Asia: Radio Receiver Market 2023

Radio Receiver Market Size in Asia

In 2021, the Asian radio receiver market decreased by -1.4% to $X, falling for the fourth year in a row after two years of growth. Over the period under review, consumption recorded a abrupt decrease. The growth pace was the most rapid in 2016 with an increase of 8.7% against the previous year. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Radio Receiver Production in Asia

In value terms, radio receiver production shrank slightly to $X in 2021 estimated in export price. Over the period under review, production recorded a abrupt contraction. The most prominent rate of growth was recorded in 2018 when the production volume increased by 19% against the previous year. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Radio Receiver Exports

Exports in Asia

In 2021, exports of radio receivers in Asia reduced slightly to X units, standing approx. at the year before. Overall, exports showed a abrupt descent. The most prominent rate of growth was recorded in 2018 with an increase of 124%. Over the period under review, the exports attained the maximum at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, radio receiver exports expanded notably to $X in 2021. Over the period under review, exports continue to indicate a pronounced downturn. The pace of growth was the most pronounced in 2014 with an increase of 6%. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

China dominates exports structure, finishing at X units, which was approx. 89% of total exports in 2021. Thailand (X units), Malaysia (X units) and Hong Kong SAR (X units) followed a long way behind the leaders.

China experienced a relatively flat trend pattern with regard to volume of exports of radio receivers. Malaysia (-10.1%), Hong Kong SAR (-21.2%) and Thailand (-24.6%) illustrated a downward trend over the same period. China (+36 p.p.) significantly strengthened its position in terms of the total exports, while Hong Kong SAR and Thailand saw its share reduced by -7.3% and -24.3% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest radio receiver supplier in Asia, comprising 65% of total exports. The second position in the ranking was taken by Malaysia ($X), with a 9.6% share of total exports. It was followed by Thailand, with a 7.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value in China totaled -1.4%. The remaining exporting countries recorded the following average annual rates of exports growth: Malaysia (-8.3% per year) and Thailand (-8.3% per year).

Export Prices by Country

The export price in Asia stood at $X per unit in 2021, increasing by 5.8% against the previous year. Overall, the export price saw a notable expansion. The pace of growth appeared the most rapid in 2017 when the export price increased by 55%. As a result, the export price reached the peak level of $X per unit. From 2018 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Malaysia ($X per unit), while China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+21.7%), while the other leaders experienced more modest paces of growth.

Radio Receiver Imports

Imports in Asia

In 2021, after three years of decline, there was growth in overseas purchases of radio receivers, when their volume increased by 0.6% to X units. In general, imports, however, faced a abrupt decline. The volume of import peaked at X units in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, radio receiver imports declined modestly to $X in 2021. Over the period under review, imports, however, saw a abrupt setback. The pace of growth was the most pronounced in 2014 with an increase of 6.2%. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Hong Kong SAR (X units), Japan (X units) and the Philippines (X units) represented roughly 44% of total imports in 2021. Thailand (X units) held the next position in the ranking, followed by the United Arab Emirates (X units), India (X units) and Turkey (X units). All these countries together held approx. 28% share of total imports. South Korea (X units), Malaysia (X units), Vietnam (X units), Singapore (X units), China (X units) and Pakistan (X units) held a relatively small share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by the Philippines (with a CAGR of +35.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) constitutes the largest market for imported radio receivers in Asia, comprising 27% of total imports. The second position in the ranking was taken by Hong Kong SAR ($X), with a 10% share of total imports. It was followed by India, with a 9.2% share.

In Japan, radio receiver imports contracted by an average annual rate of -9.2% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Hong Kong SAR (-15.1% per year) and India (+0.7% per year).

Import Prices by Country

In 2021, the import price in Asia amounted to $X per unit, dropping by -1.6% against the previous year. Over the last nine-year period, it increased at an average annual rate of +3.8%. The most prominent rate of growth was recorded in 2014 when the import price increased by 18%. Over the period under review, import prices attained the maximum at $X per unit in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was China ($X per unit), while the Philippines ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+9.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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