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U.S. - Radio Receivers For Motor Vehicles - Market Analysis, Forecast, Size, Trends And Insights
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Article Publishing Date: Jan 9, 2023
Vehicle Radio Price in America Increases 7%, Averaging $158 per Unit
U.S. Vehicle Radio Import Price in October 2022
In October 2022, the vehicle radio price stood at $158 per unit (CIF, US), picking up by 7.1% against the previous month. Over the period from January 2022 to October 2022, it increased at an average monthly rate of +3.4%. The most prominent rate of growth was recorded in May 2022 an increase of 16% m-o-m. The import price peaked in October 2022.
Prices varied noticeably by the country of origin: the country with the highest price was Mexico ($165 per unit), while the price for Taiwan (Chinese) ($7.5 per unit) was amongst the lowest.
From January 2022 to October 2022, the most notable rate of growth in terms of prices was attained by Mexico (+3.6%), while the prices for the other major suppliers experienced a decline.
U.S. Vehicle Radio Imports
In October 2022, imports of radio receivers for motor vehicles into the United States expanded slightly to 353K units, growing by 4.8% against September 2022. The total import volume increased at an average monthly rate of +4.2% over the period from January 2022 to October 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain months. The most prominent rate of growth was recorded in February 2022 with an increase of 19% m-o-m. Imports peaked at 367K units in June 2022; afterwards, it flattened through to October 2022.
In value terms, vehicle radio imports rose remarkably to $56M (IndexBox estimates) in October 2022. Overall, total imports indicated buoyant growth from January 2022 to October 2022: its value increased at an average monthly rate of +7.8% over the last nine-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on October 2022 figures, imports increased by +16.3% against June 2022 indices. The most prominent rate of growth was recorded in June 2022 with an increase of 28% m-o-m. Over the period under review, imports attained the peak figure in October 2022.
U.S. Vehicle Radio Imports by Country
In October 2022, Mexico (317K units) constituted the largest supplier of vehicle radio to the United States, with a 90% share of total imports. Moreover, vehicle radio imports from Mexico exceeded the figures recorded by the second-largest supplier, Portugal (20K units), more than tenfold. China (11K units) ranked third in terms of total imports with a 3.2% share.
From January 2022 to October 2022, the average monthly growth rate of volume from Mexico amounted to +4.7%. The remaining supplying countries recorded the following average monthly rates of imports growth: Portugal (+2.8% per month) and China (+13.5% per month).
In value terms, Mexico ($52M) constituted the largest supplier of vehicle radio to the United States, comprising 94% of total imports. The second position in the ranking was held by Portugal ($2.1M), with a 3.7% share of total imports. It was followed by China, with a 1.2% share.
From January 2022 to October 2022, the average monthly rate of growth in terms of value from Mexico amounted to +8.4%. The remaining supplying countries recorded the following average monthly rates of imports growth: Portugal (+2.5% per month) and China (+0.7% per month).
Factors Affecting Vehicle Radio Prices
In the United States, the average price for a vehicle radio is around $100-200. However, there are a number of factors that can affect the price, including the type of vehicle, the make and model of the radio, and the features desired.
Type of vehicle: The type of vehicle you have can impact the price of the radio. For example, luxury vehicles often have higher-end radios with more features than lower-priced models.
Make and model of radio: The make and model of the radio can also affect its price. Some brands are known for their high quality and durability, while others are more budget-friendly.
Features desired: Finally, the features desired in the radio can also affect its cost. The basic radio with just AM/FM capabilities will cost less than the unit with Bluetooth connectivity and navigation.
This report provides an in-depth analysis of the vehicle radio 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 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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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.
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
2.1
KEY FINDINGS
2.2
MARKET TRENDS
This Chapter is Available Only for the Professional Edition
PRO
3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
8.1
IMPORTS FROM 2012–2022
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
9.1
EXPORTS FROM 2012–2022
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
LIST OF TABLES
Table 1:
Key Findings In 2022
Table 2:
Market Volume, In Physical Terms, 2012–2022
Table 3:
Market Value, 2012–2022
Table 4:
Per Capita Consumption In 2007-2022
Table 5:
Imports, In Physical Terms, By Country, 2012–2022
Table 6:
Imports, In Value Terms, By Country, 2012–2022
Table 7:
Import Prices, By Country Of Origin, 2012–2022
Table 8:
Exports, In Physical Terms, By Country, 2012–2022
Table 9:
Exports, In Value Terms, By Country, 2012–2022
Table 10:
Export Prices, By Country Of Destination, 2012–2022
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2022
Figure 2:
Market Value, 2012–2022
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007-2022
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007-2022
Figure 5:
Trade Balance, In Physical Terms, 2007-2022
Figure 6:
Trade Balance, In Value Terms, 2007-2022
Figure 7:
Per Capita Consumption, 2007-2022
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2012–2022
Figure 21:
Production, In Value Terms, 2012–2022
Figure 22:
Imports, In Physical Terms, 2012–2022
Figure 23:
Imports, In Value Terms, 2012–2022
Figure 24:
Imports, In Physical Terms, By Country, 2022
Figure 25:
Imports, In Physical Terms, By Country, 2012–2022
Figure 26:
Imports, In Value Terms, By Country, 2012–2022
Figure 27:
Import Prices, By Country Of Origin, 2012–2022
Figure 28:
Exports, In Physical Terms, 2012–2022
Figure 29:
Exports, In Value Terms, 2012–2022
Figure 30:
Exports, In Physical Terms, By Country, 2022
Figure 31:
Exports, In Physical Terms, By Country, 2012–2022
Figure 32:
Exports, In Value Terms, By Country, 2012–2022
Figure 33:
Export Prices, By Country Of Destination, 2012–2022
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