India: Radar Apparatus Market 2024

Radar Apparatus Market Size in India

The Indian radar apparatus market contracted slightly to $X in 2022, approximately mirroring the previous year. Over the period under review, consumption, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the market value increased by X% against the previous year. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market failed to regain momentum.

Radar Apparatus Production in India

In value terms, radar apparatus production reduced to $X in 2022 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2022, production growth remained at a somewhat lower figure.

Radar Apparatus Exports

Exports from India

In 2022, shipments abroad of radar apparatus, radio navigational aid apparatus and radio remote control apparatus increased by X% to X units, rising for the fifth consecutive year after four years of decline. Overall, exports posted significant growth. The most prominent rate of growth was recorded in 2019 when exports increased by X%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, radar apparatus exports rose remarkably to $X in 2022. In general, exports saw a significant expansion. The growth pace was the most rapid in 2017 with an increase of X%. The exports peaked in 2022 and are likely to continue growth in years to come.

Exports by Country

Hungary (X units) was the main destination for radar apparatus exports from India, accounting for a X% share of total exports. Moreover, radar apparatus exports to Hungary exceeded the volume sent to the second major destination, the United States (X units), fourfold. Singapore (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Hungary totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Singapore (X% per year).

In value terms, the largest markets for radar apparatus exported from India were Hungary ($X), Israel ($X) and the United States ($X), together comprising X% of total exports.

Hungary, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average radar apparatus export price amounted to $X per unit, with a decrease of X% against the previous year. Over the period under review, the export price, however, enjoyed prominent growth. The most prominent rate of growth was recorded in 2017 when the average export price increased by X%. Over the period under review, the average export prices reached the maximum at $X per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Israel ($X per unit), while the average price for exports to Singapore ($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 Italy (X%), while the prices for the other major destinations experienced more modest paces of growth.

Radar Apparatus Imports

Imports into India

In 2022, approx. X units of radar apparatus, radio navigational aid apparatus and radio remote control apparatus were imported into India; increasing by X% against the previous year. Overall, imports recorded a significant expansion. The pace of growth appeared the most rapid in 2015 when imports increased by X%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, radar apparatus imports fell modestly to $X in 2022. In general, imports posted significant growth. The growth pace was the most rapid in 2020 with an increase of X%. Imports peaked at $X in 2021, and then declined modestly in the following year.

Imports by Country

Israel (X units), China (X units) and Hong Kong SAR (X units) were the main suppliers of radar apparatus imports to India, with a combined X% share of total imports. Vietnam, South Korea, the United States, Lithuania, Taiwan (Chinese) and Germany lagged somewhat behind, together accounting for a further X%.

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

In value terms, the largest radar apparatus suppliers to India were Israel ($X), Vietnam ($X) and China ($X), with a combined X% share of total imports.

Among the main suppliers, Vietnam, with a CAGR of X%, recorded 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 average radar apparatus import price amounted to $X per unit, with a decrease of X% against the previous year. Overall, the import price showed a abrupt contraction. The most prominent rate of growth was recorded in 2013 when the average import price increased by X%. As a result, import price reached the peak level of $X per unit. From 2014 to 2022, the average import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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