Hungary: Radar Apparatus Market 2024

Radar Apparatus Market Size in Hungary

The Hungarian radar apparatus market expanded rapidly to $X in 2022, growing by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. Radar apparatus consumption peaked in 2022 and is expected to retain growth in the immediate term.

Radar Apparatus Production in Hungary

In value terms, radar apparatus production expanded remarkably to $X in 2022 estimated in export price. In general, the total production indicated moderate 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, production decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2020 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Radar Apparatus Exports

Exports from Hungary

In 2022, the amount of radar apparatus exported from Hungary dropped to X units, falling by X% against 2021 figures. In general, exports recorded a significant curtailment. The exports peaked at X units in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, radar apparatus exports contracted to $X in 2022. Over the period under review, exports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Germany (X units) was the main destination for radar apparatus exports from Hungary, accounting for a X% share of total exports. Moreover, radar apparatus exports to Germany exceeded the volume sent to the second major destination, the Netherlands (X units), fourfold. The third position in this ranking was held by the United States (X units), with a X% share.

From 2020 to 2022, the average annual rate of growth in terms of volume to Germany amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (X% per year) and the United States (X% per year).

In value terms, Germany ($X) remains the key foreign market for radar apparatus exports from Hungary, comprising X% of total exports. The second position in the ranking was taken by the Netherlands ($X), with an X% share of total exports. It was followed by Slovakia, with a X% share.

From 2020 to 2022, the average annual rate of growth in terms of value to Germany totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (X% per year) and Slovakia (X% per year).

Export Prices by Country

In 2022, the average radar apparatus export price amounted to $X per unit, shrinking by X% against the previous year. Overall, the export price continues to indicate a mild descent. The growth pace was the most rapid in 2021 when the average export price decreased by X%. Over the period under review, the average export prices reached the maximum at $X per unit in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Germany ($X per unit) and the UK ($X per unit), while the average price for exports to France ($X per unit) and the Netherlands ($X per unit) were amongst the lowest.

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

Radar Apparatus Imports

Imports into Hungary

In 2022, radar apparatus imports into Hungary reduced rapidly to X units, waning by X% against 2021. Over the period under review, imports, however, recorded a notable expansion. The pace of growth was the most pronounced in 2021 when imports increased by X%. As a result, imports attained the peak of X units, and then declined sharply in the following year.

In value terms, radar apparatus imports declined sharply to $X in 2022. In general, imports saw a perceptible shrinkage. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of $X, and then fell markedly in the following year.

Imports by Country

In 2022, Germany (X units) constituted the largest supplier of radar apparatus to Hungary, accounting for a X% share of total imports. Moreover, radar apparatus imports from Germany exceeded the figures recorded by the second-largest supplier, the United States (X units), eightfold. The third position in this ranking was held by China (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Germany totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and China (X% per year).

In value terms, Germany ($X) constituted the largest supplier of radar apparatus to Hungary, comprising X% of total imports. The second position in the ranking was held by the United States ($X), with a X% share of total imports. It was followed by Spain, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Germany totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Spain (X% per year).

Import Prices by Country

In 2022, the average radar apparatus import price amounted to $X per unit, which is down by X% against the previous year. Over the period under review, the import price showed a abrupt decrease. The most prominent rate of growth was recorded in 2018 when the average import price increased by X%. The import price peaked at $X per unit in 2012; however, from 2013 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 ($X per unit), while the price for Switzerland ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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