Asia: Radar Apparatus Market 2022

Radar Apparatus Market Size in Asia

The Asian radar apparatus market rose rapidly to $X in 2021, surging by 5.1% against the previous year. The market value increased at an average annual rate of +1.3% over the period from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations being recorded 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

In value terms, radar apparatus production expanded modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.6% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2015 with an increase of 12%. As a result, production reached the peak level of $X. From 2016 to 2021, production growth failed to regain momentum.

Radar Apparatus Exports

Exports in Asia

In 2021, approx. X tons of radar apparatus were exported in Asia; picking up by 24% on the year before. Overall, exports enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2017 with an increase of 31% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to see steady growth in years to come.

In value terms, radar apparatus exports rose notably to $X in 2021. Over the period under review, exports continue to indicate strong growth. The growth pace was the most rapid in 2014 with an increase of 51%. Over the period under review, the exports reached the maximum in 2021 and are likely to see steady growth in years to come.

Exports by Country

In 2021, Japan (X tons) represented the key exporter of radar apparatus, mixing up 35% of total exports. Singapore (X tons) ranks second in terms of the total exports with a 19% share, followed by China (15%), South Korea (11%), Taiwan (Chinese) (9%) and Israel (6.7%).

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Singapore (with a CAGR of +23.3%), while the other leaders experienced more modest paces of growth.

In value terms, the largest radar apparatus supplying countries in Asia were Japan ($X), Singapore ($X) and China ($X), with a combined 70% share of total exports. These countries were followed by South Korea, Israel and Taiwan (Chinese), which together accounted for a further 16%.

In terms of the main exporting countries, South Korea, with a CAGR of +28.8%, recorded the highest rates of growth with regard to 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

The export price in Asia stood at $X per ton in 2021, waning by -7.2% against the previous year. Over the last nine years, it increased at an average annual rate of +2.5%. The most prominent rate of growth was recorded in 2014 an increase of 24%. The level of export peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices remained at a 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

For the eighth consecutive year, Asia recorded growth in supplies from abroad of radar apparatus, which increased by 25% to X tons in 2021. Overall, imports enjoyed a buoyant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, radar apparatus imports rose remarkably to $X in 2021. Over the period under review, imports recorded a remarkable increase. The most prominent rate of growth was recorded in 2016 when imports increased by 36% against the previous year. The level of import peaked at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Japan (X tons), China (X tons) and South Korea (X tons) was the main importer of radar apparatus in Asia, achieving 52% of total import. Thailand (X tons) held the next position in the ranking, followed by Nepal (X tons). All these countries together held approx. 13% share of total imports. Turkey (X tons), Indonesia (X tons), Saudi Arabia (X tons), Myanmar (X tons), Taiwan (Chinese) (X tons), the Philippines (X tons), India (X tons) and Vietnam (X tons) held a minor share of total imports.

From 2012 to 2021, the biggest increases were in Nepal (with a CAGR of +150.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), China ($X) and South Korea ($X) constituted the countries with the highest levels of imports in 2021, together comprising 64% of total imports. These countries were followed by Thailand, Saudi Arabia, Indonesia, Turkey, India, Taiwan (Chinese), the Philippines, Vietnam, Myanmar and Nepal, which together accounted for a further 24%.

Among the main importing countries, Nepal, with a CAGR of +84.2%, recorded 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

In 2021, the import price in Asia amounted to $X per ton, with a decrease of -15.4% against the previous year. Over the period under review, the import price continues to indicate a mild decline. The pace of growth was the most pronounced in 2016 when the import price increased by 30% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2018; however, from 2019 to 2021, import prices stood at a somewhat 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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