Market movement
In 2024, communication apparatus (excluding telephone sets or base stations): machines for the transmission or reception of voice, images or other data (including wired/wireless networks), n.e.c. in item no. 8517.6 trade exhibited significant decline, with global flows reaching $8,000,823,598 and a three-year compound annual growth rate of +2.1% (five-year: +4.2%). The all-time peak of $9,380,429,902 was recorded in 2022; the current level is 15% below that high-water mark.
Over the 30-year observation window (1995–2024), 48% of years recorded positive growth, indicating significant cyclicality with frequent contractions. Trend momentum is steady (+0.1% acceleration).
