Australia: Radar Apparatus Market 2022

Radar Apparatus Market Size in Australia

The Australian radar apparatus market was finally on the rise to reach $X in 2021, after two years of decline. Overall, consumption, however, saw a perceptible downturn. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Radar Apparatus Production in Australia

In value terms, radar apparatus production rose notably to $X in 2021 estimated in export price. In general, production, however, showed a pronounced shrinkage. The pace of growth appeared the most rapid in 2017 with an increase of 19%. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Radar Apparatus Exports

Exports from Australia

In 2021, overseas shipments of radar apparatus decreased by -48.8% to X tons for the first time since 2017, thus ending a three-year rising trend. Overall, exports saw a perceptible slump. The most prominent rate of growth was recorded in 2013 when exports increased by 57% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, radar apparatus exports contracted sharply to $X in 2021. In general, total exports indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +7.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when exports increased by 65% against the previous year. The exports peaked at $X in 2020, and then fell markedly in the following year.

Exports by Country

The United States (X tons), New Zealand (X tons) and Indonesia (X tons) were the main destinations of radar apparatus exports from Australia, with a combined 50% share of total exports. France, Singapore, China, Vietnam, Papua New Guinea, the UK, South Africa and Brunei Darussalam lagged somewhat behind, together accounting for a further 39%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Vietnam (with a CAGR of +84.2%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for radar apparatus exports from Australia, comprising 42% of total exports. The second position in the ranking was held by France ($X), with a 13% share of total exports. It was followed by New Zealand, with a 9.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States totaled +16.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+21.7% per year) and New Zealand (+17.4% per year).

Export Prices by Country

In 2021, the average radar apparatus export price amounted to $X per ton, jumping by 51% against the previous year. Over the period under review, the export price posted a strong increase. The pace of growth appeared the most rapid in 2014 an increase of 91%. The export price peaked in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was the UK ($X per ton), while the average price for exports to Brunei Darussalam ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to China (+9.5%), while the prices for the other major destinations experienced more modest paces of growth.

Radar Apparatus Imports

Imports into Australia

In 2021, approx. X tons of radar apparatus were imported into Australia; increasing by 11% against the year before. In general, imports, however, showed a perceptible decrease. The pace of growth was the most pronounced in 2016 with an increase of 52%. As a result, imports attained the peak of X tons. From 2017 to 2021, the growth of imports failed to regain momentum.

In value terms, radar apparatus imports surged to $X in 2021. Overall, total imports indicated a pronounced expansion from 2012 to 2021: its value increased at an average annual rate of +4.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -6.7% against 2017 indices. Imports peaked at $X in 2017; however, from 2018 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Germany (X tons) constituted the largest radar apparatus supplier to Australia, accounting for a 59% share of total imports. Moreover, radar apparatus imports from Germany exceeded the figures recorded by the second-largest supplier, Spain (X tons), fivefold. The United States (X tons) ranked third in terms of total imports with a 6.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany totaled +19.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+5.4% per year) and the United States (-16.7% per year).

In value terms, the United States ($X) constituted the largest supplier of radar apparatus to Australia, comprising 50% of total imports. The second position in the ranking was taken by Germany ($X), with a 13% share of total imports. It was followed by Spain, with an 8.4% share.

From 2012 to 2021, the average annual growth rate of value from the United States stood at +4.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+21.7% per year) and Spain (+19.3% per year).

Import Prices by Country

The average radar apparatus import price stood at $X per ton in 2021, with an increase of 17% against the previous year. In general, import price indicated a remarkable increase from 2012 to 2021: its price increased at an average annual rate of +6.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, radar apparatus import price increased by +23.3% against 2015 indices. The most prominent rate of growth was recorded in 2015 when the average import price increased by 58%. The import price peaked in 2021 and is expected to retain growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+35.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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