Belgium - Radio Receivers - Market Analysis, Forecast, Size, Trends and Insights
Report Update: May 1, 2024

Belgium - Radio Receivers - Market Analysis, Forecast, Size, Trends and Insights

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Radio Receiver Price in Belgium - 2023

Contents:

  1. Radio Receiver Price in Belgium (CIF) - 2023
  2. Radio Receiver Price in Belgium (FOB) - 2023
  3. Radio Receiver Imports in Belgium
  4. Radio Receiver Exports in Belgium

Radio Receiver Price in Belgium (CIF) - 2023

The average radio receiver import price stood at $125 per unit in August 2023, jumping by 42% against the previous month. In general, import price indicated strong growth from August 2022 to August 2023: its price increased at an average monthly rate of +5.1% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on August 2023 figures, radio receiver import price decreased by -4.1% against June 2023 indices. The most prominent rate of growth was recorded in May 2023 when the average import price increased by 51% m-o-m. Over the period under review, average import prices hit record highs at $131 per unit in June 2023; however, from July 2023 to August 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was Sweden ($685 per unit), while the price for China ($54.3 per unit) was amongst the lowest.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Sweden (+16.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Radio Receiver Price in Belgium (FOB) - 2023

The average radio receiver export price stood at $102 per unit in August 2023, with an increase of 5.5% against the previous month. In general, export price indicated a perceptible expansion from August 2022 to August 2023: its price increased at an average monthly rate of +2.9% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on August 2023 figures, radio receiver export price increased by +40.8% against May 2023 indices. The most prominent rate of growth was recorded in January 2023 when the average export price increased by 35% against the previous month. The export price peaked at $120 per unit in April 2023; however, from May 2023 to August 2023, the export prices failed to regain momentum.

Prices varied noticeably by the country of destination: the country with the highest price was Italy ($178 per unit), while the average price for exports to France ($74.9 per unit) was amongst the lowest.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (+8.7%), while the prices for the other major destinations experienced more modest paces of growth.

Radio Receiver Imports in Belgium

In 2022, overseas purchases of radio receivers decreased by -37.6% to 2.1M units, falling for the second year in a row after two years of growth. Over the period under review, imports continue to indicate a deep setback. The pace of growth was the most pronounced in 2020 when imports increased by 45%. As a result, imports reached the peak of 3.9M units. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, radio receiver imports shrank rapidly to $103M in 2022. Overall, imports showed a abrupt decline. The most prominent rate of growth was recorded in 2020 when imports increased by 11% against the previous year. As a result, imports reached the peak of $181M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Import of Radio Receiver in Belgium (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China41.150.429.319.0-22.7%
Netherlands13.526.334.917.99.9%
Germany10.014.313.116.818.9%
Portugal2.82.016.716.781.4%
France37.022.822.711.1-33.1%
Thailand29.332.912.56.8-38.5%
Indonesia8.28.04.84.7-16.9%
Vietnam7.47.14.42.6-29.4%
Others13.217.18.07.3-17.9%
Total163181147103-14.2%

Top Suppliers of Radio Receiver to Belgium in 2022:

  1. China (702.2K units)
  2. Netherlands (499.4K units)
  3. Germany (174.7K units)
  4. France (171.1K units)
  5. Indonesia (125.3K units)
  6. Thailand (115.8K units)
  7. Portugal (101.5K units)
  8. Vietnam (76.9K units)

Radio Receiver Exports in Belgium

In 2022, overseas shipments of radio receivers decreased by -46.6% to 1.1M units, falling for the second consecutive year after two years of growth. Overall, exports continue to indicate a pronounced contraction. The growth pace was the most rapid in 2020 with an increase of 92%. As a result, the exports attained the peak of 2.4M units. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, radio receiver exports contracted sharply to $52M in 2022. Over the period under review, exports recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of 86%. As a result, the exports reached the peak of $137M. From 2021 to 2022, the growth of the exports failed to regain momentum.

Export of Radio Receiver in Belgium (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
France13.722.221.39.2-12.4%
Germany15.832.422.78.0-20.3%
Spain4.66.36.06.411.6%
Netherlands7.917.414.65.1-13.6%
Poland2.56.36.13.916.0%
Italy3.55.54.23.71.9%
Sweden3.36.35.22.6-7.6%
Estonia1.32.21.81.54.9%
Austria1.43.22.21.52.3%
Czech Republic1.12.22.31.0-3.1%
Bulgaria0.20.50.81.071.0%
Greece0.91.30.80.90.0%
United Kingdom7.811.23.80.9-51.3%
Others9.619.723.26.7-11.3%
Total73.513711552.3-10.7%

Top Export Markets for Radio Receiver from Belgium in 2022:

  1. France (239.7K units)
  2. Germany (187.1K units)
  3. Poland (123.7K units)
  4. Spain (96.9K units)
  5. Italy (79.0K units)
  6. Netherlands (75.1K units)
  7. Sweden (34.1K units)
  8. Austria (33.3K units)
  9. Estonia (28.1K units)
  10. Bulgaria (24.0K units)
  11. Czech Republic (17.6K units)
  12. Greece (17.0K units)
  13. United Kingdom (10.7K units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the radio receiver market in Belgium. 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:

  • Belgium

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Belgium
  • 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. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT
  5. 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
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023
  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023
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