Norway: Radar Apparatus Market 2022

Radar Apparatus Market Size in Norway

The Norwegian radar apparatus market surged to $X in 2021, jumping by 58% against the previous year. Over the period under review, consumption continues to indicate a modest increase. Over the period under review, the market reached the peak level at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Radar Apparatus Production in Norway

In value terms, radar apparatus production surged to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a abrupt setback. The growth pace was the most rapid in 2014 when the production volume increased by 144% against the previous year. Over the period under review, production attained the maximum level at $X in 2015; however, from 2016 to 2021, production remained at a lower figure.

Radar Apparatus Exports

Exports from Norway

In 2021, overseas shipments of radar apparatus decreased by -32.4% to X tons, falling for the third year in a row after two years of growth. Over the period under review, exports continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2017 when exports increased by 126%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, radar apparatus exports contracted markedly to $X in 2021. Overall, exports continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2017 when exports increased by 136% against the previous year. Over the period under review, the exports attained the maximum at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons), the UK (X tons) and Turkey (X tons) were the main destinations of radar apparatus exports from Norway, together comprising 32% of total exports. These countries were followed by Germany, South Korea, China, Denmark, the Netherlands, Greece, Sweden, Azerbaijan, Canada and Singapore, which together accounted for a further 52%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Greece (with a CAGR of +174.4%), while the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X), the UK ($X) and Germany ($X) constituted the largest markets for radar apparatus exported from Norway worldwide, together comprising 56% of total exports. These countries were followed by China, Canada, the United States, the Netherlands, Denmark, Azerbaijan, Greece, Turkey, Sweden and Singapore, which together accounted for a further 27%.

In terms of the main countries of destination, Greece, with a CAGR of +184.5%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average radar apparatus export price stood at $X per ton in 2021, surging by 9.3% against the previous year. Over the last nine years, it increased at an average annual rate of +5.3%. The pace of growth was the most pronounced in 2014 when the average export price increased by 22% against the previous year. The export price peaked in 2021 and is likely to continue growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was South Korea ($X per ton), while the average price for exports to Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+27.0%), while the prices for the other major destinations experienced more modest paces of growth.

Radar Apparatus Imports

Imports into Norway

In 2021, the amount of radar apparatus imported into Norway soared to X tons, growing by 54% compared with 2020. Overall, imports recorded slight growth. The most prominent rate of growth was recorded in 2019 when imports increased by 84%. Imports peaked in 2021 and are likely to see gradual growth in the near future.

In value terms, radar apparatus imports soared to $X in 2021. Over the period under review, imports recorded a remarkable increase. The most prominent rate of growth was recorded in 2019 with an increase of 133% against the previous year. As a result, imports reached the peak of $X. From 2020 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, Germany (X tons) constituted the largest supplier of radar apparatus to Norway, with a 44% share of total imports. Moreover, radar apparatus imports from Germany exceeded the figures recorded by the second-largest supplier, Denmark (X tons), threefold. The third position in this ranking was held by Japan (X tons), with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany stood at +6.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (+4.7% per year) and Japan (+22.7% per year).

In value terms, the largest radar apparatus suppliers to Norway were Germany ($X), Denmark ($X) and the UK ($X), together accounting for 69% of total imports. The United States, Japan, Bulgaria, France, Taiwan (Chinese), China, Spain, Hungary, South Korea and Singapore lagged somewhat behind, together comprising a further 27%.

Spain, with a CAGR of +84.6%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average radar apparatus import price stood at $X per ton in 2021, shrinking by -22.4% against the previous year. In general, import price indicated prominent growth from 2012 to 2021: its price increased at an average annual rate of +5.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, radar apparatus import price decreased by -30.1% against 2019 indices. The pace of growth appeared the most rapid in 2013 an increase of 41%. The import price peaked at $X per ton in 2019; however, from 2020 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was the United States ($X per ton), while the price for Singapore ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+28.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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