Australia and Oceania: Radio Navigation Apparatus Market 2024

Radio Navigation Apparatus Market Size in Australia and Oceania

In 2021, the radio navigation apparatus market in Australia and Oceania increased by 26% to $X, rising for the second consecutive year after seven years of decline. In general, consumption, however, recorded a deep setback. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Radio Navigation Apparatus Production in Australia and Oceania

In value terms, radio navigation apparatus production rose remarkably to $X in 2021 estimated in export price. In general, production, however, continues to indicate a perceptible contraction. The most prominent rate of growth was recorded in 2017 with an increase of 54% against the previous year. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Radio Navigation Apparatus Exports

Exports in Australia and Oceania

In 2021, overseas shipments of radio navigational aid apparatus increased by 1.2% to X tons, rising for the second consecutive year after four years of decline. In general, exports, however, showed a deep slump. The pace of growth was the most pronounced in 2015 when exports increased by 47% against the previous year. As a result, the exports reached the peak of X tons. From 2016 to 2021, the growth of the exports failed to regain momentum.

In value terms, radio navigation apparatus exports expanded markedly to $X in 2021. Overall, exports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 with an increase of 57% against the previous year. As a result, the exports attained the peak of $X. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Australia (X tons) and New Zealand (X tons) dominates exports structure, together achieving 95% of total exports. The following exporters - Papua New Guinea (X tons) and French Polynesia (X tons) - together made up 4.3% of total exports.

From 2012 to 2021, the biggest increases were recorded for French Polynesia (with a CAGR of +67.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Australia ($X) remains the largest radio navigation apparatus supplier in Australia and Oceania, comprising 71% of total exports. The second position in the ranking was held by New Zealand ($X), with a 27% share of total exports. It was followed by French Polynesia, with a 1.2% share.

In Australia, radio navigation apparatus exports plunged by an average annual rate of -2.5% over the period from 2012-2021. In the other countries, the average annual rates were as follows: New Zealand (+10.1% per year) and French Polynesia (+66.7% per year).

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2021, with an increase of 9.6% against the previous year. In general, the export price saw a buoyant increase. The pace of growth appeared the most rapid in 2018 an increase of 48%. The level of export peaked in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was Australia ($X per ton), while Papua New Guinea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+12.7%), while the other leaders experienced mixed trends in the export price figures.

Radio Navigation Apparatus Imports

Imports in Australia and Oceania

In 2021, purchases abroad of radio navigational aid apparatus increased by 48% to X tons, rising for the second year in a row after four years of decline. Overall, imports, however, continue to indicate a abrupt slump. The volume of import peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, radio navigation apparatus imports expanded notably to $X in 2021. In general, imports, however, continue to indicate a mild shrinkage. The most prominent rate of growth was recorded in 2020 when imports increased by 52% against the previous year. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Australia prevails in imports structure, accounting for X tons, which was approx. 79% of total imports in 2021. It was distantly followed by New Zealand (X tons), committing a 9.7% share of total imports. The following importers - Micronesia (X tons) and Marshall Islands (X tons) - together made up 6.5% of total imports.

Imports into Australia decreased at an average annual rate of -9.9% from 2012 to 2021. At the same time, Micronesia (+49.3%) and Marshall Islands (+23.4%) displayed positive paces of growth. Moreover, Micronesia emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +49.3% from 2012-2021. By contrast, New Zealand (-9.9%) illustrated a downward trend over the same period. Micronesia (+3.7 p.p.) and Marshall Islands (+2.6 p.p.) significantly strengthened its position in terms of the total imports, while Australia saw its share reduced by -8.6% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported radio navigational aid apparatus in Australia and Oceania, comprising 79% of total imports. The second position in the ranking was held by New Zealand ($X), with a 15% share of total imports. It was followed by Marshall Islands, with a 1.8% share.

In Australia, radio navigation apparatus imports plunged by an average annual rate of -2.7% over the period from 2012-2021. In the other countries, the average annual rates were as follows: New Zealand (-0.2% per year) and Marshall Islands (+34.3% per year).

Import Prices by Country

In 2021, the import price in Australia and Oceania amounted to $X per ton, with a decrease of -24.9% against the previous year. In general, the import price, however, showed a resilient expansion. The growth pace was the most rapid in 2018 an increase of 65% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2020, and then reduced dramatically in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by New Zealand (+10.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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