GCC: Radar Apparatus Market 2024

Radar Apparatus Market Size in GCC

The GCC radar apparatus market totaled $X in 2022, approximately mirroring the previous year. Over the period under review, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Radar Apparatus Production in GCC

In value terms, radar apparatus production reduced to $X in 2022 estimated in export price. The total production indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by +0.9% against 2020 indices. The pace of growth was the most pronounced in 2017 with an increase of 43%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Radar Apparatus Exports

Exports in GCC

In 2022, the amount of radar apparatus, radio navigational aid apparatus and radio remote control apparatus exported in GCC declined markedly to X units, waning by -45.3% compared with the year before. Over the period under review, exports continue to indicate a abrupt descent. The pace of growth appeared the most rapid in 2021 with an increase of 165%. The volume of export peaked at X units in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, radar apparatus exports plummeted to $X in 2022. Overall, exports, however, saw a resilient increase. The growth pace was the most rapid in 2021 when exports increased by 204% against the previous year. As a result, the exports attained the peak of $X, and then contracted significantly in the following year.

Exports by Country

The United Arab Emirates represented the largest exporting country with an export of about X units, which resulted at 83% of total exports. It was distantly followed by Saudi Arabia (X units), making up a 10% share of total exports. Oman (X units) and Bahrain (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to radar apparatus exports from the United Arab Emirates stood at -4.8%. Oman (-3.0%), Saudi Arabia (-3.2%) and Bahrain (-6.9%) illustrated a downward trend over the same period. The United Arab Emirates (+3.8 p.p.) and Saudi Arabia (+2 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) remains the largest radar apparatus supplier in GCC, comprising 83% of total exports. The second position in the ranking was held by Saudi Arabia ($X), with a 9% share of total exports. It was followed by Oman, with a 3.9% share.

In the United Arab Emirates, radar apparatus exports increased at an average annual rate of +8.6% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Saudi Arabia (+1.8% per year) and Oman (+8.1% per year).

Export Prices by Country

In 2022, the export price in GCC amounted to $X per unit, increasing by 14% against the previous year. Overall, the export price recorded a buoyant expansion. The growth pace was the most rapid in 2019 when the export price increased by 129% against the previous year. Over the period under review, the export prices hit record highs in 2022 and is expected to retain growth in the immediate term.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Oman ($X per unit) and the United Arab Emirates ($X per unit), while Bahrain ($X per unit) and Saudi Arabia ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+14.1%), while the other leaders experienced more modest paces of growth.

Radar Apparatus Imports

Imports in GCC

In 2022, radar apparatus imports in GCC fell to X units, reducing by -5.9% compared with the previous year's figure. Overall, imports saw a abrupt downturn. The most prominent rate of growth was recorded in 2021 with an increase of 36%. The volume of import peaked at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, radar apparatus imports dropped sharply to $X in 2022. Over the period under review, imports recorded a deep contraction. The pace of growth appeared the most rapid in 2016 with an increase of 114% against the previous year. The level of import peaked at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

The United Arab Emirates represented the largest importing country with an import of about X units, which resulted at 73% of total imports. Kuwait (X units) held a 16% share (based on physical terms) of total imports, which put it in second place, followed by Oman (9.6%). Bahrain (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to radar apparatus imports into the United Arab Emirates stood at -7.9%. At the same time, Kuwait (+11.0%) and Oman (+6.8%) displayed positive paces of growth. Moreover, Kuwait emerged as the fastest-growing importer imported in GCC, with a CAGR of +11.0% from 2012-2022. By contrast, Bahrain (-16.8%) illustrated a downward trend over the same period. Kuwait (+13 p.p.) and Oman (+6.9 p.p.) significantly strengthened its position in terms of the total imports, while Bahrain and the United Arab Emirates saw its share reduced by -3.7% and -16.1% from 2012 to 2022, respectively.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported radar apparatus, radio navigational aid apparatus and radio remote control apparatus in GCC, comprising 54% of total imports. The second position in the ranking was taken by Oman ($X), with a 10% share of total imports. It was followed by Kuwait, with a 3.1% share.

From 2012 to 2022, the average annual growth rate of value in the United Arab Emirates totaled -8.0%. The remaining importing countries recorded the following average annual rates of imports growth: Oman (+15.3% per year) and Kuwait (+1.1% per year).

Import Prices by Country

In 2022, the import price in GCC amounted to $X per unit, waning by -11.2% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 85% against the previous year. Over the period under review, import prices attained the peak figure at $X per unit in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

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 Oman ($X per unit), while Kuwait ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bahrain (+9.5%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform