Eastern Asia: Radar Apparatus Market 2024

Radar Apparatus Market Size in Eastern Asia

The East Asian radar apparatus market was estimated at $X in 2022, leveling off at the previous year. The total consumption indicated a measured increase from 2012 to 2022: its value 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, consumption increased by X% against 2019 indices. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Radar Apparatus Production in Eastern Asia

In value terms, radar apparatus production reached $X in 2022 estimated in export price. The total production indicated a slight increase from 2012 to 2022: its value 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, production increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2016 with an increase of X%. The level of production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Radar Apparatus Exports

Exports in Eastern 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 fifth consecutive year after three years of decline. Over the period under review, exports recorded resilient growth. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in years to come.

In value terms, radar apparatus exports amounted to $X in 2022. Overall, exports, however, saw a noticeable reduction. The level of export peaked at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

China represented the major exporter of radar apparatus, radio navigational aid apparatus and radio remote control apparatus in Eastern Asia, with the volume of exports resulting at X units, which was near X% of total exports in 2022. Hong Kong SAR (X units) held the second position in the ranking, distantly followed by Taiwan (Chinese) (X units). All these countries together held approx. X% share of total exports.

China was also the fastest-growing in terms of the radar apparatus, radio navigational aid apparatus and radio remote control apparatus exports, with a CAGR of X% from 2012 to 2022. Hong Kong SAR (X%) and Taiwan (Chinese) (X%) illustrated a downward trend over the same period. While the share of China (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Taiwan (Chinese) (X p.p.) and Hong Kong SAR (X p.p.) displayed negative dynamics.

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

In China, radar apparatus exports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Taiwan (Chinese) (X% per year) and Hong Kong SAR (X% per year).

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per unit, with a decrease of X% against the previous year. Overall, the export price continues to indicate a abrupt decline. The pace of growth was the most pronounced in 2016 an increase of X% against the previous year. The level of export peaked at $X per unit in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per unit), while Hong Kong SAR ($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 a decline in the export price figures.

Radar Apparatus Imports

Imports in Eastern Asia

In 2022, supplies from abroad of radar apparatus, radio navigational aid apparatus and radio remote control apparatus decreased by X% to X units for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, showed a resilient expansion. The most prominent rate of growth was recorded in 2014 when imports increased by X%. The volume of import peaked at X units in 2021, and then contracted in the following year.

In value terms, radar apparatus imports amounted 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 in certain years. The pace of growth was the most pronounced in 2014 when imports increased by X%. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Imports by Country

China was the largest importer of radar apparatus, radio navigational aid apparatus and radio remote control apparatus in Eastern Asia, with the volume of imports accounting for X units, which was near X% of total imports in 2022. Hong Kong SAR (X units) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Japan (X%), South Korea (X%) and Taiwan (Chinese) (X%).

From 2012 to 2022, the biggest increases were recorded for South Korea (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest radar apparatus importing markets in Eastern Asia were Japan ($X), China ($X) and South Korea ($X), with a combined X% share of total imports.

In terms of the main importing countries, South Korea, 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 Eastern Asia stood at $X per unit in 2022, surging by X% against the previous year. Over the period under review, the import price, however, saw a perceptible contraction. The most prominent rate of growth was recorded in 2018 an increase of X%. Over the period under review, import prices reached the peak figure at $X per unit in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was South Korea ($X per unit), while Hong Kong SAR ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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