Finland: Radar Apparatus Market 2024

Radar Apparatus Market Size in Finland

The Finnish radar apparatus market surged to $X in 2022, picking up by X% against the previous year. In general, consumption, however, showed a dramatic decrease. Radar apparatus consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Radar Apparatus Production in Finland

In value terms, radar apparatus production stood at $X in 2022 estimated in export price. Overall, production enjoyed a pronounced expansion. The pace of growth appeared the most rapid in 2020 when the production volume increased by X% against the previous year. Radar apparatus production peaked at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Radar Apparatus Exports

Exports from Finland

Radar apparatus exports from Finland soared to X units in 2022, rising by X% against the previous year. Over the period under review, exports recorded significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, radar apparatus exports skyrocketed to $X in 2022. Overall, exports showed resilient growth. The pace of growth was the most pronounced in 2014 when exports increased by X%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Ethiopia (X units) was the main destination for radar apparatus exports from Finland, accounting for a X% share of total exports. Moreover, radar apparatus exports to Ethiopia exceeded the volume sent to the second major destination, Croatia (X units), more than tenfold. The United Arab Emirates (X units) ranked third in terms of total exports with a X% share.

From 2020 to 2022, the average annual rate of growth in terms of volume to Ethiopia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Croatia (X% per year) and the United Arab Emirates (X% per year).

In value terms, Ethiopia ($X) emerged as the key foreign market for radar apparatus exports from Finland, comprising X% of total exports. The second position in the ranking was taken by Croatia ($X), with a X% share of total exports. It was followed by Saint Maarten (Dutch part), with a X% share.

From 2020 to 2022, the average annual rate of growth in terms of value to Ethiopia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Croatia (X% per year) and Saint Maarten (Dutch part) (X% per year).

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 continues to indicate a sharp shrinkage. The growth pace was the most rapid in 2021 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per unit, and then reduced notably in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Kazakhstan ($X per unit), while the average price for exports to Ethiopia ($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 New Zealand (X%), while the prices for the other major destinations experienced more modest paces of growth.

Radar Apparatus Imports

Imports into Finland

For the eleventh consecutive year, Finland recorded growth in supplies from abroad of radar apparatus, which increased by X% to X units in 2022. In general, imports posted significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, radar apparatus imports totaled $X in 2022. Overall, imports continue to indicate a pronounced expansion. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

China (X units), Germany (X units) and Hungary (X units) were the main suppliers of radar apparatus imports to Finland, together comprising X% of total imports. The UK, the Netherlands, Norway, Sweden, the United States, Denmark, Belgium, Canada, Italy and Malaysia lagged somewhat behind, together comprising a further X%.

From 2020 to 2022, the biggest increases were recorded for Norway (with a CAGR of X.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest radar apparatus suppliers to Finland were China ($X), Germany ($X) and Hungary ($X), with a combined X% share of total imports. The UK, the Netherlands, Norway, Sweden, the United States, Belgium, Canada, Denmark, Italy and Malaysia lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Norway, with a CAGR of X.3%, saw the highest rates of growth with regard to the value of imports, 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, falling by X% against the previous year. Over the period under review, the import price faced a dramatic descent. The most prominent rate of growth was recorded in 2021 an increase of X%. As a result, import price reached the peak level of $X per unit, and then contracted remarkably in the following year.

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

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

Source: IndexBox Platform

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