New Zealand: Radar Apparatus Market 2022

Radar Apparatus Market Size in New Zealand

The New Zealand radar apparatus market surged to $X in 2021, growing by 21% against the previous year. Over the period under review, consumption, however, recorded a pronounced setback. As a result, consumption attained the peak level of $X. From 2016 to 2021, the growth of the market remained at a somewhat lower figure.

Radar Apparatus Production in New Zealand

In value terms, radar apparatus production soared to $X in 2021 estimated in export price. In general, production, however, showed a perceptible reduction. The most prominent rate of growth was recorded in 2015 when the production volume increased by 33%. 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 from New Zealand

In 2021, shipments abroad of radar apparatus increased by 56% to X tons, rising for the third consecutive year after two years of decline. In general, exports continue to indicate a notable expansion. The pace of growth was the most pronounced in 2015 when exports increased by 349%. The exports peaked at X tons in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, radar apparatus exports skyrocketed to $X in 2021. Overall, exports, however, saw a perceptible shrinkage. The most prominent rate of growth was recorded in 2015 with an increase of 309% against the previous year. The exports peaked at $X in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

Exports by Country

Singapore (X tons) was the main destination for radar apparatus exports from New Zealand, accounting for a 43% share of total exports. Moreover, radar apparatus exports to Singapore exceeded the volume sent to the second major destination, Cook Islands (X kg), twofold. The third position in this ranking was held by the United States (X kg), with an 18% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Singapore totaled +28.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cook Islands (+42.6% per year) and the United States (+5.5% per year).

In value terms, the United States ($X) remains the key foreign market for radar apparatus exports from New Zealand, comprising 58% of total exports. The second position in the ranking was held by Canada ($X), with a 7.7% share of total exports. It was followed by Australia, with a 7.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States amounted to +6.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+63.3% per year) and Australia (-23.5% per year).

Export Prices by Country

The average radar apparatus export price stood at $X per kg in 2021, surging by 49% against the previous year. Overall, the export price, however, showed a deep slump. The most prominent rate of growth was recorded in 2018 when the average export price increased by 200% against the previous year. As a result, the export price attained the peak level of $X per kg. From 2019 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Canada ($X per kg), while the average price for exports to Cook Islands ($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 Canada (+27.4%), while the prices for the other major destinations experienced more modest paces of growth.

Radar Apparatus Imports

Imports into New Zealand

In 2021, approx. X tons of radar apparatus were imported into New Zealand; dropping by -3.7% on the previous year. Over the period under review, imports continue to indicate a abrupt downturn. The growth pace was the most rapid in 2014 with an increase of 56%. As a result, imports attained the peak of X tons. From 2015 to 2021, the growth of imports remained at a lower figure.

In value terms, radar apparatus imports fell modestly to $X in 2021. Overall, imports continue to indicate a pronounced decrease. The most prominent rate of growth was recorded in 2017 when imports increased by 68%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

The Philippines (X tons), Italy (X kg) and China (X kg) were the main suppliers of radar apparatus imports to New Zealand, together comprising 47% of total imports.

From 2012 to 2021, the biggest increases were in the Philippines (with a CAGR of +87.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of radar apparatus to New Zealand, comprising 42% of total imports. The second position in the ranking was taken by the Philippines ($X), with a 17% share of total imports. It was followed by Mexico, with a 4.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States amounted to -7.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the Philippines (+125.6% per year) and Mexico (+17.0% per year).

Import Prices by Country

In 2021, the average radar apparatus import price amounted to $X per ton, surging by 2.9% against the previous year. Over the period under review, the import price enjoyed a prominent increase. The most prominent rate of growth was recorded in 2017 when the average import price increased by 32%. The import price peaked in 2021 and is likely to see steady growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the United States ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Israel (+34.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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