Belgium: Radar Apparatus Market 2024

Radar Apparatus Market Size in Belgium

The Belgian radar apparatus market stood at $X in 2022, surging by X% against the previous year. Over the period under review, the total consumption indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2020 indices. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Radar Apparatus Production in Belgium

In value terms, radar apparatus production rose sharply to $X in 2022 estimated in export price. Over the period under review, production saw a resilient increase. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

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Radar Apparatus Exports

Exports from Belgium

For the eleventh consecutive year, Belgium recorded growth in shipments abroad of radar apparatus, which increased by X% to X units in 2022. Overall, exports saw strong growth. The pace of growth appeared the most rapid in 2021 when exports increased by X%. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, radar apparatus exports contracted sharply to $X in 2022. Over the period under review, exports continue to indicate a prominent increase. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

Germany (X units), the UK (X units) and the United States (X units) were the main destinations of radar apparatus exports from Belgium, together comprising X% of total exports.

From 2020 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the UK (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for radar apparatus exported from Belgium were Germany ($X), Japan ($X) and the United States ($X), with a combined X% share of total exports. France, the Czech Republic, Switzerland, Italy, the UK, Spain and the Netherlands lagged somewhat behind, together comprising a further X%.

The UK, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among 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

The average radar apparatus export price stood at $X per unit in 2022, waning by X% against the previous year. Overall, the export price recorded a abrupt downturn. The pace of growth was the most pronounced in 2021 when the average export price increased by X%. As a result, the export price reached the peak level of $X per unit, and then reduced rapidly in the following year.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per unit), while the average price for exports to the UK ($X per unit) was amongst the lowest.

From 2020 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Czech Republic (X%), while the prices for the other major destinations experienced more modest paces of growth.

Radar Apparatus Imports

Imports into Belgium

In 2022, after ten years of growth, there was significant decline in purchases abroad of radar apparatus, when their volume decreased by X% to X units. Overall, imports recorded a pronounced downturn. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of X units, and then reduced markedly in the following year.

In value terms, radar apparatus imports contracted rapidly to $X in 2022. In general, imports, however, enjoyed resilient growth. The pace of growth was the most pronounced in 2014 when imports increased by X% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

China (X units), France (X units) and Singapore (X units) were the main suppliers of radar apparatus imports to Belgium, together comprising X% of total imports. Germany and Sweden lagged somewhat behind, together accounting for a further X%.

From 2020 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Sweden (with a CAGR of X%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Singapore ($X), Germany ($X) and China ($X) constituted the largest radar apparatus suppliers to Belgium, together accounting for X% of total imports. France and Sweden lagged somewhat behind, together accounting for a further X%.

Sweden, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average radar apparatus import price amounted to $X per unit, reducing by X% against the previous year. In general, the import price showed a deep setback. The import price peaked at $X per unit in 2020; however, from 2021 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 Sweden ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2020 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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