Tanzania: Vehicle Radio Market 2025

Vehicle Radio Market Size in Tanzania

The Tanzanian vehicle radio market dropped to $X in 2022, which is down by -4.1% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption saw a pronounced decrease. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Vehicle Radio Exports

Exports from Tanzania

In 2022, vehicle radio exports from Tanzania reduced sharply to X units, declining by -92.5% compared with the previous year's figure. Overall, exports faced a sharp slump. The growth pace was the most rapid in 2016 when exports increased by 207%. 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 contracted sharply to $X in 2022. In general, exports faced a precipitous slump. The pace of growth appeared the most rapid in 2016 when exports increased by 249% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

South Africa (X units), the UK (X units) and Germany (X units) were the main destinations of vehicle radio exports from Tanzania.

From 2012 to 2022, the biggest increases were recorded for the UK (with a CAGR of -10.9%), while shipments for the other leaders experienced a decline.

In value terms, the UK ($X) emerged as the key foreign market for radio receivers for motor vehicles exports from Tanzania, comprising 76% of total exports. The second position in the ranking was held by Germany ($X), with a 23% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the UK totaled -13.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-47.6% per year) and South Africa (-59.0% per year).

Export Prices by Country

The average vehicle radio export price stood at $X per unit in 2022, which is down by -39.2% against the previous year. In general, the export price continues to indicate a deep reduction. The most prominent rate of growth was recorded in 2017 an increase of 48% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per unit), while the average price for exports to South Africa ($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 (-2.3%), while the prices for the other major destinations experienced a decline.

Vehicle Radio Imports

Imports into Tanzania

Vehicle radio imports into Tanzania shrank significantly to X units in 2022, reducing by -17.4% on the year before. Overall, imports saw a deep setback. The pace of growth appeared the most rapid in 2020 with an increase of 307% against the previous year. As a result, imports attained the peak of X units. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, vehicle radio imports reached $X in 2022. Over the period under review, imports saw a noticeable decline. The pace of growth was the most pronounced in 2020 when imports increased by 296%. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, China (X units) was the main supplier of vehicle radio to Tanzania, accounting for a 92% share of total imports. Moreover, vehicle radio imports from China exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X units), more than tenfold. The third position in this ranking was held by Italy (X units), with a 2.1% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +3.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+74.3% per year) and Italy (+3.9% per year).

In value terms, China ($X) constituted the largest supplier of radio receivers for motor vehicles to Tanzania, comprising 93% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with a 3.4% share of total imports. It was followed by Italy, with a 2.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +6.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+98.7% per year) and Italy (+7.2% per year).

Import Prices by Country

In 2022, the average vehicle radio import price amounted to $X per unit, increasing by 22% against the previous year. In general, import price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, vehicle radio import price increased by +36.0% against 2020 indices. The most prominent rate of growth was recorded in 2015 when the average import price increased by 41%. As a result, import price reached the peak level of $X per unit. From 2016 to 2022, the average import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Japan ($X per unit) and the United Arab Emirates ($X per unit), while the price for Italy ($X per unit) and China ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+14.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform