Asia: Vehicle Radio Market 2024

Vehicle Radio Market Size in Asia

The Asian vehicle radio market rose to $X in 2022, increasing by X% against the previous year. The total consumption indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2012 indices. The level of consumption peaked in 2022 and is expected to retain growth in the near future.

Vehicle Radio Production in Asia

In value terms, vehicle radio production shrank modestly to $X in 2022 estimated in export price. The total production indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2019 indices. The growth pace was the most rapid in 2017 when the production volume increased by X% against the previous year. Over the period under review, production attained the peak level at $X in 2019; afterwards, it flattened through to 2022.

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Vehicle Radio Exports

Exports in Asia

In 2022, after three years of decline, there was significant growth in overseas shipments of radio receivers for motor vehicles, when their volume increased by X% to X units. Over the period under review, exports, however, recorded a abrupt slump. The most prominent rate of growth was recorded in 2018 when exports increased by X%. The volume of export peaked at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, vehicle radio exports expanded rapidly to $X in 2022. Overall, exports, however, saw a abrupt descent. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. The level of export peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, China (X units) represented the largest exporter of radio receivers for motor vehicles, achieving X% of total exports. Thailand (X units) ranks second in terms of the total exports with a X% share, followed by India (X%). The following exporters - Malaysia (X units) and Indonesia (X units) - together made up X% of total exports.

Exports from China increased at an average annual rate of X% from 2012 to 2022. At the same time, Indonesia (X%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing exporter exported in Asia, with a CAGR of X% from 2012-2022. By contrast, India (X%), Thailand (X%) and Malaysia (X%) illustrated a downward trend over the same period. While the share of China (X p.p.), Thailand (X p.p.), Indonesia (X p.p.) and India (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Malaysia (X p.p.) displayed negative dynamics.

In value terms, the largest vehicle radio supplying countries in Asia were Thailand ($X), China ($X) and Malaysia ($X), with a combined X% share of total exports. Indonesia and India lagged somewhat behind, together comprising a further X%.

Indonesia, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Asia stood at $X per unit in 2022, shrinking by X% against the previous year. Overall, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the export price increased by X%. The level of export peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Indonesia ($X per unit), while India ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (X%), while the other leaders experienced more modest paces of growth.

Vehicle Radio Imports

Imports in Asia

In 2022, supplies from abroad of radio receivers for motor vehicles increased by X% to X units for the first time since 2018, thus ending a three-year declining trend. Total imports indicated perceptible growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, imports hit record highs at X units in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, vehicle radio imports surged to $X in 2022. Total imports indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. Over the period under review, imports hit record highs at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

India was the largest importing country with an import of around X units, which amounted to X% of total imports. It was distantly followed by Japan (X units) and China (X units), together committing a X% share of total imports. Indonesia (X units), Thailand (X units), Iran (X units), Vietnam (X units) and Pakistan (X units) took a little share of total imports.

From 2012 to 2022, average annual rates of growth with regard to vehicle radio imports into India stood at X%. At the same time, Iran (X%), Vietnam (X%), Japan (X%), China (X%) and Indonesia (X%) displayed positive paces of growth. Moreover, Iran emerged as the fastest-growing importer imported in Asia, with a CAGR of X% from 2012-2022. Pakistan experienced a relatively flat trend pattern. By contrast, Thailand (X%) illustrated a downward trend over the same period. India (X p.p.), Japan (X p.p.), Iran (X p.p.) and Vietnam (X p.p.) significantly strengthened its position in terms of the total imports, while Thailand saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest vehicle radio importing markets in Asia were India ($X), Japan ($X) and Indonesia ($X), with a combined X% share of total imports. China, Iran, Vietnam, Thailand and Pakistan lagged somewhat behind, together accounting for a further X%.

Iran, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Asia amounted to $X per unit, falling by X% against the previous year. Import price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2019 when the import price increased by X%. Over the period under review, import prices attained the peak figure at $X per unit in 2021, and then fell sharply in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Indonesia ($X per unit), while Pakistan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Iran (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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