China: Radar Apparatus Market 2022

Radar Apparatus Market Size in China

After five years of decline, the Chinese radar apparatus market increased by 6.2% to $X in 2021. Overall, consumption, however, continues to indicate a slight contraction. As a result, consumption reached the peak level of $X. From 2016 to 2021, the growth of the market remained at a lower figure.

Radar Apparatus Production in China

In value terms, radar apparatus production rose sharply to $X in 2021 estimated in export price. In general, production, however, saw a slight downturn. The most prominent rate of growth was recorded in 2015 with an increase of 7.2% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2021, production growth failed to regain momentum.

Radar Apparatus Exports

Exports from China

In 2021, shipments abroad of radar apparatus increased by 31% to X tons, rising for the sixth consecutive year after three years of decline. Overall, exports posted strong growth. The growth pace was the most rapid in 2017 when exports increased by 94%. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in the near future.

In value terms, radar apparatus exports skyrocketed to $X in 2021. Over the period under review, exports saw strong growth. The most prominent rate of growth was recorded in 2017 with an increase of 121% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to see steady growth in the near future.

Exports by Country

Japan (X tons) was the main destination for radar apparatus exports from China, with a 50% share of total exports. Moreover, radar apparatus exports to Japan exceeded the volume sent to the second major destination, Thailand (X tons), fivefold. Germany (X tons) ranked third in terms of total exports with a 9% share.

From 2012 to 2021, the average annual growth rate of volume to Japan totaled +32.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (+80.4% per year) and Germany (+271.2% per year).

In value terms, Japan ($X) remains the key foreign market for radar apparatus exports from China, comprising 50% of total exports. The second position in the ranking was taken by Germany ($X), with a 17% share of total exports. It was followed by Thailand, with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Japan totaled +28.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+280.9% per year) and Thailand (+74.4% per year).

Export Prices by Country

The average radar apparatus export price stood at $X per ton in 2021, increasing by 11% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average export price increased by 26% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Germany ($X per ton), while the average price for exports to Mexico ($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 South Africa (+5.1%), while the prices for the other major destinations experienced more modest paces of growth.

Radar Apparatus Imports

Imports into China

In 2021, approx. X tons of radar apparatus were imported into China; growing by 44% compared with the year before. Overall, imports recorded a buoyant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, radar apparatus imports skyrocketed to $X in 2021. In general, imports saw a prominent expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Japan (X tons) constituted the largest supplier of radar apparatus to China, accounting for a 68% share of total imports. Moreover, radar apparatus imports from Japan exceeded the figures recorded by the second-largest supplier, Singapore (X tons), eightfold. The third position in this ranking was held by Germany (X tons), with an 8.1% share.

From 2012 to 2021, the average annual growth rate of volume from Japan totaled +16.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (+128.5% per year) and Germany (+31.8% per year).

In value terms, Japan ($X) constituted the largest supplier of radar apparatus to China, comprising 47% of total imports. The second position in the ranking was held by Germany ($X), with a 12% share of total imports. It was followed by Singapore, with a 7.6% share.

From 2012 to 2021, the average annual growth rate of value from Japan amounted to +15.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+40.5% per year) and Singapore (+131.8% per year).

Import Prices by Country

In 2021, the average radar apparatus import price amounted to $X per ton, picking up by 16% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.5%. The most prominent rate of growth was recorded in 2015 an increase of 28%. As a result, import price attained the peak level of $X per ton. From 2016 to 2021, the average import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Spain ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+17.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :