U.S.: Radio Receiver Market 2023

Radio Receiver Market Size in the U.S.

In 2021, after four years of decline, there was significant growth in the U.S. radio receiver market, when its value increased by 8.9% to $X. Overall, consumption, however, saw a deep reduction. Radio receiver consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Radio Receiver Exports

Exports from the U.S.

In 2021, approx. X units of radio receivers were exported from the United States; rising by 27% on 2020 figures. Overall, exports, however, continue to indicate a abrupt descent. The pace of growth appeared the most rapid in 2014 with an increase of 121% against the previous year. As a result, the exports reached the peak of X units. From 2015 to 2021, the growth of the exports remained at a lower figure.

In value terms, radio receiver exports contracted dramatically to $X in 2021. In general, exports, however, recorded a abrupt descent. The pace of growth was the most pronounced in 2017 when exports increased by 9% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Canada (X units), Mexico (X units) and Australia (X units) were the main destinations of radio receiver exports from the United States, with a combined 57% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Australia (with a CAGR of +8.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X), Canada ($X) and the UK ($X) were the largest markets for radio receiver exported from the United States worldwide, with a combined 86% share of total exports.

Among the main countries of destination, Mexico, with a CAGR of +2.5%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2021, the average radio receiver export price amounted to $X per unit, with a decrease of -34% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the average export price increased by 130% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2016; however, from 2017 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was the UK ($X per unit), while the average price for exports to Argentina ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+7.6%), while the prices for the other major destinations experienced more modest paces of growth.

Radio Receiver Imports

Imports into the U.S.

In 2021, overseas purchases of radio receivers increased by 13% to X units, rising for the second consecutive year after five years of decline. Overall, imports, however, recorded a abrupt curtailment. The growth pace was the most rapid in 2014 with an increase of 17%. As a result, imports attained the peak of X units. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, radio receiver imports expanded significantly to $X in 2021. In general, imports, however, recorded a abrupt decline. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X units) constituted the largest supplier of radio receiver to the United States, accounting for a 68% share of total imports. Moreover, radio receiver imports from China exceeded the figures recorded by the second-largest supplier, Mexico (X units), fivefold. Thailand (X units) ranked third in terms of total imports with a 6.4% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at -6.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (-0.6% per year) and Thailand (+2.2% per year).

In value terms, Mexico ($X) constituted the largest supplier of radio receivers to the United States, comprising 39% of total imports. The second position in the ranking was held by China ($X), with a 19% share of total imports. It was followed by Thailand, with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Mexico stood at +2.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-15.0% per year) and Thailand (-0.3% per year).

Import Prices by Country

The average radio receiver import price stood at $X per unit in 2021, shrinking by -3.3% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when the average import price increased by 38%. Over the period under review, average import prices hit record highs at $X per unit in 2016; however, from 2017 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was South Korea ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+9.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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