Mexico - Radio Receivers - Market Analysis, Forecast, Size, Trends and Insights
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View PricingExports of Radio Receivers in October 2023 Reach An Average of $176M in Mexico
Mexico Radio Receiver Exports
In October 2023, overseas shipments of radio receivers decreased by -3.6% to 726K units for the first time since July 2023, thus ending a two-month rising trend. In general, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in December 2022 with an increase of 87% month-to-month. The exports peaked at 846K units in March 2023; however, from April 2023 to October 2023, the exports failed to regain momentum.
In value terms, radio receiver exports fell to $176M (IndexBox estimates) in October 2023. Over the period under review, total exports indicated a notable increase from October 2022 to October 2023: its value increased at an average monthly rate of +2.6% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on October 2023 figures, exports increased by +28.1% against July 2023 indices. The pace of growth appeared the most rapid in December 2022 with an increase of 77% month-to-month. The exports peaked at 193M units in March 2023; however, from April 2023 to October 2023, the exports stood at a somewhat lower figure.
| COUNTRY | Export Value of Radio Receiver in Mexico (million USD) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 | Apr 2023 | May 2023 | Jun 2023 | Jul 2023 | Aug 2023 | Sep 2023 | Oct 2023 | |
| United States | 122 | 84.8 | 158 | 101 | 150 | 171 | 124 | 140 | 173 | 131 | 149 | 169 | 152 |
| Japan | N/A | N/A | N/A | 15.3 | 10.2 | 16.0 | 9.8 | 12.5 | 7.4 | N/A | N/A | N/A | 18.0 |
| Brazil | 8.1 | 8.2 | 7.5 | 10.1 | 7.8 | 5.8 | 6.9 | 6.7 | 6.0 | 6.1 | 8.4 | 7.9 | 5.7 |
| Others | < 0.1 | 0.3 | 0.4 | N/A | N/A | N/A | 0.3 | 0.6 | 0.1 | N/A | 0.2 | < 0.1 | N/A |
| Total | 130 | 93.3 | 165 | 127 | 168 | 193 | 141 | 160 | 187 | 137 | 157 | 177 | 176 |
Exports by Country
The United States (666K units) was the main destination for radio receiver exports from Mexico, accounting for a 92% share of total exports. Moreover, radio receiver exports to the United States exceeded the volume sent to the second major destination, Japan (31K units), more than tenfold.
From October 2022 to October 2023, the average monthly growth rate of volume to the United States was relatively modest. Exports to the other major destinations recorded the following average monthly rates of exports growth: Japan (+1.0% per month) and Brazil (-2.7% per month).
In value terms, the United States ($152M) remains the key foreign market for radio receiver exports from Mexico, comprising 87% of total exports. The second position in the ranking was held by Japan ($18M), with a 10% share of total exports.
From October 2022 to October 2023, the average monthly rate of growth in terms of value to the United States totaled +1.9%. Exports to the other major destinations recorded the following average monthly rates of exports growth: Japan (+1.8% per month) and Brazil (-2.9% per month).
Exports by Type
Radio-broadcast receivers (465K units), radio receivers for motor vehicles (258K units) and radio-broadcast receivers n.e.c. in heading no. 8527; combined with sound recording or reproducing apparatus (2.7K units) were the main products of radio receiver exports from Mexico, together comprising 99.9% of total exports.
From October 2022 to October 2023, the biggest increases were in radio-broadcast receivers n.e.c. in heading no. 8527; combined with sound recording or reproducing apparatus (with a CAGR of +7.6%), while shipments for the other products experienced more modest paces of growth.
In value terms, radio-broadcast receivers ($128M) remains the largest type of radio receiver exported from Mexico, comprising 73% of total exports. The second position in the ranking was held by radio receivers for motor vehicles ($48M), with a 27% share of total exports. It was followed by radio-broadcast receivers n.e.c. in heading no. 8527; combined with sound recording or reproducing apparatus, with a 0.1% share.
From October 2022 to October 2023, the average monthly growth rate of the export volume of radio-broadcast receivers stood at +3.5%. With regard to the other exported products, the following average monthly rates of growth were recorded: radio receivers for motor vehicles (+0.4% per month) and radio-broadcast receivers n.e.c. in heading no. 8527; combined with sound recording or reproducing apparatus (+7.4% per month).
Export Prices by Country
In October 2023, the radio receiver price stood at $243 per unit (FOB, Mexico), growing by 3.3% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +2.4%. The most prominent rate of growth was recorded in November 2022 an increase of 25% month-to-month. Over the period under review, the average export prices hit record highs in October 2023.
There were significant differences in the average prices for the major overseas markets. In October 2023, the country with the highest price was Japan ($588 per unit), while the average price for exports to Brazil ($195 per unit) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+1.9%), while the prices for the other major destinations experienced mixed trend patterns.
This report provides an in-depth analysis of the radio receiver market in Mexico. 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 26401100 - Radio broadcast receivers (except for cars), capable of operating without an external source of power
- Prodcom 26401270 - Radio receivers for motor vehicles with sound recording or reproducing apparatus
- Prodcom 26401290 - Radio receivers for motor vehicles, n.e.c.
Country coverage:
- Mexico
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Mexico
- 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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2024
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2024
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2024
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Per Capita Consumption In 2012-2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
- Trade Balance, In Physical Terms, 2012-2024
- Trade Balance, In Value Terms, 2012-2024
- Per Capita Consumption, 2012-2024
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2024
- Production, In Value Terms, 2012–2024
- Imports, In Physical Terms, 2012–2024
- Imports, In Value Terms, 2012–2024
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, 2012–2024
- Exports, In Value Terms, 2012–2024
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
