Philippines: Radar Apparatus Market 2024

Radar Apparatus Market Size in the Philippines

The Philippine radar apparatus market reached $X in 2022, increasing by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. Radar apparatus consumption peaked at $X in 2018; afterwards, it flattened through to 2022.

Radar Apparatus Production in the Philippines

In value terms, radar apparatus production stood at $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, production reached the maximum level at $X in 2020; afterwards, it flattened through to 2022.

Radar Apparatus Exports

Exports from the Philippines

In 2022, overseas shipments of radar apparatus, radio navigational aid apparatus and radio remote control apparatus decreased by X% to X units, falling for the second year in a row after five years of growth. Overall, exports, however, continue to indicate a strong expansion. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. The exports peaked at X units in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, radar apparatus exports declined to $X in 2022. In general, exports, however, posted a significant increase. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Japan (X units) was the main destination for radar apparatus exports from the Philippines, with a X% share of total exports. Moreover, radar apparatus exports to Japan exceeded the volume sent to the second major destination, China (X units), tenfold. The third position in this ranking was held by the United States (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Japan totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (X% per year) and the United States (X% per year).

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

From 2012 to 2022, the average annual rate of growth in terms of value to Japan stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (X% per year) and the United States (X% per year).

Export Prices by Country

The average radar apparatus export price stood at $X per unit in 2022, almost unchanged from the previous year. In general, the export price saw resilient growth. The pace of growth was the most pronounced in 2017 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2018 to 2022, the average export prices remained at a lower figure.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Germany ($X per unit) and China ($X per unit), while the average price for exports to South Korea ($X per unit) and Thailand ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (X%), while the prices for the other major destinations experienced more modest paces of growth.

Radar Apparatus Imports

Imports into the Philippines

Radar apparatus imports into the Philippines skyrocketed to X units in 2022, rising by X% against the previous year's figure. Overall, imports enjoyed a prominent increase. The growth pace was the most rapid in 2015 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to see steady growth in the near future.

In value terms, radar apparatus imports skyrocketed to $X in 2022. In general, imports posted a significant expansion. The pace of growth appeared the most rapid in 2017 when imports increased by X%. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, South Korea (X units) constituted the largest radar apparatus supplier to the Philippines, with a X% share of total imports. Moreover, radar apparatus imports from South Korea exceeded the figures recorded by the second-largest supplier, Japan (X units), twofold. The third position in this ranking was held by China (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from South Korea totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (X% per year) and China (X% per year).

In value terms, Japan ($X), South Korea ($X) and Israel ($X) appeared to be the largest radar apparatus suppliers to the Philippines, together comprising X% of total imports. The United States, China, Singapore, Hong Kong SAR, Malaysia and Taiwan (Chinese) lagged somewhat behind, together accounting for a further X%.

Malaysia, with a CAGR of X%, 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, waning by X% against the previous year. Over the period under review, the import price, however, continues to indicate a prominent expansion. The most prominent rate of growth was recorded in 2013 when the average import price increased by X%. As a result, import price reached the peak level of $X per unit. From 2014 to 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per unit), while the price for Malaysia ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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