Colombia: Radar Apparatus Market 2022

Radar Apparatus Market Size in Colombia

The Colombian radar apparatus market surged to $X in 2021, with an increase of 32% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, recorded a abrupt decrease. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Radar Apparatus Exports

Exports from Colombia

After three years of growth, overseas shipments of radar apparatus decreased by -43.4% to X tons in 2021. Overall, exports faced a abrupt slump. The pace of growth appeared the most rapid in 2016 with an increase of 558% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, radar apparatus exports skyrocketed to $X in 2021. Over the period under review, exports saw a deep setback. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Chile (X kg) was the main destination for radar apparatus exports from Colombia, with a 74% share of total exports. Moreover, radar apparatus exports to Chile exceeded the volume sent to the second major destination, South Korea (X kg), sixfold. The third position in this ranking was held by Canada (X kg), with a 7.5% share.

From 2012 to 2021, the average annual growth rate of volume to Chile amounted to +71.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (0.0% per year) and Canada (-13.0% per year).

In value terms, South Korea ($X) emerged as the key foreign market for radar apparatus exports from Colombia, comprising 87% of total exports. The second position in the ranking was held by Chile ($X), with a 10% share of total exports. It was followed by Finland, with a 1.9% share.

From 2012 to 2021, the average annual growth rate of value to South Korea was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (+48.2% per year) and Finland (0.0% per year).

Export Prices by Country

In 2021, the average radar apparatus export price amounted to $X per kg, increasing by 1,289% against the previous year. Overall, the export price saw a prominent increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was South Korea ($X per kg), while the average price for exports to Canada ($X per kg) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (+21.1%), while the prices for the other major destinations experienced mixed trend patterns.

Radar Apparatus Imports

Imports into Colombia

In 2021, the amount of radar apparatus imported into Colombia skyrocketed to X tons, with an increase of 29% compared with 2020 figures. Over the period under review, imports, however, showed a abrupt curtailment. The most prominent rate of growth was recorded in 2014 when imports increased by 284% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, radar apparatus imports expanded modestly to $X in 2021. Overall, imports, however, saw a abrupt curtailment. The pace of growth appeared the most rapid in 2014 when imports increased by 323% against the previous year. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

The Czech Republic (X tons), China (X tons) and the United States (X tons) were the main suppliers of radar apparatus imports to Colombia, with a combined 79% share of total imports. Germany, Japan, the UK, Australia, Italy, France and Denmark lagged somewhat behind, together comprising a further 17%.

From 2012 to 2021, the biggest increases were in the UK (with a CAGR of +34.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest radar apparatus suppliers to Colombia were the Czech Republic ($X), the United States ($X) and Australia ($X), together comprising 66% of total imports. China, Denmark, France, Japan, Germany, the UK and Italy lagged somewhat behind, together comprising a further 28%.

The UK, with a CAGR of +30.2%, 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 2021, the average radar apparatus import price amounted to $X per ton, with a decrease of -19.9% against the previous year. In general, the import price showed a abrupt slump. The most prominent rate of growth was recorded in 2015 when the average import price increased by 43%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+37.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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