Italy: Radar Apparatus Market 2024

Radar Apparatus Market Size in Italy

In 2022, the Italian radar apparatus market increased by X% to $X for the first time since 2019, thus ending a two-year declining trend. In general, consumption, however, saw a tangible expansion. Radar apparatus consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Radar Apparatus Production in Italy

In value terms, radar apparatus production rose to $X in 2022 estimated in export price. Overall, production showed a abrupt decline. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Radar apparatus production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Radar Apparatus Exports

Exports from Italy

In 2022, shipments abroad of radar apparatus, radio navigational aid apparatus and radio remote control apparatus increased by X% to X units, rising for the third year in a row after two years of decline. Overall, total exports indicated a measured increase from 2012 to 2022: its volume 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, exports increased by X% against 2019 indices. The pace of growth was the most pronounced in 2014 with an increase of X%. As a result, the exports reached the peak of X units. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, radar apparatus exports declined to $X in 2022. In general, exports posted prominent growth. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then reduced slightly in the following year.

Exports by Country

France (X units), the UK (X units) and the United States (X units) were the main destinations of radar apparatus exports from Italy, together accounting for X% of total exports. Germany, Spain, Bangladesh, Poland, the Netherlands, Australia, South Korea, Sweden, Belgium and Morocco lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Bangladesh (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

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

From 2012 to 2022, the average annual rate of growth in terms of value to the UK totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and France (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, export price indicated a moderate expansion from 2012 to 2022: its price 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, radar apparatus export price increased by X% against 2020 indices. The pace of growth was the most pronounced in 2018 an increase of X% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2021, and then declined in the following year.

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

Radar Apparatus Imports

Imports into Italy

In 2022, radar apparatus imports into Italy surged to X units, picking up by X% compared with the previous year. Overall, imports enjoyed a buoyant increase. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, radar apparatus imports amounted to $X in 2022. In general, imports continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in years to come.

Imports by Country

The United States (X units), France (X units) and China (X units) were the main suppliers of radar apparatus imports to Italy, together accounting for X% of total imports. Hungary, Morocco, Poland, Sweden, the Netherlands, Germany, Austria, Bulgaria, Belgium and the UK lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Morocco (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X), France ($X) and Germany ($X) were the largest radar apparatus suppliers to Italy, together accounting for X% of total imports. The United States, Hungary, the Netherlands, China, Morocco, Sweden, Poland, Belgium, Bulgaria and Austria lagged somewhat behind, together comprising a further X%.

Hungary, with a CAGR of X%, recorded the highest growth rate of 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, reducing by X% against the previous year. Overall, the import price recorded a mild slump. The pace of growth appeared the most rapid in 2021 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per unit, and then reduced markedly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per unit), while the price for Austria ($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 UK (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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