Ethiopia - Radio Receivers For Motor Vehicles - Market Analysis, Forecast, Size, Trends And Insights
Report Update: May 1, 2024

Ethiopia - Radio Receivers For Motor Vehicles - Market Analysis, Forecast, Size, Trends And Insights

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Vehicle Radio Price in Ethiopia - 2022

Contents:

  1. Vehicle Radio Price in Ethiopia (CIF) - 2022
  2. Vehicle Radio Price in Ethiopia (FOB) - 2022
  3. Vehicle Radio Imports in Ethiopia
  4. Vehicle Radio Exports in Ethiopia

Vehicle Radio Price in Ethiopia (CIF) - 2022

In 2022, the average vehicle radio import price amounted to $157 per unit, with an increase of 7.8% against the previous year. In general, import price indicated resilient growth from 2012 to 2022: its price increased at an average annual rate of +6.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, vehicle radio import price increased by +56.4% against 2018 indices. The pace of growth appeared the most rapid in 2021 when the average import price increased by 19%. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in the near future.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($160 per unit), while the price for Thailand ($157 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+6.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Vehicle Radio Price in Ethiopia (FOB) - 2022

The average vehicle radio export price stood at $132 per unit in 2022, reducing by -2.2% against the previous year. Overall, the export price, however, recorded buoyant growth. The growth pace was the most rapid in 2021 an increase of 429% against the previous year. As a result, the export price reached the peak level of $135 per unit, and then shrank slightly in the following year.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Senegal ($155 per unit), while the average price for exports to Tanzania ($128 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 Senegal (+20.0%), while the prices for the other major destinations experienced more modest paces of growth.

Vehicle Radio Imports in Ethiopia

After two years of decline, purchases abroad of radio receivers for motor vehicles increased by 518% to 2.6K units in 2022. In general, imports, however, saw a abrupt decline. Imports peaked at 3.5K units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, vehicle radio imports skyrocketed to $414K in 2022. Over the period under review, imports, however, showed a relatively flat trend pattern. Over the period under review, imports attained the maximum at $414K in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Import of Vehicle Radio in Ethiopia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Thailand14652.644.525720.7%
China44.88.66.715149.9%
United States11217.9N/A1.4-76.8%
France48.221.4N/AN/A-55.6%
Australia41.612.48.7N/A-54.3%
Others21.96.92.34.6-40.6%
Total41412062.24140.0%

Top Suppliers of Vehicle Radio to Ethiopia in 2022:

  1. Thailand (1642.0 units)
  2. China (962.0 units)
  3. United States (9.0 units)

Vehicle Radio Exports in Ethiopia

In 2022, approx. 16 units of radio receivers for motor vehicles were exported from Ethiopia; jumping by 100% on the previous year's figure. Overall, exports showed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, vehicle radio exports soared to $2.1K in 2022. In general, exports enjoyed significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 429% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.

Export of Vehicle Radio in Ethiopia (USD)
COUNTRY2019202020212022CAGR,
2019-2022
BotswanaN/AN/AN/A9040%
Tanzania13733.036189987.2%
Senegal32.019.0108310113.2%
BeninN/A4.0N/AN/A0%
UgandaN/A3.0N/AN/A0%
Mozambique18489.0404N/A48.2%
United States13.05.017.0N/A14.4%
Italy39.017.072.0N/A35.9%
Ghana94.034.0118N/A12.0%
OthersN/AN/AN/AN/A0%
Total4992041,0802,11361.8%

Top Export Markets for Vehicle Radio from Ethiopia in 2022:

  1. Tanzania (7.0 units)
  2. Botswana (7.0 units)
  3. Senegal (2.0 units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the vehicle radio market in Ethiopia. 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:

  • Ethiopia

Data coverage:

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