Eastern Asia: Radar Apparatus Market 2024

Radar Apparatus Market Size in Eastern Asia

The East Asian radar apparatus market reduced to $X in 2022, shrinking by X% against the previous year. Over the period under review, consumption, however, continues to indicate a mild decrease. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Radar Apparatus Production in Eastern Asia

In value terms, radar apparatus production shrank to $X in 2022 estimated in export price. In general, production, however, showed a mild setback. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Radar Apparatus Exports

Exports in Eastern Asia

In 2022, overseas shipments of radar apparatus, radio navigational aid apparatus and radio remote control apparatus increased by X% to X units, rising for the fourth year in a row after two years of decline. Total exports indicated strong growth from 2012 to 2022: its volume 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, exports increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, radar apparatus exports reduced to $X in 2022. Overall, exports, however, showed a perceptible decline. The most prominent rate of growth was recorded in 2016 when exports increased by X%. As a result, the exports reached the peak of $X. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

China dominates exports structure, recording X units, which was approx. X% of total exports in 2022. South Korea (X units) ranks second in terms of the total exports with a X% share, followed by Hong Kong SAR (X%). Japan (X units) followed a long way behind the leaders.

China was also the fastest-growing in terms of the radar apparatus, radio navigational aid apparatus and radio remote control apparatus exports, with a CAGR of X% from 2012 to 2022. South Korea experienced a relatively flat trend pattern. Hong Kong SAR (X%) and Japan (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China increased by X percentage points.

In value terms, China ($X) remains the largest radar apparatus supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was taken by Japan ($X), with a X% share of total exports. It was followed by South Korea, with a X% share.

In China, radar apparatus exports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Japan (X% per year) and South Korea (X% per year).

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per unit, waning by X% against the previous year. In general, the export price continues to indicate a deep contraction. The pace of growth was the most pronounced in 2018 an increase of X% against the previous year. The level of export peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Japan ($X per unit), while China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (X%), while the other leaders experienced mixed trends in the export price figures.

Radar Apparatus Imports

Imports in Eastern Asia

In 2022, after three years of growth, there was decline in supplies from abroad of radar apparatus, radio navigational aid apparatus and radio remote control apparatus, when their volume decreased by X% to X units. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The pace of growth was the most pronounced in 2017 with an increase of X%. Over the period under review, imports hit record highs at X units in 2021, and then dropped in the following year.

In value terms, radar apparatus imports contracted slightly to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2014 with an increase of X%. The level of import peaked at $X in 2021, and then shrank in the following year.

Imports by Country

China (X units) and Japan (X units) represented roughly X% of total imports in 2022. South Korea (X units) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Hong Kong SAR (X%).

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of X%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, the largest radar apparatus importing markets in Eastern Asia were Japan ($X), China ($X) and South Korea ($X), with a combined X% share of total imports.

In terms of the main importing countries, South Korea, with a CAGR of X%, 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

In 2022, the import price in Eastern Asia amounted to $X per unit, approximately mirroring the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2018 when the import price increased by X%. Over the period under review, import prices attained the peak figure at $X per unit in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Japan ($X per unit), while Hong Kong SAR ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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