Slovakia: Radar Apparatus Market 2024

Radar Apparatus Market Size in Slovakia

The Slovak radar apparatus market skyrocketed to $X in 2022, growing by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption enjoyed a significant increase. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in the near future.

Radar Apparatus Exports

Exports from Slovakia

Radar apparatus exports from Slovakia contracted rapidly to X units in 2022, which is down by X% against 2021. In general, exports, however, saw a strong increase. The growth pace was the most rapid in 2017 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X units in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, radar apparatus exports shrank markedly to $X in 2022. Over the period under review, exports, however, posted strong growth. The growth pace was the most rapid in 2017 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Ukraine (X units) was the main destination for radar apparatus exports from Slovakia, accounting for a X% share of total exports. Moreover, radar apparatus exports to Ukraine exceeded the volume sent to the second major destination, the Czech Republic (X units), threefold. The third position in this ranking was held by France (X units), with a X% share.

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

In value terms, the largest markets for radar apparatus exported from Slovakia were Ukraine ($X), the Czech Republic ($X) and Poland ($X), together accounting for X% of total exports. Austria, France, Argentina, Hungary and Romania lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, Argentina, with a CAGR of X%, saw 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, with an increase of X% against the previous year. Overall, the export price, however, saw a mild downturn. The pace of growth was the most pronounced in 2017 when the average export price increased by X%. As a result, the export price reached the peak level of $X per unit. From 2018 to 2022, the average export prices remained at a lower figure.

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

Radar Apparatus Imports

Imports into Slovakia

Radar apparatus imports into Slovakia surged to X units in 2022, with an increase of X% compared with the year before. Overall, imports posted a significant increase. The most prominent rate of growth was recorded in 2015 with an increase of X%. Over the period under review, imports attained the peak figure in 2022 and are likely to see steady growth in years to come.

In value terms, radar apparatus imports totaled $X in 2022. In general, imports showed a strong increase. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, Germany (X units) constituted the largest supplier of radar apparatus to Slovakia, with a X% share of total imports. Moreover, radar apparatus imports from Germany exceeded the figures recorded by the second-largest supplier, South Korea (X units), fourfold. The third position in this ranking was taken by Hungary (X units), with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (X% per year) and Hungary (X% per year).

In value terms, Germany ($X) constituted the largest supplier of radar apparatus, radio navigational aid apparatus and radio remote control apparatus to Slovakia, comprising X% of total imports. The second position in the ranking was held by South Korea ($X), with a X% share of total imports. It was followed by Hungary, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Germany stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (X% per year) and Hungary (X% per year).

Import Prices by Country

In 2022, the average radar apparatus import price amounted to $X per unit, shrinking by X% against the previous year. Overall, the import price recorded a abrupt descent. The growth pace was the most rapid in 2013 an increase of X% against the previous year. As a result, import price attained the peak level of $X per unit. From 2014 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 Singapore ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 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

Frequently Asked Questions (FAQ) :