Slovakia: Radio Navigation Apparatus Market 2024

Radio Navigation Apparatus Market Size in Slovakia

The Slovak radio navigation apparatus market skyrocketed to $X in 2021, with an increase of 92% 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). Overall, consumption showed a buoyant expansion. Radio navigation apparatus consumption peaked at $X in 2016; however, from 2017 to 2021, consumption failed to regain momentum.

Radio Navigation Apparatus Exports

Exports from Slovakia

After seven years of growth, overseas shipments of radio navigational aid apparatus decreased by -38.1% to X tons in 2021. Overall, exports, however, continue to indicate significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 323% against the previous year. As a result, the exports reached the peak of X tons, and then contracted remarkably in the following year.

In value terms, radio navigation apparatus exports fell rapidly to $X in 2021. Over the period under review, exports, however, enjoyed buoyant growth. The growth pace was the most rapid in 2020 with an increase of 333%. As a result, the exports attained the peak of $X, and then declined dramatically in the following year.

Exports by Country

Brunei Darussalam (X tons), the Czech Republic (X tons) and France (X tons) were the main destinations of radio navigation apparatus exports from Slovakia, together comprising 46% of total exports. These countries were followed by Spain, Hungary, Slovenia and Poland, which together accounted for a further 40%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Spain (with a CAGR of +415.8%), while the other leaders experienced more modest paces of growth.

In value terms, the Czech Republic ($X), Hungary ($X) and Spain ($X) appeared to be the largest markets for radio navigation apparatus exported from Slovakia worldwide, with a combined 60% share of total exports.

Spain, with a CAGR of +548.5%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average radio navigation apparatus export price stood at $X per ton in 2021, which is down by -32.2% against the previous year. Over the period under review, the export price showed a deep reduction. The pace of growth appeared the most rapid in 2013 when the average export price increased by 20% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Poland ($X per ton), while the average price for exports to Brunei Darussalam ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Czech Republic (-7.2%), while the prices for the other major destinations experienced a decline.

Radio Navigation Apparatus Imports

Imports into Slovakia

In 2021, the amount of radio navigational aid apparatus imported into Slovakia skyrocketed to X tons, picking up by 21% compared with the year before. Overall, imports enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2013 with an increase of 67% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2016; however, from 2017 to 2021, imports remained at a lower figure.

In value terms, radio navigation apparatus imports surged to $X in 2021. Over the period under review, total imports indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +8.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when imports increased by 53% against the previous year. Imports peaked at $X in 2016; however, from 2017 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Germany (X tons) constituted the largest supplier of radio navigation apparatus to Slovakia, with a 82% share of total imports. Moreover, radio navigation apparatus imports from Germany exceeded the figures recorded by the second-largest supplier, the Czech Republic (X tons), more than tenfold. The third position in this ranking was held by the Netherlands (X tons), with a 2.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany totaled +60.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (+33.0% per year) and the Netherlands (+71.9% per year).

In value terms, Germany ($X) constituted the largest supplier of radio navigational aid apparatus to Slovakia, comprising 80% of total imports. The second position in the ranking was taken by the Czech Republic ($X), with a 6.1% share of total imports. It was followed by South Korea, with a 4% share.

From 2012 to 2021, the average annual growth rate of value from Germany amounted to +53.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (+35.7% per year) and South Korea (-21.3% per year).

Import Prices by Country

In 2021, the average radio navigation apparatus import price amounted to $X per ton, with an increase of 15% against the previous year. Overall, the import price, however, showed a abrupt downturn. The pace of growth was the most pronounced in 2020 when the average import price increased by 43% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic (+2.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :