United Kingdom: Radio Navigation Apparatus Market 2024

Radio Navigation Apparatus Market Size in the UK

For the fourth year in a row, the UK radio navigation apparatus market recorded decline in sales value, which decreased by -21.5% to $X in 2021. Over the period under review, consumption continues to indicate a deep contraction. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market remained at a somewhat lower figure.

Radio Navigation Apparatus Production in the UK

In value terms, radio navigation apparatus production declined modestly to $X in 2021 estimated in export price. Over the period under review, production recorded a abrupt shrinkage. The pace of growth appeared the most rapid in 2015 with an increase of 20%. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Radio Navigation Apparatus Exports

Exports from the UK

In 2021, the amount of radio navigational aid apparatus exported from the UK fell significantly to X tons, which is down by -37.5% on 2020. In general, exports saw a deep slump. The most prominent rate of growth was recorded in 2018 with an increase of 99% against the previous year. The exports peaked at X tons in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, radio navigation apparatus exports dropped dramatically to $X in 2021. Over the period under review, exports continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2018 when exports increased by 123% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

Spain (X tons), Germany (X tons) and France (X tons) were the main destinations of radio navigation apparatus exports from the UK, with a combined 50% share of total exports. These countries were followed by Turkey, Ireland, the United States, Italy, the Netherlands, South Africa, Australia, Russia, Belgium and Denmark, which together accounted for a further 37%.

From 2012 to 2021, the biggest increases were recorded for Turkey (with a CAGR of +18.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for radio navigation apparatus exported from the UK were the United States ($X), Germany ($X) and Spain ($X), with a combined 44% share of total exports.

Spain, with a CAGR of +6.4%, recorded the highest rates of growth with regard to 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

In 2021, the average radio navigation apparatus export price amounted to $X per ton, with an increase of 5.1% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +4.7%. The most prominent rate of growth was recorded in 2013 when the average export price increased by 34%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was the United States ($X per ton), while the average price for exports to Ireland ($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 Denmark (+12.3%), while the prices for the other major destinations experienced more modest paces of growth.

Radio Navigation Apparatus Imports

Imports into the UK

Radio navigation apparatus imports into the UK contracted markedly to X tons in 2021, with a decrease of -43% on 2020. In general, imports recorded a abrupt decrease. The most prominent rate of growth was recorded in 2013 with an increase of 75% against the previous year. As a result, imports reached the peak of X tons. From 2014 to 2021, the growth of imports failed to regain momentum.

In value terms, radio navigation apparatus imports shrank slightly to $X in 2021. Overall, imports recorded a abrupt slump. The growth pace was the most rapid in 2013 when imports increased by 14%. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

China (X tons), the Czech Republic (X tons) and Germany (X tons) were the main suppliers of radio navigation apparatus imports to the UK, together comprising 39% of total imports. These countries were followed by Taiwan (Chinese), the Netherlands, France, Portugal, the United States, Thailand, Vietnam, Poland, Hong Kong SAR and Japan, which together accounted for a further 49%.

From 2012 to 2021, the biggest increases were recorded for Vietnam (with a CAGR of +145.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest radio navigation apparatus suppliers to the UK were Portugal ($X), the United States ($X) and the Czech Republic ($X), together comprising 45% of total imports. Taiwan (Chinese), China, the Netherlands, Germany, France, Poland, Thailand, Vietnam, Hong Kong SAR and Japan lagged somewhat behind, together comprising a further 42%.

Vietnam, with a CAGR of +128.2%, 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 radio navigation apparatus import price stood at $X per ton in 2021, jumping by 69% against the previous year. Overall, the import price posted a buoyant expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was the United States ($X per ton), while the price for Hong Kong SAR ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+16.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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