Hungary: Vehicle Radio Market 2025

Vehicle Radio Market Size in Hungary

The Hungarian vehicle radio market soared to $X in 2022, increasing by 90% against the previous year. Over the period under review, consumption recorded a strong increase. Vehicle radio consumption peaked in 2022 and is expected to retain growth in the immediate term.

Vehicle Radio Production in Hungary

In value terms, vehicle radio production shrank rapidly to $X in 2022 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the production volume increased by 1,883% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

Vehicle Radio Exports

Exports from Hungary

Vehicle radio exports from Hungary shrank modestly to X units in 2022, waning by -2.9% compared with the year before. Overall, exports, however, posted a significant increase. The most prominent rate of growth was recorded in 2018 when exports increased by 3,173%. Over the period under review, the exports reached the peak figure at X units in 2021, and then shrank in the following year.

In value terms, vehicle radio exports contracted notably to $X in 2022. In general, exports, however, recorded significant growth. The pace of growth appeared the most rapid in 2015 with an increase of 4,273%. The exports peaked at $X in 2021, and then contracted remarkably in the following year.

Exports by Country

Germany (X units), Poland (X units) and Italy (X units) were the main destinations of vehicle radio exports from Hungary, together comprising 93% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Poland (with a CAGR of +501.9%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for vehicle radio exported from Hungary were Germany ($X), Poland ($X) and Italy ($X), together comprising 96% of total exports.

Poland, with a CAGR of +479.3%, 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, shrinking by -12.9% against the previous year. Overall, the export price, however, continues to indicate a strong increase. The pace of growth was the most pronounced in 2015 an increase of 362%. The export price peaked at $X per unit in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Taiwan (Chinese) ($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 the United States (+14.9%), while the prices for the other major destinations experienced more modest paces of growth.

Vehicle Radio Imports

Imports into Hungary

After five years of growth, overseas purchases of radio receivers for motor vehicles decreased by -26% to X units in 2022. In general, imports, however, showed a significant expansion. The pace of growth appeared the most rapid in 2014 when imports increased by 4,894%. Over the period under review, imports attained the peak figure at X units in 2021, and then reduced rapidly in the following year.

In value terms, vehicle radio imports soared to $X in 2022. Overall, imports, however, recorded a significant expansion. The pace of growth appeared the most rapid in 2014 with an increase of 2,381%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Taiwan (Chinese) (X units) was the main supplier of vehicle radio to Hungary, accounting for a 91% share of total imports. Moreover, vehicle radio imports from Taiwan (Chinese) exceeded the figures recorded by the second-largest supplier, the Philippines (X units), more than tenfold. The third position in this ranking was held by Germany (X units), with a 3.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Taiwan (Chinese) amounted to +219.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the Philippines (+635.5% per year) and Germany (+74.9% per year).

In value terms, Taiwan (Chinese) ($X) constituted the largest supplier of radio receivers for motor vehicles to Hungary, comprising 90% of total imports. The second position in the ranking was taken by Germany ($X), with a 5.1% share of total imports. It was followed by the Philippines, with a 3.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Taiwan (Chinese) stood at +189.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+61.9% per year) and the Philippines (+637.8% per year).

Import Prices by Country

The average vehicle radio import price stood at $X per unit in 2022, surging by 60% against the previous year. Over the period under review, the import price, however, showed a abrupt decrease. Over the period under review, average import prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat 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 Germany ($X per unit), while the price for Austria ($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 Philippines (+0.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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