Costa Rica: Radar Apparatus Market 2025

Radar Apparatus Market Size in Costa Rica

The Costa Rican radar apparatus market soared to $X in 2022, growing by 27% 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 saw a resilient increase. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market remained at a somewhat lower figure.

Radar Apparatus Exports

Exports from Costa Rica

In 2022, after two years of decline, there was significant growth in shipments abroad of radar apparatus, radio navigational aid apparatus and radio remote control apparatus, when their volume increased by 33% to X units. In general, exports saw a resilient expansion. The most prominent rate of growth was recorded in 2014 when exports increased by 367% against the previous year. Over the period under review, the exports reached the maximum at X units in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, radar apparatus exports reduced to $X in 2022. Overall, exports posted prominent growth. The most prominent rate of growth was recorded in 2014 when exports increased by 467% against the previous year. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X units) was the main destination for radar apparatus exports from Costa Rica, with a 67% share of total exports. Moreover, radar apparatus exports to the United States exceeded the volume sent to the second major destination, Panama (X units), ninefold. Israel (X units) ranked third in terms of total exports with a 6.4% share.

From 2012 to 2022, the average annual growth rate of volume to the United States totaled +27.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Panama (+37.2% per year) and Israel (+40.2% per year).

In value terms, the United States ($X) remains the key foreign market for radar apparatus, radio navigational aid apparatus and radio remote control apparatus exports from Costa Rica, comprising 89% of total exports. The second position in the ranking was held by Panama ($X), with a 2% share of total exports. It was followed by Colombia, with a 1.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States totaled +52.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Panama (+44.7% per year) and Colombia (+11.6% per year).

Export Prices by Country

The average radar apparatus export price stood at $X per unit in 2022, dropping by -32.3% against the previous year. Overall, the export price, however, saw a moderate expansion. The most prominent rate of growth was recorded in 2020 an increase of 125%. Over the period under review, the average export prices attained the maximum at $X per unit in 2021, and then declined remarkably in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Switzerland ($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 El Salvador (+20.3%), while the prices for the other major destinations experienced more modest paces of growth.

Radar Apparatus Imports

Imports into Costa Rica

In 2022, approx. X units of radar apparatus, radio navigational aid apparatus and radio remote control apparatus were imported into Costa Rica; with an increase of 36% compared with 2021 figures. Over the period under review, imports recorded resilient growth. The pace of growth appeared the most rapid in 2016 with an increase of 210% against the previous year. As a result, imports reached the peak of X units. From 2017 to 2022, the growth of imports remained at a lower figure.

In value terms, radar apparatus imports surged to $X in 2022. In general, imports recorded a measured increase. The pace of growth was the most pronounced in 2016 with an increase of 372%. As a result, imports attained the peak of $X. From 2017 to 2022, the growth of imports failed to regain momentum.

Imports by Country

China (X units), the United States (X units) and Taiwan (Chinese) (X units) were the main suppliers of radar apparatus imports to Costa Rica, with a combined 72% share of total imports. Italy, Lithuania, Mexico, Hong Kong SAR, Uruguay and Germany lagged somewhat behind, together comprising a further 20%.

From 2012 to 2022, the biggest increases were recorded for Lithuania (with a CAGR of +71.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest radar apparatus suppliers to Costa Rica were the United States ($X), China ($X) and Lithuania ($X), with a combined 59% share of total imports.

Among the main suppliers, Lithuania, with a CAGR of +68.2%, saw the highest growth rate of 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

The average radar apparatus import price stood at $X per unit in 2022, reducing by -12.1% against the previous year. Over the period under review, the import price recorded a noticeable contraction. The pace of growth appeared the most rapid in 2016 an increase of 52%. Over the period under review, average import prices reached the peak figure at $X per unit in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Hong Kong SAR ($X per unit), while the price for Uruguay ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+5.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform