U.S. - Radio Receivers - Market Analysis, Forecast, Size, Trends and Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingImport of Radio Receivers in the United States Slumps to $300M in June 2023
U.S. Radio Receiver Imports
After three months of growth, supplies from abroad of radio receivers decreased by -4.6% to 3.2M units in June 2023. Over the period under review, imports saw a perceptible contraction. The pace of growth was the most pronounced in January 2023 with an increase of 21% against the previous month. Imports peaked at 4.6M units in August 2022; however, from September 2022 to June 2023, imports remained at a lower figure.
In value terms, radio receiver imports shrank to $300M (IndexBox estimates) in June 2023. Overall, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in January 2023 with an increase of 17% m-o-m. Imports peaked at 356M units in August 2022; however, from September 2022 to June 2023, imports remained at a lower figure. 
Imports by Country
In June 2023, China (2M units) constituted the largest supplier of radio receiver to the United States, with a 62% share of total imports. Moreover, radio receiver imports from China exceeded the figures recorded by the second-largest supplier, Mexico (609K units), threefold. The third position in this ranking was taken by Thailand (190K units), with a 5.9% share.
From June 2022 to June 2023, the average monthly growth rate of volume from China amounted to -2.6%. The remaining supplying countries recorded the following average monthly rates of imports growth: Mexico (-0.6% per month) and Thailand (-3.2% per month).
In value terms, Mexico ($140M) constituted the largest supplier of radio receiver to the United States, comprising 47% of total imports. The second position in the ranking was held by China ($36M), with a 12% share of total imports. It was followed by South Korea, with a 10% share.
From June 2022 to June 2023, the average monthly growth rate of value from Mexico totaled +1.1%. The remaining supplying countries recorded the following average monthly rates of imports growth: China (-3.3% per month) and South Korea (-1.3% per month).
Imports by Type
Radio-broadcast receivers; operational without external power source, without sound recording or reproducing apparatus, including apparatus capable of receiving radio-telephony or radio-telegraphy (1.1M units), radio-broadcast receivers (867K units) and radio (telephony, telegraphy, broadcast) broadcast receivers; apparatus (other than pocket-size radio cassette-players), combined with sound recording or reproducing apparatus, not needing external power (380K units) were the main products of radio receiver imports to the United States, together accounting for 73% of total imports. Radio receivers for motor vehicles, radio-broadcast receivers n.e.c. in heading no. 8527; not combined with sound recording or reproducing apparatus and not combined with a clock, radio-broadcast receivers n.e.c. in heading no. 8527; combined with sound recording or reproducing apparatus, radio-broadcast receivers n.e.c. in heading no. 8527; not combined with sound recording or reproducing apparatus but combined with a clock and radio (telephony, telegraphy, broadcast) broadcast receivers; pocket-size radio cassette-players, operational without external power source, combined or not with sound recording or reproducing apparatus lagged somewhat behind, together accounting for a further 27%.
From June 2022 to June 2023, the biggest increases were in radio (telephony, telegraphy, broadcast) broadcast receivers; pocket-size radio cassette-players, operational without external power source, combined or not with sound recording or reproducing apparatus (with a CAGR of +4.9%), while purchases for the other products experienced a decline.
In value terms, radio-broadcast receivers ($197M) constituted the largest type of radio receiver supplied to the United States, comprising 66% of total imports. The second position in the ranking was held by radio receivers for motor vehicles ($52M), with a 17% share of total imports. It was followed by radio-broadcast receivers; operational without external power source, without sound recording or reproducing apparatus, including apparatus capable of receiving radio-telephony or radio-telegraphy, with a 4.8% share.
Import Prices by Country
In June 2023, the radio receiver price amounted to $92.5 per unit (CIF, US), approximately equating the previous month. Over the period from June 2022 to June 2023, it increased at an average monthly rate of +2.0%. The growth pace was the most rapid in February 2023 an increase of 17% m-o-m. Over the period under review, average import prices reached the peak figure at $112 per unit in March 2023; however, from April 2023 to June 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was South Korea ($340 per unit), while the price for China ($18.0 per unit) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Indonesia (+8.3%), while the prices for the other major suppliers experienced more modest paces of growth.
This report provides an in-depth analysis of the radio receiver market in the U.S.. 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:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- 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.
-
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
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
-
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
-
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
-
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
-
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 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
-
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 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
-
LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- 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, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
