Report Update: May 1, 2024

Finland - Radio Navigational Aid Apparatus - Market Analysis, Forecast, Size, Trends And Insights

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Radio Navigation Apparatus Price in Finland - 2023

Radio Navigation Apparatus Price in Finland (CIF) - 2022

In 2022, the average radio navigation apparatus import price amounted to $167 per unit, declining by -16.2% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the average import price increased by 41%. The import price peaked at $323 per unit in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

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 the UK ($321 per unit), while the price for Norway ($99 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+2.2%), while the prices for the other major suppliers experienced a decline.

Radio Navigation Apparatus Price in Finland (FOB) - 2022

The average radio navigation apparatus export price stood at $201 per unit in 2022, increasing by 8.8% against the previous year. Over the period under review, the export price recorded prominent growth. The pace of growth was the most pronounced in 2018 an increase of 108%. Over the period under review, the average export prices reached the maximum at $304 per unit in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($657 per unit), while the average price for exports to China ($82 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 the UK (+31.0%), while the prices for the other major destinations experienced more modest paces of growth.

Radio Navigation Apparatus Imports in Finland

Radio navigation apparatus imports into Finland soared to 145K units in 2022, growing by 61% against 2021. Overall, total imports indicated a tangible expansion from 2019 to 2022: its volume increased at an average annual rate of +3.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +67.2% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, radio navigation apparatus imports skyrocketed to $24M in 2022. In general, imports, however, showed a abrupt decline. Imports peaked at $40M in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Import of Radio Navigation Apparatus in Finland (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Denmark	0.4	6.1	6.1	5.7	142.4%
United States	4.4	1.4	0.9	3.1	-11.0%
United Kingdom	2.3	2.6	0.3	3.1	10.5%
Germany	1.5	1.4	1.4	2.5	18.6%
Sweden	0.9	2.5	1.9	1.7	23.6%
Netherlands	0.3	1.0	1.0	1.3	63.0%
China	5.4	2.0	2.2	0.7	-49.4%
Norway	0.8	0.8	N/A	0.7	-4.4%
Czech Republic	4.7	N/A	0.3	0.4	-56.0%
Hungary	5.6	N/A	N/A	0.2	-67.1%
Poland	1.5	N/A	0.1	0.1	-59.5%
Taiwan (Chinese)	6.3	0.1	0.2	N/A	-82.2%
Others	6.5	2.6	3.3	4.6	-10.9%
Total	40.4	20.5	17.8	24.1	-15.8%

Top Suppliers of Radio Navigation Apparatus to Finland in 2022:

Denmark (56.7K units)
Germany (14.0K units)
Sweden (11.7K units)
Netherlands (11.6K units)
United States (10.9K units)
United Kingdom (9.5K units)
Norway (7.3K units)
China (4.3K units)
Czech Republic (1.4K units)
Hungary (1.2K units)
Poland (0.6K units)
Taiwan (Chinese) (0.2K units)

Radio Navigation Apparatus Exports in Finland

In 2022, approx. 47K units of radio navigational aid apparatus were exported from Finland; waning by -23% against 2021 figures. Overall, exports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 406%. As a result, the exports attained the peak of 61K units, and then fell rapidly in the following year.

In value terms, radio navigation apparatus exports fell rapidly to $9.5M in 2022. In general, exports, however, enjoyed significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 208%. As a result, the exports reached the peak of $11M, and then declined markedly in the following year.

Export of Radio Navigation Apparatus in Finland (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United Kingdom	9.4	72.1	1,260	2,354	530.3%
United States	893	355	646	1,867	27.9%
Norway	186	903	1,543	1,229	87.6%
Denmark	178	269	232	562	46.7%
France	64.5	38.5	131	373	79.5%
Australia	18.0	257	318	322	161.5%
Germany	41.0	55.7	19.0	284	90.6%
Sweden	113	43.5	88.1	165	13.4%
Turkey	696	75.3	40.8	149	-40.2%
South Korea	30.4	113	511	136	64.8%
China	49.5	94.3	213	73.8	14.2%
Switzerland	65.4	104	94.4	52.0	-7.4%
Russia	387	584	360	39.7	-53.2%
Others	668	719	5,875	1,881	41.2%
Total	3,398	3,685	11,332	9,487	40.8%

Top Export Markets for Radio Navigation Apparatus from Finland in 2022:

United States (16.0K units)
Denmark (6.5K units)
Norway (5.4K units)
United Kingdom (3.6K units)
Australia (1.7K units)
France (1.2K units)
South Korea (1.1K units)
Germany (1.0K units)
China (0.9K units)
Sweden (0.7K units)
Switzerland (0.4K units)
Russia (0.4K units)
Turkey (0.3K units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the radio navigation apparatus market in Finland. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 26512050 - Radio navigational aid apparatus (including radio beacons and radio buoys, receivers, radio compasses equipped with multiple aerials or with a directional frame aerial)

Country coverage:

Finland

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Finland
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023