Turkey: Vehicle Radio Market 2025

Vehicle Radio Market Size in Turkey

The Turkish vehicle radio market reduced to $X in 2022, which is down by -12% 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 deep downturn. Vehicle radio consumption peaked at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Vehicle Radio Exports

Exports from Turkey

In 2022, the amount of radio receivers for motor vehicles exported from Turkey declined notably to X units, reducing by -76.5% on 2021 figures. Over the period under review, exports recorded a abrupt contraction. The pace of growth appeared the most rapid in 2015 with an increase of 1,029% against the previous year. As a result, the exports reached the peak of X units. From 2016 to 2022, the growth of the exports remained at a lower figure.

In value terms, vehicle radio exports dropped remarkably to $X in 2022. In general, exports showed a deep slump. The most prominent rate of growth was recorded in 2015 with an increase of 691%. As a result, the exports attained the peak of $X. From 2016 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Russia (X units), Qatar (X units) and Tajikistan (X units) were the main destinations of vehicle radio exports from Turkey, with a combined 73% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Russia (with a CAGR of +295.2%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Syrian Arab Republic ($X) and Liberia ($X) appeared to be the largest markets for vehicle radio exported from Turkey worldwide, together accounting for 45% of total exports. Tajikistan, Russia, Iran and Qatar lagged somewhat behind, together accounting for a further 17%.

Among the main countries of destination, Russia, with a CAGR of +222.5%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average vehicle radio export price stood at $X per unit in 2022, picking up by 242% against the previous year. In general, the export price, however, recorded a abrupt contraction. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

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 Germany ($X per unit), while the average price for exports to Qatar ($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 Bulgaria (+28.2%), while the prices for the other major destinations experienced mixed trend patterns.

Vehicle Radio Imports

Imports into Turkey

In 2022, the amount of radio receivers for motor vehicles imported into Turkey fell to X units, waning by -11.8% compared with 2021. Overall, imports showed a abrupt decrease. The most prominent rate of growth was recorded in 2021 when imports increased by 417%. Over the period under review, imports attained the maximum at X units in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, vehicle radio imports reduced notably to $X in 2022. In general, imports recorded a significant decline. The pace of growth appeared the most rapid in 2018 when imports increased by 75% against the previous year. Over the period under review, imports reached the peak figure at $X in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) was the main vehicle radio supplier to Turkey, accounting for a 99% share of total imports. It was followed by South Korea (X units), with a 0.2% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from China amounted to -1.8%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (-29.5% per year) and Thailand (-49.0% per year).

In value terms, China ($X) constituted the largest supplier of radio receivers for motor vehicles to Turkey, comprising 66% of total imports. The second position in the ranking was held by Thailand ($X), with a 3.1% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China totaled -13.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (-39.6% per year) and South Korea (-31.7% per year).

Import Prices by Country

The average vehicle radio import price stood at $X per unit in 2022, falling by -18.6% against the previous year. Overall, the import price continues to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2018 when the average import price increased by 124% against the previous year. As a result, import price reached the peak level of $X per unit. From 2019 to 2022, the average import prices remained at a somewhat lower figure.

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 Thailand ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+18.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :