Report Update: Apr 1, 2024

Singapore - Radar Apparatus - Market Analysis, Forecast, Size, Trends And Insights

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Radar Apparatus Price in Singapore - 2022

Radar Apparatus Price in Singapore (FOB) - 2022

In September 2022, the average radar apparatus export price amounted to $71.5 per unit, reducing by -4.7% against the previous month. Over the period under review, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in July 2022 when the average export price increased by 187% month-to-month. The export price peaked at $96.7 per unit in February 2022; however, from March 2022 to September 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In September 2022, the country with the highest price was the UK ($643 per unit), while the average price for exports to South Korea ($49.3 per unit) was amongst the lowest.

From September 2021 to September 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+23.1%), while the prices for the other major destinations experienced more modest paces of growth.

Radar Apparatus Price in Singapore (CIF) - 2022

In 2022, the average radar apparatus import price amounted to $885 per unit, reducing by -32.4% against the previous year. In general, the import price showed a perceptible setback. The pace of growth appeared the most rapid in 2015 an increase of 17% against the previous year. The import price peaked at $1,464 per unit in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Austria ($952 per unit) and the United States ($896 per unit), while the price for Spain ($702 per unit) and the Netherlands ($868 per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+2.5%), while the prices for the other major suppliers experienced a decline.

Radar Apparatus Exports in Singapore

In 2022, exports of radar apparatus from Singapore contracted remarkably to 434K units, falling by -48.6% against the year before. In general, exports showed a deep contraction. The most prominent rate of growth was recorded in 2021 when exports increased by 71% against the previous year. As a result, the exports reached the peak of 845K units, and then declined dramatically in the following year.

In value terms, radar apparatus exports reduced dramatically to $587M in 2022. Over the period under review, exports continue to indicate a abrupt setback. The pace of growth was the most pronounced in 2021 with an increase of 78%. As a result, the exports attained the peak of $1.1B, and then dropped remarkably in the following year.

Export of Radar Apparatus in Singapore (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
South Korea	199	162	217	283	12.5%
United States	46.6	31.6	55.5	92.9	25.9%
China	36.6	40.1	72.8	44.4	6.7%
Japan	17.2	16.7	29.3	34.2	25.7%
Netherlands	12.9	7.5	10.3	24.6	24.0%
Belgium	15.3	1.4	29.1	15.7	0.9%
Germany	4.8	4.8	15.6	15.4	47.5%
Indonesia	7.7	7.8	4.2	10.3	10.2%
Sweden	32.0	3.7	31.5	7.8	-37.5%
Mexico	0.2	3.2	4.1	7.0	227.1%
Others	435	340	631	51.7	-50.8%
Total	808	618	1,100	587	-10.1%

Top Export Markets for Radar Apparatus from Singapore in 2022:

South Korea (206.0K units)
United States (67.5K units)
China (32.3K units)
Japan (24.7K units)
Netherlands (18.8K units)
Belgium (15.5K units)
Sweden (7.7K units)
Indonesia (7.5K units)
Mexico (7.0K units)
Germany (7.0K units)

Radar Apparatus Imports in Singapore

In 2022, the amount of radar apparatus imported into Singapore rose slightly to 107K units, with an increase of 4.4% against 2021. The total import volume increased at an average annual rate of +1.0% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 12%. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the immediate term.

In value terms, radar apparatus imports declined significantly to $95M in 2022. Over the period under review, imports, however, recorded a deep contraction. The pace of growth appeared the most rapid in 2021 with an increase of 12%. Over the period under review, imports reached the maximum at $141M in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Import of Radar Apparatus in Singapore (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	45.0	31.5	38.2	66.2	13.7%
France	6.0	6.0	4.3	4.7	-7.8%
Spain	N/A	N/A	N/A	4.0	0%
China	1.7	4.5	2.8	3.3	24.7%
Germany	3.9	4.7	4.7	2.2	-17.4%
Malaysia	1.1	1.1	1.0	2.1	24.1%
Austria	0.1	0.1	0.5	2.0	171.4%
Japan	3.3	2.9	1.1	1.2	-28.6%
United Kingdom	2.2	1.1	4.6	1.2	-18.3%
Others	77.8	68.4	77.2	7.9	-53.3%
Total	141	120	134	94.8	-12.4%

Top Suppliers of Radar Apparatus to Singapore in 2022:

United States (73.9K units)
Spain (5.7K units)
France (5.2K units)
China (3.6K units)
Malaysia (2.4K units)
Germany (2.4K units)
Austria (2.1K units)
United Kingdom (1.4K units)
Japan (1.3K units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the radar apparatus market in Singapore. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 26512020 - Radar apparatus

Country coverage:

Singapore

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Singapore
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023