Slovakia: Radar Apparatus Market 2024

Radar Apparatus Market Size in Slovakia

For the eleventh consecutive year, the Slovak radar apparatus market recorded growth in sales value, which increased by X% to $X in 2022. Over the period under review, consumption continues to indicate prominent growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Radar Apparatus Production in Slovakia

In value terms, radar apparatus production rose sharply to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Radar Apparatus Exports

Exports from Slovakia

In 2022, overseas shipments of radar apparatus were finally on the rise to reach X units after two years of decline. Over the period under review, exports posted a significant expansion. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. As a result, the exports attained the peak of X units. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, radar apparatus exports surged to $X in 2022. In general, exports posted a significant expansion. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the immediate term.

Exports by Country

Ukraine (X units) was the main destination for radar apparatus exports from Slovakia, with a X% share of total exports. Moreover, radar apparatus exports to Ukraine exceeded the volume sent to the second major destination, Bahrain (X units), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Ukraine amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bahrain (X% per year) and Brazil (X% per year).

In value terms, Ukraine ($X) emerged as the key foreign market for radar apparatus exports from Slovakia, comprising X% of total exports. The second position in the ranking was taken by Bahrain ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Ukraine stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bahrain (X% per year) and Brazil (X% per year).

Export Prices by Country

In 2022, the average radar apparatus export price amounted to $X per unit, surging by X% against the previous year. In general, the export price enjoyed a buoyant expansion. The pace of growth was the most pronounced in 2020 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the immediate term.

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

Radar Apparatus Imports

Imports into Slovakia

In 2022, approx. X units of radar apparatus were imported into Slovakia; picking up by X% on the year before. Over the period under review, imports enjoyed significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, radar apparatus imports surged to $X in 2022. In general, imports continue to indicate a significant increase. The growth pace was the most rapid in 2018 when imports increased by X% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, South Korea (X units) constituted the largest supplier of radar apparatus to Slovakia, with a X% share of total imports. Moreover, radar apparatus imports from South Korea exceeded the figures recorded by the second-largest supplier, Singapore (X units), fourfold. The Czech Republic (X units) ranked third in terms of total imports with a X% share.

From 2020 to 2022, the average annual rate of growth in terms of volume from South Korea amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (X% per year) and the Czech Republic (X% per year).

In value terms, the largest radar apparatus suppliers to Slovakia were South Korea ($X), Hungary ($X) and Singapore ($X), with a combined X% share of total imports. The Czech Republic and Romania lagged somewhat behind, together accounting for a further X%.

The Czech Republic, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average radar apparatus import price stood at $X per unit in 2022, with a decrease of X% against the previous year. Over the period under review, the import price recorded a drastic downturn. The pace of growth was the most pronounced in 2021 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per unit, and then declined notably in the following year.

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

From 2020 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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