Nepal: Radar Apparatus Market 2024

Radar Apparatus Market Size in Nepal

After two years of decline, the Nepalese radar apparatus market increased by 4.2% to $X in 2022. Over the period under review, consumption showed significant growth. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Radar Apparatus Exports

Exports from Nepal

After four years of decline, shipments abroad of radar apparatus, radio navigational aid apparatus and radio remote control apparatus increased by 26% to X units in 2022. Overall, exports, however, continue to indicate a abrupt downturn. The pace of growth appeared the most rapid in 2016 with an increase of 181%. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, radar apparatus exports rose significantly to $X in 2022. In general, exports, however, faced a abrupt decline. The most prominent rate of growth was recorded in 2020 with an increase of 58%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

France (X units) was the main destination for radar apparatus exports from Nepal, accounting for a 74% share of total exports. Moreover, radar apparatus exports to France exceeded the volume sent to the second major destination, the UK (X units), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to France amounted to +25.6%.

In value terms, the United States ($X) remains the key foreign market for radar apparatus, radio navigational aid apparatus and radio remote control apparatus exports from Nepal, comprising 64% of total exports. The second position in the ranking was held by the UK ($X), with a 12% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the United States stood at -10.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (-25.0% per year) and France (+30.2% per year).

Export Prices by Country

The average radar apparatus export price stood at $X per unit in 2022, falling by -16.4% against the previous year. Overall, the export price, however, continues to indicate a prominent increase. The most prominent rate of growth was recorded in 2019 an increase of 107% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2021, and then fell notably in the following year.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per unit), while the average price for exports to France stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+26.4%), while the prices for the other major destinations experienced mixed trend patterns.

Radar Apparatus Imports

Imports into Nepal

In 2022, after two years of decline, there was growth in supplies from abroad of radar apparatus, radio navigational aid apparatus and radio remote control apparatus, when their volume increased by 1.7% to X units. In general, imports saw significant growth. The pace of growth was the most pronounced in 2018 with an increase of 317% against the previous year. Imports peaked at X units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, radar apparatus imports expanded notably to $X in 2022. Overall, imports recorded a prominent expansion. The pace of growth appeared the most rapid in 2018 with an increase of 212% against the previous year. Over the period under review, imports reached the maximum at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

The United States (X units), Japan (X units) and China (X units) were the main suppliers of radar apparatus imports to Nepal, with a combined 62% share of total imports. Canada, the United Arab Emirates, Thailand, Singapore, South Korea, India and Taiwan (Chinese) lagged somewhat behind, together comprising a further 23%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Korea (with a CAGR of +67.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest radar apparatus suppliers to Nepal were Japan ($X), Canada ($X) and Israel ($X), with a combined 62% share of total imports. China, the United Arab Emirates, Singapore, the United States, Thailand, India, South Korea and Taiwan (Chinese) lagged somewhat behind, together comprising a further 20%.

Taiwan (Chinese), with a CAGR of +87.2%, recorded the highest growth rate of 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

The average radar apparatus import price stood at $X per unit in 2022, growing by 5.7% against the previous year. Over the period under review, the import price, however, saw a pronounced shrinkage. The most prominent rate of growth was recorded in 2020 an increase of 23%. The import price peaked at $X per unit in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+126.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform