Central Asia: Vehicle Radio Market 2024

Vehicle Radio Market Size in Central Asia

In 2022, the Central Asian vehicle radio market increased by 15% to $X, rising for the sixth consecutive year after two years of decline. Overall, consumption continues to indicate strong growth. Over the period under review, the market reached the maximum level in 2022 and is likely to continue growth in the immediate term.

Vehicle Radio Production in Central Asia

In value terms, vehicle radio production amounted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.5% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2017 with an increase of 16% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Vehicle Radio Exports

Exports in Central Asia

In 2022, approx. X units of radio receivers for motor vehicles were exported in Central Asia; approximately mirroring 2021 figures. In general, exports recorded a buoyant expansion. The pace of growth appeared the most rapid in 2016 with an increase of 84%. The volume of export peaked in 2022 and is likely to see gradual growth in the immediate term.

In value terms, vehicle radio exports shrank to $X in 2022. Over the period under review, exports continue to indicate a significant increase. The pace of growth was the most pronounced in 2016 with an increase of 90% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2021, and then dropped in the following year.

Exports by Country

Tajikistan prevails in exports structure, finishing at X units, which was near 94% of total exports in 2022. It was distantly followed by Kazakhstan (X units), achieving a 5.8% share of total exports.

Tajikistan was also the fastest-growing in terms of the radio receivers for motor vehicles exports, with a CAGR of +19.4% from 2012 to 2022. At the same time, Kazakhstan (+10.5%) displayed positive paces of growth. While the share of Tajikistan (+5.5 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Kazakhstan (-6.1 p.p.) displayed negative dynamics.

In value terms, Tajikistan ($X) remains the largest vehicle radio supplier in Central Asia, comprising 93% of total exports. The second position in the ranking was held by Kazakhstan ($X), with a 6.4% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Tajikistan totaled +26.1%.

Export Prices by Country

In 2022, the export price in Central Asia amounted to $X per unit, dropping by -2.6% against the previous year. Export price indicated a strong expansion from 2012 to 2022: its price increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, vehicle radio export price increased by +68.5% against 2012 indices. The most prominent rate of growth was recorded in 2013 when the export price increased by 10% against the previous year. The level of export peaked at $X per unit in 2021, and then declined in the following year.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Kazakhstan ($X per unit), while Tajikistan amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Tajikistan (+5.6%).

Vehicle Radio Imports

Imports in Central Asia

In 2022, vehicle radio imports in Central Asia skyrocketed to X units, increasing by 27% compared with 2021. Overall, imports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2017 with an increase of 204%. The volume of import peaked at X units in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, vehicle radio imports contracted to $X in 2022. Over the period under review, imports continue to indicate a prominent increase. The pace of growth was the most pronounced in 2019 with an increase of 209%. The level of import peaked at $X in 2021, and then dropped in the following year.

Imports by Country

Kazakhstan represented the major importer of radio receivers for motor vehicles in Central Asia, with the volume of imports reaching X units, which was approx. 62% of total imports in 2022. It was distantly followed by Mongolia (X units), generating a 30% share of total imports. Kyrgyzstan (X units), Uzbekistan (X units) and Tajikistan (X units) held a little share of total imports.

Kazakhstan was also the fastest-growing in terms of the radio receivers for motor vehicles imports, with a CAGR of +36.1% from 2012 to 2022. At the same time, Mongolia (+28.1%) displayed positive paces of growth. By contrast, Tajikistan (-4.2%), Kyrgyzstan (-4.3%) and Uzbekistan (-41.8%) illustrated a downward trend over the same period. While the share of Kazakhstan (+42 p.p.), Mongolia (+12 p.p.) and Uzbekistan (+1.8 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Tajikistan (-15.5 p.p.) and Kyrgyzstan (-33.2 p.p.) displayed negative dynamics.

In value terms, Kazakhstan ($X) constitutes the largest market for imported radio receivers for motor vehicles in Central Asia, comprising 80% of total imports. The second position in the ranking was held by Mongolia ($X), with an 8.9% share of total imports. It was followed by Uzbekistan, with a 7.6% share.

From 2012 to 2022, the average annual growth rate of value in Kazakhstan amounted to +38.5%. The remaining importing countries recorded the following average annual rates of imports growth: Mongolia (+15.2% per year) and Uzbekistan (+73.2% per year).

Import Prices by Country

The import price in Central Asia stood at $X per unit in 2022, waning by -27.4% against the previous year. Overall, the import price recorded a abrupt downturn. The most prominent rate of growth was recorded in 2018 when the import price increased by 219%. Over the period under review, import prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Uzbekistan ($X per unit), while Kyrgyzstan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (+197.9%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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