Turkey: Radar Apparatus Market 2022

Radar Apparatus Market Size in Turkey

In 2021, the Turkish radar apparatus market was finally on the rise to reach $X for the first time since 2014, thus ending a six-year declining trend. Over the period under review, consumption, however, saw a pronounced slump. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Radar Apparatus Production in Turkey

In value terms, radar apparatus production skyrocketed to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a pronounced contraction. Radar apparatus production peaked at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Radar Apparatus Exports

Exports from Turkey

In 2021, radar apparatus exports from Turkey declined to X tons, shrinking by -6.7% against the previous year's figure. Overall, exports saw a mild decrease. The most prominent rate of growth was recorded in 2016 when exports increased by 89%. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, radar apparatus exports reduced sharply to $X in 2021. Over the period under review, exports saw a deep reduction. The most prominent rate of growth was recorded in 2013 with an increase of 165% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Pakistan (X tons), Spain (X tons) and Germany (X tons) were the main destinations of radar apparatus exports from Turkey, together comprising 57% of total exports. These countries were followed by Norway, the United Arab Emirates, Malta, Russia, Cyprus, Oman, the UK, Belgium, India and the United States, which together accounted for a further 33%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Oman (with a CAGR of +5,750.0%), while the other leaders experienced more modest paces of growth.

In value terms, Pakistan ($X) remains the key foreign market for radar apparatus exports from Turkey, comprising 35% of total exports. The second position in the ranking was held by Spain ($X), with a 16% share of total exports. It was followed by the United Arab Emirates, with a 9.1% share.

From 2012 to 2021, the average annual growth rate of value to Pakistan totaled +79.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+137.7% per year) and the United Arab Emirates (+62.1% per year).

Export Prices by Country

The average radar apparatus export price stood at $X per kg in 2021, declining by -16.9% against the previous year. Over the period under review, the export price showed a abrupt decline. The most prominent rate of growth was recorded in 2013 an increase of 149%. The export price peaked at $X per kg in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was India ($X per kg), while the average price for exports to Malta ($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 Spain (+52.7%), while the prices for the other major destinations experienced more modest paces of growth.

Radar Apparatus Imports

Imports into Turkey

In 2021, radar apparatus imports into Turkey was estimated at X tons, with an increase of 7.1% on the year before. Over the period under review, imports enjoyed a significant increase. The pace of growth appeared the most rapid in 2017 with an increase of 155% against the previous year. Imports peaked in 2021 and are expected to retain growth in the near future.

In value terms, radar apparatus imports declined dramatically to $X in 2021. Overall, imports saw a modest increase. The most prominent rate of growth was recorded in 2017 with an increase of 112%. Imports peaked at $X in 2020, and then reduced markedly in the following year.

Imports by Country

Germany (X tons), Japan (X tons) and Hungary (X tons) were the main suppliers of radar apparatus imports to Turkey, together accounting for 81% of total imports. The UK, South Korea, Spain, the United States, the Netherlands and Denmark lagged somewhat behind, together accounting for a further 13%.

From 2012 to 2021, the biggest increases were in Spain (with a CAGR of +110.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of radar apparatus to Turkey, comprising 46% of total imports. The second position in the ranking was taken by Japan ($X), with a 14% share of total imports. It was followed by the UK, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany totaled +55.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+25.9% per year) and the UK (+22.9% per year).

Import Prices by Country

In 2021, the average radar apparatus import price amounted to $X per ton, dropping by -25.3% against the previous year. Over the period under review, the import price continues to indicate a abrupt shrinkage. The growth pace was the most rapid in 2015 an increase of 5.2% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Finland ($X per ton), while the price for Hungary ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (+6.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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