Report Venezuela - Radio Receivers for Motor Vehicles - Market Analysis, Forecast, Size, Trends and Insights for 499$
Latest Report Update: Sep 17, 2022

Venezuela - Radio Receivers for Motor Vehicles - Market Analysis, Forecast, Size, Trends and Insights
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Venezuela: Vehicle Radio Market 2022

Vehicle Radio Market Size in Venezuela

The Venezuelan vehicle radio market expanded to $X in 2021, growing by X% 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). In general, consumption, however, saw a dramatic setback. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Vehicle Radio Exports

Exports from Venezuela

In 2021, approx. X units of radio receivers for motor vehicles were exported from Venezuela; reducing by -X% on the year before. Overall, exports, however, saw a strong expansion. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. The exports peaked at X units in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, vehicle radio exports fell to $X in 2021. In general, exports, however, recorded a remarkable increase. The most prominent rate of growth was recorded in 2015 with an increase of X%. The exports peaked at $X in 2020, and then declined in the following year.

Exports by Country

Panama (X units) was the main destination for vehicle radio exports from Venezuela, with a approx. X% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Panama totaled +X%.

In value terms, Panama ($X) also remains the key foreign market for vehicle radio exports from Venezuela.

From 2012 to 2021, the average annual rate of growth in terms of value to Panama stood at +X%.

Export Prices by Country

The average vehicle radio export price stood at $X per unit in 2021, increasing by X% against the previous year. In general, the export price showed resilient growth. The most prominent rate of growth was recorded in 2019 an increase of X%. The export price peaked in 2021 and is expected to retain growth in the near future.

As there is only one major export destination, the average price level is determined by prices for Panama.

From 2012 to 2021, the rate of growth in terms of prices for Panama amounted to +X% per year.

Vehicle Radio Imports

Imports into Venezuela

In 2021, supplies from abroad of radio receivers for motor vehicles increased by X% to X units, rising for the second consecutive year after seven years of decline. Over the period under review, imports, however, faced a dramatic shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of X%. Imports peaked at X units in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, vehicle radio imports totaled $X in 2021. Overall, imports, however, showed a sharp contraction. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Ecuador (X units), Argentina (X units) and Japan (X units) were the main suppliers of vehicle radio imports to Venezuela, together accounting for X% of total imports. These countries were followed by China, the United States, Panama and Brazil, which together accounted for a further X 2012 to 2021, the biggest increases were in Brazil (with a CAGR of -X%), while purchases for the other leaders experienced a decline.

In value terms, Argentina ($X), the United States ($X) and Ecuador ($X) constituted the largest vehicle radio suppliers to Venezuela, together accounting for X% of total imports.

In terms of the main suppliers, Argentina, with a CAGR of -X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average vehicle radio import price stood at $X per unit in 2021, approximately mirroring the previous year. In general, the import price showed a noticeable increase. The most prominent rate of growth was recorded in 2018 an increase of X%. Over the period under review, average import prices reached the maximum at $X per unit in 2019; however, from 2020 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Panama ($X per unit), while the price for China ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

Base Year Historical Period Forecast Period Units
2021 2007-2021 2022-2030 US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for radio receivers for motor vehicles in the world?
+
Thailand remains the largest vehicle radio consuming country worldwide, accounting for 25% of total volume. Moreover, vehicle radio consumption in Thailand exceeded the figures recorded by the second-largest consumer, China, twofold. Hong Kong SAR ranked third in terms of total consumption with a 10% share.
What are the largest producers of radio receivers for motor vehicles in the world?
+
The countries with the highest volumes of production in 2021 were Thailand, China and Hong Kong SAR, together accounting for 65% of global production. Malaysia, Mexico, Poland and Saudi Arabia lagged somewhat behind, together comprising a further 28%.
What are the leading suppliers of radio receivers for motor vehicles to Venezuela?
+
In value terms, Argentina, the United States and Ecuador constituted the largest vehicle radio suppliers to Venezuela, with a combined 63% share of total imports.
What are the leading importers of radio receivers for motor vehicles from Venezuela?
+
In value terms, Panama $748) remains the key foreign market for vehicle radio exports from Venezuela.
What is the average export price for radio receivers for motor vehicles in Venezuela?
+
In 2021, the average vehicle radio export price amounted to $125 per unit, with an increase of 7.5% against the previous year.
What is the average import price for radio receivers for motor vehicles in Venezuela?
+
In 2021, the average vehicle radio import price amounted to $133 per unit, standing approx. at the previous year.

This report provides an in-depth analysis of the vehicle radio market in Venezuela. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.


Product coverage:
• Prodcom 26401290 - Radio receivers for motor vehicles, n.e.c.
Country coverage:
• Venezuela

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Venezuela
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2012–2021
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2012–2021
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2021
Table 2:
Market Volume, In Physical Terms, 2012–2021
Table 3:
Market Value, 2012–2021
Table 4:
Per Capita Consumption In 2012–2021
Table 5:
Imports, In Physical Terms, By Country, 2012–2021
Table 6:
Imports, In Value Terms, By Country, 2012–2021
Table 7:
Import Prices, By Country Of Origin, 2012–2021
Table 8:
Exports, In Physical Terms, By Country, 2012–2021
Table 9:
Exports, In Value Terms, By Country, 2012–2021
Table 10:
Export Prices, By Country Of Destination, 2012–2021
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2021
Figure 2:
Market Value, 2012–2021
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012–2021
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012–2021
Figure 5:
Trade Balance, In Physical Terms, 2012–2021
Figure 6:
Trade Balance, In Value Terms, 2012–2021
Figure 7:
Per Capita Consumption, 2012–2021
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2012–2021
Figure 21:
Production, In Value Terms, 2012–2021
Figure 22:
Imports, In Physical Terms, 2012–2021
Figure 23:
Imports, In Value Terms, 2012–2021
Figure 24:
Imports, In Physical Terms, By Country, 2021
Figure 25:
Imports, In Physical Terms, By Country, 2012–2021
Figure 26:
Imports, In Value Terms, By Country, 2012–2021
Figure 27:
Import Prices, By Country Of Origin, 2012–2021
Figure 28:
Exports, In Physical Terms, 2012–2021
Figure 29:
Exports, In Value Terms, 2012–2021
Figure 30:
Exports, In Physical Terms, By Country, 2021
Figure 31:
Exports, In Physical Terms, By Country, 2012–2021
Figure 32:
Exports, In Value Terms, By Country, 2012–2021
Figure 33:
Export Prices, By Country Of Destination, 2012–2021
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