Vietnam: Radio Receiver Market 2024

Radio Receiver Market Size in Vietnam

In 2022, the Vietnamese radio receiver market increased by X% to $X, rising for the second consecutive year after seven years of decline. Over the period under review, consumption, however, saw a deep slump. Over the period under review, the market attained the maximum level at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Radio Receiver Production in Vietnam

In value terms, radio receiver production fell slightly to $X in 2022 estimated in export price. In general, production recorded a abrupt slump. The most prominent rate of growth was recorded in 2021 when the production volume increased by X%. Radio receiver production peaked at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Radio Receiver Exports

Exports from Vietnam

In 2022, shipments abroad of radio receivers decreased by X% to X units, falling for the third consecutive year after four years of growth. Over the period under review, exports, however, enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, the exports hit record highs at X units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, radio receiver exports reduced markedly to $X in 2022. Overall, exports, however, continue to indicate a strong expansion. The pace of growth appeared the most rapid in 2014 when exports increased by X% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X units) was the main destination for radio receiver exports from Vietnam, accounting for a X% share of total exports. Moreover, radio receiver exports to the United States exceeded the volume sent to the second major destination, the Netherlands (X units), fourfold. Slovakia (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (X% per year) and Slovakia (X% per year).

In value terms, the United States ($X) remains the key foreign market for radio receivers exports from Vietnam, comprising X% of total exports. The second position in the ranking was held by the Netherlands ($X), with a X% share of total exports. It was followed by Slovakia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (X% per year) and Slovakia (X% per year).

Export Prices by Country

In 2022, the average radio receiver export price amounted to $X per unit, reducing by X% against the previous year. In general, the export price continues to indicate a slight curtailment. The pace of growth was the most pronounced in 2015 an increase of X%. The export price peaked at $X per unit in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

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 Canada ($X per unit), while the average price for exports to the United States ($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 the Netherlands (X%), while the prices for the other major destinations experienced more modest paces of growth.

Radio Receiver Imports

Imports into Vietnam

For the third consecutive year, Vietnam recorded decline in purchases abroad of radio receivers, which decreased by X% to X units in 2022. In general, imports, however, recorded a modest expansion. The growth pace was the most rapid in 2015 with an increase of X%. As a result, imports attained the peak of X units. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, radio receiver imports totaled $X in 2022. Over the period under review, imports, however, saw a prominent increase. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

China (X units), Thailand (X units) and Malaysia (X units) were the main suppliers of radio receiver imports to Vietnam, with a combined X% share of total imports. Germany, South Korea, Indonesia, Mexico and Japan lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Mexico (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X), China ($X) and Germany ($X) appeared to be the largest radio receiver suppliers to Vietnam, with a combined X% share of total imports. South Korea, Malaysia, Indonesia, Mexico and Japan lagged somewhat behind, together accounting for a further X%.

Mexico, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average radio receiver import price amounted to $X per unit, rising by X% against the previous year. Over the period under review, import price indicated prominent growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, radio receiver import price increased by X% against 2020 indices. The pace of growth was the most pronounced in 2014 an increase of X% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.

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 Germany ($X per unit), while the price for Malaysia ($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 (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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