Northern America: Radio Receiver Market 2023

Radio Receiver Market Size in Northern America

The North American radio receiver market amounted to $X in 2022, growing by 11% against the previous year. Overall, consumption, however, continues to indicate a pronounced setback. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Radio Receiver Production in Northern America

In value terms, radio receiver production totaled $X in 2022 estimated in export price. Over the period under review, production enjoyed a significant increase. The pace of growth appeared the most rapid in 2013 when the production volume increased by 468%. Over the period under review, production reached the peak level at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

Radio Receiver Exports

Exports in Northern America

Radio receiver exports dropped to X units in 2022, with a decrease of -4.7% against the previous year's figure. In general, exports showed a deep reduction. The most prominent rate of growth was recorded in 2014 with an increase of 35% against the previous year. As a result, the exports reached the peak of X units. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, radio receiver exports fell to $X in 2022. Overall, exports showed a abrupt decline. The pace of growth appeared the most rapid in 2017 when exports increased by 8.8% against the previous year. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

The United States prevails in exports structure, accounting for X units, which was approx. 92% of total exports in 2022. It was distantly followed by Canada (X units), generating an 8.1% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to radio receiver exports from the United States stood at -9.5%. Canada (-7.0%) illustrated a downward trend over the same period. Canada (+1.8 p.p.) significantly strengthened its position in terms of the total exports, while the United States saw its share reduced by -1.8% from 2012 to 2022, respectively.

In value terms, the United States ($X) remains the largest radio receiver supplier in Northern America, comprising 97% of total exports. The second position in the ranking was taken by Canada ($X), with a 3.3% share of total exports.

From 2012 to 2022, the average annual growth rate of value in the United States amounted to -6.2%.

Export Prices by Country

The export price in Northern America stood at $X per unit in 2022, with an increase of 4.3% against the previous year. Over the period under review, the export price saw a noticeable expansion. The growth pace was the most rapid in 2016 an increase of 52%. Over the period under review, the export prices attained the maximum at $X per unit in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United States ($X per unit), while Canada amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+5.6%).

Radio Receiver Imports

Imports in Northern America

In 2022, purchases abroad of radio receivers increased by 0.7% to X units, rising for the second year in a row after eight years of decline. Overall, imports, however, recorded a pronounced curtailment. The growth pace was the most rapid in 2021 when imports increased by 12% against the previous year. The volume of import peaked at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, radio receiver imports amounted to $X in 2022. In general, imports, however, continue to indicate a pronounced slump. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The United States dominates imports structure, amounting to X units, which was near 94% of total imports in 2022. It was distantly followed by Canada (X units), constituting a 6.1% share of total imports.

The United States was also the fastest-growing in terms of the radio receivers imports, with a CAGR of -4.4% from 2012 to 2022. Canada (-9.0%) illustrated a downward trend over the same period. While the share of the United States (+3.5 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Canada (-3.5 p.p.) displayed negative dynamics.

In value terms, the United States ($X) constitutes the largest market for imported radio receivers in Northern America, comprising 92% of total imports. The second position in the ranking was held by Canada ($X), with an 8.3% share of total imports.

In the United States, radio receiver imports decreased by an average annual rate of -3.5% over the period from 2012-2022.

Import Prices by Country

The import price in Northern America stood at $X per unit in 2022, with an increase of 10% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The level of import peaked at $X per unit in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Canada ($X per unit), while the United States totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+1.0%).

Source: IndexBox Platform

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