SADC: Vehicle Radio Market 2025

Vehicle Radio Market Size in SADC

In 2022, after three years of decline, there was significant growth in the SADC vehicle radio market, when its value increased by 7.2% to $X. Over the period under review, consumption, however, continues to indicate a perceptible reduction. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Vehicle Radio Production in SADC

In value terms, vehicle radio production dropped to $X in 2022 estimated in export price. In general, production faced a dramatic decline. The most prominent rate of growth was recorded in 2018 when the production volume increased by 28%. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Vehicle Radio Exports

Exports in SADC

In 2022, overseas shipments of radio receivers for motor vehicles decreased by -44.7% to X units, falling for the second consecutive year after two years of growth. Over the period under review, exports saw a perceptible curtailment. The growth pace was the most rapid in 2017 when exports increased by 87% against the previous year. As a result, the exports reached the peak of X units. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, vehicle radio exports expanded slightly to $X in 2022. In general, exports continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2017 when exports increased by 72%. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

The biggest shipments were from South Africa (X units), together accounting for 98% of total export.

South Africa was also the fastest-growing in terms of the radio receivers for motor vehicles exports, with a CAGR of -4.0% from 2012 to 2022. From 2012 to 2022, the share of South Africa increased by +2.2 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) also remains the largest vehicle radio supplier in SADC.

In South Africa, vehicle radio exports decreased by an average annual rate of -5.6% over the period from 2012-2022.

Export Prices by Country

The export price in SADC stood at $X per unit in 2022, jumping by 90% against the previous year. Overall, the export price, however, saw a mild shrinkage. Over the period under review, the export prices reached the maximum at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for South Africa.

From 2012 to 2022, the rate of growth in terms of prices for South Africa amounted to -1.7% per year.

Vehicle Radio Imports

Imports in SADC

In 2022, overseas purchases of radio receivers for motor vehicles decreased by -2.7% to X units, falling for the fourth consecutive year after three years of growth. Overall, imports saw a noticeable downturn. The most prominent rate of growth was recorded in 2018 with an increase of 151% against the previous year. As a result, imports attained the peak of X units. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, vehicle radio imports fell slightly to $X in 2022. In general, imports continue to indicate a noticeable slump. The pace of growth was the most pronounced in 2018 when imports increased by 225%. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, South Africa (X units) was the key importer of radio receivers for motor vehicles, creating 58% of total imports. It was distantly followed by Botswana (X units) and Mauritius (X units), together mixing up a 32% share of total imports. Tanzania (X units) and Namibia (X units) held a little share of total imports.

From 2012 to 2022, average annual rates of growth with regard to vehicle radio imports into South Africa stood at +1.6%. At the same time, Botswana (+25.9%) and Mauritius (+3.1%) displayed positive paces of growth. Moreover, Botswana emerged as the fastest-growing importer imported in SADC, with a CAGR of +25.9% from 2012-2022. By contrast, Tanzania (-5.7%) and Namibia (-6.6%) illustrated a downward trend over the same period. Botswana (+25 p.p.), South Africa (+19 p.p.) and Mauritius (+2.1 p.p.) significantly strengthened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported radio receivers for motor vehicles in SADC, comprising 69% of total imports. The second position in the ranking was taken by Botswana ($X), with a 7.8% share of total imports. It was followed by Tanzania, with a 6.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value in South Africa amounted to -3.7%. In the other countries, the average annual rates were as follows: Botswana (+5.0% per year) and Tanzania (-2.8% per year).

Import Prices by Country

The import price in SADC stood at $X per unit in 2022, therefore, remained relatively stable against the previous year. Over the period under review, the import price, however, recorded a slight reduction. The most prominent rate of growth was recorded in 2015 when the import price increased by 62%. The level of import peaked at $X per unit in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Tanzania ($X per unit), while Botswana ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mauritius (+6.0%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform