Turkey: Radio Navigation Apparatus Market 2024

Radio Navigation Apparatus Market Size in Turkey

In 2021, the Turkish radio navigation apparatus market increased by 54% to $X, rising for the third year in a row after four years of decline. Overall, consumption showed resilient growth. Over the period under review, the market hit record highs in 2021 and is likely to continue growth in years to come.

Radio Navigation Apparatus Exports

Exports from Turkey

In 2021, radio navigation apparatus exports from Turkey skyrocketed to X tons, increasing by 77% on the previous year. Overall, exports saw buoyant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, radio navigation apparatus exports skyrocketed to $X in 2021. In general, exports enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2013 with an increase of 131%. The exports peaked in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Belgium (X tons), the United States (X tons) and Iraq (X tons) were the main destinations of radio navigation apparatus exports from Turkey, with a combined 37% share of total exports. Romania, Germany, Azerbaijan, Hungary, Saint Helena, Ascension and Tristan da Cunha, Somalia, the UK, Cyprus, France and Spain lagged somewhat behind, together accounting for a further 32%.

From 2012 to 2021, the biggest increases were recorded for Saint Helena, Ascension and Tristan da Cunha (with a CAGR of +5,588.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), Germany ($X) and the United States ($X) appeared to be the largest markets for radio navigation apparatus exported from Turkey worldwide, together accounting for 29% of total exports. Azerbaijan, France, the UK, Belgium, Hungary, Cyprus, Romania, Somalia, Iraq and Saint Helena, Ascension and Tristan da Cunha lagged somewhat behind, together comprising a further 17%.

In terms of the main countries of destination, Saint Helena, Ascension and Tristan da Cunha, with a CAGR of +10,172.0%, saw 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 2021, the average radio navigation apparatus export price amounted to $X per ton, shrinking by -17.4% against the previous year. Overall, export price indicated a notable increase from 2012 to 2021: its price increased at an average annual rate of +3.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, radio navigation apparatus export price increased by +35.7% against 2017 indices. The most prominent rate of growth was recorded in 2013 when the average export price increased by 69%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Spain ($X per ton), while the average price for exports to Iraq ($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 Saint Helena, Ascension and Tristan da Cunha (+79.0%), while the prices for the other major destinations experienced more modest paces of growth.

Radio Navigation Apparatus Imports

Imports into Turkey

In 2021, purchases abroad of radio navigational aid apparatus increased by 58% to X tons, rising for the third consecutive year after three years of decline. In general, imports recorded a perceptible increase. The most prominent rate of growth was recorded in 2013 with an increase of 65% against the previous year. Imports peaked at X tons in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

In value terms, radio navigation apparatus imports surged to $X in 2021. Over the period under review, imports continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2019 when imports increased by 58%. Imports peaked in 2021 and are likely to continue growth in the near future.

Imports by Country

Portugal (X tons), Hungary (X tons) and the Czech Republic (X tons) were the main suppliers of radio navigation apparatus imports to Turkey, together accounting for 54% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Hungary (with a CAGR of +83.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest radio navigation apparatus suppliers to Turkey were Portugal ($X), the United States ($X) and the Czech Republic ($X), with a combined 52% share of total imports. Japan, Hungary, China, South Korea, Thailand, France, Taiwan (Chinese), Germany and Norway lagged somewhat behind, together accounting for a further 40%.

In terms of the main suppliers, Hungary, with a CAGR of +82.6%, 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 2021, the average radio navigation apparatus import price amounted to $X per ton, dropping by -2.8% against the previous year. Over the period under review, the import price, however, showed a resilient increase. The pace of growth was the most pronounced in 2018 an increase of 106% against the previous year. Over the period under review, average import prices attained the maximum 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 ($X per ton), while the price for Norway ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+32.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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