EU: Radio Receiver Market 2023

Radio Receiver Market Size in the EU

In 2021, the EU radio receiver market increased by 12% to $X, rising for the third year in a row after five years of decline. Overall, consumption showed significant growth. Over the period under review, the market attained the maximum level in 2021 and is expected to retain growth in the immediate term.

Radio Receiver Production in the EU

In value terms, radio receiver production declined rapidly to $X in 2021 estimated in export price. Overall, production, however, showed a abrupt decline. The pace of growth appeared the most rapid in 2020 when the production volume increased by 9%. The level of production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Radio Receiver Exports

Exports in the EU

In 2021, the amount of radio receivers exported in the European Union declined to X units, reducing by -8.7% compared with the previous year's figure. Overall, exports showed a abrupt contraction. Over the period under review, the exports reached the peak figure at X units in 2020, and then contracted in the following year.

In value terms, radio receiver exports shrank significantly to $X in 2021. Over the period under review, exports saw a sharp contraction. The level of export peaked at $X in 2020, and then dropped dramatically in the following year.

Exports by Country

The Netherlands (X units) and Germany (X units) represented the key exporters of radio receivers in 2021, reaching near 21% and 17% of total exports, respectively. Portugal (X units) held the next position in the ranking, followed by Belgium (X units), Hungary (X units), Poland (X units) and the Czech Republic (X units). All these countries together took near 42% share of total exports.

From 2020 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +16.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Portugal ($X), Hungary ($X) and Germany ($X) were the countries with the highest levels of exports in 2021, together accounting for 58% of total exports. The Netherlands, the Czech Republic, Poland and Belgium lagged somewhat behind, together accounting for a further 28%.

The Netherlands, with a CAGR of +18.6%, saw the highest rates of growth with regard to the value of exports, among 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

In 2021, the export price in the European Union amounted to $X per unit, declining by -13% against the previous year. In general, the export price saw a abrupt descent. The level of export peaked at $X per unit in 2020, and then shrank in the following year.

Prices varied noticeably country of origin: the country with the highest price was Portugal ($X per unit), while Belgium ($X per unit) was amongst the lowest.

From 2020 to 2021, the most notable rate of growth in terms of prices was attained by Portugal (+39.5%), while the other leaders experienced more modest paces of growth.

Radio Receiver Imports

Imports in the EU

Radio receiver imports declined to X units in 2021, falling by -7.1% against the previous year. Over the period under review, imports showed a abrupt downturn. Over the period under review, imports reached the maximum at X units in 2020, and then fell in the following year.

In value terms, radio receiver imports shrank to $X in 2021. Overall, imports showed a abrupt setback. The level of import peaked at $X in 2020, and then contracted in the following year.

Imports by Country

In 2021, Germany (X units), distantly followed by the Netherlands (X units), France (X units), Belgium (X units), Poland (X units), Austria (X units) and Spain (X units) were the major importers of radio receivers, together mixing up 72% of total imports. Hungary (X units), Romania (X units), the Czech Republic (X units), Denmark (X units), Italy (X units) and Sweden (X units) held a minor share of total imports.

From 2020 to 2021, the biggest increases were recorded for Austria (with a CAGR of +37.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constitutes the largest market for imported radio receivers in the European Union, comprising 25% of total imports. The second position in the ranking was held by the Netherlands ($X), with an 11% share of total imports. It was followed by France, with an 8.8% share.

From 2020 to 2021, the average annual rate of growth in terms of value in Germany amounted to -10.5%. In the other countries, the average annual rates were as follows: the Netherlands (+11.7% per year) and France (-20.5% per year).

Import Prices by Country

In 2021, the import price in the European Union amounted to $X per unit, therefore, remained relatively stable against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The level of import peaked at $X per unit in 2020, and then fell in the following year.

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

From 2020 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+62.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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