Asia: Radio Receiver Market 2023

Radio Receiver Market Size in Asia

In 2022, the Asian radio receiver market was finally on the rise to reach $X for the first time since 2018, thus ending a three-year declining trend. Over the period under review, consumption, however, showed a mild slump. The level of consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Radio Receiver Production in Asia

In value terms, radio receiver production fell to $X in 2022 estimated in export price. Overall, production, however, recorded a pronounced curtailment. The growth pace was the most rapid in 2018 with an increase of 5.2% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Radio Receiver Exports

Exports in Asia

In 2022, shipments abroad of radio receivers decreased by -9.4% to X units, falling for the second year in a row after three years of growth. Over the period under review, exports continue to indicate a noticeable shrinkage. The pace of growth appeared the most rapid in 2019 when exports increased by 14%. Over the period under review, the exports attained the maximum at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, radio receiver exports declined to $X in 2022. In general, exports saw a pronounced shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by 3.4%. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

China prevails in exports structure, amounting to X units, which was near 90% of total exports in 2022. The following exporters - Malaysia (X units) and Thailand (X units) - together made up 4.8% of total exports.

China was also the fastest-growing in terms of the radio receivers exports, with a CAGR of -2.0% from 2012 to 2022. Malaysia (-7.4%) and Thailand (-9.3%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China increased by +15 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest radio receiver supplier in Asia, comprising 61% of total exports. The second position in the ranking was held by Malaysia ($X), with an 11% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in China stood at -2.1%. In the other countries, the average annual rates were as follows: Malaysia (-7.1% per year) and Thailand (-7.1% per year).

Export Prices by Country

In 2022, the export price in Asia amounted to $X per unit, picking up by 4.9% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the export price increased by 15% against the previous year. The level of export peaked at $X per unit in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Thailand ($X per unit), while China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+2.5%), while the other leaders experienced mixed trends in the export price figures.

Radio Receiver Imports

Imports in Asia

After three years of decline, supplies from abroad of radio receivers increased by 13% to X units in 2022. Over the period under review, imports, however, saw a abrupt decrease. The volume of import peaked at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, radio receiver imports expanded modestly to $X in 2022. In general, imports, however, saw a abrupt shrinkage. The pace of growth was the most pronounced in 2014 when imports increased by 5.4%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Hong Kong SAR (X units), distantly followed by India (X units), Japan (X units), the United Arab Emirates (X units), Malaysia (X units) and Thailand (X units) were the main importers of radio receivers, together committing 70% of total imports. Turkey (X units), Singapore (X units), Uzbekistan (X units), Indonesia (X units), South Korea (X units), China (X units) and the Philippines (X units) took a minor share of total imports.

From 2012 to 2022, the biggest increases were recorded for Uzbekistan (with a CAGR of +69.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest radio receiver importing markets in Asia were Japan ($X), India ($X) and Indonesia ($X), together comprising 51% of total imports. Turkey, South Korea, Malaysia, the United Arab Emirates, China, Hong Kong SAR, Singapore, Thailand, the Philippines and Uzbekistan lagged somewhat behind, together accounting for a further 40%.

Uzbekistan, with a CAGR of +33.1%, saw the highest rates of growth with regard to 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 -7.7% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.9%. The most prominent rate of growth was recorded in 2014 an increase of 14% against the previous year. Over the period under review, import prices attained the maximum at $X per unit in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

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 ($X per unit), while Hong Kong SAR ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+7.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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