Italy: Radio Navigation Apparatus Market 2024

Radio Navigation Apparatus Market Size in Italy

For the fourth consecutive year, the Italian radio navigation apparatus market recorded growth in sales value, which increased by 24% to $X in 2021. Overall, consumption showed a remarkable increase. Radio navigation apparatus consumption peaked in 2021 and is expected to retain growth in years to come.

Radio Navigation Apparatus Production in Italy

In value terms, radio navigation apparatus production reduced slightly to $X in 2021 estimated in export price. Over the period under review, production showed a resilient increase. The pace of growth was the most pronounced in 2014 when the production volume increased by 48%. Over the period under review, production reached the maximum level at $X in 2020, and then dropped slightly in the following year.

Radio Navigation Apparatus Exports

Exports from Italy

In 2021, after six years of growth, there was decline in overseas shipments of radio navigational aid apparatus, when their volume decreased by -1.2% to X tons. Over the period under review, exports, however, continue to indicate prominent growth. The most prominent rate of growth was recorded in 2016 when exports increased by 50%. Over the period under review, the exports reached the peak figure at X tons in 2020, and then declined in the following year.

In value terms, radio navigation apparatus exports reached $X in 2021. In general, exports, however, recorded prominent growth. The growth pace was the most rapid in 2016 when exports increased by 45%. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in the near future.

Exports by Country

The United States (X tons), Germany (X tons) and China (X tons) were the main destinations of radio navigation apparatus exports from Italy, with a combined 65% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of +54.7%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Germany ($X) and the UK ($X) appeared to be the largest markets for radio navigation apparatus exported from Italy worldwide, together comprising 51% of total exports.

In terms of the main countries of destination, the United States, with a CAGR of +35.3%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average radio navigation apparatus export price stood at $X per ton in 2021, rising by 13% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average export price increased by 16%. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was the UK ($X per ton), while the average price for exports to South Africa ($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 Hong Kong SAR (+4.1%), while the prices for the other major destinations experienced more modest paces of growth.

Radio Navigation Apparatus Imports

Imports into Italy

In 2021, the amount of radio navigational aid apparatus imported into Italy surged to X tons, with an increase of 17% compared with the previous year. Over the period under review, imports recorded a prominent expansion. The pace of growth was the most pronounced in 2019 when imports increased by 104% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in years to come.

In value terms, radio navigation apparatus imports soared to $X in 2021. In general, total imports indicated measured growth from 2012 to 2021: its value increased at an average annual rate of +4.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +60.3% against 2016 indices. The growth pace was the most rapid in 2019 with an increase of 32% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

Imports by Country

France (X tons), Hungary (X tons) and the Netherlands (X tons) were the main suppliers of radio navigation apparatus imports to Italy, with a combined 83% share of total imports. These countries were followed by Germany, China, Albania and the UK, which together accounted for a further 14%.

From 2012 to 2021, the biggest increases were recorded for Albania (with a CAGR of +96.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, France ($X), the Netherlands ($X) and Hungary ($X) constituted the largest radio navigation apparatus suppliers to Italy, together accounting for 60% of total imports. These countries were followed by China, Germany, Albania and the UK, which together accounted for a further 18%.

Albania, with a CAGR of +68.0%, saw 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 2021, the average radio navigation apparatus import price amounted to $X per ton, increasing by 3.5% against the previous year. Overall, the import price, however, saw a abrupt decline. The most prominent rate of growth was recorded in 2017 when the average import price increased by 28%. As a result, import price attained the peak level of $X per ton. From 2018 to 2021, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the UK ($X per ton), while the price for Hungary ($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 (+2.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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