New Zealand: Radar Apparatus Market 2024

Radar Apparatus Market Size in New Zealand

The New Zealand radar apparatus market expanded markedly to $X in 2022, with an increase of X% against the previous year. Over the period under review, consumption enjoyed strong growth. Over the period under review, the market attained the maximum level in 2022 and is likely to see steady growth in the near future.

Radar Apparatus Production in New Zealand

In value terms, radar apparatus production totaled $X in 2022 estimated in export price. In general, the total production indicated measured growth 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 decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

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Radar Apparatus Exports

Exports from New Zealand

In 2022, overseas shipments of radar apparatus increased by X% to X units, rising for the second year in a row after four years of decline. Over the period under review, exports, however, showed a abrupt shrinkage. The pace of growth was the most pronounced in 2016 when exports increased by X%. As a result, the exports reached the peak of X units. From 2017 to 2022, the growth of the exports remained at a lower figure.

In value terms, radar apparatus exports soared to $X in 2022. In general, exports, however, recorded a deep slump. The most prominent rate of growth was recorded in 2015 with an increase of X%. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X units) was the main destination for radar apparatus exports from New Zealand, with a X% share of total exports. Moreover, radar apparatus exports to the United States exceeded the volume sent to the second major destination, Australia (X units), eightfold. Mexico (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (X% per year) and Mexico (X% per year).

In value terms, the United States ($X) remains the key foreign market for radar apparatus exports from New Zealand, comprising X% of total exports. The second position in the ranking was held by Australia ($X), with a X% share of total exports. It was followed by Canada, with a X% share.

From 2012 to 2022, the average annual growth rate of value to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (X% per year) and Canada (X% per year).

Export Prices by Country

The average radar apparatus export price stood at $X per unit in 2022, with a decrease of X% against the previous year. Over the period under review, export price indicated a temperate increase from 2012 to 2022: its price 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. The most prominent rate of growth was recorded in 2017 when the average export price increased by X%. The export price peaked at $X per unit in 2021, and then declined remarkably in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($X per unit), while the average price for exports to Mexico ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (X%), while the prices for the other major destinations experienced more modest paces of growth.

Radar Apparatus Imports

Imports into New Zealand

Radar apparatus imports into New Zealand surged to X units in 2022, rising by X% against the previous year. Overall, imports recorded buoyant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, radar apparatus imports skyrocketed to $X in 2022. In general, imports continue to indicate a moderate increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, the Netherlands (X units) constituted the largest radar apparatus supplier to New Zealand, with a X% share of total imports. Moreover, radar apparatus imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Finland (X units), threefold. The third position in this ranking was taken by the United States (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from the Netherlands stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Finland (X% per year) and the United States (X% per year).

In value terms, the Netherlands ($X), the United States ($X) and the UK ($X) were the largest radar apparatus suppliers to New Zealand, together accounting for X% of total imports. Finland, the Philippines, Canada, South Korea, Mexico, Taiwan (Chinese), Germany, Japan and Australia lagged somewhat behind, together comprising a further X%.

Among the main suppliers, the Philippines, with a CAGR of X%, saw 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 average radar apparatus import price stood at $X per unit in 2022, waning by X% against the previous year. In general, the import price recorded a pronounced decline. The pace of growth was the most pronounced in 2019 when the average import price increased by X%. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 the United States ($X per unit), while the price for Finland ($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 prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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