Hong Kong SAR, China - Radar Apparatus, Radio Navigational Aid Apparatus And Radio Remote Control Apparatus - Market Analysis, Forecast, Size, Trends and Insights
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View PricingExport of Radar Equipment in Hong Kong Drastically Decreases to $15M in November 2023
Hong Kong Radar Apparatus Exports
Radar apparatus exports from Hong Kong contracted sharply to 481K units in November 2023, which is down by -85% against the previous month. In general, exports continue to indicate a deep downturn. The most prominent rate of growth was recorded in June 2023 when exports increased by 29% m-o-m. Over the period under review, the exports hit record highs at 4.1M units in July 2023; however, from August 2023 to November 2023, the exports remained at a lower figure.
In value terms, radar apparatus exports fell sharply to $15M (IndexBox estimates) in November 2023. Over the period under review, exports recorded a abrupt descent. The growth pace was the most rapid in March 2023 with an increase of 48% m-o-m. Over the period under review, the exports attained the peak figure at 34M units in November 2022; however, from December 2022 to November 2023, the exports failed to regain momentum.
| COUNTRY | Export Value of Radar Apparatus in Hong Kong (million USD) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 | Apr 2023 | May 2023 | Jun 2023 | Jul 2023 | Aug 2023 | Sep 2023 | Oct 2023 | Nov 2023 | |
| China | 5.6 | 4.5 | 2.5 | 2.4 | 4.7 | 4.4 | 3.9 | 3.1 | 6.2 | 5.5 | 4.6 | 4.2 | 2.5 |
| Austria | 2.8 | 1.9 | 1.0 | 0.2 | 0.3 | 2.6 | 2.4 | 2.1 | 2.6 | 2.5 | 2.3 | 1.7 | 2.4 |
| United States | 6.6 | 6.7 | 5.4 | 3.0 | 3.8 | 4.1 | 4.8 | 5.3 | 4.0 | 3.5 | 5.9 | 2.8 | 1.8 |
| Australia | 0.7 | 0.6 | 0.5 | 0.2 | 0.8 | 1.0 | 1.0 | 0.6 | 0.7 | 0.5 | 0.8 | 1.1 | 0.9 |
| Japan | 2.9 | 1.3 | 1.3 | 1.7 | 2.4 | 1.9 | 1.2 | 1.7 | 1.4 | 1.3 | 1.4 | 1.3 | 0.9 |
| Netherlands | 0.5 | 1.5 | 1.6 | 0.4 | 2.8 | 1.4 | 1.0 | 1.7 | 0.5 | 1.9 | 2.0 | 1.2 | 0.7 |
| Vietnam | 4.2 | 3.6 | 6.5 | 6.4 | 5.5 | 4.9 | 4.2 | 3.9 | 8.7 | 7.6 | 3.8 | 6.7 | < 0.1 |
| Others | 11.0 | 10.4 | 10.7 | 7.1 | 11.2 | 9.9 | 9.8 | 12.1 | 9.5 | 9.8 | 12.4 | 7.4 | 5.7 |
| Total | 34.3 | 30.5 | 29.6 | 21.5 | 31.7 | 30.3 | 28.3 | 30.5 | 33.6 | 32.6 | 33.1 | 26.4 | 14.8 |
Exports by Country
China (60K units), Austria (58K units) and the United States (57K units) were the main destinations of radar apparatus exports from Hong Kong, with a combined 36% share of total exports.
From November 2022 to November 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Austria (with a CAGR of -2.6%), while the other leaders experienced a decline.
In value terms, China ($2.5M), Austria ($2.4M) and the United States ($1.8M) were the largest markets for radar apparatus exported from Hong Kong worldwide, together comprising 45% of total exports. Australia, Japan, the Netherlands and Vietnam lagged somewhat behind, together comprising a further 17%.
the Netherlands, with a CAGR of +2.4%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.
Exports by Type
Radio navigational aid apparatus (481K units) was the largest type of radar apparatus exported from Hong Kong, with a approximately 100% share of total exports.
From November 2022 to November 2023, the average monthly rate of growth in terms of the volume of export of radio navigational aid apparatus stood at +2.0%.
In value terms, radio navigational aid apparatus ($15M) emerged as the largest type of radar apparatus exported from Hong Kong.
From November 2022 to November 2023, the average monthly growth rate of the export volume of radio navigational aid apparatus was relatively modest.
Export Prices by Country
In November 2023, the radar apparatus price stood at $30.8 per unit (FOB, Hong Kong), with an increase of 273% against the previous month. In general, the export price recorded a buoyant increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by the country of destination: the country with the highest price was the Netherlands ($55.1 per unit), while the average price for exports to India ($7.7 per unit) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to China (+13.2%), while the prices for the other major destinations experienced more modest paces of growth.
This report provides an in-depth analysis of the radar apparatus market in Hong Kong SAR, China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 26512020 - Radar apparatus
- Prodcom 26512050 - Radio navigational aid apparatus (including radio beacons and radio buoys, receivers, radio compasses equipped with multiple aerials or with a directional frame aerial)
- Prodcom 26512080 - Radio remote control apparatus (including for ships, pilotless aircraft, rockets, missiles, toys, and model ships or aircraft, for machines, for the detonation of mines)
Country coverage:
- Hong Kong SAR
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Hong Kong SAR, China
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2024
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2024
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2024
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Per Capita Consumption In 2012-2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
- Trade Balance, In Physical Terms, 2012-2024
- Trade Balance, In Value Terms, 2012-2024
- Per Capita Consumption, 2012-2024
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2024
- Production, In Value Terms, 2012–2024
- Imports, In Physical Terms, 2012–2024
- Imports, In Value Terms, 2012–2024
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, 2012–2024
- Exports, In Value Terms, 2012–2024
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
