U.S.: Radar Apparatus Market 2024

Radar Apparatus Market Size in the U.S.

The U.S. radar apparatus market fell to $X in 2022, with a decrease of X% against the previous year. Overall, consumption, however, showed a slight descent. Radar apparatus consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Radar Apparatus Production in the U.S.

In value terms, radar apparatus production reduced slightly to $X in 2022. Overall, production continues to indicate a noticeable descent. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Radar Apparatus Exports

Exports from the U.S.

In 2022, radar apparatus exports from the United States declined to X units, with a decrease of X% against the previous year. Over the period under review, exports saw a perceptible setback. The pace of growth appeared the most rapid in 2013 with an increase of X%. The exports peaked at X units in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, radar apparatus exports surged to $X in 2022. Overall, total exports indicated a modest increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2013 when exports increased by 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

Mexico (X units) was the main destination for radar apparatus exports from the United States, accounting for a X% share of total exports. Moreover, radar apparatus exports to Mexico exceeded the volume sent to the second major destination, Canada (X units), fourfold. The third position in this ranking was taken by Brazil (X units), with an X% share.

From 2012 to 2022, the average annual growth rate of volume to Mexico was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (X% per year) and Brazil (X% per year).

In value terms, Canada ($X), Mexico ($X) and Japan ($X) constituted the largest markets for radar apparatus exported from the United States worldwide, together comprising X% of total exports. Brazil, Germany, China, the UK, India, the United Arab Emirates and Uruguay lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, India, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average radar apparatus export price stood at $X per unit in 2022, jumping by X% against the previous year. Overall, the export price enjoyed prominent growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per unit), while the average price for exports to Uruguay ($X per unit) was amongst the lowest.

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

Radar Apparatus Imports

Imports into the U.S.

For the sixth consecutive year, the United States recorded growth in supplies from abroad of radar apparatus, radio navigational aid apparatus and radio remote control apparatus, which increased by X% to X units in 2022. Overall, imports showed a strong increase. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in years to come.

In value terms, radar apparatus imports rose markedly to $X in 2022. Over the period under review, imports, however, showed a slight decline. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at $X in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports by Country

China (X units), Mexico (X units) and Germany (X units) were the main suppliers of radar apparatus imports to the United States, together comprising X% of total imports. Vietnam, Taiwan (Chinese), Canada, Malaysia, South Korea and Japan lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest radar apparatus suppliers to the United States were China ($X), Mexico ($X) and Taiwan (Chinese) ($X), with a combined X% share of total imports. Germany, Canada, Malaysia, Japan, South Korea and Vietnam lagged somewhat behind, together comprising a further X%.

Vietnam, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of 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, approximately reflecting the previous year. In general, the import price faced a drastic downturn. The pace of growth appeared the most rapid in 2016 an increase of X% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per unit), while the price for Vietnam ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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