Denmark: Radar Apparatus Market 2023

Radar Apparatus Market Size in Denmark

The Danish radar apparatus market surged to $X in 2022, growing by 459% against the previous year. Overall, consumption showed a tangible increase. Radar apparatus consumption peaked at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Radar Apparatus Production in Denmark

In value terms, radar apparatus production dropped remarkably to $X in 2022 estimated in export price. In general, production, however, continues to indicate strong growth. The pace of growth was the most pronounced in 2021 when the production volume increased by 88% against the previous year. As a result, production reached the peak level of $X, and then reduced remarkably in the following year.

Radar Apparatus Exports

Exports from Denmark

In 2022, the amount of radar apparatus, radio navigational aid apparatus and radio remote control apparatus exported from Denmark reduced to X units, waning by -14.6% against the previous year's figure. Over the period under review, total exports indicated a slight expansion from 2012 to 2022: its volume increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +53.0% against 2015 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 39%. As a result, the exports attained the peak of X units, and then fell in the following year.

In value terms, radar apparatus exports declined sharply to $X in 2022. In general, exports, however, continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 63%. As a result, the exports reached the peak of $X, and then shrank rapidly in the following year.

Exports by Country

The United States (X units), Sweden (X units) and Germany (X units) were the main destinations of radar apparatus exports from Denmark, together accounting for 57% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Germany (with a CAGR of +27.9%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for radar apparatus, radio navigational aid apparatus and radio remote control apparatus exports from Denmark, comprising 32% of total exports. The second position in the ranking was taken by Sweden ($X), with a 12% share of total exports. It was followed by Germany, with an 8.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States stood at +20.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (-2.4% per year) and Germany (+26.5% per year).

Export Prices by Country

In 2022, the average radar apparatus export price amounted to $X per unit, reducing by -4.3% against the previous year. Overall, export price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of +6.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, radar apparatus export price increased by +12.5% against 2017 indices. The most prominent rate of growth was recorded in 2016 an increase of 37%. The export price peaked at $X per unit in 2021, and then reduced slightly in the following year.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Canada ($X per unit), while the average price for exports to Finland ($X 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 (+8.4%), while the prices for the other major destinations experienced more modest paces of growth.

Radar Apparatus Imports

Imports into Denmark

In 2022, overseas purchases of radar apparatus, radio navigational aid apparatus and radio remote control apparatus increased by 21% to X units, rising for the second year in a row after two years of decline. Over the period under review, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when imports increased by 44%. Over the period under review, imports attained the peak figure at X units in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, radar apparatus imports surged to $X in 2022. The total import value increased at an average annual rate of +2.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 31% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.

Imports by Country

In 2022, the Netherlands (X units) constituted the largest supplier of radar apparatus to Denmark, with a 45% share of total imports. Moreover, radar apparatus imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Germany (X units), threefold. Sweden (X units) ranked third in terms of total imports with an 8.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the Netherlands amounted to +27.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+14.3% per year) and Sweden (-2.7% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of radar apparatus, radio navigational aid apparatus and radio remote control apparatus to Denmark, comprising 44% of total imports. The second position in the ranking was held by Germany ($X), with a 15% share of total imports. It was followed by Sweden, with a 7.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the Netherlands amounted to +23.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+11.2% per year) and Sweden (-2.8% per year).

Import Prices by Country

In 2022, the average radar apparatus import price amounted to $X per unit, leveling off at the previous year. Over the last decade, it increased at an average annual rate of +2.1%. The most prominent rate of growth was recorded in 2019 an increase of 53% against the previous year. The import price peaked at $X per unit in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per unit), while the price for Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+11.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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