Australia & Oceania Radar Market Sees Production Surge Despite Value Decline
The market for radar, radio navigational aid, and radio remote control apparatus in Australia and Oceania saw a decrease of X% in 2024, reaching $X. Despite this, production surged to $X, and exports grew by X% to X units. Australia remained the largest importer and exporter, while New Zealand showed the fastest export growth.
Australia imported X% of these apparatus in 2024, with imports decreasing by X% to X units in value terms. Meanwhile, exports from Australia grew by X% to X units, maintaining its position as the largest exporter with an X% share. Notably, New Zealand's exports grew at a CAGR of X% from 2012 to 2024, demonstrating significant growth in the region.
Production of these apparatus has been relatively flat since 2017, with a surge in 2024 to $X. Consumption in Australia and Oceania has also been stable since 2022. Despite the decrease in imports and exports in value terms, the region's production and consumption remain robust.
In 2024, the market for radar, radio navigational aid, and radio remote control apparatus in Australia and Oceania experienced a decrease in imports and exports in value terms. However, production surged, and exports grew in units, with Australia and New Zealand leading as the largest and fastest-growing exporters, respectively. The region's production and consumption remain steady, indicating a stable market for these apparatus.
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