Bahrain: Vehicle Radio Market 2025

Vehicle Radio Market Size in Bahrain

The Bahraini vehicle radio market rose notably to $X in 2022, growing by 14% against the previous year. In general, consumption continues to indicate a perceptible increase. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Vehicle Radio Production in Bahrain

In value terms, vehicle radio production rose remarkably to $X in 2022 estimated in export price. In general, production enjoyed buoyant growth. The most prominent rate of growth was recorded in 2020 when the production volume increased by 67%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Vehicle Radio Exports

Exports from Bahrain

In 2022, overseas shipments of radio receivers for motor vehicles decreased by -94.9% to X units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports recorded a sharp decrease. The pace of growth appeared the most rapid in 2014 with an increase of 339%. Over the period under review, the exports attained the maximum at X units in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, vehicle radio exports reduced markedly to $X in 2022. In general, exports continue to indicate a significant decrease. The growth pace was the most rapid in 2014 with an increase of 216% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Indonesia (X units), Saudi Arabia (X units) and the United Arab Emirates (X units) were the main destinations of vehicle radio exports from Bahrain.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Indonesia (with a CAGR of 0.0%), while the other leaders experienced a decline.

In value terms, the largest markets for vehicle radio exported from Bahrain were Indonesia ($X), the United Arab Emirates ($X) and Saudi Arabia ($X).

Indonesia, with a CAGR of 0.0%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2022, the average vehicle radio export price amounted to $X per unit, reducing by -35.9% against the previous year. Overall, the export price, however, saw modest growth. The growth pace was the most rapid in 2019 when the average export price increased by 85%. Over the period under review, the average export prices attained the maximum at $X per unit in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Indonesia ($X per unit), while the average price for exports to Saudi Arabia ($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 UK (+20.1%), while the prices for the other major destinations experienced mixed trend patterns.

Vehicle Radio Imports

Imports into Bahrain

Vehicle radio imports into Bahrain skyrocketed to X units in 2022, rising by 62% against 2021. Over the period under review, imports, however, showed a deep contraction. The pace of growth was the most pronounced in 2020 with an increase of 2,591% against the previous year. As a result, imports attained the peak of X units. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, vehicle radio imports dropped significantly to $X in 2022. In general, imports, however, showed a deep setback. The pace of growth was the most pronounced in 2020 when imports increased by 437% against the previous year. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, China (X units) was the main vehicle radio supplier to Bahrain, with a 94% share of total imports. It was followed by Vietnam (X units), with a 2% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from China totaled -8.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+47.6% per year) and the United States (-40.9% per year).

In value terms, China ($X) constituted the largest supplier of radio receivers for motor vehicles to Bahrain, comprising 25% of total imports. The second position in the ranking was held by Vietnam ($X), with a 9.9% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China totaled -9.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+115.6% per year) and the United States (-36.6% per year).

Import Prices by Country

The average vehicle radio import price stood at $X per unit in 2022, dropping by -71.1% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average import price increased by 420% against the previous year. As a result, import price reached the peak level of $X per unit, and then contracted significantly in the following year.

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 Vietnam ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+46.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform