Pakistan: Radio Receiver Market 2023

Radio Receiver Market Size in Pakistan

In 2022, the Pakistani radio receiver market decreased by -39.7% to $X for the first time since 2019, thus ending a two-year rising trend. In general, consumption, however, saw a resilient increase. Radio receiver consumption peaked at $X in 2021, and then contracted markedly in the following year.

Radio Receiver Exports

Exports from Pakistan

In 2022, approx. X units of radio receivers were exported from Pakistan; dropping by -93.1% against the previous year's figure. Over the period under review, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 4,046%. The exports peaked at X units in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, radio receiver exports contracted dramatically to $X in 2022. In general, exports recorded a abrupt curtailment. The pace of growth appeared the most rapid in 2016 with an increase of 992%. Over the period under review, the exports reached the maximum at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X units), Uganda (X units) and Thailand (X units) were the main destinations of radio receiver exports from Pakistan, together accounting for 77% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Uganda (with a CAGR of +32.4%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) emerged as the key foreign market for radio receivers exports from Pakistan, comprising 71% of total exports. The second position in the ranking was taken by Uganda ($X), with a 9.3% share of total exports. It was followed by Thailand, with an 8.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Uganda (+47.2% per year) and Thailand (+32.3% per year).

Export Prices by Country

The average radio receiver export price stood at $X per unit in 2022, picking up by 194% against the previous year. Overall, the export price, however, continues to indicate a deep setback. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Uganda ($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 Switzerland (+240.3%), while the prices for the other major destinations experienced more modest paces of growth.

Radio Receiver Imports

Imports into Pakistan

After two years of growth, purchases abroad of radio receivers decreased by -55.3% to X units in 2022. Overall, imports, however, enjoyed a modest expansion. The growth pace was the most rapid in 2014 with an increase of 327%. As a result, imports attained the peak of X units. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, radio receiver imports reduced sharply to $X in 2022. In general, imports, however, showed resilient growth. The growth pace was the most rapid in 2014 when imports increased by 256% against the previous year. Imports peaked at $X in 2021, and then shrank significantly in the following year.

Imports by Country

In 2022, China (X units) constituted the largest supplier of radio receiver to Pakistan, accounting for a 89% share of total imports. Moreover, radio receiver imports from China exceeded the figures recorded by the second-largest supplier, Malaysia (X units), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +3.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+7.9% per year) and Indonesia (-7.7% per year).

In value terms, China ($X) constituted the largest supplier of radio receivers to Pakistan, comprising 91% of total imports. The second position in the ranking was taken by Indonesia ($X), with a 1.4% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +17.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (+4.3% per year) and Malaysia (-17.2% per year).

Import Prices by Country

The average radio receiver import price stood at $X per unit in 2022, surging by 42% against the previous year. Over the period under review, the import price showed a resilient increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 ($X per unit), while the price for Malaysia ($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 (+14.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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