Asia-Pacific: Radar Apparatus Market 2024

Radar Apparatus Market Size in Asia-Pacific

In 2022, the Asia-Pacific radar apparatus market increased by X% to $X, rising for the second consecutive year after three years of decline. Overall, consumption, however, showed a mild decline. The most prominent rate of growth was recorded in 2017 when the market value increased by X%. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market failed to regain momentum.

Radar Apparatus Production in Asia-Pacific

In value terms, radar apparatus production contracted modestly to $X in 2022 estimated in export price. In general, production, however, recorded a slight contraction. The most prominent rate of growth was recorded in 2017 with an increase of X%. As a result, production attained the peak level of $X. From 2018 to 2022, production growth remained at a lower figure.

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Radar Apparatus Exports

Exports in Asia-Pacific

In 2022, overseas shipments of radar apparatus, radio navigational aid apparatus and radio remote control apparatus increased by X% to X units, rising for the fourth consecutive year after two years of decline. Total exports indicated a resilient expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2018 indices. The pace of growth was the most pronounced in 2020 when exports increased by X% against the previous year. The volume of export peaked in 2022 and is expected to retain growth in years to come.

In value terms, radar apparatus exports expanded significantly to $X in 2022. Overall, exports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when exports increased by X%. As a result, the exports attained the peak of $X. From 2017 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

China prevails in exports structure, amounting to X units, which was near X% of total exports in 2022. Vietnam (X units) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Hong Kong SAR (X%), Taiwan (Chinese) (X%), South Korea (X%) and the Philippines (X%). Japan (X units) took a little share of total exports.

Exports from China increased at an average annual rate of X% from 2012 to 2022. At the same time, Vietnam (X%), the Philippines (X%) and South Korea (X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of X% from 2012-2022. Taiwan (Chinese) experienced a relatively flat trend pattern. By contrast, Hong Kong SAR (X%) and Japan (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China, Vietnam and the Philippines increased by X, X and X percentage points, respectively.

In value terms, China ($X) remains the largest radar apparatus supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a X% share of total exports. It was followed by Vietnam, with a X% share.

From 2012 to 2022, the average annual growth rate of value in China amounted to X%. In the other countries, the average annual rates were as follows: Taiwan (Chinese) (X% per year) and Vietnam (X% per year).

Export Prices by Country

In 2022, the export price in Asia-Pacific amounted to $X per unit, dropping by X% against the previous year. Over the period under review, the export price continues to indicate a deep contraction. The growth pace was the most rapid in 2017 an increase of X% against the previous year. Over the period under review, the export prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per unit), while China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (X%), while the other leaders experienced mixed trends in the export price figures.

Radar Apparatus Imports

Imports in Asia-Pacific

In 2022, overseas purchases of radar apparatus, radio navigational aid apparatus and radio remote control apparatus increased by X% to X units, rising for the second consecutive year after three years of decline. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2017 with an increase of X%. As a result, imports reached the peak of X units. From 2018 to 2022, the growth of imports failed to regain momentum.

In value terms, radar apparatus imports reached $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2019 when imports increased by X%. The level of import peaked in 2022 and is likely to see steady growth in years to come.

Imports by Country

China was the major importer of radar apparatus, radio navigational aid apparatus and radio remote control apparatus in Asia-Pacific, with the volume of imports accounting for X units, which was approx. X% of total imports in 2022. It was distantly followed by Japan (X units), Indonesia (X units), South Korea (X units), Hong Kong SAR (X units) and Australia (X units), together comprising a X% share of total imports. India (X units), Malaysia (X units), Taiwan (Chinese) (X units), Vietnam (X units) and Singapore (X units) followed a long way behind the leaders.

Imports into China increased at an average annual rate of X% from 2012 to 2022. At the same time, India (X%), Indonesia (X%), Vietnam (X%), Malaysia (X%) and South Korea (X%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of X% from 2012-2022. Singapore and Japan experienced a relatively flat trend pattern. By contrast, Hong Kong SAR (X%), Taiwan (Chinese) (X%) and Australia (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China, Indonesia, India and Vietnam increased by X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest radar apparatus importing markets in Asia-Pacific were Japan ($X), China ($X) and South Korea ($X), with a combined X% share of total imports. Australia, India, Singapore, Hong Kong SAR, Indonesia, Vietnam, Taiwan (Chinese) and Malaysia lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, India, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Asia-Pacific stood at $X per unit in 2022, reducing by X% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the import price increased by X%. The level of import peaked at $X per unit in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Japan ($X per unit), while Indonesia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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