Serbia: Radar Apparatus Market 2024

Radar Apparatus Market Size in Serbia

The Serbian radar apparatus market rose markedly to $X in 2022, growing by X% against the previous year. In general, consumption saw perceptible growth. Radar apparatus consumption peaked in 2022 and is likely to see steady growth in the immediate term.

Radar Apparatus Production in Serbia

In value terms, radar apparatus production amounted to $X in 2022 estimated in export price. Overall, the total production indicated tangible 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, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, production attained the peak level at $X in 2020; afterwards, it flattened through to 2022.

Radar Apparatus Exports

Exports from Serbia

Radar apparatus exports from Serbia declined notably to X units in 2022, shrinking by X% compared with 2021. Over the period under review, exports saw a mild decrease. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, the exports hit record highs at X units in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, radar apparatus exports dropped remarkably to $X in 2022. In general, exports, however, saw significant growth. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

Hungary (X units), Montenegro (X units) and Uganda (X units) were the main destinations of radar apparatus exports from Serbia, together comprising X% of total exports.

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

In value terms, Uganda ($X) emerged as the key foreign market for radar apparatus exports from Serbia, comprising X% of total exports. The second position in the ranking was taken by Hungary ($X), with a X% share of total exports. It was followed by Montenegro, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Uganda amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (X% per year) and Montenegro (X% per year).

Export Prices by Country

In 2022, the average radar apparatus export price amounted to $X per unit, rising by X% against the previous year. Overall, the export price enjoyed a significant expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Uganda ($X per unit), while the average price for exports to Bosnia and Herzegovina ($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 Albania (X%), while the prices for the other major destinations experienced more modest paces of growth.

Radar Apparatus Imports

Imports into Serbia

In 2022, supplies from abroad of radar apparatus increased by X% to X units, rising for the fourth consecutive year after two years of decline. In general, imports saw a significant expansion. The growth pace was the most rapid in 2016 when imports increased by X%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, radar apparatus imports contracted sharply to $X in 2022. Overall, imports enjoyed a strong expansion. The pace of growth appeared the most rapid in 2016 with an increase of X%. As a result, imports reached the peak of $X. From 2017 to 2022, the growth of imports remained at a lower figure.

Imports by Country

The United States (X units), Germany (X units) and France (X units) were the main suppliers of radar apparatus imports to Serbia, with a combined X% share of total imports.

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

In value terms, the United States ($X), France ($X) and Germany ($X) appeared to be the largest radar apparatus suppliers to Serbia, with a combined X% share of total imports. China, Hungary and Switzerland lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, China, with a CAGR of X%, recorded 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, shrinking by X% against the previous year. In general, the import price continues to indicate a abrupt decline. The growth pace was the most rapid in 2014 when the average import price increased by X%. As a result, import price reached the peak level of $X per unit. From 2015 to 2022, the average import prices remained at a lower figure.

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

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

Source: IndexBox Platform

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