Denmark: Radio Navigation Apparatus Market 2024

Radio Navigation Apparatus Market Size in Denmark

In 2021, the Danish radio navigation apparatus market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption, however, recorded a resilient increase. Radio navigation apparatus consumption peaked at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Radio Navigation Apparatus Production in Denmark

In value terms, radio navigation apparatus production amounted to $X in 2021 estimated in export price. In general, production continues to indicate significant growth. The growth pace was the most rapid in 2015 with an increase of 125% against the previous year. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

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Radio Navigation Apparatus Exports

Exports from Denmark

In 2021, shipments abroad of radio navigational aid apparatus increased by 22% to X tons, rising for the third consecutive year after five years of decline. The total export volume increased at an average annual rate of +1.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2019 when exports increased by 29%. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in the immediate term.

In value terms, radio navigation apparatus exports skyrocketed to $X in 2021. In general, total exports indicated a notable increase from 2012 to 2021: its value increased at an average annual rate of +4.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +74.8% against 2018 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Sweden (X tons) was the main destination for radio navigation apparatus exports from Denmark, with a 30% share of total exports. Moreover, radio navigation apparatus exports to Sweden exceeded the volume sent to the second major destination, Germany (X tons), twofold. The third position in this ranking was taken by Norway (X tons), with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Sweden totaled -5.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+42.7% per year) and Norway (-0.9% per year).

In value terms, Sweden ($X), Germany ($X) and the United States ($X) were the largest markets for radio navigation apparatus exported from Denmark worldwide, with a combined 54% share of total exports.

The United States, with a CAGR of +74.8%, recorded the highest rates of growth with regard to the value of exports, in terms of 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

In 2021, the average radio navigation apparatus export price amounted to $X per ton, surging by 13% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.4%. The most prominent rate of growth was recorded in 2016 an increase of 22% against the previous year. The export price peaked in 2021 and is likely to see steady growth in years to come.

Prices varied noticeably country of destination: the country with the highest price was the UK ($X per ton), while the average price for exports to Norway ($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 (+13.5%), while the prices for the other major destinations experienced more modest paces of growth.

Radio Navigation Apparatus Imports

Imports into Denmark

In 2021, approx. X tons of radio navigational aid apparatus were imported into Denmark; jumping by 26% against 2020. Overall, imports, however, saw a deep slump. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, radio navigation apparatus imports surged to $X in 2021. In general, imports, however, continue to indicate a slight curtailment. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the Netherlands (X tons) constituted the largest supplier of radio navigation apparatus to Denmark, with a 67% share of total imports. Moreover, radio navigation apparatus imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Germany (X tons), sixfold. The third position in this ranking was held by Sweden (X tons), with a 6.5% share.

From 2012 to 2021, the average annual growth rate of volume from the Netherlands amounted to +28.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+14.0% per year) and Sweden (-12.2% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of radio navigational aid apparatus to Denmark, comprising 63% of total imports. The second position in the ranking was held by Germany ($X), with a 12% share of total imports. It was followed by Sweden, with a 6.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the Netherlands amounted to +26.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+8.2% per year) and Sweden (-9.1% per year).

Import Prices by Country

The average radio navigation apparatus import price stood at $X per ton in 2021, with an increase of 5.8% against the previous year. Over the last nine-year period, it increased at an average annual rate of +3.9%. The growth pace was the most rapid in 2014 an increase of 25% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the United States ($X per ton), while the price for Norway ($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 (+6.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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