Croatia's Radar, Navigational Aid Exports Surge Despite Unit Drop
Croatia's radar and navigational aid industry experienced a mixed year in 2024. Exports of these apparatus decreased by X% to X units, yet export values surged to $X, indicating robust growth in the stock market today. Meanwhile, imports of these devices increased to X units after two years of decline.
The Croatian market for radar and navigational aid apparatus reached $X in 2024, growing by X% from the previous year. This growth was driven by a surge in export values, which climbed to $X, despite a decrease in the number of units exported. The average export price rose by X% to $X per unit, reflecting increased demand and potentially higher production costs in the stock market.
Germany, Italy, and Slovenia were the primary import partners for these devices between 2012 and 2024. In terms of imports, the value expanded markedly to $X in 2024, with a noticeable increase over the last twelve years. Production of these apparatus in Croatia amounted to $X in 2024, showing a mild setback from the peak of $X in 2022. Despite this, the market showed moderate growth over the period under review in the stock market.
In summary, while the number of radar and navigational aid apparatus exports from Croatia decreased in 2024, the value of these exports surged, indicating strong demand and potentially higher prices in the stock market today. Imports of these devices also increased, suggesting a growing market in Croatia. Despite a slight decrease in production, the market showed overall growth, with a record high in 2022 in the stock market.
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