India: Radar Apparatus Market 2022

Radar Apparatus Market Size in India

In 2021, the Indian radar apparatus market decreased by -3.4% to $X for the first time since 2011, thus ending a nine-year rising trend. Over the period under review, consumption continues to indicate a prominent expansion. Radar apparatus consumption peaked at $X in 2020, and then declined modestly in the following year.

Radar Apparatus Production in India

In value terms, radar apparatus production declined slightly to $X in 2021 estimated in export price. Overall, production showed a prominent expansion. The pace of growth appeared the most rapid in 2015 with an increase of 22%. Over the period under review, production reached the maximum level at $X in 2020, and then contracted slightly in the following year.

Radar Apparatus Exports

Exports from India

In 2021, overseas shipments of radar apparatus increased by 104% to X tons, rising for the third consecutive year after two years of decline. Overall, exports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2013 when exports increased by 385% against the previous year. The exports peaked in 2021 and are likely to see gradual growth in the immediate term.

In value terms, radar apparatus exports skyrocketed to $X in 2021. In general, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2016 with an increase of 259%. The exports peaked in 2021 and are likely to see steady growth in years to come.

Exports by Country

Israel (X tons), Armenia (X tons) and France (X tons) were the main destinations of radar apparatus exports from India, with a combined 75% share of total exports.

From 2012 to 2021, the biggest increases were in Armenia (with a CAGR of +131.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Israel ($X) emerged as the key foreign market for radar apparatus exports from India, comprising 52% of total exports. The second position in the ranking was held by Armenia ($X), with a 20% share of total exports. It was followed by Myanmar, with an 8.8% share.

From 2012 to 2021, the average annual growth rate of value to Israel stood at +54.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Armenia (+121.9% per year) and Myanmar (+87.2% per year).

Export Prices by Country

The average radar apparatus export price stood at $X per kg in 2021, picking up by 29% against the previous year. Overall, the export price enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2017 an increase of 48%. The export price peaked in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Israel ($X per kg), while the average price for exports to France ($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 Seychelles (+32.8%), while the prices for the other major destinations experienced more modest paces of growth.

Radar Apparatus Imports

Imports into India

In 2021, purchases abroad of radar apparatus increased by 21% to X tons, rising for the fifth consecutive year after three years of decline. In general, imports saw prominent growth. The most prominent rate of growth was recorded in 2013 with an increase of 162% against the previous year. Imports peaked in 2021 and are expected to retain growth in the near future.

In value terms, radar apparatus imports surged to $X in 2021. Over the period under review, imports continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2017 with an increase of 147%. Over the period under review, imports attained the maximum in 2021 and are likely to continue growth in the near future.

Imports by Country

In 2021, Israel (X tons) constituted the largest supplier of radar apparatus to India, accounting for a 77% share of total imports. Moreover, radar apparatus imports from Israel exceeded the figures recorded by the second-largest supplier, the Czech Republic (X tons), eightfold. The United States (X tons) ranked third in terms of total imports with a 7.2% share.

From 2012 to 2021, the average annual growth rate of volume from Israel stood at +14.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (+1.9% per year) and the United States (+17.7% per year).

In value terms, Israel ($X) constituted the largest supplier of radar apparatus to India, comprising 77% of total imports. The second position in the ranking was taken by the Czech Republic ($X), with a 9.9% share of total imports. It was followed by the United States, with a 7.2% share.

From 2012 to 2021, the average annual growth rate of value from Israel totaled +17.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (+3.1% per year) and the United States (+19.1% per year).

Import Prices by Country

The average radar apparatus import price stood at $X per ton in 2021, picking up by 2.4% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.3%. The growth pace was the most rapid in 2015 an increase of 17%. The import price peaked at $X per ton in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, the highest price was recorded for prices from Israel ($X per ton) and the Czech Republic ($X per ton), while the price for the UK ($X per ton) and the United States ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Israel (+2.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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