Portugal: Radar Apparatus Market 2022

Radar Apparatus Market Size in Portugal

The Portuguese radar apparatus market soared to $X in 2021, with an increase of 16% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption continues to indicate moderate growth. Radar apparatus consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Radar Apparatus Exports

Exports from Portugal

In 2021, radar apparatus exports from Portugal skyrocketed to X tons, jumping by 219% against the year before. In general, exports showed a significant expansion. The exports peaked at X tons in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, radar apparatus exports skyrocketed to $X in 2021. Overall, exports, however, showed a abrupt decrease. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

Exports by Country

Kenya (X tons) was the main destination for radar apparatus exports from Portugal, with a 67% share of total exports. Moreover, radar apparatus exports to Kenya exceeded the volume sent to the second major destination, Israel (X kg), sixfold. Angola (X kg) ranked third in terms of total exports with a 7.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Kenya was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Israel (+240.3% per year) and Angola (-0.7% per year).

In value terms, Angola ($X), Israel ($X) and Mozambique ($X) constituted the largest markets for radar apparatus exported from Portugal worldwide, with a combined 55% share of total exports.

Israel, with a CAGR of +288.0%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination 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 radar apparatus export price amounted to $X per ton, waning by -18.4% against the previous year. Over the period under review, the export price recorded a significant curtailment. The pace of growth appeared the most rapid in 2017 an increase of 378% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was the United States ($X per ton), while the average price for exports to Kenya ($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 Israel (+9.2%), while the prices for the other major destinations experienced mixed trend patterns.

Radar Apparatus Imports

Imports into Portugal

In 2021, approx. X tons of radar apparatus were imported into Portugal; increasing by 17% compared with the year before. Over the period under review, imports saw pronounced growth. The growth pace was the most rapid in 2019 with an increase of 163% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

In value terms, radar apparatus imports soared to $X in 2021. Overall, imports recorded prominent growth. The pace of growth was the most pronounced in 2019 with an increase of 221%. As a result, imports reached the peak of $X. From 2020 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Germany (X tons), France (X tons) and Spain (X tons) were the main suppliers of radar apparatus imports to Portugal, with a combined 70% share of total imports. These countries were followed by Belgium, the UK, the United States, the Netherlands and China, which together accounted for a further 22%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Belgium (with a CAGR of +22.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest radar apparatus suppliers to Portugal were Spain ($X), France ($X) and Germany ($X), together comprising 60% of total imports.

Spain, with a CAGR of +33.7%, 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, with an increase of 23% against the previous year. Over the period under review, import price indicated noticeable growth from 2012 to 2021: its price increased at an average annual rate of +3.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, radar apparatus import price decreased by -22.8% against 2019 indices. The most prominent rate of growth was recorded in 2018 an increase of 49%. The import price peaked at $X per ton in 2019; however, from 2020 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 ($X per ton), while the price for Belgium ($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 Czech Republic (+18.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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