Southern Asia: Radar Apparatus Market 2024

Radar Apparatus Market Size in Southern Asia

The South Asian radar apparatus market fell slightly to $X in 2022, which is down by -3% against the previous year. Overall, consumption recorded a mild slump. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Radar Apparatus Production in Southern Asia

In value terms, radar apparatus production dropped slightly to $X in 2022 estimated in export price. In general, production continues to indicate a slight descent. The pace of growth appeared the most rapid in 2014 with an increase of 23%. As a result, production attained the peak level of $X. From 2015 to 2022, production growth remained at a lower figure.

Radar Apparatus Exports

Exports in Southern Asia

In 2022, overseas shipments of radar apparatus, radio navigational aid apparatus and radio remote control apparatus increased by 17% to X units, rising for the seventh consecutive year after three years of decline. In general, exports posted a significant expansion. The growth pace was the most rapid in 2017 when exports increased by 252% against the previous year. The volume of export peaked in 2022 and is likely to continue growth in the immediate term.

In value terms, radar apparatus exports stood at $X in 2022. Over the period under review, exports continue to indicate a significant expansion. The growth pace was the most rapid in 2017 when exports increased by 244%. The level of export peaked in 2022 and is likely to continue growth in years to come.

Exports by Country

In 2022, India (X units) represented the key exporter of radar apparatus, radio navigational aid apparatus and radio remote control apparatus in Southern Asia, committing 98% of total export.

India was also the fastest-growing in terms of the radar apparatus, radio navigational aid apparatus and radio remote control apparatus exports, with a CAGR of +37.9% from 2012 to 2022. From 2012 to 2022, the share of India increased by +33 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest radar apparatus supplier in Southern Asia.

In India, radar apparatus exports expanded at an average annual rate of +38.3% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per unit, which is down by -9.2% against the previous year. Export price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, radar apparatus export price increased by +20.4% against 2019 indices. The pace of growth appeared the most rapid in 2013 when the export price increased by 70%. The level of export peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for India.

From 2012 to 2022, the rate of growth in terms of prices for India amounted to +0.3% per year.

Radar Apparatus Imports

Imports in Southern Asia

In 2022, purchases abroad of radar apparatus, radio navigational aid apparatus and radio remote control apparatus increased by 5% to X units, rising for the eighth consecutive year after two years of decline. Overall, imports recorded a prominent increase. The pace of growth was the most pronounced in 2016 with an increase of 70%. The volume of import peaked in 2022 and is likely to see steady growth in years to come.

In value terms, radar apparatus imports contracted to $X in 2022. In general, imports recorded a prominent increase. The pace of growth was the most pronounced in 2020 with an increase of 58% against the previous year. Over the period under review, imports attained the peak figure at $X in 2021, and then fell in the following year.

Imports by Country

India dominates imports structure, accounting for X units, which was near 84% of total imports in 2022. It was distantly followed by Bangladesh (X units), constituting an 8.7% share of total imports. Afghanistan (X units) held a relatively small share of total imports.

India was also the fastest-growing in terms of the radar apparatus, radio navigational aid apparatus and radio remote control apparatus imports, with a CAGR of +38.9% from 2012 to 2022. At the same time, Bangladesh (+8.1%) displayed positive paces of growth. By contrast, Afghanistan (-11.9%) illustrated a downward trend over the same period. India (+72 p.p.) significantly strengthened its position in terms of the total imports, while Bangladesh and Afghanistan saw its share reduced by -7.4% and -55.3% from 2012 to 2022, respectively.

In value terms, India ($X) constitutes the largest market for imported radar apparatus, radio navigational aid apparatus and radio remote control apparatus in Southern Asia, comprising 89% of total imports. The second position in the ranking was held by Bangladesh ($X), with a 5.3% share of total imports.

In India, radar apparatus imports increased at an average annual rate of +26.6% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Bangladesh (+7.6% per year) and Afghanistan (-12.9% per year).

Import Prices by Country

In 2022, the import price in Southern Asia amounted to $X per unit, with a decrease of -14.1% against the previous year. In general, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the import price increased by 42% against the previous year. The level of import peaked at $X per unit in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was India ($X per unit), while Bangladesh ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bangladesh (-0.5%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform