Latvia: Radar Apparatus Market 2024

Radar Apparatus Market Size in Latvia

The Latvian radar apparatus market surged to $X in 2022, jumping by X% against the previous year. In general, the total consumption indicated resilient 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, consumption decreased by X% against 2018 indices. Radar apparatus consumption peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Radar Apparatus Production in Latvia

In value terms, radar apparatus production totaled $X in 2022 estimated in export price. Over the period under review, the total production indicated a temperate expansion 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 increased by X% against 2017 indices. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Radar apparatus production peaked at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

Radar Apparatus Exports

Exports from Latvia

Radar apparatus exports from Latvia soared to X units in 2022, increasing by X% against the previous year's figure. Overall, exports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2018 with an increase of X%. Over the period under review, the exports attained the peak figure at X units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, radar apparatus exports skyrocketed to $X in 2022. In general, exports enjoyed a resilient increase. The pace of growth appeared the most rapid in 2013 with an increase of X%. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

Lithuania (X units) was the main destination for radar apparatus exports from Latvia, accounting for a X% share of total exports. Moreover, radar apparatus exports to Lithuania exceeded the volume sent to the second major destination, Estonia (X units), sixfold. Ukraine (X units) ranked third in terms of total exports with an X% share.

From 2012 to 2022, the average annual growth rate of volume to Lithuania totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Estonia (X% per year) and Ukraine (X% per year).

In value terms, Russia ($X), Lithuania ($X) and Estonia ($X) constituted the largest markets for radar apparatus exported from Latvia worldwide, together accounting for X% of total exports. The United States, Ukraine, Norway, the Czech Republic, France and Sweden lagged somewhat behind, together accounting for a further X%.

The United States, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of 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

The average radar apparatus export price stood at $X per unit in 2022, with an increase of X% against the previous year. Overall, the export price, however, showed a abrupt descent. The growth pace was the most rapid in 2020 when the average export price increased by X%. Over the period under review, the average export prices hit record highs at $X per unit in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

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

Radar Apparatus Imports

Imports into Latvia

In 2022, overseas purchases of radar apparatus, radio navigational aid apparatus and radio remote control apparatus increased by X% to X units, rising for the second consecutive year after two years of decline. In general, imports saw a strong expansion. The growth pace was the most rapid in 2014 when imports increased by X%. Over the period under review, imports attained the peak figure at X units in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, radar apparatus imports soared to $X in 2022. Overall, imports saw a buoyant increase. The most prominent rate of growth was recorded in 2018 when imports increased by X%. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Poland (X units), Italy (X units) and China (X units) were the main suppliers of radar apparatus imports to Latvia, together accounting for X% of total imports.

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

In value terms, Germany ($X) constituted the largest supplier of radar apparatus, radio navigational aid apparatus and radio remote control apparatus to Latvia, comprising X% of total imports. The second position in the ranking was held by Lithuania ($X), with a X% share of total imports. It was followed by the Netherlands, with an X% share.

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

Import Prices by Country

In 2022, the average radar apparatus import price amounted to $X per unit, surging by X% against the previous year. Over the period under review, the import price showed a slight expansion. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. As a result, import price reached the peak level of $X per unit. From 2014 to 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per unit), while the price for Indonesia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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