Pakistan: Radio Navigation Apparatus Market 2024

Radio Navigation Apparatus Market Size in Pakistan

After two years of decline, the Pakistani radio navigation apparatus market increased by 18% to $X in 2021. Overall, the total consumption indicated noticeable growth from 2012 to 2021: its value increased at an average annual rate of +4.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -26.3% against 2018 indices. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market remained at a lower figure.

Radio Navigation Apparatus Production in Pakistan

In value terms, radio navigation apparatus production skyrocketed to $X in 2021 estimated in export price. In general, production enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2018 with an increase of 99% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2021, production growth remained at a somewhat lower figure.

Radio Navigation Apparatus Exports

Exports from Pakistan

Radio navigation apparatus exports from Pakistan shrank significantly to X kg in 2021, declining by -30.5% compared with the previous year. Over the period under review, exports, however, enjoyed slight growth. The growth pace was the most rapid in 2016 with an increase of 3,133%. The exports peaked at X kg in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, radio navigation apparatus exports shrank to $X in 2021. Overall, exports, however, posted a moderate expansion. The growth pace was the most rapid in 2016 with an increase of 3,998% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The Netherlands (X kg), Sweden (X kg) and Singapore (X kg) were the main destinations of radio navigation apparatus exports from Pakistan, together accounting for 82% of total exports.

From 2012 to 2021, the biggest increases were recorded for Sweden (with a CAGR of +36.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X), Sweden ($X) and the Netherlands ($X) appeared to be the largest markets for radio navigation apparatus exported from Pakistan worldwide, together comprising 36% of total exports.

In terms of the main countries of destination, Sweden, with a CAGR of +42.6%, 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

In 2021, the average radio navigation apparatus export price amounted to $X per ton, jumping by 23% against the previous year. Overall, export price indicated a pronounced increase from 2012 to 2021: its price increased at an average annual rate of +2.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, radio navigation apparatus export price increased by +77.7% against 2015 indices. The most prominent rate of growth was recorded in 2018 when the average export price increased by 29% against the previous year. Over the period under review, the average export prices reached the maximum in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was France ($X per ton), while the average price for exports to the Netherlands ($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 France (+28.8%), while the prices for the other major destinations experienced more modest paces of growth.

Radio Navigation Apparatus Imports

Imports into Pakistan

In 2021, purchases abroad of radio navigational aid apparatus increased by 18% to X tons, rising for the fourth year in a row after two years of decline. Overall, imports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2015 when imports increased by 514% against the previous year. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in the immediate term.

In value terms, radio navigation apparatus imports shrank to $X in 2021. In general, imports saw a remarkable increase. The most prominent rate of growth was recorded in 2015 with an increase of 588%. As a result, imports reached the peak of $X. From 2016 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Spain (X tons), Norway (X tons) and Lithuania (X kg) were the main suppliers of radio navigation apparatus imports to Pakistan, with a combined 47% share of total imports. Slovakia, South Korea, the United States and Vietnam lagged somewhat behind, together accounting for a further 17%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Korea (with a CAGR of +92.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), the United States ($X) and Lithuania ($X) appeared to be the largest radio navigation apparatus suppliers to Pakistan, together accounting for 50% of total imports. Norway, Slovakia, South Korea and Vietnam lagged somewhat behind, together comprising a further 8.1%.

Norway, with a CAGR of +88.2%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers 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 kg, dropping by -26.1% against the previous year. In general, the import price faced a significant decrease. The pace of growth appeared the most rapid in 2014 an increase of 19%. Over the period under review, average import prices hit record highs at $X per kg in 2012; however, from 2013 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 ($X per kg), while the price for Slovakia ($X per kg) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (-0.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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