Cuba: Radio Receiver Market 2025

Radio Receiver Market Size in Cuba

The Cuban radio receiver market contracted rapidly to $X in 2021, with a decrease of -17.4% against the previous year. Over the period under review, consumption showed a perceptible contraction. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market remained at a lower figure.

Radio Receiver Production in Cuba

In value terms, radio receiver production fell modestly to $X in 2021 estimated in export price. Over the period under review, production, however, saw prominent growth. The most prominent rate of growth was recorded in 2013 with an increase of 138%. Radio receiver production peaked at $X in 2017; however, from 2018 to 2021, production remained at a lower figure.

Radio Receiver Exports

Exports from Cuba

In 2021, approx. X units of radio receivers were exported from Cuba; picking up by 4,002% against 2020. In general, exports recorded a prominent increase. The most prominent rate of growth was recorded in 2019 with an increase of 43,700% against the previous year. Over the period under review, the exports reached the peak figure in 2021 and are likely to see gradual growth in the near future.

In value terms, radio receiver exports skyrocketed to $X in 2021. Over the period under review, exports continue to indicate a pronounced expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The Czech Republic (X units) was the main destination for radio receiver exports from Cuba, accounting for a 97% share of total exports. It was followed by El Salvador (X units), with a 3.2% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to the Czech Republic was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: El Salvador (+84.3% per year) and Angola (-96.6% per year).

In value terms, El Salvador ($X) emerged as the key foreign market for radio receivers exports from Cuba, comprising 57% of total exports. The second position in the ranking was held by the Czech Republic ($X), with a 22% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to El Salvador totaled +56.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (0.0% per year) and Angola (-65.6% per year).

Export Prices by Country

In 2021, the average radio receiver export price amounted to $X per unit, shrinking by -35.2% against the previous year. Overall, the export price showed a deep slump. The most prominent rate of growth was recorded in 2018 an increase of 1,302%. As a result, the export price reached the peak level of $X per unit. From 2019 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Angola ($X per unit), while the average price for exports to the Czech Republic ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Angola (+917.2%), while the prices for the other major destinations experienced mixed trend patterns.

Radio Receiver Imports

Imports into Cuba

In 2021, radio receiver imports into Cuba shrank rapidly to X units, with a decrease of -28.5% against 2020 figures. Over the period under review, imports saw a abrupt shrinkage. The pace of growth was the most pronounced in 2013 when imports increased by 119% against the previous year. As a result, imports reached the peak of X units. From 2014 to 2021, the growth of imports remained at a lower figure.

In value terms, radio receiver imports expanded remarkably to $X in 2021. In general, imports continue to indicate a mild shrinkage. The growth pace was the most rapid in 2013 when imports increased by 107%. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest radio receiver supplier to Cuba, accounting for a 62% share of total imports. Moreover, radio receiver imports from China exceeded the figures recorded by the second-largest supplier, Israel (X units), threefold. Guatemala (X units) ranked third in terms of total imports with an 8.4% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +6.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Israel (+61.1% per year) and Guatemala (+74.9% per year).

In value terms, China ($X) constituted the largest supplier of radio receivers to Cuba, comprising 43% of total imports. The second position in the ranking was held by Israel ($X), with a 15% share of total imports. It was followed by Panama, with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +9.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Israel (+76.3% per year) and Panama (-18.9% per year).

Import Prices by Country

The average radio receiver import price stood at $X per unit in 2021, picking up by 51% against the previous year. In general, the import price saw a resilient expansion. Over the period under review, average import prices reached the maximum at $X per unit in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Panama ($X per unit), while the price for Guatemala ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Panama (+21.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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