Philippines: Radar Apparatus Market 2024

Radar Apparatus Market Size in the Philippines

The Philippine radar apparatus market stood at $X in 2022, approximately mirroring the previous year. In general, consumption saw buoyant growth. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Radar Apparatus Production in the Philippines

In value terms, radar apparatus production totaled $X in 2022 estimated in export price. Over the period under review, production saw a prominent expansion. The growth pace was the most rapid in 2019 when the production volume increased by X% against the previous year. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

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Radar Apparatus Exports

Exports from the Philippines

For the seventh consecutive year, the Philippines recorded growth in shipments abroad of radar apparatus, radio navigational aid apparatus and radio remote control apparatus, which increased by X% to X units in 2022. In general, exports enjoyed a remarkable increase. The pace of growth appeared the most rapid in 2016 with an increase of X%. Over the period under review, the exports attained the peak figure in 2022 and are likely to see steady growth in the near future.

In value terms, radar apparatus exports contracted to $X in 2022. Over the period under review, exports showed a significant expansion. The pace of growth was the most pronounced in 2017 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Japan (X units) was the main destination for radar apparatus exports from the Philippines, with a X% share of total exports. Moreover, radar apparatus exports to Japan exceeded the volume sent to the second major destination, China (X units), tenfold. 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 rate of growth in terms of volume to Japan stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (X% per year) and the United States (X% per year).

In value terms, Japan ($X) remains the key foreign market for radar apparatus, radio navigational aid apparatus and radio remote control apparatus exports from the Philippines, comprising X% of total exports. The second position in the ranking was held by China ($X), with a X% share of total exports. It was followed by the United States, with a X% share.

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

Export Prices by Country

In 2022, the average radar apparatus export price amounted to $X per unit, shrinking by X% against the previous year. Over the period under review, the export price, however, continues to indicate a resilient expansion. The growth pace was the most rapid in 2017 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Thailand ($X per unit), while the average price for exports to South Korea ($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 Germany (X%), while the prices for the other major destinations experienced more modest paces of growth.

Radar Apparatus Imports

Imports into the Philippines

In 2022, overseas purchases of radar apparatus, radio navigational aid apparatus and radio remote control apparatus were finally on the rise to reach X units after two years of decline. Overall, imports continue to indicate a strong increase. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, radar apparatus imports soared to $X in 2022. Over the period under review, imports showed a significant increase. The pace of growth was the most pronounced in 2017 with an increase of X%. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, South Korea (X units) constituted the largest radar apparatus supplier to the Philippines, with a X% share of total imports. Moreover, radar apparatus imports from South Korea exceeded the figures recorded by the second-largest supplier, Japan (X units), twofold. The third position in this ranking was held by Malaysia (X units), with an X% share.

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

In value terms, Japan ($X), South Korea ($X) and Israel ($X) appeared to be the largest radar apparatus suppliers to the Philippines, with a combined X% share of total imports.

In terms of the main suppliers, Israel, 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 average radar apparatus import price stood at $X per unit in 2022, declining by X% against the previous year. Overall, the import price, however, recorded buoyant growth. The growth pace was the most rapid in 2013 an increase of X%. As a result, import price reached the peak level of $X per unit. From 2014 to 2022, the average import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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