Pakistan: Radar Apparatus Market 2022

Radar Apparatus Market Size in Pakistan

In 2021, after five years of decline, there was significant growth in the Pakistani radar apparatus market, when its value increased by 16% to $X. Over the period under review, consumption, however, saw a abrupt descent. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Radar Apparatus Production in Pakistan

In value terms, radar apparatus production surged to $X in 2021 estimated in export price. Overall, production, however, showed a abrupt setback. Radar apparatus production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Radar Apparatus Exports

Exports from Pakistan

For the third year in a row, Pakistan recorded decline in shipments abroad of radar apparatus, which decreased by -18.7% to X kg in 2021. In general, exports faced a drastic downturn. The growth pace was the most rapid in 2014 with an increase of 1,971% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, radar apparatus exports surged to $X in 2021. Over the period under review, exports faced a abrupt decline. The pace of growth appeared the most rapid in 2014 with an increase of 1,584%. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

The United Arab Emirates (X kg) was the main destination for radar apparatus exports from Pakistan, with a 62% share of total exports. Moreover, radar apparatus exports to the United Arab Emirates exceeded the volume sent to the second major destination, Singapore (X kg), twofold.

From 2012 to 2021, the average annual growth rate of volume to the United Arab Emirates stood at +14.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (+7.8% per year) and the UK (-26.6% per year).

In value terms, the United Arab Emirates ($X) emerged as the key foreign market for radar apparatus exports from Pakistan, comprising 63% of total exports. The second position in the ranking was held by Singapore ($X), with a 28% share of total exports.

From 2012 to 2021, the average annual growth rate of value to the United Arab Emirates stood at -4.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (+11.7% per year) and the UK (-24.1% per year).

Export Prices by Country

The average radar apparatus export price stood at $X per ton in 2021, rising by 45% against the previous year. In general, export price indicated slight growth from 2012 to 2021: its price increased at an average annual rate of +1.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, radar apparatus export price increased by +116.7% against 2016 indices. The most prominent rate of growth was recorded in 2017 an increase of 69% against the previous year. Over the period under review, the average export prices attained the maximum in 2021 and is likely to see gradual growth in years to come.

Average prices varied noticeably for the major foreign markets. In 2021, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to the UK ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Lithuania (+38.4%), while the prices for the other major destinations experienced more modest paces of growth.

Radar Apparatus Imports

Imports into Pakistan

In 2021, overseas purchases of radar apparatus increased by 450% to X kg for the first time since 2018, thus ending a two-year declining trend. In general, imports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2013 when imports increased by 750%. Over the period under review, imports reached the peak figure at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, radar apparatus imports soared to $X in 2021. Overall, imports enjoyed a significant expansion. Imports peaked at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

Turkey (X kg), China (X kg) and the United States (X kg) were the main suppliers of radar apparatus imports to Pakistan, with a combined 100% share of total imports.

From 2012 to 2021, the biggest increases were in Turkey (with a CAGR of +108.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X) constituted the largest supplier of radar apparatus to Pakistan, comprising 40% of total imports. The second position in the ranking was held by China ($X), with an 8.2% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Turkey totaled +207.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+83.9% per year) and the United States (+52.5% per year).

Import Prices by Country

The average radar apparatus import price stood at $X per kg in 2021, rising by 360% against the previous year. In general, the import price recorded a remarkable increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+18.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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