Indonesia: Vehicle Radio Market 2025

Vehicle Radio Market Size in Indonesia

In 2022, the Indonesian vehicle radio market increased by 434% to $X, rising for the third year in a row after six years of decline. In general, consumption continues to indicate prominent growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Vehicle Radio Production in Indonesia

In value terms, vehicle radio production skyrocketed to $X in 2022 estimated in export price. Overall, production enjoyed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 2,363,481,200% against the previous year. Vehicle radio production peaked at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

Vehicle Radio Exports

Exports from Indonesia

In 2022, shipments abroad of radio receivers for motor vehicles decreased by -51.2% to X units, falling for the second consecutive year after two years of growth. Overall, exports, however, recorded significant growth. The growth pace was the most rapid in 2014 with an increase of 581% against the previous year. The exports peaked at X units in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, vehicle radio exports fell to $X in 2022. Over the period under review, exports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2014 when exports increased by 483% against the previous year. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X units), Belgium (X units) and Singapore (X units) were the main destinations of vehicle radio exports from Indonesia, together accounting for 66% of total exports.

From 2012 to 2022, the biggest increases were recorded for Singapore (with a CAGR of +99.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for vehicle radio exported from Indonesia were the United States ($X), Belgium ($X) and Singapore ($X), with a combined 66% share of total exports.

Singapore, with a CAGR of +129.7%, 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

In 2022, the average vehicle radio export price amounted to $X per unit, rising by 92% against the previous year. Over the period under review, the export price continues to indicate resilient growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Malaysia ($X per unit) and Japan ($X per unit), while the average price for exports to Panama ($X per unit) and Australia ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+19.7%), while the prices for the other major destinations experienced more modest paces of growth.

Vehicle Radio Imports

Imports into Indonesia

In 2022, overseas purchases of radio receivers for motor vehicles increased by 16% to X units, rising for the second consecutive year after two years of decline. In general, imports, however, recorded a slight downturn. The most prominent rate of growth was recorded in 2018 with an increase of 884% against the previous year. As a result, imports reached the peak of X units. From 2019 to 2022, the growth of imports remained at a lower figure.

In value terms, vehicle radio imports soared to $X in 2022. Over the period under review, imports saw prominent growth. The growth pace was the most rapid in 2018 when imports increased by 825%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, Thailand (X units) constituted the largest supplier of vehicle radio to Indonesia, with a 76% share of total imports. Moreover, vehicle radio imports from Thailand exceeded the figures recorded by the second-largest supplier, China (X units), fourfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Thailand amounted to -3.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+18.1% per year) and India (+10.3% per year).

In value terms, Thailand ($X) constituted the largest supplier of radio receivers for motor vehicles to Indonesia, comprising 76% of total imports. The second position in the ranking was taken by China ($X), with a 20% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Thailand stood at +4.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+27.7% per year) and India (+32.5% per year).

Import Prices by Country

In 2022, the average vehicle radio import price amounted to $X per unit, growing by 72% against the previous year. In general, the import price posted buoyant growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Thailand ($X per unit), while the price for India ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+20.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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