EU: Vehicle Radio Market 2024

Vehicle Radio Market Size in the EU

The EU vehicle radio market reduced dramatically to $X in 2022, with a decrease of X% against the previous year. Overall, consumption, however, showed a resilient expansion. As a result, consumption reached the peak level of $X, and then dropped markedly in the following year.

Vehicle Radio Production in the EU

In value terms, vehicle radio production dropped dramatically to $X in 2022 estimated in export price. In general, production, however, recorded buoyant growth. The pace of growth appeared the most rapid in 2021 when the production volume increased by X%. As a result, production reached the peak level of $X, and then contracted sharply in the following year.

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Vehicle Radio Exports

Exports in the EU

In 2022, the amount of radio receivers for motor vehicles exported in the European Union declined notably to X units, with a decrease of X% on the previous year. Overall, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. As a result, the exports reached the peak of X units. From 2016 to 2022, the growth of the exports failed to regain momentum.

In value terms, vehicle radio exports declined rapidly to $X in 2022. Over the period under review, exports, however, continue to indicate a buoyant expansion. The growth pace was the most rapid in 2015 when exports increased by X%. As a result, the exports reached the peak of $X. From 2016 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Hungary represented the major exporter of radio receivers for motor vehicles in the European Union, with the volume of exports finishing at X units, which was near X% of total exports in 2022. Germany (X units) held the second position in the ranking, distantly followed by Romania (X units) and Spain (X units). All these countries together held near X% share of total exports. The following exporters - France (X units) and Poland (X units) - each reached a X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Romania (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Hungary ($X) remains the largest vehicle radio supplier in the European Union, comprising X% of total exports. The second position in the ranking was held by Germany ($X), with a X% share of total exports. It was followed by Romania, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Hungary totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: Germany (X% per year) and Romania (X% per year).

Export Prices by Country

The export price in the European Union stood at $X per unit in 2022, declining by X% against the previous year. Over the period under review, the export price, however, saw a strong expansion. The most prominent rate of growth was recorded in 2017 when the export price increased by X%. Over the period under review, the export prices hit record highs at $X per unit in 2021, and then shrank modestly in the following year.

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

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

Vehicle Radio Imports

Imports in the EU

Vehicle radio imports contracted to X units in 2022, declining by X% against the previous year's figure. In general, imports saw a pronounced descent. The most prominent rate of growth was recorded in 2015 when imports increased by X% against the previous year. As a result, imports attained the peak of X units. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, vehicle radio imports shrank rapidly to $X in 2022. Overall, imports showed a slight reduction. The pace of growth appeared the most rapid in 2015 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Hungary (X units), distantly followed by Germany (X units), Romania (X units), Spain (X units) and Poland (X units) represented the key importers of radio receivers for motor vehicles, together comprising X% of total imports. The following importers - France (X units) and Belgium (X units) - each accounted for a X% share of total imports.

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

In value terms, the largest vehicle radio importing markets in the European Union were Romania ($X), Germany ($X) and Spain ($X), with a combined X% share of total imports.

Romania, with a CAGR of X%, saw 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 the European Union amounted to $X per unit, declining by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2014 an increase of X%. The level of import peaked at $X per unit in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Belgium ($X per unit), while Hungary ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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