Puerto Rico: Radar Apparatus Market 2024

Radar Apparatus Market Size in Puerto Rico

In 2021, the Puerto Rican radar apparatus market was finally on the rise to reach $X for the first time since 2017, thus ending a three-year declining trend. Over the period under review, consumption, however, recorded a perceptible setback. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market remained at a lower figure.

Radar Apparatus Production in Puerto Rico

In value terms, radar apparatus production amounted to $X in 2021 estimated in export price. Over the period under review, production, however, saw a pronounced shrinkage. The pace of growth appeared the most rapid in 2017 with an increase of 36% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2021, production growth remained at a lower figure.

Radar Apparatus Exports

Exports from Puerto Rico

In 2021, radar apparatus exports from Puerto Rico amounted to less than X kg, stabilizing at the year before. Over the period under review, exports continue to indicate a relatively flat trend pattern.

In value terms, radar apparatus exports totaled less than $X in 2021. Overall, exports saw a relatively flat trend pattern.

Exports by Country

China represented the major exporting country with an export of around X tons, which reached 26% of total exports. Germany (X tons) held the second position in the ranking, followed by Taiwan (Chinese) (X tons), the Netherlands (X tons) and Hungary (X tons). All these countries together took approx. 24% share of total exports. The following exporters - Japan (X tons), Poland (X tons), Malaysia (X tons), South Korea (X tons), Mexico (X tons), Russia (X tons), the United States (X tons) and France (X tons) - together made up 24% of total exports.

From 2012 to 2021, average annual rates of growth with regard to radar apparatus exports from China stood at +11.3%. At the same time, Poland (+47.7%), Hungary (+34.7%), Malaysia (+17.1%) and Russia (+13.0%) displayed positive paces of growth. Moreover, Poland emerged as the fastest-growing exporter exported in the world, with a CAGR of +47.7% from 2012-2021. South Korea experienced a relatively flat trend pattern. By contrast, Germany (-2.2%), the Netherlands (-2.6%), Mexico (-3.7%), France (-4.1%), Taiwan (Chinese) (-6.3%), Japan (-8.3%) and the United States (-13.8%) illustrated a downward trend over the same period. From 2012 to 2021, the share of China, Hungary, Poland, Malaysia and Russia increased by +15, +5, +3.7, +2.7 and +1.6 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), Germany ($X) and the United States ($X) constituted the countries with the highest levels of exports in 2021, together accounting for 33% of total exports. France, the Netherlands, Hungary, Mexico, Japan, Taiwan (Chinese), Russia, Poland, Malaysia and South Korea lagged somewhat behind, together comprising a further 35%.

Among the main exporting countries, Poland, with a CAGR of +48.4%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in Puerto Rico amounted to less than $X per ton, almost unchanged from the previous year. Overall, the export price recorded a relatively flat trend pattern.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while China ($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 States (+15.8%), while the other leaders experienced more modest paces of growth.

Radar Apparatus Imports

Imports into Puerto Rico

In 2021, approx. less than X kg of radar apparatus, radio navigational aid apparatus and radio remote control apparatus were imported into Puerto Rico; leveling off at the previous year's figure. Over the period under review, imports continue to indicate a relatively flat trend pattern.

In value terms, radar apparatus imports totaled less than $X in 2021. In general, imports saw a relatively flat trend pattern.

Imports by Country

In 2021, the United States (X tons), distantly followed by Dominica (X tons), Japan (X tons), Germany (X tons) and the Netherlands (X tons) represented the largest importers of radar apparatus, radio navigational aid apparatus and radio remote control apparatus, together making up 45% of total imports. Italy (X tons), China (X tons), Brazil (X tons), Turkey (X tons), the UK (X tons), France (X tons), Spain (X tons) and South Korea (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Dominica (with a CAGR of +39.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constitutes the largest market for imported radar apparatus, radio navigational aid apparatus and radio remote control apparatus into Puerto Rico, comprising 17% of global imports. The second position in the ranking was taken by Japan ($X), with an 8.4% share of global imports. It was followed by Germany, with a 7% share.

From 2012 to 2021, the average annual growth rate of value in the United States totaled -2.8%. In the other countries, the average annual rates were as follows: Japan (+2.2% per year) and Germany (-5.9% per year).

Import Prices by Country

In 2021, the import price in Puerto Rico amounted to less than $X per ton, flattening at the previous year. Overall, the import price continues to indicate a relatively flat trend pattern.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was China ($X per ton), while Dominica ($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 UK (+6.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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