Report Update Nov 1, 2024

Latin America and the Caribbean - Radar Apparatus - Market Analysis, Forecast, Size, Trends and Insights

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Latin America and the Caribbean: Radar Apparatus Market 2022

Radar Apparatus Market Size in Latin America and the Caribbean

In 2021, the Latin American radar apparatus market was finally on the rise to reach $X after five years of decline. In general, consumption, however, showed a noticeable curtailment. The level of consumption peaked at $X in 2015; however, from 2016 to 2021, consumption remained at a lower figure.

Radar Apparatus Production in Latin America and the Caribbean

In value terms, radar apparatus production expanded sharply to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a pronounced shrinkage. The pace of growth was the most pronounced in 2015 when the production volume increased by 11%. As a result, production attained the peak level of $X. From 2016 to 2021, production growth remained at a somewhat lower figure.

Radar Apparatus Exports

Exports in Latin America and the Caribbean

In 2021, overseas shipments of radar apparatus decreased by less than 0.1% to X tons, falling for the third consecutive year after two years of growth. Over the period under review, exports showed a noticeable shrinkage. The pace of growth was the most pronounced in 2017 with an increase of 42% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, radar apparatus exports expanded markedly to $X in 2021. In general, exports saw a perceptible decrease. The most prominent rate of growth was recorded in 2018 with an increase of 48%. As a result, the exports reached the peak of $X. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Mexico dominates exports structure, reaching X tons, which was near 93% of total exports in 2021. Ecuador (X tons) and Costa Rica (X tons) took a little share of total exports.

From 2012 to 2021, average annual rates of growth with regard to radar apparatus exports from Mexico stood at -2.7%. At the same time, Costa Rica (+81.9%) and Ecuador (+14.8%) displayed positive paces of growth. Moreover, Costa Rica emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of +81.9% from 2012-2021. Ecuador (+2 p.p.) and Costa Rica (+1.6 p.p.) significantly strengthened its position in terms of the total exports, while Mexico saw its share reduced by -3.3% from 2012 to 2021, respectively.

In value terms, Mexico ($X) remains the largest radar apparatus supplier in Latin America and the Caribbean, comprising 93% of total exports. The second position in the ranking was held by Costa Rica ($X), with a 0.5% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in Mexico amounted to -3.6%. The remaining exporting countries recorded the following average annual rates of exports growth: Costa Rica (+71.1% per year) and Ecuador (+1.3% per year).

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2021, rising by 10% against the previous year. Over the period under review, the export price, however, recorded a slight shrinkage. Over the period under review, the export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Mexico ($X per ton), while Ecuador ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (-0.9%), while the other leaders experienced a decline in the export price figures.

Radar Apparatus Imports

Imports in Latin America and the Caribbean

In 2021, the amount of radar apparatus imported in Latin America and the Caribbean soared to X tons, with an increase of 21% on the previous year. Over the period under review, imports saw a significant expansion. The growth pace was the most rapid in 2014 when imports increased by 91% against the previous year. The volume of import peaked in 2021 and is likely to see gradual growth in the near future.

In value terms, radar apparatus imports contracted to $X in 2021. Overall, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by 72%. The level of import peaked at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

Dominica prevails in imports structure, reaching X tons, which was near 92% of total imports in 2021. Mexico (X tons) took a minor share of total imports.

Dominica was also the fastest-growing in terms of the radar apparatus imports, with a CAGR of +38.7% from 2012 to 2021. At the same time, Mexico (+6.3%) displayed positive paces of growth. Dominica (+48 p.p.) significantly strengthened its position in terms of the total imports, while Mexico saw its share reduced by -16.3% from 2012 to 2021, respectively.

In value terms, Mexico ($X) constitutes the largest market for imported radar apparatus in Latin America and the Caribbean, comprising 55% of total imports. The second position in the ranking was held by Dominica ($X), with a 0.1% share of total imports.

In Mexico, radar apparatus imports increased at an average annual rate of +3.9% over the period from 2012-2021.

Import Prices by Country

In 2021, the import price in Latin America and the Caribbean amounted to $X per ton, with a decrease of -29% against the previous year. Overall, the import price showed a dramatic contraction. The most prominent rate of growth was recorded in 2017 an increase of 33%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Mexico ($X per ton), while Dominica totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (-2.2%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for radar apparatus in Latin America and the Caribbean?

El Salvador remains the largest radar apparatus consuming country in Latin America and the Caribbean, comprising approx. 38% of total volume. Moreover, radar apparatus consumption in El Salvador exceeded the figures recorded by the second-largest consumer, Brazil, threefold. Colombia ranked third in terms of total consumption with a 10% share.

What are the largest producers of radar apparatus in Latin America and the Caribbean?

The country with the largest volume of radar apparatus production was Dominica, comprising approx. 81% of total volume. Moreover, radar apparatus production in Dominica exceeded the figures recorded by the second-largest producer, Panama, fivefold.

What are the leading importers of radar apparatus in Latin America and the Caribbean?

In value terms, Mexico constitutes the largest market for imported radar apparatus in Latin America and the Caribbean, comprising 48% of total imports. The second position in the ranking was occupied by Bolivia, with a 12% share of total imports. It was followed by Brazil, with a 12% share.

What is the average export price for radar apparatus in Latin America and the Caribbean?

In 2021, the e in Latin America and the Caribbean amounted to $225 per unit, with an increase of 8.3% against the previous year.

What is the average import price for radar apparatus in Latin America and the Caribbean?

The import price in Latin America and the Caribbean stood at $288 per unit in 2021, surging by 11% against the previous year.

This report provides an in-depth analysis of the radar apparatus market in Latin America and the Caribbean. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 26512020 - Radar apparatus

Country coverage:

Anguilla
Antigua and Barbuda
Argentina
Aruba
Bahamas
Barbados
Belize
Bolivia
Brazil
British Virgin Islands
Cayman Islands
Chile
Colombia
Costa Rica
Cuba
Curacao
Dominica
Dominican Republic
Ecuador
El Salvador
Falkland Islands (Malvinas)
French Guiana
Grenada
Guadeloupe
Guatemala
Guyana
Haiti
Honduras
Jamaica
Martinique
Mexico
Montserrat
Nicaragua
Panama
Paraguay
Peru
Saint Kitts and Nevis
Saint Lucia
Saint Vincent and the Grenadines
Saint Maarten (Dutch part)
Suriname
Trinidad and Tobago
Turks and Caicos Islands
United States Virgin Islands
Uruguay
Venezuela
Puerto Rico

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Production in Latin America and the Caribbean, split by region and country
Trade (exports and imports) in Latin America and the Caribbean
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. CONSUMPTION BY COUNTRY
3. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
2. PRODUCTION BY COUNTRY
8. IMPORTS
The Largest Importers on The Market and How They Succeed
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Exporters on The Market and How They Succeed
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
11. COUNTRY PROFILES

The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO
- Anguilla
- Antigua and Barbuda
- Argentina
- Aruba
- Bahamas
- Barbados
- Belize
- Bolivia
- Brazil
- British Virgin Islands
- Cayman Islands
- Chile
- Colombia
- Costa Rica
- Cuba
- Curacao
- Dominica
- Dominican Republic
- Ecuador
- El Salvador
- Falkland Islands (Malvinas)
- French Guiana
- Grenada
- Guadeloupe
- Guatemala
- Guyana
- Haiti
- Honduras
- Jamaica
- Martinique
- Mexico
- Montserrat
- Nicaragua
- Panama
- Paraguay
- Peru
- Saint Kitts and Nevis
- Saint Lucia
- Saint Vincent and the Grenadines
- Saint Maarten (Dutch part)
- Suriname
- Trinidad and Tobago
- Turks and Caicos Islands
- United States Virgin Islands
- Uruguay
- Venezuela
- Puerto Rico
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption, By Country, 2018–2023
5. Production, In Physical Terms, By Country, 2012–2023
6. Imports, In Physical Terms, By Country, 2012–2023
7. Imports, In Value Terms, By Country, 2012–2023
8. Import Prices, By Country Of Destination, 2012–2023
9. Exports, In Physical Terms, By Country, 2012–2023
10. Exports, In Value Terms, By Country, 2012–2023
11. Export Prices, By Country Of Origin, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Consumption, By Country, 2023
4. Market Volume Forecast to 2030
5. Market Value Forecast to 2030
6. Products: Market Size And Growth, By Type
7. Products: Average Per Capita Consumption, By Type
8. Products: Exports And Growth, By Type
9. Products: Export Prices And Growth, By Type
10. Production Volume And Growth
11. Exports And Growth
12. Export Prices And Growth
13. Market Size And Growth
14. Per Capita Consumption
15. Imports And Growth
16. Import Prices
17. Production, In Physical Terms, 2012–2023
18. Production, In Value Terms, 2012–2023
19. Production, By Country, 2023
20. Production, In Physical Terms, By Country, 2012–2023
21. Imports, In Physical Terms, 2012–2023
22. Imports, In Value Terms, 2012–2023
23. Imports, In Physical Terms, By Country, 2023
24. Imports, In Physical Terms, By Country, 2012–2023
25. Imports, In Value Terms, By Country, 2012–2023
26. Import Prices, By Country, 2012–2023
27. Exports, In Physical Terms, 2012–2023
28. Exports, In Value Terms, 2012–2023
29. Exports, In Physical Terms, By Country, 2023
30. Exports, In Physical Terms, By Country, 2012–2023
31. Exports, In Value Terms, By Country, 2012–2023
32. Export Prices, 2012–2023