Sri Lanka: Radar Apparatus Market 2024

Radar Apparatus Market Size in Sri Lanka

The Sri Lankan radar apparatus market contracted notably to $X in 2022, falling by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption recorded a pronounced decline. Radar apparatus consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Radar Apparatus Exports

Exports from Sri Lanka

In 2022, overseas shipments of radar apparatus, radio navigational aid apparatus and radio remote control apparatus were finally on the rise to reach X units after two years of decline. In general, exports, however, continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2016 with an increase of X%. As a result, the exports reached the peak of X units. From 2017 to 2022, the growth of the exports failed to regain momentum.

In value terms, radar apparatus exports soared to $X in 2022. Over the period under review, exports, however, faced a deep reduction. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2017 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

India (X units) was the main destination for radar apparatus exports from Sri Lanka, with a X% share of total exports. Moreover, radar apparatus exports to India exceeded the volume sent to the second major destination, Singapore (X units), eightfold. The third position in this ranking was held by Maldives (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to India stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (X% per year) and Maldives (X% per year).

In value terms, India ($X) emerged as the key foreign market for radar apparatus, radio navigational aid apparatus and radio remote control apparatus exports from Sri Lanka, comprising X% of total exports. The second position in the ranking was taken by Singapore ($X), with a X% share of total exports. It was followed by Liberia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to India amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (X% per year) and Liberia (X.4% per year).

Export Prices by Country

The average radar apparatus export price stood at $X per unit in 2022, falling by X% against the previous year. Overall, the export price showed a pronounced contraction. The pace of growth appeared the most rapid in 2016 an increase of X% against the previous year. Over the period under review, the average export prices attained the maximum at $X per unit in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Liberia ($X per unit), while the average price for exports to Maldives ($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 Liberia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Radar Apparatus Imports

Imports into Sri Lanka

In 2022, the amount of radar apparatus, radio navigational aid apparatus and radio remote control apparatus imported into Sri Lanka reduced remarkably to X units, waning by X% on the year before. Over the period under review, imports recorded a deep contraction. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. Imports peaked at X units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, radar apparatus imports dropped significantly to $X in 2022. In general, imports continue to indicate a noticeable shrinkage. 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 attained the maximum at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X units), India (X units) and Hong Kong SAR (X units) were the main suppliers of radar apparatus imports to Sri Lanka, with a combined X% share of total imports. Slovenia, Taiwan (Chinese), France, Singapore, the UK, Russia and Germany lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Slovenia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest radar apparatus suppliers to Sri Lanka were India ($X), Slovenia ($X) and France ($X), with a combined X% share of total imports.

Slovenia, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average radar apparatus import price amounted to $X per unit, with an increase of X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovenia (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :