Mexico - Radio Receivers For Motor Vehicles - Market Analysis, Forecast, Size, Trends And Insights
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View PricingVehicle Radio Price in Mexico - 2023
Contents:
- Vehicle Radio Price in Mexico (FOB) - 2023
- Vehicle Radio Price in Mexico (CIF) - 2023
- Vehicle Radio Exports in Mexico
- Vehicle Radio Imports in Mexico
Vehicle Radio Price in Mexico (FOB) - 2023
In August 2023, the average vehicle radio export price amounted to $184 per unit, stabilizing at the previous month. Overall, the export price showed a mild expansion. The growth pace was the most rapid in June 2023 when the average export price increased by 21% month-to-month. As a result, the export price attained the peak level of $207 per unit. From July 2023 to August 2023, the the average export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for the United States.
From August 2022 to August 2023, the rate of growth in terms of prices for the United States amounted to +1.5% per month.
Vehicle Radio Price in Mexico (CIF) - 2023
The average vehicle radio import price stood at $54.5 per unit in August 2023, standing approximately at the previous month. In general, the import price, however, continues to indicate a tangible expansion. The most prominent rate of growth was recorded in October 2022 when the average import price increased by 271% month-to-month. As a result, import price attained the peak level of $184 per unit. From November 2022 to August 2023, the average 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 the United States ($117 per unit), while the price for China stood at $34.9 per unit.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by China (+2.1%).
Vehicle Radio Exports in Mexico
In 2022, approx. 2.7M units of radio receivers for motor vehicles were exported from Mexico; with an increase of 39% on 2021 figures. Overall, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 106%. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the near future.
In value terms, vehicle radio exports soared to $382M in 2022. Over the period under review, exports posted a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Vehicle Radio in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 175 | 157 | 215 | 382 | 29.7% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 175 | 157 | 215 | 382 | 29.7% |
Top Export Markets for Vehicle Radio from Mexico in 2022:
- United States (2.7M units)
Vehicle Radio Imports in Mexico
For the third year in a row, Mexico recorded decline in overseas purchases of radio receivers for motor vehicles, which decreased by -17% to 64K units in 2022. In general, imports recorded a dramatic slump. The smallest decline of -13.1% was in 2020. Imports peaked at 132K units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, vehicle radio imports dropped to $7.3M in 2022. Overall, imports continue to indicate a drastic downturn. The growth pace was the most rapid in 2020 with an increase of 19%. As a result, imports attained the peak of $14M. From 2021 to 2022, the growth of imports remained at a lower figure.
| Import of Vehicle Radio in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1.7 | 1.3 | 2.7 | 4.3 | 36.3% |
| China | 8.8 | 5.3 | 5.8 | 2.9 | -30.9% |
| Thailand | 1.0 | 7.2 | N/A | N/A | 620.0% |
| Others | 0.4 | 0.2 | N/A | N/A | -50.0% |
| Total | 11.8 | 14.1 | 8.5 | 7.3 | -14.8% |
Top Suppliers of Vehicle Radio to Mexico in 2022:
- China (40.0K units)
- United States (24.3K units)
This report provides an in-depth analysis of the vehicle radio market in Mexico. 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:
- Mexico
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Mexico
- 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
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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
311
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93
The Vehicle Radio exports reached a peak of 344K units in March 2023, then remained steady until December 2023. In terms of value, exports decreased sharply to $45M by December 2023.
105
During the review period, Vehicle Radio exports reached a peak of 344K units in March 2023 before stabilizing until October 2023. In terms of value, exports decreased to $48M in October 2023.
234
In January 2023, the vehicle radio price stood at $171 per unit (FOB, Mexico), falling by -10% against the previous month.
86
Radio Receiver exports reached a peak of 846K units in March 2023. From April to December 2023, exports saw a slight decrease, with December figures totaling $153M in value.
118
In March 2023, exports of Radio Receivers reached their highest point at 846,000 units. Unfortunately, from April 2023 to October 2023, exports struggled to recover momentum. The value of radio receiver exports dropped to $176 million in October 2023.
283
In July 2022, the radio receiver price stood at $102 per unit (FOB, Mexico), declining by -18.8% 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. ...
723
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. ...
93
The Vehicle Radio exports reached a peak of 344K units in March 2023, then remained steady until December 2023. In terms of value, exports decreased sharply to $45M by December 2023.
105
During the review period, Vehicle Radio exports reached a peak of 344K units in March 2023 before stabilizing until October 2023. In terms of value, exports decreased to $48M in October 2023.
