Ethiopia: Vehicle Radio Market 2025

Vehicle Radio Market Size in Ethiopia

The Ethiopian vehicle radio market was finally on the rise to reach $X in 2022, after two years of decline. Over the period under review, consumption, however, faced a abrupt downturn. Vehicle radio consumption peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Vehicle Radio Exports

Exports from Ethiopia

In 2022, the amount of radio receivers for motor vehicles exported from Ethiopia totaled X units, standing approx. at 2021 figures. Over the period under review, exports continue to indicate a noticeable descent. The most prominent rate of growth was recorded in 2016 when exports increased by 50% against the previous year. As a result, the exports attained the peak of X units. From 2017 to 2022, the growth of the exports remained at a lower figure.

In value terms, vehicle radio exports reduced to $X in 2022. In general, exports showed a abrupt downturn. The growth pace was the most rapid in 2015 with an increase of 656%. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Ghana (X units), Tanzania (X units) and the United States (X units) were the main destinations of vehicle radio exports from Ethiopia, with a combined 50% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Ghana (with a CAGR of 0.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Mozambique ($X) remains the key foreign market for radio receivers for motor vehicles exports from Ethiopia, comprising 56% of total exports. The second position in the ranking was held by Tanzania ($X), with a 17% share of total exports. It was followed by Ghana, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Mozambique amounted to +4.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Tanzania (0.0% per year) and Ghana (-17.7% per year).

Export Prices by Country

The average vehicle radio export price stood at $X per unit in 2022, waning by -4.8% against the previous year. Over the period under review, the export price recorded a noticeable reduction. The most prominent rate of growth was recorded in 2015 when the average export price increased by 562% against the previous year. The export price peaked at $X per unit in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Mozambique ($X per unit), while the average price for exports to the United States ($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 Mozambique (+4.1%), while the prices for the other major destinations experienced a decline.

Vehicle Radio Imports

Imports into Ethiopia

In 2022, supplies from abroad of radio receivers for motor vehicles increased by 64% to X units for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, recorded a abrupt curtailment. The pace of growth appeared the most rapid in 2019 with an increase of 343%. Imports peaked at X units in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, vehicle radio imports skyrocketed to $X in 2022. Over the period under review, imports, however, saw a deep slump. The most prominent rate of growth was recorded in 2019 with an increase of 416% against the previous year. Over the period under review, imports reached the maximum at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the United States (X units) constituted the largest supplier of vehicle radio to Ethiopia, accounting for a 40% share of total imports. Moreover, vehicle radio imports from the United States exceeded the figures recorded by the second-largest supplier, France (X units), twofold. The third position in this ranking was held by Thailand (X units), with a 13% share.

From 2012 to 2022, the average annual growth rate of volume from the United States totaled +22.6%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+0.9% per year) and Thailand (-30.7% per year).

In value terms, the largest vehicle radio suppliers to Ethiopia were the United States ($X), Thailand ($X) and France ($X), together comprising 59% of total imports. Australia, China, Japan and India lagged somewhat behind, together comprising a further 38%.

Japan, with a CAGR of +31.3%, recorded the highest growth rate of 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, waning by -10.9% against the previous year. Overall, the import price, however, saw a pronounced expansion. The most prominent rate of growth was recorded in 2014 an increase of 187%. As a result, import price attained the peak level of $X per unit. From 2015 to 2022, the average import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+9.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform