Belgium: Radio Navigation Apparatus Market 2024

Radio Navigation Apparatus Market Size in Belgium

After two years of decline, the Belgian radio navigation apparatus market increased by 69% to $X in 2021. In general, consumption, however, continues to indicate a mild descent. Over the period under review, the market reached the peak level at $X in 2016; however, from 2017 to 2021, consumption stood at a somewhat lower figure.

Radio Navigation Apparatus Production in Belgium

In value terms, radio navigation apparatus production skyrocketed to $X in 2021 estimated in export price. Overall, production recorded a resilient increase. The most prominent rate of growth was recorded in 2018 when the production volume increased by 140% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2021, production growth remained at a lower figure.

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Radio Navigation Apparatus Exports

Exports from Belgium

In 2021, exports of radio navigational aid apparatus from Belgium shrank dramatically to X tons, declining by -41% compared with the previous year's figure. Overall, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 612% against the previous year. As a result, the exports attained the peak of X tons. From 2018 to 2021, the growth of the exports remained at a lower figure.

In value terms, radio navigation apparatus exports shrank rapidly to $X in 2021. Over the period under review, exports, however, posted tangible growth. The pace of growth appeared the most rapid in 2017 when exports increased by 562% against the previous year. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

Germany (X tons) was the main destination for radio navigation apparatus exports from Belgium, accounting for a 53% share of total exports. Moreover, radio navigation apparatus exports to Germany exceeded the volume sent to the second major destination, the Netherlands (X tons), fourfold. Italy (X tons) ranked third in terms of total exports with an 8.7% share.

From 2012 to 2021, the average annual growth rate of volume to Germany totaled +7.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+0.2% per year) and Italy (+3.2% per year).

In value terms, Germany ($X) remains the key foreign market for radio navigational aid apparatus exports from Belgium, comprising 35% of total exports. The second position in the ranking was taken by the Netherlands ($X), with an 11% share of total exports. It was followed by Italy, with a 7.1% share.

From 2012 to 2021, the average annual growth rate of value to Germany totaled +1.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+3.8% per year) and Italy (+6.1% per year).

Export Prices by Country

In 2021, the average radio navigation apparatus export price amounted to $X per ton, waning by -13.6% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.8%. The most prominent rate of growth was recorded in 2018 when the average export price increased by 30% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2019 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 the UK ($X per ton), while the average price for exports to Germany ($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 the UK (+9.7%), while the prices for the other major destinations experienced more modest paces of growth.

Radio Navigation Apparatus Imports

Imports into Belgium

In 2021, supplies from abroad of radio navigational aid apparatus decreased by -14% to X tons, falling for the fourth year in a row after two years of growth. In general, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2014 when imports increased by 75% against the previous year. Over the period under review, imports hit record highs at X tons in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, radio navigation apparatus imports contracted dramatically to $X in 2021. Over the period under review, imports saw a pronounced slump. The most prominent rate of growth was recorded in 2014 when imports increased by 50% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2021, imports failed to regain momentum.

Imports by Country

China (X tons), Japan (X tons) and the Netherlands (X tons) were the main suppliers of radio navigation apparatus imports to Belgium, with a combined 80% share of total imports.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +17.3%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Japan ($X), the Netherlands ($X) and China ($X) were the largest radio navigation apparatus suppliers to Belgium, with a combined 66% share of total imports.

Among the main suppliers, Japan, with a CAGR of +11.1%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average radio navigation apparatus import price stood at $X per ton in 2021, waning by -8.8% against the previous year. Over the period under review, the import price continues to indicate a noticeable slump. The pace of growth was the most pronounced in 2013 an increase of 23% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+7.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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