GCC: Radar Apparatus Market 2024

Radar Apparatus Market Size in GCC

The GCC radar apparatus market expanded modestly to $X in 2022, with an increase of X% against the previous year. Overall, consumption recorded a slight decrease. Over the period under review, the market reached the maximum level at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Radar Apparatus Production in GCC

In value terms, radar apparatus production rose slightly to $X in 2022 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. The level of production peaked at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

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Radar Apparatus Exports

Exports in GCC

In 2022, approx. X units of radar apparatus, radio navigational aid apparatus and radio remote control apparatus were exported in GCC; rising by X% against the previous year. In general, exports posted buoyant growth. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. The volume of export peaked in 2022 and is expected to retain growth in the near future.

In value terms, radar apparatus exports dropped slightly to $X in 2022. Over the period under review, exports, however, continue to indicate a deep setback. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates (X units) represented roughly X% of total exports in 2022.

The United Arab Emirates 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 X% from 2012 to 2022. From 2012 to 2022, the share of the United Arab Emirates increased by X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) also remains the largest radar apparatus supplier in GCC.

From 2012 to 2022, the average annual growth rate of value in the United Arab Emirates stood at X%.

Export Prices by Country

In 2022, the export price in GCC amounted to $X per unit, reducing by X% against the previous year. Over the period under review, the export price recorded a drastic downturn. The most prominent rate of growth was recorded in 2021 when the export price increased by X% against the previous year. Over the period under review, the export prices reached the maximum at $X per unit in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to X% per year.

Radar Apparatus Imports

Imports in GCC

In 2022, supplies from abroad of radar apparatus, radio navigational aid apparatus and radio remote control apparatus decreased by X% to X units, falling for the second consecutive year after seven years of growth. Overall, imports, however, continue to indicate notable growth. The pace of growth appeared the most rapid in 2017 when imports increased by X%. The volume of import peaked at X units in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, radar apparatus imports contracted notably to $X in 2022. In general, imports showed a abrupt downturn. The pace of growth appeared the most rapid in 2016 when imports increased by X%. The level of import peaked at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

The United Arab Emirates prevails in imports structure, accounting for X units, which was near X% of total imports in 2022. It was distantly followed by Kuwait (X units), making up a X% share of total imports. The following importers - Oman (X units) and Bahrain (X units) - together made up X% of total imports.

The United Arab Emirates 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 X% from 2012 to 2022. At the same time, Bahrain (X%) and Kuwait (X%) displayed positive paces of growth. By contrast, Oman (X%) illustrated a downward trend over the same period. The United Arab Emirates (X p.p.) significantly strengthened its position in terms of the total imports, while Oman saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported radar apparatus, radio navigational aid apparatus and radio remote control apparatus in GCC, comprising X% of total imports. The second position in the ranking was held by Oman ($X), with a X% share of total imports. It was followed by Kuwait, with a X% share.

In the United Arab Emirates, radar apparatus imports contracted by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Oman (X% per year) and Kuwait (X% per year).

Import Prices by Country

In 2022, the import price in GCC amounted to $X per unit, reducing by X% against the previous year. Over the period under review, the import price faced a deep slump. The most prominent rate of growth was recorded in 2016 when the import price increased by X% against the previous year. As a result, import price reached the peak level of $X per unit. From 2017 to 2022, the import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Oman ($X per unit), while Bahrain ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bahrain (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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