The forecasted export values from 2024 to 2028 are as follows (in Million US Dollars): 2024: 8.6385, 2025: 8.2606, 2026: 7.8902, 2027: 7.5272, 2028: 7.1715.
- 2025: -4.38%
- 2026: -4.48%
- 2027: -4.60%
- 2028: -4.73%
Over the forecast period (2024-2028), the CAGR is approximately -4.55%.
The consistent decline in export values suggests a need for Australia's radio and radio-telephony industry to innovate or diversify. Factors such as global economic conditions, technological advancements, and shifts in consumer demand will be critical to monitor to forecast further changes accurately.
