Hong Kong SAR, China: Radio Receiver Market 2024

Radio Receiver Market Size in Hong Kong SAR, China

In 2022, the Hong Kong radio receiver market was finally on the rise to reach $X after three years of decline. Overall, consumption, however, continues to indicate a abrupt downturn. Over the period under review, the market attained the maximum level at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Radio Receiver Exports

Exports from Hong Kong SAR, China

For the tenth year in a row, Hong Kong SAR recorded decline in overseas shipments of radio receivers, which decreased by X% to X units in 2022. Over the period under review, exports continue to indicate a sharp descent. The smallest decline of X% was in 2021. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, radio receiver exports dropped significantly to $X in 2022. Overall, exports showed a sharp curtailment. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X units) was the main destination for radio receiver exports from Hong Kong SAR, accounting for a X% share of total exports. Moreover, radio receiver exports to the United States exceeded the volume sent to the second major destination, Japan (X units), threefold. China (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (X% per year) and China (X% per year).

In value terms, the largest markets for radio receiver exported from Hong Kong SAR were China ($X), the United States ($X) and Japan ($X), with a combined X% share of total exports. Brazil, Austria, the UK, Germany, Australia, France, Sweden, Belgium, Taiwan (Chinese) and Canada lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, Austria, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2022, the average radio receiver export price amounted to $X per unit, which is down by X% against the previous year. In general, export price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, radio receiver export price increased by X% against 2015 indices. The growth pace was the most rapid in 2021 an increase of X%. As a result, the export price attained the peak level of $X per unit, and then declined in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per unit), while the average price for exports to Sweden ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (X%), while the prices for the other major destinations experienced more modest paces of growth.

Radio Receiver Imports

Imports into Hong Kong SAR, China

In 2022, after nine years of decline, there was significant growth in supplies from abroad of radio receivers, when their volume increased by X% to X units. Over the period under review, imports, however, continue to indicate a drastic downturn. Imports peaked at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, radio receiver imports shrank notably to $X in 2022. In general, imports, however, saw a sharp setback. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the United States (X units) constituted the largest radio receiver supplier to Hong Kong SAR, with a X% share of total imports. Moreover, radio receiver imports from the United States exceeded the figures recorded by the second-largest supplier, China (X units), threefold.

From 2012 to 2022, the average annual growth rate of volume from the United States totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Singapore (X% per year).

In value terms, China ($X) constituted the largest supplier of radio receivers to Hong Kong SAR, comprising X% of total imports. The second position in the ranking was taken by the United States ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Singapore (X% per year).

Import Prices by Country

The average radio receiver import price stood at $X per unit in 2022, falling by X% against the previous year. Over the period under review, the import price saw a deep setback. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. As a result, import price reached the peak level of $X per unit, and then fell sharply in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per unit), while the price for the United States ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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