Scandinavia: Radar Apparatus Market 2024

Radar Apparatus Market Size in Scandinavia

In 2022, the Scandinavia radar apparatus market decreased by -20.4% to $X, falling for the fourth year in a row after two years of growth. In general, consumption saw a pronounced reduction. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Radar Apparatus Production in Scandinavia

In value terms, radar apparatus production declined slightly to $X in 2022 estimated in export price. Overall, production saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of 15%. The level of production peaked at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Radar Apparatus Exports

Exports in Scandinavia

For the third year in a row, Scandinavia recorded growth in overseas shipments of radar apparatus, radio navigational aid apparatus and radio remote control apparatus, which increased by 15% to X units in 2022. The total export volume increased at an average annual rate of +2.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 when exports increased by 19% against the previous year. As a result, the exports reached the peak of X units. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, radar apparatus exports skyrocketed to $X in 2022. The total export value increased at an average annual rate of +2.9% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of 33%. Over the period under review, the exports reached the peak figure at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Sweden (X units) was the largest exporter of radar apparatus, radio navigational aid apparatus and radio remote control apparatus, creating 58% of total exports. Norway (X units) took a 27% share (based on physical terms) of total exports, which put it in second place, followed by Finland (15%).

Exports from Sweden increased at an average annual rate of +3.4% from 2012 to 2022. At the same time, Finland (+17.1%) displayed positive paces of growth. Moreover, Finland emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of +17.1% from 2012-2022. By contrast, Norway (-3.0%) illustrated a downward trend over the same period. While the share of Finland (+11 p.p.) and Sweden (+7 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Norway (-18.2 p.p.) displayed negative dynamics.

In value terms, Sweden ($X) remains the largest radar apparatus supplier in Scandinavia, comprising 72% of total exports. The second position in the ranking was taken by Norway ($X), with an 18% share of total exports.

In Sweden, radar apparatus exports increased at an average annual rate of +4.2% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Norway (-3.0% per year) and Finland (+11.2% per year).

Export Prices by Country

In 2022, the export price in Scandinavia amounted to $X per unit, rising by 1.7% against the previous year. In general, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the export price increased by 37%. The level of export peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Sweden ($X per unit), while Norway ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+0.7%), while the other leaders experienced a decline in the export price figures.

Radar Apparatus Imports

Imports in Scandinavia

In 2022, purchases abroad of radar apparatus, radio navigational aid apparatus and radio remote control apparatus decreased by -11% to X units, falling for the fourth consecutive year after five years of growth. Over the period under review, imports, however, saw a tangible increase. The pace of growth was the most pronounced in 2018 when imports increased by 39% against the previous year. As a result, imports reached the peak of X units. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, radar apparatus imports dropped to $X in 2022. Total imports indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -36.7% against 2018 indices. The pace of growth was the most pronounced in 2018 with an increase of 32% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Sweden was the main importer of radar apparatus, radio navigational aid apparatus and radio remote control apparatus in Scandinavia, with the volume of imports resulting at X units, which was approx. 58% of total imports in 2022. Norway (X units) held the second position in the ranking, distantly followed by Finland (X units). All these countries together held near 42% share of total imports.

Sweden was also the fastest-growing in terms of the radar apparatus, radio navigational aid apparatus and radio remote control apparatus imports, with a CAGR of +4.8% from 2012 to 2022. At the same time, Finland (+4.4%) and Norway (+2.4%) displayed positive paces of growth. While the share of Sweden (+4.2 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Norway (-4.7 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Sweden ($X), Norway ($X) and Finland ($X) constituted the countries with the highest levels of imports in 2022.

Among the main importing countries, Sweden, with a CAGR of +3.7%, recorded the highest growth rate of 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 2022, the import price in Scandinavia amounted to $X per unit, standing approx. at the previous year. Over the period under review, the import price recorded a mild reduction. The pace of growth was the most pronounced in 2013 an increase of 9.9%. As a result, import price reached the peak level of $X per unit. From 2014 to 2022, the import prices remained at a lower figure.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Norway ($X per unit), while Sweden ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Norway (+0.4%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform