Asia: Radio Navigation Apparatus Market 2024

Radio Navigation Apparatus Market Size in Asia

The Asian radio navigation apparatus market rose rapidly to $X in 2021, picking up by 5.9% against the previous year. The market value increased at an average annual rate of +2.2% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Radio Navigation Apparatus Production in Asia

In value terms, radio navigation apparatus production expanded significantly to $X in 2021 estimated in export price. In general, production, however, saw a relatively flat trend pattern. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

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Radio Navigation Apparatus Exports

Exports in Asia

In 2021, after four years of decline, there was significant growth in shipments abroad of radio navigational aid apparatus, when their volume increased by 14% to X tons. Over the period under review, exports, however, continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2015 with an increase of 28%. The volume of export peaked at X tons in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, radio navigation apparatus exports reached $X in 2021. In general, exports, however, saw a abrupt setback. The growth pace was the most rapid in 2015 when exports increased by 15%. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

China (X tons), Taiwan (Chinese) (X tons) and Malaysia (X tons) represented roughly 70% of total exports in 2021. Japan (X tons) held a 7.8% share (based on physical terms) of total exports, which put it in second place, followed by South Korea (7.4%) and Vietnam (5.5%). Indonesia (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Vietnam (with a CAGR of +42.7%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, China ($X) remains the largest radio navigation apparatus supplier in Asia, comprising 34% of total exports. The second position in the ranking was taken by Malaysia ($X), with a 16% share of total exports. It was followed by Taiwan (Chinese), with a 16% share.

In China, radio navigation apparatus exports shrank by an average annual rate of -10.0% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Malaysia (+10.6% per year) and Taiwan (Chinese) (-6.1% per year).

Export Prices by Country

In 2021, the export price in Asia amounted to $X per ton, leveling off at the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the export price increased by 12%. The level of export peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Vietnam ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+3.1%), while the other leaders experienced mixed trends in the export price figures.

Radio Navigation Apparatus Imports

Imports in Asia

In 2021, the amount of radio navigational aid apparatus imported in Asia amounted to X tons, picking up by 14% against the previous year's figure. Over the period under review, imports saw a relatively flat trend pattern. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, radio navigation apparatus imports surged to $X in 2021. The total import value increased at an average annual rate of +2.6% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2019 when imports increased by 21% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to see gradual growth in years to come.

Imports by Country

Japan was the key importer of radio navigational aid apparatus in Asia, with the volume of imports finishing at X tons, which was approx. 49% of total imports in 2021. China (X tons) held the second position in the ranking, followed by Hong Kong SAR (X tons) and Turkey (X tons). All these countries together held near 27% share of total imports. India (X tons), South Korea (X tons), Vietnam (X tons), the United Arab Emirates (X tons), Israel (X tons) and Indonesia (X tons) held a relatively small share of total imports.

Japan experienced a relatively flat trend pattern with regard to volume of imports of radio navigational aid apparatus. At the same time, Vietnam (+35.3%), India (+26.0%), Israel (+10.1%), Turkey (+4.0%), Indonesia (+2.6%), Hong Kong SAR (+1.9%) and China (+1.8%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing importer imported in Asia, with a CAGR of +35.3% from 2012-2021. By contrast, the United Arab Emirates (-6.2%) and South Korea (-6.3%) illustrated a downward trend over the same period. While the share of India (+3.1 p.p.), Vietnam (+2.4 p.p.), Turkey (+1.7 p.p.) and China (+1.5 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of the United Arab Emirates (-2.2 p.p.), South Korea (-2.7 p.p.) and Japan (-5.1 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Japan ($X), China ($X) and Hong Kong SAR ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined 62% share of total imports. India, Turkey, South Korea, the United Arab Emirates, Vietnam, Israel and Indonesia lagged somewhat behind, together comprising a further 28%.

India, with a CAGR of +34.4%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Asia amounted to $X per ton, with an increase of 5.6% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.2%. The pace of growth was the most pronounced in 2019 when the import price increased by 12% against the previous year. As a result, import price reached the peak level of $X per ton. From 2020 to 2021, the import prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was India ($X per ton), while Japan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+14.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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