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Canada - Radio Receivers For Motor Vehicles - Market Analysis, Forecast, Size, Trends And Insights
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View PricingVehicle Radio Price in Canada - 2023
Contents:
- Vehicle Radio Price in Canada (CIF) - 2023
- Vehicle Radio Price in Canada (FOB) - 2022
- Vehicle Radio Imports in Canada
- Vehicle Radio Exports in Canada
Vehicle Radio Price in Canada (CIF) - 2023
In September 2023, the average vehicle radio import price amounted to $139 per unit, shrinking by -4.2% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.9%. The pace of growth appeared the most rapid in January 2023 when the average import price increased by 28% against the previous month. Over the period under review, average import prices attained the maximum at $147 per unit in May 2023; however, from June 2023 to September 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was the United States ($180 per unit), while the price for Japan ($12.1 per unit) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by China (+2.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Vehicle Radio Price in Canada (FOB) - 2022
The average vehicle radio export price stood at $368 per unit in 2022, growing by 41% against the previous year. Overall, the export price continues to indicate buoyant growth. The most prominent rate of growth was recorded in 2016 when the average export price increased by 163% against the previous year. The export price peaked in 2022 and is expected to retain growth in the immediate term.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($389 per unit), while the average price for exports to Cuba ($165 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 Israel (+50.0%), while the prices for the other major destinations experienced more modest paces of growth.
Vehicle Radio Imports in Canada
In 2022, approx. 871K units of radio receivers for motor vehicles were imported into Canada; declining by -28.7% on 2021 figures. Over the period under review, imports recorded a dramatic curtailment. The smallest decline of -3.6% was in 2020. Over the period under review, imports reached the peak figure at 1.8M units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, vehicle radio imports contracted remarkably to $111M in 2022. In general, imports continue to indicate a deep reduction. The smallest decline of -1.7% was in 2020. Over the period under review, imports hit record highs at $166M in 2019; however, from 2020 to 2022, imports failed to regain momentum.
Import of Vehicle Radio in Canada (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 45.1 | 74.3 | 108 | 84.1 | 23.1% |
Mexico | 49.1 | 24.8 | 8.0 | 16.6 | -30.3% |
Taiwan (Chinese) | 1.5 | 2.2 | 3.1 | 3.2 | 28.7% |
China | 15.2 | 4.4 | 3.4 | 3.1 | -41.1% |
Indonesia | 1.6 | 1.6 | 1.2 | 1.5 | -2.1% |
Germany | 9.2 | 40.1 | 11.4 | 0.4 | -64.8% |
Thailand | 26.5 | 14.9 | 4.1 | N/A | -60.7% |
Hungary | 15.5 | N/A | N/A | N/A | 0% |
Others | 2.1 | 0.7 | 1.9 | 1.9 | -3.3% |
Total | 166 | 163 | 142 | 111 | -12.6% |
Top Suppliers of Vehicle Radio to Canada in 2022:
- Hungary (undefinedK units)
- United States (556.5K units)
- Mexico (148.3K units)
- China (73.4K units)
- Taiwan (Chinese) (49.2K units)
- Indonesia (27.9K units)
- Germany (3.5K units)
- Thailand (0.1K units)
Vehicle Radio Exports in Canada
In 2022, exports of radio receivers for motor vehicles from Canada contracted notably to 6.4K units, declining by -24.6% on the year before. In general, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 67% against the previous year. As a result, the exports reached the peak of 8.5K units, and then declined significantly in the following year.
In value terms, vehicle radio exports stood at $2.4M in 2022. The total export value increased at an average annual rate of +7.0% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 25% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.
Export of Vehicle Radio in Canada (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 1,219 | 1,667 | 2,078 | 1,857 | 15.1% |
Israel | N/A | 3.5 | 8.6 | 233 | 715.9% |
Belgium | 165 | 25.0 | 51.5 | 107 | -13.4% |
Cuba | 0.8 | N/A | N/A | 65.8 | 334.9% |
Finland | 259 | 1.1 | 5.3 | 0.6 | -86.8% |
Others | 293 | 83.9 | 90.5 | 105 | -29.0% |
Total | 1,936 | 1,781 | 2,234 | 2,369 | 7.0% |
Top Export Markets for Vehicle Radio from Canada in 2022:
- Finland (undefinedK units)
- United States (4.8K units)
- Israel (0.7K units)
- Cuba (0.4K units)
- Belgium (0.3K units)
This report provides an in-depth analysis of the vehicle radio market in Canada. 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:
- Canada
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Canada
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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This report provides an in-depth analysis of the vehicle radio market in Canada.
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In February 2023, the vehicle radio price amounted to $129 per unit (CIF, Canada), growing by 2.1% against the previous month.
Explore the top import markets for vehicle radios in 2023. Learn about the key countries driving the global market for automotive audio systems.
In 2016, approx. X tons of radio receiver were imported worldwide- falling by -X% against the previous year figure. In general, radio receiver imports continue to indicate a drastic shrinkage. ...
In 2016, approx. X tons of radio receiver were imported worldwide- falling by -X% against the previous year figure. In general, radio receiver imports continue to indicate a drastic shrinkage. ...
In February 2023, the vehicle radio price amounted to $129 per unit (CIF, Canada), growing by 2.1% against the previous month.
Explore the top import markets for vehicle radios in 2023. Learn about the key countries driving the global market for automotive audio systems.
In 2016, approx. X tons of radio receiver were imported worldwide- falling by -X% against the previous year figure. In general, radio receiver imports continue to indicate a drastic shrinkage. ...
In 2016, approx. X tons of radio receiver were imported worldwide- falling by -X% against the previous year figure. In general, radio receiver imports continue to indicate a drastic shrinkage. ...