Report Update Feb 1, 2025

Colombia - Radio Receivers for Motor Vehicles - Market Analysis, Forecast, Size, Trends and Insights

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Colombia: Vehicle Radio Market 2025

Vehicle Radio Market Size in Colombia

In 2022, the Colombian vehicle radio market was finally on the rise to reach $X for the first time since 2019, thus ending a two-year declining trend. In general, consumption continues to indicate strong growth. Vehicle radio consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Vehicle Radio Exports

Exports from Colombia

In 2022, shipments abroad of radio receivers for motor vehicles was finally on the rise to reach X units for the first time since 2019, thus ending a two-year declining trend. Overall, exports recorded a tangible increase. The growth pace was the most rapid in 2019 with an increase of 904%. Over the period under review, the exports attained the peak figure at X units in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, vehicle radio exports skyrocketed to $X in 2022. Over the period under review, exports saw a strong expansion. The most prominent rate of growth was recorded in 2019 when exports increased by 1,551% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

Panama (X units) was the main destination for vehicle radio exports from Colombia, accounting for a 90% share of total exports. Moreover, vehicle radio exports to Panama exceeded the volume sent to the second major destination, Brazil (X units), more than tenfold. The United States (X units) ranked third in terms of total exports with a 1.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Panama stood at +4.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (0.0% per year) and the United States (0.0% per year).

In value terms, Panama ($X) remains the key foreign market for radio receivers for motor vehicles exports from Colombia, comprising 83% of total exports. The second position in the ranking was taken by Brazil ($X), with a 9.1% share of total exports. It was followed by the United States, with a 2.8% share.

From 2012 to 2022, the average annual growth rate of value to Panama totaled +8.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (0.0% per year) and the United States (+17.3% per year).

Export Prices by Country

In 2022, the average vehicle radio export price amounted to $X per unit, falling by -13.5% against the previous year. In general, the export price, however, continues to indicate a resilient expansion. The pace of growth appeared the most rapid in 2019 when the average export price increased by 64% against the previous year. Over the period under review, the average export prices reached the maximum at $X per unit in 2021, and then shrank in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ecuador ($X per unit), while the average price for exports to Panama ($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 Bolivia (+17.7%), while the prices for the other major destinations experienced more modest paces of growth.

Vehicle Radio Imports

Imports into Colombia

In 2022, supplies from abroad of radio receivers for motor vehicles was finally on the rise to reach X units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports recorded prominent growth. The growth pace was the most rapid in 2018 with an increase of 194% against the previous year. Imports peaked at X units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, vehicle radio imports skyrocketed to $X in 2022. In general, imports posted a prominent expansion. The pace of growth appeared the most rapid in 2018 when imports increased by 238%. Over the period under review, imports attained the maximum at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Romania (X units), Thailand (X units) and Chile (X units) were the main suppliers of vehicle radio imports to Colombia, together accounting for 53% of total imports.

From 2012 to 2022, the biggest increases were recorded for Romania (with a CAGR of +146.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest vehicle radio suppliers to Colombia were Chile ($X), Thailand ($X) and Romania ($X), with a combined 57% share of total imports.

Romania, with a CAGR of +231.8%, 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

The average vehicle radio import price stood at $X per unit in 2022, surging by 6.1% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 19%. The import price peaked in 2022 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Hong Kong SAR ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+34.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for radio receivers for motor vehicles in the world?

Thailand constituted the country with the largest volume of vehicle radio consumption, accounting for 25% of total volume. Moreover, vehicle radio consumption in Thailand exceeded the figures recorded by the second-largest consumer, Hong Kong SAR, threefold. South Africa ranked third in terms of total consumption with an 8.9% share.

What are the largest producers of radio receivers for motor vehicles in the world?

Thailand remains the largest vehicle radio producing country worldwide, accounting for 37% of total volume. Moreover, vehicle radio production in Thailand exceeded the figures recorded by the second-largest producer, China, threefold. Hong Kong SAR ranked third in terms of total production with a 12% share.

What are the leading suppliers of radio receivers for motor vehicles to Colombia?

In value terms, Thailand constituted the largest supplier of vehicle radio to Colombia, comprising 68% of total imports. The second position in the ranking was occupied by China, with a 21% share of total imports. It was followed by Panama, with a 2.7% share.

What are the leading importers of radio receivers for motor vehicles from Colombia?

In value terms, Panama remains the key foreign market for vehicle radio exports from Colombia, comprising 94% of total exports. The second position in the ranking was occupied by the United States $355), with a 1% share of total exports.

What is the average export price for radio receivers for motor vehicles in Colombia?

In 2021, the average vehicle radio export price amounted to $133 per unit, leveling off at the previous year.

What is the average import price for radio receivers for motor vehicles in Colombia?

The average vehicle radio import price stood at $68 per unit in 2021, increasing by 38% against the previous year.

This report provides an in-depth analysis of the vehicle radio market in Colombia. 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 26401290 - Radio receivers for motor vehicles, n.e.c.

Country coverage:

Colombia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Colombia
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
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. 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
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. 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
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. 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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. 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
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
2. EXPORTS BY COUNTRY
3. 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
1. Key Findings In 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country Of Destination, 2012–2024