Report Update Nov 1, 2024

Saudi Arabia - Radio Receivers for Motor Vehicles - Market Analysis, Forecast, Size, Trends and Insights

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Saudi Arabia: Vehicle Radio Market 2024

Vehicle Radio Market Size in Saudi Arabia

The Saudi vehicle radio market declined remarkably to $X in 2022, waning by -15.7% against the previous year. Over the period under review, consumption, however, recorded significant growth. Vehicle radio consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Vehicle Radio Production in Saudi Arabia

In value terms, vehicle radio production expanded sharply to $X in 2022 estimated in export price. In general, production, however, posted buoyant growth. The growth pace was the most rapid in 2020 with an increase of 26%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Vehicle Radio Exports

Exports from Saudi Arabia

In 2022, exports of radio receivers for motor vehicles from Saudi Arabia skyrocketed to X units, rising by 22% compared with the year before. Overall, exports, however, recorded a significant decline. The pace of growth was the most pronounced in 2018 with an increase of 800%. Over the period under review, the exports reached the maximum at X units in 2012; however, from 2013 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, showed a dramatic decrease. The pace of growth was the most pronounced in 2018 when exports increased by 626% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

South Africa (X units) was the main destination for vehicle radio exports from Saudi Arabia, with a 64% share of total exports. Moreover, vehicle radio exports to South Africa exceeded the volume sent to the second major destination, the Philippines (X units), fourfold.

From 2018 to 2022, the average annual rate of growth in terms of volume to South Africa was relatively modest.

In value terms, South Africa ($X) and the Philippines ($X) constituted the largest markets for vehicle radio exported from Saudi Arabia worldwide.

The Philippines, with a CAGR of 0.0%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review.

Export Prices by Country

The average vehicle radio export price stood at $X per unit in 2022, shrinking by -23.4% against the previous year. In general, the export price saw a pronounced slump. The most prominent rate of growth was recorded in 2020 an increase of 109% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2021 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Philippines ($X per unit), while the average price for exports to South Africa totaled $X per unit.

From 2018 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (0.0%), while the prices for the other major destinations experienced more modest paces of growth.

Vehicle Radio Imports

Imports into Saudi Arabia

In 2018, approx. X units of radio receivers for motor vehicles were imported into Saudi Arabia; surging by 170% on the previous year's figure. Overall, imports continue to indicate significant growth. The most prominent rate of growth was recorded in 2013 with an increase of 311% against the previous year. Imports peaked in 2018 and are expected to retain growth in years to come.

In value terms, vehicle radio imports soared to $X in 2018. Over the period under review, imports recorded significant growth. The pace of growth appeared the most rapid in 2013 with an increase of 158% against the previous year. Over the period under review, imports reached the peak figure at $X in 2015; however, from 2016 to 2018, imports stood at a somewhat lower figure.

Imports by Country

In 2018, China (X units) was the main supplier of vehicle radio to Saudi Arabia, with a approx. 99% share of total imports.

From 2012 to 2018, the average annual growth rate of volume from China stood at +78.0%.

In value terms, China ($X) constituted the largest supplier of radio receivers for motor vehicles to Saudi Arabia.

From 2012 to 2018, the average annual rate of growth in terms of value from China amounted to +32.1%.

Import Prices by Country

The average vehicle radio import price stood at $X per unit in 2018, reducing by -45% against the previous year. Over the period under review, the import price continues to indicate a dramatic setback. The most prominent rate of growth was recorded in 2015 when the average import price decreased by -5.8%. The import price peaked at $X per unit in 2012; however, from 2013 to 2018, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2018, the rate of growth in terms of prices for China amounted to -25.8% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for radio receivers for motor vehicles in the world?

Thailand constituted the country with the largest volume of vehicle radio consumption, accounting for 25% of total volume. Moreover, vehicle radio consumption in Thailand exceeded the figures recorded by the second-largest consumer, Hong Kong SAR, threefold. The third position in this ranking was occupied by South Africa, with an 8.9% share.

What are the largest producers of radio receivers for motor vehicles in the world?

The country with the largest volume of vehicle radio production was Thailand, accounting for 37% of total volume. Moreover, vehicle radio production in Thailand exceeded the figures recorded by the second-largest producer, China, threefold. Hong Kong SAR ranked third in terms of total production with a 12% share.

What are the leading suppliers of radio receivers for motor vehicles to Saudi Arabia?

In value terms, China constituted the largest supplier of vehicle radio to Saudi Arabia.

What are the leading importers of radio receivers for motor vehicles from Saudi Arabia?

In value terms, the largest markets for vehicle radio exported from Saudi Arabia were Romania, Switzerland and Egypt, with a combined 93% share of total exports. These countries were followed by Ecuador, which accounted for a further 7.5%.

What is the average export price for radio receivers for motor vehicles in Saudi Arabia?

In 2021, the average vehicle radio export price amounted to $79 per unit, remaining stable against the previous year.

What is the average import price for radio receivers for motor vehicles in Saudi Arabia?

In 2018, the average vehicle radio import price amounted to $8 per unit, reducing by -43.7% against the previous year.

This report provides an in-depth analysis of the vehicle radio market in Saudi Arabia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 26401290 - Radio receivers for motor vehicles, n.e.c.

Country coverage:

Saudi Arabia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Saudi Arabia
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023