Norway: Radio Navigation Apparatus Market 2024

Radio Navigation Apparatus Market Size in Norway

After four years of decline, the Norwegian radio navigation apparatus market increased by 123% to $X in 2021. Over the period under review, consumption recorded a buoyant expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Radio Navigation Apparatus Production in Norway

In value terms, radio navigation apparatus production shrank slightly to $X in 2021 estimated in export price. Over the period under review, production, however, saw a pronounced curtailment. The pace of growth was the most pronounced in 2018 with an increase of 32% against the previous year. Radio navigation apparatus production peaked at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Radio Navigation Apparatus Exports

Exports from Norway

In 2021, the amount of radio navigational aid apparatus exported from Norway skyrocketed to X tons, picking up by 20% on the year before. Overall, exports, however, saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 when exports increased by 48% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, radio navigation apparatus exports surged to $X in 2021. In general, exports, however, continue to indicate a noticeable reduction. The growth pace was the most rapid in 2018 when exports increased by 30% against the previous year. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

China (X tons), Iran (X tons) and India (X tons) were the main destinations of radio navigation apparatus exports from Norway, with a combined 40% share of total exports. Tanzania, the UK, Sweden, Pakistan, Finland, Mauritania, Spain, Australia, Turkey and Serbia lagged somewhat behind, together comprising a further 39%.

From 2012 to 2021, the biggest increases were recorded for Pakistan (with a CAGR of +132.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for radio navigation apparatus exported from Norway were China ($X), Iran ($X) and India ($X), together accounting for 37% of total exports. These countries were followed by Sweden, the UK, Spain, Turkey, Finland, Australia, Tanzania, Pakistan, Serbia and Mauritania, which together accounted for a further 19%.

Among the main countries of destination, Pakistan, with a CAGR of +95.1%, saw the highest rates of growth with regard to 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 radio navigation apparatus export price stood at $X per ton in 2021, almost unchanged from the previous year. Overall, export price indicated a modest expansion from 2012 to 2021: its price increased at an average annual rate of +1.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, radio navigation apparatus export price decreased by -39.3% against 2019 indices. The most prominent rate of growth was recorded in 2013 when the average export price increased by 25%. The export price peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Iran ($X per ton), while the average price for exports to Mauritania ($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 China (+3.4%), while the prices for the other major destinations experienced mixed trend patterns.

Radio Navigation Apparatus Imports

Imports into Norway

In 2021, the amount of radio navigational aid apparatus imported into Norway dropped to X tons, shrinking by -6.6% against the previous year. Overall, imports saw a deep downturn. The most prominent rate of growth was recorded in 2017 when imports increased by 8.7%. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, radio navigation apparatus imports expanded rapidly to $X in 2021. In general, imports showed a noticeable contraction. The pace of growth appeared the most rapid in 2017 with an increase of 22% against the previous year. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Taiwan (Chinese) (X tons) constituted the largest supplier of radio navigation apparatus to Norway, accounting for a 36% share of total imports. Moreover, radio navigation apparatus imports from Taiwan (Chinese) exceeded the figures recorded by the second-largest supplier, Lithuania (X tons), threefold. China (X tons) ranked third in terms of total imports with a 9.1% share.

From 2012 to 2021, the average annual growth rate of volume from Taiwan (Chinese) stood at -1.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Lithuania (+25.5% per year) and China (-15.6% per year).

In value terms, the largest radio navigation apparatus suppliers to Norway were Taiwan (Chinese) ($X), the United States ($X) and China ($X), with a combined 27% share of total imports. Lithuania, Switzerland, Germany, the UK, the Netherlands, Sweden, Denmark, Spain, Poland and Hungary lagged somewhat behind, together accounting for a further 18%.

In terms of the main suppliers, Spain, with a CAGR of +48.6%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average radio navigation apparatus import price amounted to $X per ton, picking up by 23% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.9%. The import price peaked at $X per ton in 2017; however, from 2018 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+7.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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