Portugal: Vehicle Radio Market 2025

Vehicle Radio Market Size in Portugal

The Portuguese vehicle radio market reached $X in 2022, approximately reflecting the previous year. Over the period under review, consumption posted a significant expansion. Vehicle radio consumption peaked in 2022 and is expected to retain growth in the near future.

Vehicle Radio Production in Portugal

In value terms, vehicle radio production amounted to $X in 2022 estimated in export price. Over the period under review, production enjoyed significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 16,421% against the previous year. Over the period under review, production hit record highs in 2022 and is likely to continue growth in the near future.

Vehicle Radio Exports

Exports from Portugal

Vehicle radio exports from Portugal surged to X units in 2022, picking up by 28% on the year before. Overall, exports continue to indicate a remarkable increase. The pace of growth was the most pronounced in 2013 when exports increased by 207%. As a result, the exports reached the peak of X units. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, vehicle radio exports soared to $X in 2022. Over the period under review, exports recorded resilient growth. The growth pace was the most rapid in 2021 with an increase of 146% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.

Exports by Country

France (X units) was the main destination for vehicle radio exports from Portugal, accounting for a 38% share of total exports. Moreover, vehicle radio exports to France exceeded the volume sent to the second major destination, the UK (X units), threefold. The third position in this ranking was held by Angola (X units), with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to France stood at +105.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+13.9% per year) and Angola (+16.7% per year).

In value terms, the UK ($X) emerged as the key foreign market for radio receivers for motor vehicles exports from Portugal, comprising 42% of total exports. The second position in the ranking was taken by the United States ($X), with a 20% share of total exports. It was followed by France, with a 15% share.

From 2012 to 2022, the average annual growth rate of value to the UK amounted to +33.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+46.9% per year) and France (+116.6% per year).

Export Prices by Country

The average vehicle radio export price stood at $X per unit in 2022, picking up by 46% against the previous year. In general, export price indicated strong growth from 2012 to 2022: its price increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, vehicle radio export price increased by +95.4% against 2020 indices. The most prominent rate of growth was recorded in 2014 an increase of 54% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Germany ($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 (+17.4%), while the prices for the other major destinations experienced more modest paces of growth.

Vehicle Radio Imports

Imports into Portugal

In 2022, imports of radio receivers for motor vehicles into Portugal dropped to X units, declining by -6% compared with the previous year. Overall, imports, however, recorded a buoyant increase. The pace of growth was the most pronounced in 2019 when imports increased by 439% against the previous year. As a result, imports attained the peak of X units. From 2020 to 2022, the growth of imports failed to regain momentum.

In value terms, vehicle radio imports skyrocketed to $X in 2022. Over the period under review, imports, however, showed a resilient increase. The pace of growth appeared the most rapid in 2019 with an increase of 252% against the previous year. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Spain (X units) constituted the largest supplier of vehicle radio to Portugal, with a 51% share of total imports. Moreover, vehicle radio imports from Spain exceeded the figures recorded by the second-largest supplier, Denmark (X units), threefold. The third position in this ranking was held by Belgium (X units), with an 8.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Spain amounted to +7.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (-5.9% per year) and Belgium (+48.9% per year).

In value terms, Spain ($X) constituted the largest supplier of radio receivers for motor vehicles to Portugal, comprising 66% of total imports. The second position in the ranking was held by Germany ($X), with a 10% share of total imports. It was followed by Belgium, with a 4.8% share.

From 2012 to 2022, the average annual growth rate of value from Spain stood at +8.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+2.8% per year) and Belgium (+40.4% per year).

Import Prices by Country

The average vehicle radio import price stood at $X per unit in 2022, surging by 72% against the previous year. Over the period under review, the import price, however, recorded a slight downturn. The import price peaked at $X per unit in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+8.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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