Asia-Pacific: Radio Navigation Apparatus Market 2024

Radio Navigation Apparatus Market Size in Asia-Pacific

The Asia-Pacific radio navigation apparatus market rose significantly to $X in 2021, increasing by 5.5% against the previous year. The market value increased at an average annual rate of +2.2% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 with an increase of 9% against the previous year. The level of consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Radio Navigation Apparatus Production in Asia-Pacific

In value terms, radio navigation apparatus production expanded remarkably to $X in 2021 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Radio Navigation Apparatus Exports

Exports in Asia-Pacific

In 2021, overseas shipments of radio navigational aid apparatus were finally on the rise to reach X tons after four years of decline. In general, exports, however, saw a drastic downturn. The most prominent rate of growth was recorded in 2015 with an increase of 29%. Over the period under review, the exports hit record highs at X tons in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, radio navigation apparatus exports rose notably to $X in 2021. Overall, exports, however, saw a abrupt decrease. The growth pace was the most rapid in 2015 with an increase of 16% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The shipments of the three major exporters of radio navigational aid apparatus, namely China, Taiwan (Chinese) and Malaysia, represented more than two-thirds of total export. It was distantly followed by Japan (X tons), South Korea (X tons) and Vietnam (X tons), together generating a 21% share of total exports. Indonesia (X tons) held a relatively small share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Vietnam (with a CAGR of +42.7%), while the other leaders experienced mixed trends in the exports figures.

In value terms, China ($X) remains the largest radio navigation apparatus supplier in Asia-Pacific, comprising 35% of total exports. The second position in the ranking was taken by Malaysia ($X), with a 16% share of total exports. It was followed by Taiwan (Chinese), with a 16% share.

From 2012 to 2021, the average annual growth rate of value in China amounted to -10.0%. The remaining exporting countries recorded the following average annual rates of exports growth: Malaysia (+10.6% per year) and Taiwan (Chinese) (-6.1% per year).

Export Prices by Country

In 2021, the export price in Asia-Pacific amounted to $X per ton, approximately mirroring the previous year. Overall, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the export price increased by 12%. Over the period under review, the export prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Vietnam ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+3.1%), while the other leaders experienced mixed trends in the export price figures.

Radio Navigation Apparatus Imports

Imports in Asia-Pacific

Radio navigation apparatus imports expanded significantly to X tons in 2021, picking up by 12% against 2020 figures. In general, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of 14%. As a result, imports attained the peak of X tons. From 2015 to 2021, the growth of imports remained at a lower figure.

In value terms, radio navigation apparatus imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +1.5% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2019 when imports increased by 18%. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, Japan (X tons) was the main importer of radio navigational aid apparatus, mixing up 55% of total imports. China (X tons) took the second position in the ranking, distantly followed by Hong Kong SAR (X tons). All these countries together held approx. 23% share of total imports. India (X tons), South Korea (X tons), Australia (X tons), Vietnam (X tons), Indonesia (X tons) and Singapore (X tons) held a little share of total imports.

Japan experienced a relatively flat trend pattern with regard to volume of imports of radio navigational aid apparatus. At the same time, Vietnam (+35.3%), India (+26.0%), Indonesia (+2.6%), Hong Kong SAR (+1.9%) and China (+1.8%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of +35.3% from 2012-2021. By contrast, Singapore (-3.3%), South Korea (-6.3%) and Australia (-9.9%) illustrated a downward trend over the same period. While the share of India (+3.5 p.p.), Vietnam (+2.7 p.p.) and China (+2.7 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of South Korea (-2.6 p.p.) and Australia (-4.9 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest radio navigation apparatus importing markets in Asia-Pacific were Japan ($X), China ($X) and Hong Kong SAR ($X), with a combined 67% share of total imports. India, Australia, South Korea, Singapore, Vietnam and Indonesia lagged somewhat behind, together comprising a further 27%.

India, with a CAGR of +34.4%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Asia-Pacific amounted to $X per ton, rising by 4.1% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.0%. The growth pace was the most rapid in 2019 an increase of 12% against the previous year. As a result, import price attained the peak level of $X per ton. From 2020 to 2021, the import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Singapore ($X per ton), while Japan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+11.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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