Luxembourg Radar Market Slumps, Exports Surge in Value
The Luxembourg market for radar, radio navigational aid, and radio remote control apparatus experienced a downturn in 2024. Despite this, exports of these products surged in value, reaching $X. However, the number of units exported decreased by X% to X units.
In terms of value, the market for these products in Luxembourg shrank to $X in 2024, marking a X% decrease from the previous year. Meanwhile, import prices averaged $X per unit, dropping by X% compared to the previous year. Despite this, the number of units imported increased by X% to X units.
Germany and Belgium topped the list of countries with the highest export prices for radar and navigation equipment from Luxembourg. Conversely, the United States and France had the highest import prices. Production of these apparatus in Luxembourg also decreased to $X, with mild growth recorded over the period.
Germany remained the largest supplier of these products to Luxembourg, accounting for X% of total imports. In value terms, imports dropped modestly to $X in 2024. Consumption of these products in Luxembourg reached a peak of $X before declining significantly in the following year. Germany also emerged as the main destination for exports from Luxembourg, with a X% share of total exports.
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