Scandinavia: Radio Navigation Apparatus Market 2024

Radio Navigation Apparatus Market Size in Scandinavia

In 2021, after two years of decline, there was growth in the Scandinavia radio navigation apparatus market, when its value increased by 2.1% to $X. The total consumption indicated a mild expansion from 2012 to 2021: its value increased at an average annual rate of +1.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -29.4% against 2018 indices. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Radio Navigation Apparatus Production in Scandinavia

In value terms, radio navigation apparatus production totaled $X in 2021 estimated in export price. Overall, production, however, continues to indicate a deep reduction. The pace of growth was the most pronounced in 2015 with an increase of 71%. The level of production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Radio Navigation Apparatus Exports

Exports in Scandinavia

In 2021, shipments abroad of radio navigational aid apparatus increased by 24% to X tons, rising for the third consecutive year after four years of decline. Over the period under review, exports, however, showed a pronounced slump. The volume of export peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, radio navigation apparatus exports skyrocketed to $X in 2021. Overall, exports saw a relatively flat trend pattern. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Denmark (X tons) and Norway (X tons) represented roughly 75% of total exports in 2021. Sweden (X tons) took the next position in the ranking, distantly followed by Finland (X tons). All these countries together took approx. 25% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Finland (with a CAGR of +23.5%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, Denmark ($X) remains the largest radio navigation apparatus supplier in Scandinavia, comprising 51% of total exports. The second position in the ranking was taken by Sweden ($X), with a 22% share of total exports. It was followed by Norway, with a 21% share.

From 2012 to 2021, the average annual growth rate of value in Denmark amounted to +4.0%. The remaining exporting countries recorded the following average annual rates of exports growth: Sweden (-4.3% per year) and Norway (-3.6% per year).

Export Prices by Country

The export price in Scandinavia stood at $X per ton in 2021, growing by 7.9% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.3%. The growth pace was the most rapid in 2016 an increase of 14% against the previous year. The level of export peaked at $X per ton in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+2.9%), while the other leaders experienced more modest paces of growth.

Radio Navigation Apparatus Imports

Imports in Scandinavia

For the third year in a row, Scandinavia recorded decline in supplies from abroad of radio navigational aid apparatus, which decreased by -7% to X tons in 2021. In general, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of 34%. Over the period under review, imports reached the peak figure at X tons in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, radio navigation apparatus imports dropped modestly to $X in 2021. Over the period under review, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when imports increased by 34%. The level of import peaked at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

Sweden was the major importing country with an import of around X tons, which amounted to 62% of total imports. Denmark (X tons) ranks second in terms of the total imports with a 21% share, followed by Norway (12%). Finland (X tons) followed a long way behind the leaders.

Sweden was also the fastest-growing in terms of the radio navigational aid apparatus imports, with a CAGR of +5.7% from 2012 to 2021. Denmark (-5.3%), Norway (-5.3%) and Finland (-8.2%) illustrated a downward trend over the same period. While the share of Sweden (+25 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Finland (-4.9 p.p.), Norway (-7.2 p.p.) and Denmark (-12.8 p.p.) displayed negative dynamics.

In value terms, Sweden ($X) constitutes the largest market for imported radio navigational aid apparatus in Scandinavia, comprising 54% of total imports. The second position in the ranking was taken by Denmark ($X), with a 24% share of total imports. It was followed by Norway, with a 16% share.

In Sweden, radio navigation apparatus imports expanded at an average annual rate of +4.9% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Denmark (-1.6% per year) and Norway (-2.6% per year).

Import Prices by Country

In 2021, the import price in Scandinavia amounted to $X per ton, picking up by 5.2% against the previous year. Over the period under review, the import price showed mild growth. The pace of growth appeared the most rapid in 2014 an increase of 20% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 to 2021, the import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Finland ($X per ton), while Sweden ($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 (+3.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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