Italy: Vehicle Radio Market 2025

Vehicle Radio Market Size in Italy

In 2022, after two years of growth, there was significant decline in the Italian vehicle radio market, when its value decreased by -7.9% to $X. In general, consumption showed a deep reduction. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Vehicle Radio Production in Italy

In value terms, vehicle radio production stood at less than $X in 2022 estimated in export price. In general, production, however, saw a significant expansion. The pace of growth appeared the most rapid in 2019 when the production volume decreased by 99.9% against the previous year. Vehicle radio production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Vehicle Radio Exports

Exports from Italy

In 2022, shipments abroad of radio receivers for motor vehicles decreased by -48.3% to X units, falling for the fourth year in a row after four years of growth. In general, exports, however, posted a strong increase. The pace of growth was the most pronounced in 2018 with an increase of 306%. As a result, the exports reached the peak of X units. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, vehicle radio exports dropped significantly to $X in 2022. Over the period under review, exports, however, posted a strong expansion. The pace of growth was the most pronounced in 2016 when exports increased by 106%. Over the period under review, the exports reached the peak figure at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X units), Poland (X units) and Belgium (X units) were the main destinations of vehicle radio exports from Italy, with a combined 83% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of +48.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Poland ($X) and the UK ($X) constituted the largest markets for vehicle radio exported from Italy worldwide, with a combined 85% share of total exports.

Poland, with a CAGR of +73.0%, recorded the highest growth rate of the value of exports, in terms of 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, surging by 47% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average export price increased by 227% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 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 China ($X per unit), while the average price for exports to France ($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 Poland (+21.4%), while the prices for the other major destinations experienced more modest paces of growth.

Vehicle Radio Imports

Imports into Italy

In 2022, overseas purchases of radio receivers for motor vehicles decreased by -44.1% to X units, falling for the fourth consecutive year after two years of growth. Over the period under review, imports continue to indicate a precipitous contraction. The most prominent rate of growth was recorded in 2017 with an increase of 197% against the previous year. Imports peaked at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, vehicle radio imports fell dramatically to $X in 2022. In general, imports showed a precipitous contraction. The most prominent rate of growth was recorded in 2017 when imports increased by 81% against the previous year. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Poland (X units), the Netherlands (X units) and China (X units) were the main suppliers of vehicle radio imports to Italy, with a combined 71% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +197.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest vehicle radio suppliers to Italy were the Netherlands ($X), Germany ($X) and Bulgaria ($X), together comprising 70% of total imports.

Bulgaria, with a CAGR of +972.1%, saw the highest growth rate of the value of imports, among 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 -14.8% against the previous year. In general, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2019 an increase of 163%. The import price peaked at $X per unit in 2014; however, from 2015 to 2022, 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 Bulgaria ($X per unit), while the price for Poland ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bulgaria (+333.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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