Asia: Radar Apparatus Market 2024

Radar Apparatus Market Size in Asia

The Asian radar apparatus market fell modestly to $X in 2022, flattening at the previous year. Over the period under review, consumption, however, showed a slight decrease. The most prominent rate of growth was recorded in 2017 with an increase of X%. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Radar Apparatus Production in Asia

In value terms, radar apparatus production fell modestly to $X in 2022 estimated in export price. Overall, production, however, showed a mild slump. The growth pace was the most rapid in 2017 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Radar Apparatus Exports

Exports in Asia

In 2022, shipments abroad of radar apparatus, radio navigational aid apparatus and radio remote control apparatus increased by X% to X units, rising for the fourth year in a row after two years of decline. In general, exports saw buoyant growth. 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 likely to continue growth in the near future.

In value terms, radar apparatus exports stood at $X in 2022. Over the period under review, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

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

Exports from China increased at an average annual rate of X% from 2012 to 2022. At the same time, Vietnam (X%), Israel (X%), the Philippines (X%) and South Korea (X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in Asia, with a CAGR of X% from 2012-2022. Taiwan (Chinese) experienced a relatively flat trend pattern. By contrast, Hong Kong SAR (X%) illustrated a downward trend over the same period. While the share of China (X p.p.), Vietnam (X p.p.), Israel (X p.p.) and the Philippines (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of South Korea (X p.p.), Taiwan (Chinese) (X p.p.) and Hong Kong SAR (X p.p.) displayed negative dynamics.

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

From 2012 to 2022, the average annual rate of growth in terms of value in China totaled 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 amounted to $X per unit, which is down by X% against the previous year. In general, the export price showed a abrupt curtailment. The pace of growth appeared the most rapid in 2017 when the export price increased by X% against the previous year. Over the period under review, the export prices attained the maximum at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per unit), while China ($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

In 2022, purchases abroad of radar apparatus, radio navigational aid apparatus and radio remote control apparatus increased by X% to X units, rising for the third consecutive year after two years of decline. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 when imports increased by X%. As a result, imports attained the peak of X units. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, radar apparatus imports rose slightly to $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 throughout the analyzed period. The pace of growth appeared the most rapid in 2018 with an increase of X%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, China (X units), distantly followed by Turkey (X units), Japan (X units), Indonesia (X units), South Korea (X units) and Hong Kong SAR (X units) represented the key importers of radar apparatus, radio navigational aid apparatus and radio remote control apparatus, together making up X% of total imports. The following importers - India (X units), Malaysia (X units), Taiwan (Chinese) (X units), Vietnam (X units), Singapore (X units) and the United Arab Emirates (X units) - together made up X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by India (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), China ($X) and South Korea ($X) constituted the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Turkey, India, Singapore, Hong Kong SAR, Indonesia, the United Arab Emirates, Vietnam, Taiwan (Chinese) and Malaysia lagged somewhat behind, together comprising a further X%.

Among the main importing countries, India, with a CAGR of X%, recorded the highest growth rate of 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 stood at $X per unit in 2022, waning by X% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the import price increased by X% against the previous year. The level of import peaked at $X per unit in 2019; however, from 2020 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 Taiwan (Chinese) (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :