Romania: Radar Apparatus Market 2024

Radar Apparatus Market Size in Romania

The Romanian radar apparatus market soared to $X in 2022, growing by X% against the previous year. Over the period under review, consumption showed strong growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Radar Apparatus Production in Romania

In value terms, radar apparatus production declined modestly to $X in 2022 estimated in export price. In general, production, however, saw strong growth. The pace of growth was the most pronounced in 2015 with an increase of X%. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Radar Apparatus Exports

Exports from Romania

In 2022, approx. X units of radar apparatus, radio navigational aid apparatus and radio remote control apparatus were exported from Romania; growing by X% on the year before. Overall, exports enjoyed a resilient increase. The growth pace was the most rapid in 2016 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to see gradual growth in the near future.

In value terms, radar apparatus exports skyrocketed to $X in 2022. In general, exports enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2016 with an increase of X%. The exports peaked in 2022 and are likely to see gradual growth in the near future.

Exports by Country

Germany (X units) was the main destination for radar apparatus exports from Romania, with a X% share of total exports. It was followed by the Netherlands (X units), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Germany stood at X%.

In value terms, Germany ($X) remains the key foreign market for radar apparatus, radio navigational aid apparatus and radio remote control apparatus exports from Romania, comprising X% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany stood at X%.

Export Prices by Country

In 2022, the average radar apparatus export price amounted to $X per unit, rising by X% against the previous year. Overall, the export price, however, showed a pronounced slump. The pace of growth was the most pronounced in 2013 when the average export price increased by X%. The export price peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per unit), while the average price for exports to Germany totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (X%).

Radar Apparatus Imports

Imports into Romania

In 2022, overseas purchases of radar apparatus, radio navigational aid apparatus and radio remote control apparatus increased by X% to X units, rising for the third consecutive year after four years of decline. Over the period under review, total imports indicated a strong increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, radar apparatus imports skyrocketed to $X in 2022. In general, imports recorded buoyant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Germany (X units), Poland (X units) and Italy (X units) were the main suppliers of radar apparatus imports to Romania, together accounting for X% of total imports. China, the Netherlands, Hungary, France, the Czech Republic, the United States, Austria, Vietnam, Lithuania and Taiwan (Chinese) lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of radar apparatus, radio navigational aid apparatus and radio remote control apparatus to Romania, comprising X% of total imports. The second position in the ranking was taken by Poland ($X), with an X% share of total imports. It was followed by Germany, with a X% share.

From 2012 to 2022, the average annual growth rate of value from the United States amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (X% per year) and Germany (X% per year).

Import Prices by Country

The average radar apparatus import price stood at $X per unit in 2022, surging by X% against the previous year. In general, the import price saw strong growth. The growth pace was the most rapid in 2017 when the average import price increased by X%. Over the period under review, average import prices hit record highs at $X per unit in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per unit), while the price for Austria ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :