Global Radio Navigation Apparatus Market 2024

Radio Navigation Apparatus Market Size

The global radio navigation apparatus market soared to $X in 2021, growing by 17% against the previous year. Overall, the total consumption indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +6.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +58.9% against 2016 indices. Global consumption peaked in 2021 and is expected to retain growth in the immediate term.

Radio Navigation Apparatus Production

In value terms, radio navigation apparatus production fell modestly to $X in 2021 estimated in export price. In general, the total production indicated noticeable growth from 2012 to 2021: its value increased at an average annual rate of +4.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +43.5% against 2016 indices. The most prominent rate of growth was recorded in 2018 with an increase of 23% against the previous year. Global production peaked at $X in 2020, and then dropped in the following year.

Radio Navigation Apparatus Exports

Exports

In 2021, shipments abroad of radio navigational aid apparatus was finally on the rise to reach X tons for the first time since 2016, thus ending a four-year declining trend. Overall, exports, however, recorded a abrupt slump. The growth pace was the most rapid in 2015 when exports increased by 17%. Over the period under review, the global exports hit record highs at X tons in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, radio navigation apparatus exports amounted to $X in 2021. Over the period under review, exports, however, saw a noticeable downturn. The global exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

In 2021, China (X tons), Taiwan (Chinese) (X tons), Hungary (X tons), Malaysia (X tons), Poland (X tons) and the Netherlands (X tons) was the major exporter of radio navigational aid apparatus in the world, constituting 60% of total export. Japan (X tons), South Korea (X tons), Germany (X tons), Mexico (X tons), Vietnam (X tons), the UK (X tons) and Spain (X tons) took a little share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Poland (with a CAGR of +54.9%), while the other global leaders experienced more modest paces of growth.

In value terms, the largest radio navigation apparatus supplying countries worldwide were China ($X), the Netherlands ($X) and Mexico ($X), together accounting for 26% of global exports. These countries were followed by Malaysia, Poland, Taiwan (Chinese), Germany, the UK, Hungary, Vietnam, Japan, South Korea and Spain, which together accounted for a further 40%.

Poland, with a CAGR of +55.5%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other global 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, growing by 3.9% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.6%. The pace of growth was the most pronounced in 2018 an increase of 13% against the previous year. Over the period under review, the average export prices hit record highs in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Mexico ($X per ton), while Hungary ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+6.6%), while the other global leaders experienced more modest paces of growth.

Radio Navigation Apparatus Imports

Imports

In 2021, purchases abroad of radio navigational aid apparatus was finally on the rise to reach X tons for the first time since 2016, thus ending a four-year declining trend. Over the period under review, imports, however, saw a perceptible contraction. Over the period under review, global imports hit record highs at X tons in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, radio navigation apparatus imports surged to $X in 2021. In general, imports, however, continue to indicate a pronounced slump. Over the period under review, global imports attained the maximum at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Japan (X tons), distantly followed by the Netherlands (X tons), Italy (X tons), Germany (X tons) and China (X tons) were the major importers of radio navigational aid apparatus, together constituting 43% of total imports. The United States (X tons), the UK (X tons), Hong Kong SAR (X tons), Spain (X tons), Belgium (X tons), Turkey (X tons), Hungary (X tons) and France (X tons) followed a long way behind the leaders.

Japan experienced a relatively flat trend pattern with regard to volume of imports of radio navigational aid apparatus. At the same time, Hungary (+16.2%), Italy (+13.1%), Turkey (+4.0%), Hong Kong SAR (+1.9%) and China (+1.8%) displayed positive paces of growth. Moreover, Hungary emerged as the fastest-growing importer imported in the world, with a CAGR of +16.2% from 2012-2021. The Netherlands and Belgium experienced a relatively flat trend pattern. By contrast, Spain (-3.6%), France (-9.6%), Germany (-12.7%), the UK (-13.9%) and the United States (-19.1%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Japan, Italy, the Netherlands, China and Hungary increased by +5.2, +5.1, +2.8, +2.2 and +1.9 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X), Japan ($X) and China ($X) constituted the countries with the highest levels of imports in 2021, with a combined 31% share of global imports. Germany, the Netherlands, the UK, France, Hong Kong SAR, Italy, Turkey, Hungary, Belgium and Spain lagged somewhat behind, together accounting for a further 33%.

Hungary, with a CAGR of +18.7%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other global 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, with an increase of 7% against the previous year. In general, the import price continues to indicate modest growth. The most prominent rate of growth was recorded in 2018 when the average import price increased by 7.2%. Global import price peaked in 2021 and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was the United States ($X per ton), while Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+9.6%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :