Eastern Asia: Vehicle Radio Market 2025

Vehicle Radio Market Size in Eastern Asia

The East Asian vehicle radio market was finally on the rise to reach $X in 2022, after two years of decline. In general, consumption recorded a prominent increase. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Vehicle Radio Production in Eastern Asia

In value terms, vehicle radio production totaled $X in 2022 estimated in export price. Overall, production saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of 17%. As a result, production attained the peak level of $X. From 2018 to 2022, production growth remained at a somewhat lower figure.

Vehicle Radio Exports

Exports in Eastern Asia

In 2022, overseas shipments of radio receivers for motor vehicles increased by 30% to X units, rising for the second year in a row after two years of decline. Over the period under review, exports, however, showed a pronounced curtailment. The volume of export peaked at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, vehicle radio exports skyrocketed to $X in 2022. In general, exports, however, continue to indicate a deep contraction. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

China dominates exports structure, recording X units, which was near 96% of total exports in 2022. Japan (X units) held a little share of total exports.

China was also the fastest-growing in terms of the radio receivers for motor vehicles exports, with a CAGR of +1.8% from 2012 to 2022. Japan (-12.4%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China increased by +35 percentage points.

In value terms, China ($X) remains the largest vehicle radio supplier in Eastern Asia, comprising 91% of total exports. The second position in the ranking was held by Japan ($X), with a 4.1% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in China amounted to +2.8%.

Export Prices by Country

The export price in Eastern Asia stood at $X per unit in 2022, picking up by 2.4% against the previous year. Over the period under review, the export price, however, continues to indicate a noticeable curtailment. The most prominent rate of growth was recorded in 2016 when the export price increased by 26%. As a result, the export price reached the peak level of $X per unit. From 2017 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Japan ($X per unit), while China stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+0.9%).

Vehicle Radio Imports

Imports in Eastern Asia

After eight years of decline, purchases abroad of radio receivers for motor vehicles increased by 7.2% to X units in 2022. Over the period under review, imports, however, continue to indicate a perceptible decline. The most prominent rate of growth was recorded in 2013 with an increase of 85%. As a result, imports attained the peak of X units. From 2014 to 2022, the growth of imports remained at a lower figure.

In value terms, vehicle radio imports expanded markedly to $X in 2022. Overall, imports saw noticeable growth. The most prominent rate of growth was recorded in 2014 when imports increased by 56% against the previous year. Over the period under review, imports reached the maximum at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

Japan represented the largest importer of radio receivers for motor vehicles in Eastern Asia, with the volume of imports finishing at X units, which was approx. 58% of total imports in 2022. China (X units) took a 29% share (based on physical terms) of total imports, which put it in second place, followed by Taiwan (Chinese) (6.2%). South Korea (X units) and Hong Kong SAR (X units) held a relatively small share of total imports.

Imports into Japan increased at an average annual rate of +6.8% from 2012 to 2022. At the same time, Taiwan (Chinese) (+13.7%), South Korea (+7.1%) and China (+5.4%) displayed positive paces of growth. Moreover, Taiwan (Chinese) emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of +13.7% from 2012-2022. By contrast, Hong Kong SAR (-28.3%) illustrated a downward trend over the same period. Japan (+37 p.p.), China (+17 p.p.), Taiwan (Chinese) (+5 p.p.) and South Korea (+2.3 p.p.) significantly strengthened its position in terms of the total imports, while Hong Kong SAR saw its share reduced by -61.5% from 2012 to 2022, respectively.

In value terms, Japan ($X) constitutes the largest market for imported radio receivers for motor vehicles in Eastern Asia, comprising 65% of total imports. The second position in the ranking was held by China ($X), with a 22% share of total imports. It was followed by Taiwan (Chinese), with a 6.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Japan stood at +10.4%. In the other countries, the average annual rates were as follows: China (-0.6% per year) and Taiwan (Chinese) (+16.6% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per unit in 2022, increasing by 6.5% against the previous year. Overall, the import price posted a resilient expansion. The most prominent rate of growth was recorded in 2014 an increase of 79%. The level of import peaked in 2022 and is expected to retain growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+14.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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