Lithuania: Radar Apparatus Market 2024

Radar Apparatus Market Size in Lithuania

For the fourth consecutive year, the Lithuanian radar apparatus market recorded growth in sales value, which increased by X% to $X in 2022. Overall, consumption showed a significant increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Radar Apparatus Production in Lithuania

In value terms, radar apparatus production contracted to $X in 2022 estimated in export price. In general, production posted a resilient increase. The most prominent rate of growth was recorded 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 failed to regain momentum.

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Radar Apparatus Exports

Exports from Lithuania

In 2022, approx. X units of radar apparatus, radio navigational aid apparatus and radio remote control apparatus were exported from Lithuania; surging by X% against the previous year's figure. Overall, exports recorded a buoyant increase. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to see steady growth in years to come.

In value terms, radar apparatus exports stood at $X in 2022. Over the period under review, exports saw a resilient increase. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

Latvia (X units), the United Arab Emirates (X units) and the UK (X units) were the main destinations of radar apparatus exports from Lithuania, together comprising X% of total exports. Germany, France, Italy, Estonia, Brazil, Norway, India, the Netherlands, Spain and Mexico lagged somewhat behind, together comprising a further X%.

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

In value terms, Germany ($X), the United Arab Emirates ($X) and the UK ($X) were the largest markets for radar apparatus exported from Lithuania worldwide, with a combined X% share of total exports. Spain, France, Italy, Brazil, the Netherlands, India, Mexico, Norway, Latvia and Estonia lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, Mexico, with a CAGR of X%, 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 radar apparatus export price stood at $X per unit in 2022, flattening at the previous year. Overall, the export price, however, enjoyed a strong increase. The pace of growth was the most pronounced in 2020 when the average export price increased by X% against the previous year. The export price peaked at $X per unit in 2021, and then fell modestly 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 Germany ($X per unit), while the average price for exports to Latvia ($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 Germany (X%), while the prices for the other major destinations experienced more modest paces of growth.

Radar Apparatus Imports

Imports into Lithuania

In 2022, the amount of radar apparatus, radio navigational aid apparatus and radio remote control apparatus imported into Lithuania contracted to X units, dropping by X% against the previous year's figure. Over the period under review, total imports indicated a resilient expansion 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, imports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, imports attained the peak of X units, and then declined in the following year.

In value terms, radar apparatus imports surged to $X in 2022. In general, imports, however, saw strong growth. The growth pace was the most rapid in 2020 when imports increased by X%. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Poland (X units), China (X units) and Germany (X units) were the main suppliers of radar apparatus imports to Lithuania, together accounting for X% of total imports. Latvia, the Netherlands, Italy, France, Taiwan (Chinese), the United States, Finland, Belgium, Sweden and the UK lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Sweden (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest radar apparatus suppliers to Lithuania were the United States ($X), Germany ($X) and China ($X), with a combined X% share of total imports. Latvia, Poland, Italy, Finland, the UK, Sweden, the Netherlands, France, Belgium and Taiwan (Chinese) lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Sweden, with a CAGR of X%, saw the highest growth rate of the value of imports, 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, growing by X% against the previous year. In general, the import price continues to indicate tangible growth. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. As a result, import price attained the peak level of $X per unit. From 2021 to 2022, the average import prices failed to regain momentum.

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

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

Source: IndexBox Platform

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