U.S.: Radio Navigation Apparatus Market 2024

Radio Navigation Apparatus Market Size in the U.S.

For the seventh year in a row, the U.S. radio navigation apparatus market recorded growth in sales value, which increased by 29% to $X in 2021. Overall, consumption, however, enjoyed a significant expansion. Radio navigation apparatus consumption peaked in 2021 and is expected to retain growth in the near future.

Radio Navigation Apparatus Production in the U.S.

In value terms, radio navigation apparatus production dropped markedly to $X in 2021. Overall, production, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 327%. Radio navigation apparatus production peaked at $X in 2020, and then fell rapidly in the following year.

Radio Navigation Apparatus Exports

Exports from the U.S.

In 2021, approx. X tons of radio navigational aid apparatus were exported from the United States; with a decrease of -22.7% compared with the previous year. Over the period under review, exports recorded a significant contraction. The smallest decline of -11.9% was in 2019. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, radio navigation apparatus exports amounted to $X in 2021. In general, exports recorded a perceptible curtailment. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Canada (X tons) was the main destination for radio navigation apparatus exports from the United States, with a 26% share of total exports. Moreover, radio navigation apparatus exports to Canada exceeded the volume sent to the second major destination, Mexico (X tons), twofold. The third position in this ranking was taken by the Netherlands (X tons), with an 8.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Canada stood at -25.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (-15.9% per year) and the Netherlands (-20.2% per year).

In value terms, Canada ($X), the Netherlands ($X) and Germany ($X) were the largest markets for radio navigation apparatus exported from the United States worldwide, together comprising 29% of total exports. These countries were followed by Brazil, Mexico, China, Australia, Japan, the UK, France, the United Arab Emirates, Paraguay and Taiwan (Chinese), which together accounted for a further 42%.

In terms of the main countries of destination, Paraguay, with a CAGR of +9.5%, recorded the highest growth rate of 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 kg, picking up by 47% against the previous year. In general, the export price posted a significant expansion. The most prominent rate of growth was recorded in 2020 when the average export price increased by 51%. Over the period under review, the average export prices reached the maximum in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was France ($X per kg), while the average price for exports to Taiwan (Chinese) ($X per kg) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to France (+45.2%), while the prices for the other major destinations experienced more modest paces of growth.

Radio Navigation Apparatus Imports

Imports into the U.S.

For the fifth year in a row, the United States recorded decline in overseas purchases of radio navigational aid apparatus, which decreased by -13.6% to X tons in 2021. Overall, imports saw a drastic downturn. The most prominent rate of growth was recorded in 2014 with an increase of 17% against the previous year. Imports peaked at X tons in 2016; however, from 2017 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 faced a deep reduction. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Taiwan (Chinese) (X tons) constituted the largest radio navigation apparatus supplier to the United States, with a 41% share of total imports. Moreover, radio navigation apparatus imports from Taiwan (Chinese) exceeded the figures recorded by the second-largest supplier, Mexico (X tons), twofold. The third position in this ranking was held by China (X tons), with a 14% share.

From 2012 to 2021, the average annual growth rate of volume from Taiwan (Chinese) amounted to -18.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (-14.4% per year) and China (-22.3% per year).

In value terms, Taiwan (Chinese) ($X) constituted the largest supplier of radio navigational aid apparatus to the United States, comprising 30% of total imports. The second position in the ranking was taken by Mexico ($X), with a 14% share of total imports. It was followed by Malaysia, with a 12% share.

From 2012 to 2021, the average annual growth rate of value from Taiwan (Chinese) amounted to -14.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (-8.2% per year) and Malaysia (+3.0% per year).

Import Prices by Country

In 2021, the average radio navigation apparatus import price amounted to $X per ton, increasing by 34% against the previous year. In general, the import price recorded resilient growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was Malaysia ($X per ton), while the price for Austria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+24.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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