Asia-Pacific: Radar Apparatus Market 2022

Radar Apparatus Market Size in Asia-Pacific

The Asia-Pacific radar apparatus market expanded slightly to $X in 2021, picking up by 3.1% against the previous year. The market value increased at an average annual rate of +2.5% from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. As a result, consumption attained the peak level of $X. From 2016 to 2021, the growth of the market remained at a lower figure.

Radar Apparatus Production in Asia-Pacific

In value terms, radar apparatus production amounted to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.8% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations in certain years. The growth pace was the most rapid in 2015 with an increase of 15% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Radar Apparatus Exports

Exports in Asia-Pacific

In 2021, overseas shipments of radar apparatus were finally on the rise to reach X tons after two years of decline. Over the period under review, exports saw buoyant growth. The most prominent rate of growth was recorded in 2017 when exports increased by 31% against the previous year. Over the period under review, the exports reached the maximum in 2021 and are likely to see gradual growth in the immediate term.

In value terms, radar apparatus exports soared to $X in 2021. In general, exports showed a strong expansion. The most prominent rate of growth was recorded in 2017 when exports increased by 41%. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in the near future.

Exports by Country

Japan represented the major exporting country with an export of about X tons, which accounted for 38% of total exports. Singapore (X tons) ranks second in terms of the total exports with a 20% share, followed by China (16%), South Korea (12%) and Taiwan (Chinese) (9.7%).

From 2012 to 2021, the biggest increases were in Singapore (with a CAGR of +23.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), Singapore ($X) and China ($X) appeared to be the countries with the highest levels of exports in 2021, together comprising 73% of total exports. These countries were followed by South Korea and Taiwan (Chinese), which together accounted for a further 12%.

South Korea, with a CAGR of +28.8%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2021, remaining relatively unchanged against the previous year. Over the last nine-year period, it increased at an average annual rate of +3.0%. The most prominent rate of growth was recorded in 2016 an increase of 21%. The level of export peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Singapore ($X per ton), while Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+5.0%), while the other leaders experienced more modest paces of growth.

Radar Apparatus Imports

Imports in Asia-Pacific

In 2021, the amount of radar apparatus imported in Asia-Pacific soared to X tons, with an increase of 24% compared with 2020. Over the period under review, imports recorded a prominent expansion. The growth pace was the most rapid in 2015 when imports increased by 31%. The volume of import peaked in 2021 and is expected to retain growth in years to come.

In value terms, radar apparatus imports amounted to $X in 2021. In general, imports saw a buoyant increase. The most prominent rate of growth was recorded in 2017 with an increase of 33%. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in years to come.

Imports by Country

The purchases of the three major importers of radar apparatus, namely Japan, China and South Korea, represented more than half of total import. Thailand (X tons) took the next position in the ranking, followed by Nepal (X tons) and Indonesia (X tons). All these countries together took approx. 19% share of total imports. Myanmar (X tons), Taiwan (Chinese) (X tons), the Philippines (X tons), India (X tons), Vietnam (X tons) and Hong Kong SAR (X tons) held a relatively small share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Nepal (with a CAGR of +150.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), China ($X) and South Korea ($X) were the countries with the highest levels of imports in 2021, with a combined 70% share of total imports. Thailand, Indonesia, India, Taiwan (Chinese), the Philippines, Vietnam, Hong Kong SAR, Myanmar and Nepal lagged somewhat behind, together accounting for a further 20%.

Nepal, with a CAGR of +84.2%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Asia-Pacific amounted to $X per ton, dropping by -15.5% against the previous year. In general, the import price saw a mild decrease. The most prominent rate of growth was recorded in 2018 an increase of 14%. As a result, import price reached the peak level of $X per ton. From 2019 to 2021, the import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Japan ($X per ton), while Nepal ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+5.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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