U.S.: Radio Receiver Market 2025

Radio Receiver Market Size in the U.S.

The U.S. radio receiver market rose rapidly to $X in 2022, with an increase of 12% against the previous year. Overall, consumption, however, recorded a mild decline. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Radio Receiver Production in the U.S.

In value terms, radio receiver production amounted to $X in 2022. Overall, production recorded a significant expansion. The most prominent rate of growth was recorded in 2016 with an increase of 281%. As a result, production reached the peak level of $X. From 2017 to 2022, production growth failed to regain momentum.

Radio Receiver Exports

Exports from the U.S.

For the eighth consecutive year, the United States recorded decline in overseas shipments of radio receivers, which decreased by -4.5% to X units in 2022. Overall, exports recorded a deep contraction. The pace of growth was the most pronounced in 2014 when exports increased by 35% against the previous year. As a result, the exports attained the peak of X units. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, radio receiver exports dropped slightly to $X in 2022. Over the period under review, exports showed a abrupt contraction. The pace of growth appeared the most rapid in 2017 with an increase of 9% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Canada (X units), Mexico (X units) and the UK (X units) were the main destinations of radio receiver exports from the United States, with a combined 81% share of total exports.

From 2012 to 2022, the biggest increases were recorded for the UK (with a CAGR of +12.5%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Mexico ($X), Canada ($X) and the UK ($X) were the largest markets for radio receiver exported from the United States worldwide, with a combined 84% share of total exports. Brazil, Japan, Germany, Australia and China lagged somewhat behind, together accounting for a further 6.7%.

In terms of the main countries of destination, Brazil, with a CAGR of +5.4%, saw 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 radio receiver export price stood at $X per unit in 2022, rising by 4.5% against the previous year. In general, the export price showed a pronounced expansion. The pace of growth was the most pronounced in 2016 when the average export price increased by 52% against the previous year. Over the period under review, the average export prices reached the maximum at $X per unit in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Mexico ($X per unit), while the average price for exports to Australia ($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 Mexico (+7.1%), while the prices for the other major destinations experienced more modest paces of growth.

Radio Receiver Imports

Imports into the U.S.

In 2022, overseas purchases of radio receivers increased by 1.9% to X units, rising for the third year in a row after seven years of decline. In general, imports, however, saw a pronounced downturn. The pace of growth appeared the most rapid in 2021 when imports increased by 16% against the previous year. Over the period under review, imports attained the peak figure at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, radio receiver imports rose rapidly to $X in 2022. Overall, imports, however, saw a pronounced decline. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest supplier of radio receiver to the United States, with a 66% share of total imports. Moreover, radio receiver imports from China exceeded the figures recorded by the second-largest supplier, Mexico (X units), fourfold. The third position in this ranking was held by Thailand (X units), with a 6.9% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at -5.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+0.9% per year) and Thailand (+3.1% per year).

In value terms, Mexico ($X) constituted the largest supplier of radio receivers to the United States, comprising 40% of total imports. The second position in the ranking was taken by China ($X), with a 16% share of total imports. It was followed by Thailand, with a 15% share.

From 2012 to 2022, the average annual growth rate of value from Mexico amounted to +3.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-13.9% per year) and Thailand (+1.5% per year).

Import Prices by Country

The average radio receiver import price stood at $X per unit in 2022, picking up by 10% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.0%. The import price peaked at $X per unit in 2016; however, from 2017 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 South Korea ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+8.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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