Chile: Radar Apparatus Market 2024

Radar Apparatus Market Size in Chile

In 2022, the Chilean radar apparatus market increased by X% to $X, rising for the third year in a row after two years of decline. Over the period under review, consumption continues to indicate a pronounced setback. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Radar Apparatus Production in Chile

In value terms, radar apparatus production stood at $X in 2022 estimated in export price. Over the period under review, production, however, recorded a noticeable shrinkage. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Radar Apparatus Exports

Exports from Chile

After three years of growth, overseas shipments of radar apparatus, radio navigational aid apparatus and radio remote control apparatus decreased by X% to X units in 2022. Overall, exports, however, saw strong growth. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. The exports peaked at X units in 2021, and then dropped in the following year.

In value terms, radar apparatus exports soared to $X in 2022. In general, exports, however, recorded resilient growth. The pace of growth was the most pronounced in 2013 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

Peru (X units), Argentina (X units) and the United States (X units) were the main destinations of radar apparatus exports from Chile, with a combined X% share of total exports. Colombia, Paraguay, Bolivia, Brazil, Mexico, Ecuador, the Netherlands, Uruguay, India and Australia lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for radar apparatus exported from Chile were Peru ($X), Argentina ($X) and Ecuador ($X), together comprising X% of total exports. The United States, Colombia, the Netherlands, Paraguay, Australia, Bolivia, Mexico, Brazil, Uruguay and India lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, the Netherlands, with a CAGR of X%, saw 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 average radar apparatus export price stood at $X per unit in 2022, jumping by X% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2019 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Australia ($X per unit), while the average price for exports to India ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Australia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Radar Apparatus Imports

Imports into Chile

In 2022, approx. X units of radar apparatus, radio navigational aid apparatus and radio remote control apparatus were imported into Chile; waning by X% compared with the year before. Over the period under review, imports, however, enjoyed a moderate increase. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of X units, and then fell notably in the following year.

In value terms, radar apparatus imports rose notably to $X in 2022. Overall, total imports indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2017 indices. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

Imports by Country

China (X units), the United States (X units) and Vietnam (X units) were the main suppliers of radar apparatus imports to Chile, together accounting for X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest radar apparatus suppliers to Chile were China ($X), the United States ($X) and Lithuania ($X), with a combined X% share of total imports. Vietnam, Taiwan (Chinese), Spain, Italy, Sweden, Germany, Canada and Finland lagged somewhat behind, together accounting for a further X%.

Vietnam, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average radar apparatus import price amounted to $X per unit, rising by X% against the previous year. In general, the import price, however, saw a perceptible downturn. Over the period under review, average import prices hit record highs at $X per unit in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per unit), while the price for Vietnam ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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