Singapore: Radio Receiver Market 2025

Radio Receiver Market Size in Singapore

In 2022, the Singaporean radio receiver market increased by 40% to $X, rising for the second year in a row after four years of decline. Over the period under review, consumption, however, showed a mild slump. Radio receiver consumption peaked at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Radio Receiver Production in Singapore

In value terms, radio receiver production declined markedly to $X in 2022 estimated in export price. Overall, production showed a deep reduction. The growth pace was the most rapid in 2015 when the production volume increased by 145%. Radio receiver production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Radio Receiver Exports

Exports from Singapore

In 2022, overseas shipments of radio receivers increased by 97% to X units, rising for the second consecutive year after two years of decline. Overall, exports, however, continue to indicate a abrupt curtailment. Over the period under review, the exports attained the peak figure at X units in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, radio receiver exports surged to $X in 2022. In general, exports, however, recorded a abrupt downturn. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

The Netherlands (X units) was the main destination for radio receiver exports from Singapore, with a 62% share of total exports. Moreover, radio receiver exports to the Netherlands exceeded the volume sent to the second major destination, India (X units), sixfold. The third position in this ranking was held by Malaysia (X units), with a 4% share.

From 2012 to 2022, the average annual growth rate of volume to the Netherlands totaled +81.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (-11.8% per year) and Malaysia (-6.3% per year).

In value terms, the Netherlands ($X) emerged as the key foreign market for radio receivers exports from Singapore, comprising 58% of total exports. The second position in the ranking was taken by India ($X), with a 13% share of total exports. It was followed by Indonesia, with a 3.8% share.

From 2012 to 2022, the average annual growth rate of value to the Netherlands totaled +54.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (-13.2% per year) and Indonesia (-24.2% per year).

Export Prices by Country

In 2022, the average radio receiver export price amounted to $X per unit, reducing by -3.7% against the previous year. In general, the export price recorded a abrupt downturn. The growth pace was the most rapid in 2020 when the average export price increased by 32% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2022, the 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 Thailand ($X per unit), while the average price for exports to Malaysia ($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 Thailand (+16.9%), while the prices for the other major destinations experienced a decline.

Radio Receiver Imports

Imports into Singapore

In 2022, purchases abroad of radio receivers increased by 132% to X units, rising for the second consecutive year after four years of decline. In general, imports, however, showed a noticeable reduction. Imports peaked at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, radio receiver imports soared to $X in 2022. Overall, imports, however, continue to indicate a abrupt downturn. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Malaysia (X units) constituted the largest radio receiver supplier to Singapore, with a 69% share of total imports. Moreover, radio receiver imports from Malaysia exceeded the figures recorded by the second-largest supplier, Indonesia (X units), fivefold. The third position in this ranking was taken by China (X units), with an 11% share.

From 2012 to 2022, the average annual growth rate of volume from Malaysia totaled +1.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (-1.7% per year) and China (-16.4% per year).

In value terms, Malaysia ($X) constituted the largest supplier of radio receivers to Singapore, comprising 46% of total imports. The second position in the ranking was taken by Indonesia ($X), with a 13% share of total imports. It was followed by China, with a 12% share.

From 2012 to 2022, the average annual growth rate of value from Malaysia totaled -10.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (-9.0% per year) and China (-17.8% per year).

Import Prices by Country

The average radio receiver import price stood at $X per unit in 2022, declining by -34.2% against the previous year. In general, the import price recorded a abrupt decrease. The growth pace was the most rapid in 2018 an increase of 32%. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 Vietnam ($X per unit), while the price for Malaysia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+1.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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