U.S. - Radio Receivers - Market Analysis, Forecast, Size, Trends and Insights
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View PricingRadio Receiver Price in the United States - 2023
Contents:
- Radio Receiver Price in the United States (CIF) - 2023
- Radio Receiver Price in the United States (FOB) - 2022
- Radio Receiver Imports in the United States
- Radio Receiver Exports in the United States
Radio Receiver Price in the United States (CIF) - 2023
The average radio receiver import price stood at $92.0 per unit in September 2023, falling by -4.5% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.0%. The most prominent rate of growth was recorded in February 2023 when the average import price increased by 17% month-to-month. Over the period under review, average import prices reached the peak figure at $112 per unit in March 2023; however, from April 2023 to September 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was South Korea ($435 per unit), while the price for China ($19.9 per unit) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Malaysia (+2.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Radio Receiver Price in the United States (FOB) - 2022
In 2022, the average radio receiver export price amounted to $256 per unit, picking up by 4.5% against the previous year. In general, the export price showed pronounced growth. The pace of growth appeared the most rapid in 2016 when the average export price increased by 52% against the previous year. Over the period under review, the average export prices reached the maximum at $341 per unit in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Mexico ($340 per unit), while the average price for exports to Australia ($136 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+7.1%), while the prices for the other major destinations experienced more modest paces of growth.
Radio Receiver Imports in the United States
For the fourth consecutive year, the United States recorded growth in purchases abroad of radio receivers, which increased by 1.9% to 46M units in 2022. The total import volume increased at an average annual rate of +5.6% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 16%. Over the period under review, imports attained the peak figure in 2022 and are likely to continue growth in the immediate term.
In value terms, radio receiver imports expanded sharply to $3.7B in 2022. The total import value increased at an average annual rate of +2.1% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Radio Receiver in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 1,389 | 1,066 | 1,282 | 1,467 | 1.8% |
| China | 559 | 536 | 609 | 592 | 1.9% |
| Thailand | 446 | 471 | 464 | 552 | 7.4% |
| South Korea | 250 | 237 | 274 | 406 | 17.5% |
| Malaysia | 347 | 266 | 210 | 203 | -16.4% |
| Vietnam | 92.7 | 102 | 138 | 167 | 21.7% |
| Indonesia | 107 | 77.3 | 61.2 | 70.4 | -13.0% |
| Others | 271 | 250 | 243 | 233 | -4.9% |
| Total | 3,463 | 3,005 | 3,280 | 3,690 | 2.1% |
Top Suppliers of Radio Receiver to the United States in 2022:
- China (30.4M units)
- Mexico (7.4M units)
- Thailand (3.2M units)
- Malaysia (1.1M units)
- South Korea (1.1M units)
- Indonesia (0.9M units)
- Vietnam (0.9M units)
Radio Receiver Exports in the United States
Radio receiver exports from the United States fell to 3M units in 2022, declining by -4.5% against the year before. Over the period under review, exports recorded a abrupt contraction. Over the period under review, the exports hit record highs at 4.2M units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, radio receiver exports declined modestly to $775M in 2022. Overall, exports showed a deep reduction. The exports peaked at $1.2B in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
| Export of Radio Receiver in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 525 | 407 | 366 | 373 | -10.8% |
| Canada | 457 | 360 | 283 | 257 | -17.5% |
| United Kingdom | 18.5 | 18.7 | 19.6 | 22.5 | 6.7% |
| Brazil | 38.3 | 7.0 | 9.0 | 16.1 | -25.1% |
| Japan | 17.2 | 9.7 | 10.2 | 15.2 | -4.0% |
| Germany | 19.5 | 2.6 | 4.4 | 10.8 | -17.9% |
| Australia | 8.4 | 11.9 | 14.4 | 7.4 | -4.1% |
| Others | 121 | 109 | 71.1 | 73.2 | -15.4% |
| Total | 1,205 | 926 | 777 | 775 | -13.7% |
Top Export Markets for Radio Receiver from the United States in 2022:
- Canada (1207.4K units)
- Mexico (1096.8K units)
- United Kingdom (160.1K units)
- Japan (98.0K units)
- Australia (54.5K units)
- Brazil (53.8K units)
- Germany (49.9K units)
This report provides an in-depth analysis of the radio receiver market in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 26401100 - Radio broadcast receivers (except for cars), capable of operating without an external source of power
- Prodcom 26401270 - Radio receivers for motor vehicles with sound recording or reproducing apparatus
- Prodcom 26401290 - Radio receivers for motor vehicles, n.e.c.
Country coverage:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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Imports of Radio Receivers declined to $300M in June 2023.
245
In October 2022, the vehicle radio price stood at $158 per unit (CIF, US), picking up by 7.1% against the previous month.
878
In 2016, approx. X tons of radio receiver were imported worldwide- falling by -X% against the previous year figure. In general, radio receiver imports continue to indicate a drastic shrinkage. ...
722
In 2016, approx. X tons of radio receiver were imported worldwide- falling by -X% against the previous year figure. In general, radio receiver imports continue to indicate a drastic shrinkage. ...
276
Imports of Radio Receivers declined to $300M in June 2023.
245
In October 2022, the vehicle radio price stood at $158 per unit (CIF, US), picking up by 7.1% against the previous month.
878
In 2016, approx. X tons of radio receiver were imported worldwide- falling by -X% against the previous year figure. In general, radio receiver imports continue to indicate a drastic shrinkage. ...
722
In 2016, approx. X tons of radio receiver were imported worldwide- falling by -X% against the previous year figure. In general, radio receiver imports continue to indicate a drastic shrinkage. ...
