Report Update: Apr 1, 2024

Republic of Korea - Radar Apparatus - Market Analysis, Forecast, Size, Trends And Insights

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Radar Apparatus Price in South Korea - 2022

Radar Apparatus Price in South Korea (CIF) - 2022

In 2022, the average radar apparatus import price amounted to $1,593 per unit, almost unchanged from the previous year. In general, import price indicated buoyant growth from 2012 to 2022: its price increased at an average annual rate of +6.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, radar apparatus import price increased by +73.6% against 2015 indices. The most prominent rate of growth was recorded in 2016 when the average import price increased by 32%. The import price peaked at $1,595 per unit in 2021, and then shrank modestly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Hungary ($1,718 per unit), while the price for Norway ($619 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+11.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Radar Apparatus Price in South Korea (FOB) - 2022

In December 2022, the average radar apparatus export price amounted to $495 per unit, picking up by 6.1% against the previous month. Overall, the export price, however, continues to indicate a slight shrinkage. The most prominent rate of growth was recorded in April 2022 when the average export price increased by 105% against the previous month. As a result, the export price reached the peak level of $930 per unit. From May 2022 to December 2022, the the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In December 2022, the country with the highest price was China ($1,093 per unit), while the average price for exports to Indonesia ($191 per unit) was amongst the lowest.

From December 2021 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (-0.0%), while the prices for the other major destinations experienced a decline.

Radar Apparatus Imports in South Korea

In 2022, the amount of radar apparatus imported into South Korea rose sharply to 496K units, increasing by 8.4% compared with 2021 figures. Over the period under review, imports, however, continue to indicate a noticeable setback. Imports peaked at 547K units in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, radar apparatus imports rose rapidly to $790M in 2022. The total import value increased at an average annual rate of +3.2% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 18% against the previous year. As a result, imports reached the peak of $850M. From 2021 to 2022, the growth of imports remained at a lower figure.

Import of Radar Apparatus in South Korea (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Singapore	122	126	126	122	0.0%
Germany	86.9	46.8	24.6	50.4	-16.6%
Hungary	24.1	31.6	25.6	25.9	2.4%
China	9.9	19.9	26.1	25.3	36.7%
Japan	45.5	18.1	10.3	23.5	-19.8%
France	8.1	3.4	5.6	5.5	-12.1%
Norway	1.9	2.4	5.0	4.9	37.1%
Others	420	602	507	532	8.2%
Total	718	850	730	790	3.2%

Top Suppliers of Radar Apparatus to South Korea in 2022:

Singapore (115.9K units)
Germany (39.5K units)
Japan (23.1K units)
China (18.4K units)
Hungary (15.1K units)
Norway (7.9K units)
France (7.4K units)

Radar Apparatus Exports in South Korea

In 2022, after three years of growth, there was significant decline in shipments abroad of radar apparatus, when their volume decreased by -6.8% to 383K units. The total export volume increased at an average annual rate of +4.5% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 15% against the previous year. As a result, the exports attained the peak of 411K units, and then declined in the following year.

In value terms, radar apparatus exports fell to $381M in 2022. Overall, exports recorded a noticeable descent. The growth pace was the most rapid in 2021 when exports increased by 27%. Over the period under review, the exports reached the peak figure at $428M in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Export of Radar Apparatus in South Korea (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	111	82.8	87.4	92.9	-5.8%
Slovakia	13.9	30.1	32.0	25.3	22.1%
Czech Republic	7.6	29.2	28.0	22.2	42.9%
Mexico	5.3	7.0	12.6	9.9	23.2%
Austria	0.5	0.9	11.1	8.8	160.1%
China	12.4	3.4	7.7	7.7	-14.7%
Saudi Arabia	0.1	0.3	3.3	2.6	196.2%
Slovenia	49.3	N/A	N/A	N/A	0%
Others	228	182	243	211	-2.5%
Total	428	336	425	381	-3.8%

Top Export Markets for Radar Apparatus from South Korea in 2022:

United States (91.8K units)
Czech Republic (26.7K units)
Slovakia (18.7K units)
Austria (13.5K units)
Mexico (12.0K units)
China (7.2K units)
Saudi Arabia (4.1K units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the radar apparatus market in Republic of Korea. 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:

South Korea

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Republic of Korea
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