Slovakia: Radar Apparatus Market 2025

Radar Apparatus Market Size in Slovakia

In 2022, the Slovak radar apparatus market increased by 19% to $X, rising for the fourth year in a row after two years of decline. Overall, consumption posted strong growth. Over the period under review, the market reached the maximum level in 2022 and is expected to retain growth in years to come.

Radar Apparatus Exports

Exports from Slovakia

In 2022, overseas shipments of radar apparatus, radio navigational aid apparatus and radio remote control apparatus decreased by -59.1% to X units, falling for the fourth consecutive year after two years of growth. Over the period under review, exports, however, saw a modest expansion. The most prominent rate of growth was recorded in 2017 with an increase of 1,266%. Over the period under review, the exports hit record highs at X units in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, radar apparatus exports shrank sharply to $X in 2022. In general, exports, however, posted a buoyant increase. The growth pace was the most rapid in 2017 when exports increased by 1,609%. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

France (X units), Ukraine (X units) and the Czech Republic (X units) were the main destinations of radar apparatus exports from Slovakia, together comprising 64% of total exports. Germany, Poland, Argentina and Austria lagged somewhat behind, together accounting for a further 26%.

From 2012 to 2022, the biggest increases were recorded for Argentina (with a CAGR of +256.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Ukraine ($X), the Czech Republic ($X) and Poland ($X) appeared to be the largest markets for radar apparatus exported from Slovakia worldwide, together comprising 60% of total exports. Germany, Austria, France and Argentina lagged somewhat behind, together comprising a further 24%.

Among the main countries of destination, Argentina, with a CAGR of +314.8%, recorded 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

In 2022, the average radar apparatus export price amounted to $X per unit, picking up by 58% against the previous year. In general, export price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 when the average export price increased by 62% against the previous year. The export price peaked in 2022 and is likely to continue growth in the near future.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Austria ($X per unit), while the average price for exports to France ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Argentina (+16.3%), while the prices for the other major destinations experienced more modest paces of growth.

Radar Apparatus Imports

Imports into Slovakia

In 2022, imports of radar apparatus, radio navigational aid apparatus and radio remote control apparatus into Slovakia expanded rapidly to X units, growing by 15% on 2021 figures. Overall, imports recorded prominent growth. The pace of growth appeared the most rapid in 2015 with an increase of 58%. Over the period under review, imports hit record highs at X units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, radar apparatus imports shrank modestly to $X in 2022. Over the period under review, imports showed a remarkable increase. The most prominent rate of growth was recorded in 2015 with an increase of 44%. Over the period under review, imports hit record highs at $X in 2021, and then fell modestly in the following year.

Imports by Country

Germany (X units), South Korea (X units) and Hungary (X units) were the main suppliers of radar apparatus imports to Slovakia, with a combined 82% share of total imports. The Czech Republic, Singapore and China lagged somewhat behind, together comprising a further 12%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Singapore (with a CAGR of +117.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of radar apparatus, radio navigational aid apparatus and radio remote control apparatus to Slovakia, comprising 50% of total imports. The second position in the ranking was taken by Hungary ($X), with a 14% share of total imports. It was followed by South Korea, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany amounted to +25.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Hungary (+93.0% per year) and South Korea (-2.9% per year).

Import Prices by Country

The average radar apparatus import price stood at $X per unit in 2022, dropping by -15% against the previous year. In general, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the average import price increased by 25%. The import price peaked at $X per unit in 2021, and then declined in the following year.

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 Singapore ($X per unit), while the price for South Korea ($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 Czech Republic (+4.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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