Jordan: Radar Apparatus Market 2024

Radar Apparatus Market Size in Jordan

The Jordanian radar apparatus market amounted to $X in 2022, with an increase of 3.3% against the previous year. Over the period under review, consumption, however, continues to indicate a slight shrinkage. Radar apparatus consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Radar Apparatus Production in Jordan

In value terms, radar apparatus production rose to $X in 2022 estimated in export price. In general, production, however, saw a slight downturn. The most prominent rate of growth was recorded in 2020 with an increase of 18%. Radar apparatus production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Radar Apparatus Exports

Exports from Jordan

Radar apparatus exports from Jordan fell markedly to X units in 2022, shrinking by -99.2% against 2021 figures. Overall, exports showed a sharp contraction. The pace of growth appeared the most rapid in 2021 with an increase of 1,484%. Over the period under review, the exports hit record highs at X units in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, radar apparatus exports declined significantly to $X in 2022. Over the period under review, exports faced a sharp descent. The pace of growth was the most pronounced in 2021 with an increase of 727%. Over the period under review, the exports reached the peak figure at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

Free Zones (X units) was the main destination for radar apparatus exports from Jordan, with a 68% share of total exports. Moreover, radar apparatus exports to Free Zones exceeded the volume sent to the second major destination, Yemen (X units), fourfold.

From 2012 to 2022, the average annual growth rate of volume to Free Zones totaled -21.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Yemen (0.0% per year) and the United States (-32.7% per year).

In value terms, Free Zones ($X) remains the key foreign market for radar apparatus, radio navigational aid apparatus and radio remote control apparatus exports from Jordan, comprising 75% of total exports. The second position in the ranking was held by Yemen ($X), with a 14% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Free Zones stood at -20.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Yemen (0.0% per year) and the United States (-13.7% per year).

Export Prices by Country

The average radar apparatus export price stood at $X per unit in 2022, increasing by 3.9% against the previous year. Over the period under review, the export price continues to indicate a mild expansion. The most prominent rate of growth was recorded in 2017 an increase of 586%. Over the period under review, the average export prices hit record highs at $X per unit in 2020; however, from 2021 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 Free Zones ($X per unit), while the average price for exports to Yemen ($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 the United States (+27.3%), while the prices for the other major destinations experienced mixed trend patterns.

Radar Apparatus Imports

Imports into Jordan

Radar apparatus imports into Jordan fell significantly to X units in 2022, with a decrease of -56.1% on the year before. In general, imports continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2017 with an increase of 149%. As a result, imports reached the peak of X units. From 2018 to 2022, the growth of imports failed to regain momentum.

In value terms, radar apparatus imports contracted rapidly to $X in 2022. Overall, imports continue to indicate a mild curtailment. The most prominent rate of growth was recorded in 2017 with an increase of 273%. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Lithuania (X units), China (X units) and the United States (X units) were the main suppliers of radar apparatus imports to Jordan, with a combined 74% share of total imports. Hong Kong SAR, Taiwan (Chinese), Tunisia and Norway lagged somewhat behind, together accounting for a further 17%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Hong Kong SAR (with a CAGR of +45.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest radar apparatus suppliers to Jordan were Lithuania ($X), the United States ($X) and China ($X), together comprising 85% of total imports. Taiwan (Chinese), Tunisia, Norway and Hong Kong SAR lagged somewhat behind, together comprising a further 7.1%.

Hong Kong SAR, with a CAGR of +31.5%, saw the highest rates of growth with regard to the value of imports, among the main suppliers 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, shrinking by -30.1% against the previous year. Over the period under review, the import price, however, recorded a strong increase. The pace of growth appeared the most rapid in 2020 when the average import price increased by 117%. Over the period under review, average import prices hit record highs at $X per unit in 2021, and then declined remarkably in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Lithuania ($X per unit), while the price for Hong Kong SAR ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lithuania (+19.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform