Slovakia: Radar Apparatus Market 2024

Radar Apparatus Market Size in Slovakia

The Slovak radar apparatus market soared to $X in 2022, picking up by X% against the previous year. In general, consumption continues to indicate a remarkable increase. Over the period under review, the market reached the peak level in 2022 and is likely to see steady growth in years to come.

Radar Apparatus Production in Slovakia

In value terms, radar apparatus production contracted dramatically to $X in 2022 estimated in export price. Over the period under review, production saw a pronounced setback. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Radar Apparatus Exports

Exports from Slovakia

In 2022, shipments abroad of radar apparatus, radio navigational aid apparatus and radio remote control apparatus decreased by X% to X units, falling for the second year in a row after two years of growth. Over the period under review, exports, however, recorded a prominent increase. The growth pace was the most rapid in 2017 when exports increased by X% against the previous year. The exports peaked at X units in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, radar apparatus exports declined sharply to $X in 2022. Overall, exports, however, saw prominent growth. The pace of growth appeared the most rapid in 2017 when exports increased by X%. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

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

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

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

Argentina, with a CAGR of X%, recorded the highest growth rate of 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 2022, the average radar apparatus export price amounted to $X per unit, increasing by X% against the previous year. Over the period under review, the export price, however, recorded a perceptible decrease. The growth pace was the most rapid in 2017 an increase of X%. The export price peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ukraine ($X per unit), while the average price for exports to Germany ($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 India (X%), while the prices for the other major destinations experienced more modest paces of growth.

Radar Apparatus Imports

Imports into Slovakia

In 2022, the amount of radar apparatus, radio navigational aid apparatus and radio remote control apparatus imported into Slovakia soared to X units, surging by X% against 2021 figures. In general, imports enjoyed a significant expansion. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see gradual growth in the near future.

In value terms, radar apparatus imports totaled $X in 2022. Over the period under review, imports saw a prominent expansion. The growth pace was the most rapid in 2015 when imports increased by X%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2022, Germany (X units) constituted the largest radar apparatus supplier to Slovakia, with a X% share of total imports. Moreover, radar apparatus imports from Germany exceeded the figures recorded by the second-largest supplier, South Korea (X units), fivefold. The Czech Republic (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Germany amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (X% per year) and the Czech Republic (X% per year).

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

From 2012 to 2022, the average annual growth rate of value from Germany totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (X% per year) and Hungary (X% per year).

Import Prices by Country

The average radar apparatus import price stood at $X per unit in 2022, shrinking by X% against the previous year. In general, the import price continues to indicate a deep slump. The growth pace was the most rapid in 2014 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per unit. From 2015 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Hungary ($X per unit), while the price for Italy ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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