Australia and Oceania: Radio Receiver Market 2023

Radio Receiver Market Size in Australia and Oceania

The radio receiver market in Australia and Oceania rose notably to $X in 2022, with an increase of 7.3% against the previous year. Overall, consumption, however, recorded a deep downturn. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Radio Receiver Production in Australia and Oceania

In value terms, radio receiver production declined rapidly to $X in 2022 estimated in export price. Overall, production faced a precipitous curtailment. The most prominent rate of growth was recorded in 2019 with an increase of 2,195% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

Radio Receiver Exports

Exports in Australia and Oceania

In 2022, overseas shipments of radio receivers increased by 27% to X units, rising for the second year in a row after three years of decline. Overall, exports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2015 with an increase of 36%. As a result, the exports reached the peak of X units. From 2016 to 2022, the growth of the exports remained at a lower figure.

In value terms, radio receiver exports skyrocketed to $X in 2022. Total exports indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +55.8% against 2019 indices. Over the period under review, the exports attained the maximum at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Australia prevails in exports structure, recording X units, which was approx. 92% of total exports in 2022. It was distantly followed by New Zealand (X units), committing a 7.5% share of total exports.

Australia experienced a relatively flat trend pattern with regard to volume of exports of radio receivers. New Zealand (-1.5%) illustrated a downward trend over the same period. While the share of Australia (+2.9 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) remains the largest radio receiver supplier in Australia and Oceania, comprising 90% of total exports. The second position in the ranking was held by New Zealand ($X), with a 9.9% share of total exports.

In Australia, radio receiver exports increased at an average annual rate of +3.9% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Australia and Oceania amounted to $X per unit, picking up by 1.6% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.8%. The most prominent rate of growth was recorded in 2013 when the export price increased by 44% against the previous year. The level of export peaked at $X per unit in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was New Zealand ($X per unit), while Australia totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (+3.9%).

Radio Receiver Imports

Imports in Australia and Oceania

In 2022, approx. X units of radio receivers were imported in Australia and Oceania; standing approx. at the year before. Overall, imports, however, saw a abrupt shrinkage. The pace of growth was the most pronounced in 2020 when imports increased by 9.2%. Over the period under review, imports hit record highs at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, radio receiver imports expanded rapidly to $X in 2022. Over the period under review, imports, however, saw a abrupt downturn. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Australia was the major importer of radio receivers in Australia and Oceania, with the volume of imports amounting to X units, which was near 78% of total imports in 2022. It was distantly followed by New Zealand (X units), achieving a 14% share of total imports. The following importers - Papua New Guinea (X units) and Fiji (X units) - together made up 5.9% of total imports.

From 2012 to 2022, average annual rates of growth with regard to radio receiver imports into Australia stood at -8.9%. At the same time, Fiji (+1.8%) displayed positive paces of growth. Moreover, Fiji emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +1.8% from 2012-2022. Papua New Guinea experienced a relatively flat trend pattern. By contrast, New Zealand (-5.2%) illustrated a downward trend over the same period. From 2012 to 2022, the share of New Zealand and Papua New Guinea increased by +3.6 and +2.2 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported radio receivers in Australia and Oceania, comprising 76% of total imports. The second position in the ranking was held by New Zealand ($X), with a 21% share of total imports. It was followed by Papua New Guinea, with a 1.8% share.

In Australia, radio receiver imports declined by an average annual rate of -12.9% over the period from 2012-2022. In the other countries, the average annual rates were as follows: New Zealand (-3.8% per year) and Papua New Guinea (-3.7% per year).

Import Prices by Country

The import price in Australia and Oceania stood at $X per unit in 2022, increasing by 9.4% against the previous year. Over the period under review, the import price, however, showed a noticeable slump. Over the period under review, import prices reached the peak figure at $X per unit in 2012; however, from 2013 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 New Zealand ($X per unit), while Fiji ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (+1.5%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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