Scandinavia: Radar Apparatus Market 2023

Radar Apparatus Market Size in Scandinavia

The Scandinavia radar apparatus market declined to $X in 2021, with a decrease of -8% against the previous year. Over the period under review, consumption showed a noticeable setback. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Radar Apparatus Production in Scandinavia

In value terms, radar apparatus production dropped slightly to $X in 2021 estimated in export price. Overall, production, however, recorded a perceptible decline. The most prominent rate of growth was recorded in 2015 with an increase of 15%. As a result, production attained the peak level of $X. From 2016 to 2021, production growth failed to regain momentum.

Radar Apparatus Exports

Exports in Scandinavia

In 2021, shipments abroad of radar apparatus, radio navigational aid apparatus and radio remote control apparatus was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. The total export volume increased at an average annual rate of +1.6% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. Over the period under review, the exports attained the maximum at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, radar apparatus exports surged to $X in 2021. The total export value increased at an average annual rate of +5.3% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 with an increase of 29%. The level of export peaked in 2021 and is expected to retain growth in years to come.

Exports by Country

In 2021, Sweden (X tons), Denmark (X tons) and Norway (X tons) was the major exporter of radar apparatus, radio navigational aid apparatus and radio remote control apparatus in Scandinavia, making up 88% of total export. It was distantly followed by Finland (X tons), comprising a 12% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Finland (with a CAGR of +19.2%), while the other leaders experienced more modest paces of growth.

In value terms, the largest radar apparatus supplying countries in Scandinavia were Denmark ($X), Sweden ($X) and Norway ($X), together comprising 95% of total exports.

Among the main exporting countries, Denmark, with a CAGR of +11.9%, 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

In 2021, the export price in Scandinavia amounted to $X per ton, surging by 5.1% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.7%. The growth pace was the most rapid in 2013 an increase of 45%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Denmark ($X per ton), while Norway ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (+8.1%), while the other leaders experienced mixed trends in the export price figures.

Radar Apparatus Imports

Imports in Scandinavia

In 2021, overseas purchases of radar apparatus, radio navigational aid apparatus and radio remote control apparatus were finally on the rise to reach X tons after two years of decline. Total imports indicated a notable expansion from 2012 to 2021: its volume increased at an average annual rate of +2.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -29.7% against 2018 indices. The growth pace was the most rapid in 2018 when imports increased by 45% against the previous year. As a result, imports attained the peak of X tons. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, radar apparatus imports amounted to $X in 2021. Total imports indicated perceptible growth from 2012 to 2021: its value increased at an average annual rate of +3.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -24.3% against 2018 indices. The growth pace was the most rapid in 2018 with an increase of 27% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Sweden represented the key importing country with an import of around X tons, which recorded 50% of total imports. Norway (X tons) ranks second in terms of the total imports with a 20% share, followed by Denmark (17%) and Finland (12%).

From 2012 to 2021, average annual rates of growth with regard to radar apparatus imports into Sweden stood at +3.7%. At the same time, Finland (+6.3%) and Norway (+2.0%) displayed positive paces of growth. Moreover, Finland emerged as the fastest-growing importer imported in Scandinavia, with a CAGR of +6.3% from 2012-2021. By contrast, Denmark (-1.7%) illustrated a downward trend over the same period. Sweden (+5.2 p.p.) and Finland (+3.4 p.p.) significantly strengthened its position in terms of the total imports, while Denmark saw its share reduced by -7.6% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Sweden ($X) constitutes the largest market for imported radar apparatus, radio navigational aid apparatus and radio remote control apparatus in Scandinavia, comprising 54% of total imports. The second position in the ranking was held by Norway ($X), with a 19% share of total imports. It was followed by Denmark, with a 17% share.

In Sweden, radar apparatus imports expanded at an average annual rate of +7.2% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Norway (+2.2% per year) and Denmark (+0.6% per year).

Import Prices by Country

In 2021, the import price in Scandinavia amounted to $X per ton, remaining relatively unchanged against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.4%. The growth pace was the most rapid in 2019 an increase of 19% against the previous year. As a result, import price reached the peak level of $X per ton. From 2020 to 2021, the import prices failed to regain momentum.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Sweden ($X per ton) and Denmark ($X per ton), while Finland ($X per ton) and Norway ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+3.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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