Venezuela: Radio Receiver Market 2022

Radio Receiver Market Size in Venezuela

The Venezuelan radio receiver market contracted notably to $X in 2021, which is down 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 faced a sharp slump. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Radio Receiver Exports

Exports from Venezuela

In 2021, overseas shipments of radio receivers increased by X% to X units, rising for the second consecutive year after two years of decline. Overall, exports, however, saw a deep reduction. The most prominent rate of growth was recorded in 2014 when exports increased by X%. The exports peaked at X units in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, radio receiver exports contracted dramatically to $X in 2021. Over the period under review, exports, however, recorded a slight increase. The pace of growth appeared the most rapid in 2014 when exports increased by X%. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Panama (X units), Spain (X units) and Guatemala (X units) were the main destinations of radio receiver exports from Venezuela, together accounting for X% of total exports.

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

In value terms, Panama ($X), Switzerland ($X) and Spain ($X) were the largest markets for radio receiver exported from Venezuela worldwide, together accounting for X% of total exports.

Switzerland, with a CAGR of +X%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average radio receiver export price stood at $X per unit in 2021, dropping by -X% against the previous year. In general, the export price, however, posted a remarkable increase. The most prominent rate of growth was recorded in 2013 when the average export price increased by X%. The export price peaked at $X per unit in 2020, and then contracted markedly in the following year.

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

Radio Receiver Imports

Imports into Venezuela

In 2021, approx. X units of radio receivers were imported into Venezuela; reducing by -X% against the year before. In general, imports faced a sharp contraction. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at X units in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, radio receiver imports fell remarkably to $X in 2021. Over the period under review, imports recorded a dramatic curtailment. The most prominent rate of growth was recorded in 2017 with an increase of X%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, the United States (X units) constituted the largest supplier of radio receiver to Venezuela, with a X% share of total imports. Moreover, radio receiver imports from the United States exceeded the figures recorded by the second-largest supplier, China (X units), twofold. The third position in this ranking was occupied by Panama (X units), with a X% share.

From 2012 to 2021, the average annual growth rate of volume from the United States amounted to -X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-X% per year) and Panama (-X% per year).

In value terms, the United States ($X) constituted the largest supplier of radio receiver to Venezuela, comprising X% of total imports. The second position in the ranking was occupied by Panama ($X), with a X% share of total imports. It was followed by China, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States amounted to -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Panama (-X% per year) and China (-X% per year).

Import Prices by Country

In 2021, the average radio receiver import price amounted to $X per unit, declining by -X% against the previous year. Over the period under review, the import price, however, posted prominent growth. The most prominent rate of growth was recorded in 2017 an increase of X%. The import price peaked at $X per unit in 2020, and then shrank in the following year.

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