Portugal: Radio Receiver Market 2023

Radio Receiver Market Size in Portugal

In 2022, the Portuguese radio receiver market increased by 79% to $X, rising for the third consecutive year after two years of decline. Overall, consumption showed a significant increase. Radio receiver consumption peaked in 2022 and is likely to continue growth in years to come.

Radio Receiver Production in Portugal

In value terms, radio receiver production skyrocketed to $X in 2022 estimated in export price. In general, production posted a mild increase. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Radio Receiver Exports

Exports from Portugal

In 2022, shipments abroad of radio receivers decreased by -5% to X units, falling for the third year in a row after two years of growth. In general, exports continue to indicate a abrupt setback. The pace of growth appeared the most rapid in 2015 when exports increased by 26% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, radio receiver exports rose modestly to $X in 2022. Overall, exports saw a noticeable contraction. The most prominent rate of growth was recorded in 2016 with an increase of 46%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Germany (X units), Spain (X units) and France (X units) were the main destinations of radio receiver exports from Portugal, together accounting for 68% of total exports. Italy, Slovakia, the United States, Hungary, Belgium, the UK and the Czech Republic lagged somewhat behind, together comprising a further 27%.

From 2012 to 2022, the biggest increases were recorded for Slovakia (with a CAGR of +114.3%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Germany ($X) remains the key foreign market for radio receivers exports from Portugal, comprising 50% of total exports. The second position in the ranking was taken by Spain ($X), with an 11% share of total exports. It was followed by Slovakia, with an 11% share.

From 2012 to 2022, the average annual growth rate of value to Germany was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (-5.5% per year) and Slovakia (+144.0% per year).

Export Prices by Country

In 2022, the average radio receiver export price amounted to $X per unit, picking up by 7.2% against the previous year. In general, export price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of +6.7% 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 +63.0% against 2019 indices. The growth pace was the most rapid in 2016 when the average export price increased by 46%. The export price peaked in 2022 and is likely to continue growth in the near future.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Slovakia ($X per unit), while the average price for exports to France ($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 Slovakia (+13.9%), while the prices for the other major destinations experienced more modest paces of growth.

Radio Receiver Imports

Imports into Portugal

In 2022, after three years of growth, there was significant decline in overseas purchases of radio receivers, when their volume decreased by -46.4% to X units. Over the period under review, imports saw a deep reduction. The pace of growth appeared the most rapid in 2021 when imports increased by 58% against the previous year. Over the period under review, imports attained the maximum at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, radio receiver imports dropped notably to $X in 2022. In general, imports continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2021 when imports increased by 72% against the previous year. As a result, imports reached the peak of $X, and then contracted remarkably in the following year.

Imports by Country

Germany (X units), China (X units) and the Netherlands (X units) were the main suppliers of radio receiver imports to Portugal, together comprising 78% of total imports.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of +9.5%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Germany ($X), China ($X) and Spain ($X) constituted the largest radio receiver suppliers to Portugal, together comprising 76% of total imports.

In terms of the main suppliers, Germany, with a CAGR of +14.9%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average radio receiver import price stood at $X per unit in 2022, flattening at the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when the average import price increased by 50% against the previous year. Over the period under review, average import prices reached the peak figure at $X per unit in 2018; however, from 2019 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 Belgium ($X per unit), while the price for the Netherlands ($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 (+12.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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