Eastern Asia: Radar Apparatus Market 2025

Radar Apparatus Market Size in Eastern Asia

For the sixth year in a row, the East Asian radar apparatus market recorded decline in sales value, which decreased by -9.7% to $X in 2022. In general, consumption continues to indicate a pronounced descent. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Radar Apparatus Production in Eastern Asia

In value terms, radar apparatus production reached $X in 2022 estimated in export price. Overall, production, however, saw a pronounced reduction. The most prominent rate of growth was recorded in 2014 with an increase of 373% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

Radar Apparatus Exports

Exports in Eastern Asia

In 2022, shipments abroad of radar apparatus, radio navigational aid apparatus and radio remote control apparatus increased by 26% to X units, rising for the fifth year in a row after three years of decline. Overall, exports continue to indicate a temperate increase. The most prominent rate of growth was recorded in 2020 when exports increased by 42%. The volume of export peaked in 2022 and is expected to retain growth in the near future.

In value terms, radar apparatus exports expanded remarkably to $X in 2022. Over the period under review, exports, however, recorded a perceptible reduction. The growth pace was the most rapid in 2016 with an increase of 6.3%. As a result, the exports reached the peak of $X. From 2017 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

China prevails in exports structure, finishing at X units, which was near 76% of total exports in 2022. Taiwan (Chinese) (X units) took the second position in the ranking, followed by South Korea (X units) and Japan (X units). All these countries together took near 21% share of total exports. Hong Kong SAR (X units) took a little share of total exports.

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 +17.1% from 2012 to 2022. At the same time, South Korea (+3.3%) displayed positive paces of growth. By contrast, Taiwan (Chinese) (-7.0%), Hong Kong SAR (-7.6%) and Japan (-11.1%) illustrated a downward trend over the same period. China (+51 p.p.) significantly strengthened its position in terms of the total exports, while Hong Kong SAR, Japan and Taiwan (Chinese) saw its share reduced by -6.2%, -21.1% and -22.7% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest radar apparatus supplier in Eastern Asia, comprising 59% of total exports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 12% share of total exports. It was followed by South Korea, with a 12% share.

From 2012 to 2022, the average annual growth rate of value in China amounted to +2.7%. In the other countries, the average annual rates were as follows: Taiwan (Chinese) (-4.8% per year) and South Korea (+6.0% per year).

Export Prices by Country

The export price in Eastern Asia stood at $X per unit in 2022, which is down by -15.8% against the previous year. Over the period under review, the export price saw a abrupt downturn. The most prominent rate of growth was recorded in 2016 an increase of 21% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2017 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+4.4%), while the other leaders experienced more modest paces of growth.

Radar Apparatus Imports

Imports in Eastern Asia

In 2022, imports of radar apparatus, radio navigational aid apparatus and radio remote control apparatus in Eastern Asia amounted to X units, surging by 3.3% against the previous year. The total import volume increased at an average annual rate of +1.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 when imports increased by 19%. The volume of import peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, radar apparatus imports expanded slightly to $X in 2022. The total import value increased at an average annual rate of +3.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 when imports increased by 14%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in years to come.

Imports by Country

Japan was the key importing country with an import of around X units, which resulted at 47% of total imports. China (X units) ranks second in terms of the total imports with a 30% share, followed by South Korea (13%) and Hong Kong SAR (4.9%). Taiwan (Chinese) (X units) took a little share of total imports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +9.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), China ($X) and South Korea ($X) were the countries with the highest levels of imports in 2022, together accounting for 92% of total imports.

Among the main importing countries, South Korea, with a CAGR of +8.7%, saw the highest rates of growth with regard to 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 import price in Eastern Asia stood at $X per unit in 2022, stabilizing at the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.7%. The most prominent rate of growth was recorded in 2013 an increase of 14% against the previous year. Over the period under review, import prices attained the maximum at $X per unit in 2016; however, from 2017 to 2022, import prices remained at a 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 China ($X per unit), while Taiwan (Chinese) ($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 (+4.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform