Australia: Radio Navigation Apparatus Market 2024

Radio Navigation Apparatus Market Size in Australia

In 2021, the Australian radio navigation apparatus market increased by 39% to $X, rising for the second year in a row after four years of decline. Over the period under review, consumption, however, recorded a abrupt contraction. Radio navigation apparatus consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Radio Navigation Apparatus Exports

Exports from Australia

Radio navigation apparatus exports from Australia declined remarkably to X tons in 2021, waning by -26.3% compared with 2020. Over the period under review, exports recorded a abrupt curtailment. The growth pace was the most rapid in 2015 with an increase of 44%. 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 shrank modestly to $X in 2021. Overall, exports recorded a perceptible curtailment. The most prominent rate of growth was recorded in 2015 when exports increased by 60%. 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

New Zealand (X tons) was the main destination for radio navigation apparatus exports from Australia, with a 40% share of total exports. Moreover, radio navigation apparatus exports to New Zealand exceeded the volume sent to the second major destination, Bahrain (X tons), twofold. The United States (X tons) ranked third in terms of total exports with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to New Zealand totaled -7.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bahrain (+120.4% per year) and the United States (-8.9% per year).

In value terms, Bahrain ($X), the United States ($X) and New Zealand ($X) constituted the largest markets for radio navigation apparatus exported from Australia worldwide, with a combined 56% share of total exports.

In terms of the main countries of destination, Bahrain, with a CAGR of +132.6%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average radio navigation apparatus export price amounted to $X per ton, jumping by 34% against the previous year. Over the period under review, the export price posted a resilient increase. The pace of growth appeared the most rapid in 2018 when the average export price increased by 68% against the previous year. The export price peaked in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was China ($X per ton), while the average price for exports to Morocco ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to China (+40.0%), while the prices for the other major destinations experienced more modest paces of growth.

Radio Navigation Apparatus Imports

Imports into Australia

In 2021, overseas purchases of radio navigational aid apparatus increased by 58% to X tons, rising for the second year in a row after four years of decline. In general, imports, however, showed a deep setback. The most prominent rate of growth was recorded in 2020 when imports increased by 97%. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, radio navigation apparatus imports rose modestly to $X in 2021. Over the period under review, imports, however, continue to indicate a noticeable curtailment. The most prominent rate of growth was recorded in 2020 when imports increased by 78% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Taiwan (Chinese) (X tons), China (X tons) and Malaysia (X tons) were the main suppliers of radio navigation apparatus imports to Australia, together accounting for 66% of total imports. Germany, Mexico, the United States and South Korea lagged somewhat behind, together comprising a further 22%.

From 2012 to 2021, the biggest increases were recorded for South Korea (with a CAGR of +12.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of radio navigational aid apparatus to Australia, comprising 36% of total imports. The second position in the ranking was taken by China ($X), with a 12% share of total imports. It was followed by Mexico, with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (-8.5% per year) and Mexico (+2.8% per year).

Import Prices by Country

The average radio navigation apparatus import price stood at $X per ton in 2021, which is down by -34% against the previous year. Overall, the import price, however, enjoyed a resilient increase. The most prominent rate of growth was recorded in 2018 when the average import price increased by 98% against the previous year. The import price peaked at $X per ton in 2019; however, from 2020 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was the United States ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+17.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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