Netherlands: Vehicle Radio Market 2024

Vehicle Radio Market Size in the Netherlands

The Dutch vehicle radio market surged to $X in 2022, growing by 30% against the previous year. Overall, consumption, however, showed a deep setback. Vehicle radio consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Vehicle Radio Production in the Netherlands

In value terms, vehicle radio production expanded notably to $X in 2022 estimated in export price. In general, production saw a strong expansion. The pace of growth was the most pronounced in 2020 when the production volume increased by 68%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Vehicle Radio Exports

Exports from the Netherlands

After two years of growth, shipments abroad of radio receivers for motor vehicles decreased by -9.7% to X units in 2022. Overall, exports continue to indicate a precipitous shrinkage. The growth pace was the most rapid in 2021 with an increase of 134%. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, vehicle radio exports declined modestly to $X in 2022. In general, exports saw a deep setback. The most prominent rate of growth was recorded in 2020 when exports increased by 521%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The UK (X units), Argentina (X units) and Romania (X units) were the main destinations of vehicle radio exports from the Netherlands, with a combined 69% share 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 Argentina (with a CAGR of +222.5%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for vehicle radio exported from the Netherlands were the UK ($X), Argentina ($X) and Brazil ($X), together comprising 68% of total exports.

In terms of the main countries of destination, Argentina, with a CAGR of +190.7%, saw the highest growth rate of 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

In 2022, the average vehicle radio export price amounted to $X per unit, with an increase of 7.3% against the previous year. Overall, the export price continues to indicate a resilient increase. The most prominent rate of growth was recorded in 2020 when the average export price increased by 295% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2021 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Brazil ($X per unit), while the average price for exports to the Czech Republic ($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 UK (+21.2%), while the prices for the other major destinations experienced more modest paces of growth.

Vehicle Radio Imports

Imports into the Netherlands

Vehicle radio imports into the Netherlands skyrocketed to X units in 2022, growing by 106% against 2021. Over the period under review, imports, however, showed a precipitous decrease. The pace of growth appeared the most rapid in 2020 with an increase of 217% against the previous year. Over the period under review, imports hit record highs at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, vehicle radio imports skyrocketed to $X in 2022. Overall, imports, however, saw a precipitous decline. The pace of growth appeared the most rapid in 2020 with an increase of 874%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Belgium (X units), China (X units) and the UK (X units) were the main suppliers of vehicle radio imports to the Netherlands, with a combined 75% share of total imports. The United States, Hong Kong SAR, Germany, Taiwan (Chinese) and the Czech Republic lagged somewhat behind, together comprising a further 20%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Hong Kong SAR (with a CAGR of +23.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X) constituted the largest supplier of radio receivers for motor vehicles to the Netherlands, comprising 45% of total imports. The second position in the ranking was held by the UK ($X), with a 22% share of total imports. It was followed by China, with a 7.7% share.

From 2012 to 2022, the average annual growth rate of value from Belgium amounted to +6.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+25.5% per year) and China (-27.7% per year).

Import Prices by Country

The average vehicle radio import price stood at $X per unit in 2022, picking up by 6.4% against the previous year. In general, the import price, however, continues to indicate a mild setback. The growth pace was the most rapid in 2020 an increase of 207%. As a result, import price reached the peak level of $X per unit. From 2021 to 2022, the average 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 Germany ($X per unit), while the price for China ($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 UK (+5.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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