Italy: Radar Apparatus Market 2024

Radar Apparatus Market Size in Italy

The Italian radar apparatus market stood at $X in 2022, remaining stable against the previous year. Overall, consumption saw perceptible growth. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Radar Apparatus Production in Italy

In value terms, radar apparatus production fell to $X in 2022 estimated in export price. Over the period under review, production, however, showed a dramatic curtailment. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

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Radar Apparatus Exports

Exports from Italy

In 2022, shipments abroad of radar apparatus increased by X% to X units, rising for the second consecutive year after two years of decline. In general, exports, however, showed a abrupt slump. The most prominent rate of growth was recorded in 2018 with an increase of X%. The exports peaked at X units in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, radar apparatus exports dropped to $X in 2022. Over the period under review, exports enjoyed strong growth. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The exports peaked at $X in 2021, and then shrank in the following year.

Exports by Country

Qatar (X units) was the main destination for radar apparatus exports from Italy, with a X% share of total exports. Moreover, radar apparatus exports to Qatar exceeded the volume sent to the second major destination, Egypt (X units), eightfold. The UK (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Qatar stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Egypt (X% per year) and the UK (X% per year).

In value terms, Qatar ($X), the UK ($X) and Egypt ($X) constituted the largest markets for radar apparatus exported from Italy worldwide, with a combined X% share of total exports.

Egypt, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among 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 2022, the average radar apparatus export price amounted to $X per unit, which is down by X% against the previous year. In general, the export price, however, continues to indicate buoyant growth. The most prominent rate of growth was recorded in 2020 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2021, 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 Switzerland ($X per unit), while the average price for exports to the United Arab Emirates ($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 Switzerland (X%), while the prices for the other major destinations experienced more modest paces of growth.

Radar Apparatus Imports

Imports into Italy

After ten years of growth, overseas purchases of radar apparatus decreased by X% to X units in 2022. Overall, imports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of X units, and then shrank sharply in the following year.

In value terms, radar apparatus imports fell to $X in 2022. In general, imports, however, recorded a buoyant increase. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of $X, and then contracted in the following year.

Imports by Country

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

From 2020 to 2022, the average annual growth rate of volume from the UK stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and the Netherlands (X% per year).

In value terms, the UK ($X), Germany ($X) and France ($X) were the largest radar apparatus suppliers to Italy, with a combined X% share of total imports. Spain, Hungary, the Netherlands, Belgium and Mexico lagged somewhat behind, together accounting for a further X%.

Mexico, with a CAGR of X.1%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers 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, picking up by X% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $X per unit in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform

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