France: Vehicle Radio Market 2024

Vehicle Radio Market Size in France

The French vehicle radio market fell markedly to $X in 2022, waning by -84.4% against the previous year. In general, consumption continues to indicate a slight contraction. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market failed to regain momentum.

Vehicle Radio Production in France

In value terms, vehicle radio production totaled $X in 2022 estimated in export price. Overall, production showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the production volume decreased by 99.9% against the previous year. Vehicle radio production peaked at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Vehicle Radio Exports

Exports from France

In 2022, overseas shipments of radio receivers for motor vehicles decreased by -73.6% to X units, falling for the second consecutive year after two years of growth. Overall, exports recorded a perceptible decline. The growth pace was the most rapid in 2015 with an increase of 1,021% against the previous year. The exports peaked at X units in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, vehicle radio exports shrank sharply to $X in 2022. Over the period under review, exports showed a noticeable downturn. The growth pace was the most rapid in 2015 when exports increased by 1,254%. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

Germany (X units), Italy (X units) and Spain (X units) were the main destinations of vehicle radio exports from France, with a combined 55% share of total exports. Morocco, Belgium, the UK, Austria, Australia, Switzerland and the Netherlands lagged somewhat behind, together comprising a further 35%.

From 2012 to 2022, the biggest increases were recorded for Morocco (with a CAGR of +45.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for vehicle radio exported from France were Morocco ($X), Germany ($X) and Italy ($X), together comprising 59% of total exports.

Morocco, with a CAGR of +51.4%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average vehicle radio export price stood at $X per unit in 2022, rising by 7.4% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 115%. As a result, the export price reached the peak level of $X per unit. From 2018 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Australia ($X per unit), while the average price for exports to Italy ($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 Tunisia (+12.7%), while the prices for the other major destinations experienced more modest paces of growth.

Vehicle Radio Imports

Imports into France

In 2022, the amount of radio receivers for motor vehicles imported into France dropped remarkably to X units, shrinking by -82.3% against the previous year. Over the period under review, imports saw a perceptible setback. The pace of growth appeared the most rapid in 2015 with an increase of 497%. Imports peaked at X units in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, vehicle radio imports shrank dramatically to $X in 2022. Overall, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2015 with an increase of 723%. Over the period under review, imports attained the peak figure at $X in 2016; however, from 2017 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Germany (X units) constituted the largest vehicle radio supplier to France, with a 49% share of total imports. Moreover, vehicle radio imports from Germany exceeded the figures recorded by the second-largest supplier, China (X units), twofold. The third position in this ranking was held by Japan (X units), with a 4.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (+9.1% per year) and Japan (+27.2% per year).

In value terms, the largest vehicle radio suppliers to France were Germany ($X), China ($X) and Japan ($X), with a combined 81% share of total imports. Taiwan (Chinese), the Czech Republic, Spain, Turkey and Italy lagged somewhat behind, together comprising a further 7.8%.

Among the main suppliers, Spain, with a CAGR of +37.4%, saw the highest growth rate of the value of imports, 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, growing by 51% against the previous year. Overall, import price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 Japan ($X per unit), while the price for Italy ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+16.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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