Paraguay: Radio Receiver Market 2023

Radio Receiver Market Size in Paraguay

The Paraguayan radio receiver market declined to $X in 2022, reducing by -10.6% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption saw a deep setback. Radio receiver consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Radio Receiver Exports

Exports from Paraguay

In 2022, overseas shipments of radio receivers decreased by -82.8% to X units, falling for the second year in a row after two years of growth. Over the period under review, exports showed a deep downturn. The growth pace was the most rapid in 2014 when exports increased by 838%. Over the period under review, the exports attained the maximum at X units in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, radio receiver exports contracted markedly to $X in 2022. In general, exports recorded a abrupt decline. The pace of growth appeared the most rapid in 2014 when exports increased by 504%. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

Chile (X units) was the main destination for radio receiver exports from Paraguay, with a 83% share of total exports. Moreover, radio receiver exports to Chile exceeded the volume sent to the second major destination, Guyana (X units), tenfold. The third position in this ranking was held by Brazil (X units), with a 4.9% share.

From 2012 to 2022, the average annual growth rate of volume to Chile amounted to +42.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guyana (0.0% per year) and Brazil (-21.2% per year).

In value terms, Chile ($X) emerged as the key foreign market for radio receivers exports from Paraguay, comprising 84% of total exports. The second position in the ranking was held by Bolivia ($X), with a 5.5% share of total exports. It was followed by Guyana, with a 5.2% share.

From 2012 to 2022, the average annual growth rate of value to Chile stood at +49.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bolivia (+20.8% per year) and Guyana (0.0% per year).

Export Prices by Country

In 2022, the average radio receiver export price amounted to $X per unit, reducing by -12.7% against the previous year. In general, the export price recorded a drastic downturn. The most prominent rate of growth was recorded in 2020 when the average export price increased by 116%. The export price peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Guyana ($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 Uruguay (+12.6%), while the prices for the other major destinations experienced more modest paces of growth.

Radio Receiver Imports

Imports into Paraguay

In 2022, radio receiver imports into Paraguay contracted remarkably to X units, reducing by -28.6% on 2021 figures. Over the period under review, imports faced a drastic downturn. The pace of growth appeared the most rapid in 2021 with an increase of 101%. Imports peaked at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, radio receiver imports fell to $X in 2022. In general, imports showed a drastic downturn. The pace of growth was the most pronounced in 2021 with an increase of 96% 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, China (X units) constituted the largest supplier of radio receiver to Paraguay, with a 84% share of total imports. Moreover, radio receiver imports from China exceeded the figures recorded by the second-largest supplier, Hong Kong SAR (X units), eightfold.

From 2012 to 2022, the average annual growth rate of volume from China totaled -14.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (+23.3% per year) and Malaysia (-15.5% per year).

In value terms, China ($X) constituted the largest supplier of radio receivers to Paraguay, comprising 87% of total imports. The second position in the ranking was taken by Hong Kong SAR ($X), with a 5% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China amounted to -15.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (+29.5% per year) and Malaysia (-16.1% per year).

Import Prices by Country

In 2022, the average radio receiver import price amounted to $X per unit, with an increase of 30% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. Over the period under review, average import prices reached the maximum at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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 Malaysia ($X per unit), while the price for Hong Kong SAR ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+5.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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