Greece: Radio Receiver Market 2024

Radio Receiver Market Size in Greece

For the fourth consecutive year, the Greek radio receiver market recorded decline in sales value, which decreased by -17.9% to $X in 2022. Overall, consumption saw a abrupt descent. Radio receiver consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Radio Receiver Exports

Exports from Greece

In 2022, shipments abroad of radio receivers decreased by -57.2% to X units for the first time since 2019, thus ending a two-year rising trend. In general, exports, however, posted a strong increase. The growth pace was the most rapid in 2021 with an increase of 2,424%. As a result, the exports attained the peak of X units, and then fell markedly in the following year.

In value terms, radio receiver exports declined dramatically to $X in 2022. Overall, exports, however, continue to indicate mild growth. The most prominent rate of growth was recorded in 2021 when exports increased by 1,538%. As a result, the exports attained the peak of $X, and then dropped markedly in the following year.

Exports by Country

Poland (X units), Italy (X units) and Hungary (X units) were the main destinations of radio receiver exports from Greece, together accounting for 71% of total exports. Spain, Slovakia, Cyprus, Portugal, Bulgaria and Israel lagged somewhat behind, together comprising a further 21%.

From 2012 to 2022, the biggest increases were recorded for Portugal (with a CAGR of +468.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Cyprus ($X) and Italy ($X) constituted the largest markets for radio receiver exported from Greece worldwide, with a combined 62% share of total exports. Hungary, Slovakia, Spain, Bulgaria, Portugal and Israel lagged somewhat behind, together accounting for a further 16%.

Among the main countries of destination, Hungary, with a CAGR of +41.7%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average radio receiver export price stood at $X per unit in 2022, which is down by -56.3% against the previous year. Overall, the export price continues to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2016 an increase of 137% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Israel ($X per unit), while the average price for exports to Portugal ($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 Israel (+56.0%), while the prices for the other major destinations experienced mixed trend patterns.

Radio Receiver Imports

Imports into Greece

In 2022, purchases abroad of radio receivers increased by 28% to X units, rising for the second consecutive year after four years of decline. Over the period under review, imports, however, saw a mild shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 45% against the previous year. Imports peaked at X units in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, radio receiver imports rose to $X in 2022. Overall, imports, however, continue to indicate a perceptible downturn. The most prominent rate of growth was recorded in 2018 when imports increased by 23%. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of radio receiver to Greece, accounting for a 77% share of total imports. Moreover, radio receiver imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), more than tenfold. The third position in this ranking was taken by Poland (X units), with a 3.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +2.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-0.4% per year) and Poland (-19.6% per year).

In value terms, China ($X) constituted the largest supplier of radio receivers to Greece, comprising 46% of total imports. The second position in the ranking was taken by Belgium ($X), with a 13% share of total imports. It was followed by Germany, with a 9% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to +3.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+0.1% per year) and Germany (+0.2% per year).

Import Prices by Country

In 2022, the average radio receiver import price amounted to $X per unit, dropping by -19.5% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average import price increased by 30% against the previous year. The import price peaked at $X per unit in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+3.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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