Tuner Block Market

The article discusses the global tuner block market, forecasting a slight increase in consumption and value over the period from 2022 to 2030. Key findings include a rise in global consumption of tuner blocks, with China leading in both consumption and production. The article also covers trends in imports and exports, highlighting notable growth rates and price fluctuations. Overall, the market is expected to see modest growth in the coming years, driven by rising demand worldwide.

Market Forecast

Driven by rising demand for tuner block worldwide, the market is expected to start an upward consumption trend over the next eight-year period. The performance of the market is forecast to increase slightly, with an anticipated CAGR of +1.0% for the period from 2022 to 2030, which is projected to bring the market volume to 365M units by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +3.2% for the period from 2022 to 2030, which is projected to bring the market value to $22.1B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Tuner Blocks

For the third consecutive year, the global market recorded growth in consumption of tuner blocks, which increased by 5.8% to 336M units in 2022. Overall, consumption, however, continues to indicate a mild curtailment. Global consumption peaked at 378M units in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

The global tuner block market size reached $17.2B in 2022, with an increase of 2.8% 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, however, recorded a noticeable decline. Over the period under review, the global market reached the maximum level at $28.1B in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Consumption By Country

The country with the largest volume of tuner block consumption was China (97M units), comprising approx. 29% of total volume. Moreover, tuner block consumption in China exceeded the figures recorded by the second-largest consumer, the United States (45M units), twofold. India (23M units) ranked third in terms of total consumption with a 6.7% share.

From 2012 to 2022, the average annual growth rate of volume in China was relatively modest. In the other countries, the average annual rates were as follows: the United States (-3.4% per year) and India (-1.5% per year).

In value terms, the United States ($4.2B), China ($2.6B) and India ($2.2B) constituted the countries with the highest levels of market value in 2022, together accounting for 52% of the global market. Thailand, the UK, Poland, Italy, France, Brazil, Indonesia, Mexico, Turkey and the United Arab Emirates lagged somewhat behind, together accounting for a further 20%.

Poland, with a CAGR of +10.6%, saw the highest rates of growth with regard to market size in terms of the main consuming countries over the period under review, while market for the other global leaders experienced more modest paces of growth.

In 2022, the highest levels of tuner block per capita consumption was registered in the United Arab Emirates (626 units per 1000 persons), followed by Poland (287 units per 1000 persons), Thailand (153 units per 1000 persons) and Italy (137 units per 1000 persons), while the world average per capita consumption of tuner block was estimated at 0.6 units per 1000 persons.

From 2012 to 2022, the average annual rate of growth in terms of the tuner block per capita consumption in the United Arab Emirates stood at -3.1%. The remaining consuming countries recorded the following average annual rates of per capita consumption growth: Poland (+11.6% per year) and Thailand (+6.8% per year).

Production

World Production of Tuner Blocks

In 2022, approx. 358M units of tuner blocks were produced worldwide; growing by 2.3% on 2021 figures. In general, production, however, saw a slight descent. The most prominent rate of growth was recorded in 2018 with an increase of 18%. Over the period under review, global production attained the peak volume at 409M units in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

In value terms, tuner block production stood at $14.6B in 2022 estimated in export price. Overall, production, however, recorded a pronounced descent. The most prominent rate of growth was recorded in 2020 with an increase of 1.4%. Global production peaked at $22.8B in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Production By Country

China (199M units) constituted the country with the largest volume of tuner block production, comprising approx. 56% of total volume. Moreover, tuner block production in China exceeded the figures recorded by the second-largest producer, the United States (42M units), fivefold. India (20M units) ranked third in terms of total production with a 5.5% share.

From 2012 to 2022, the average annual growth rate of volume in China was relatively modest. In the other countries, the average annual rates were as follows: the United States (+1.9% per year) and India (+4.6% per year).

Imports

World Imports of Tuner Blocks

In 2022, the amount of tuner blocks imported worldwide contracted to 158M units, waning by -8.7% on the year before. Overall, imports saw a pronounced decrease. The most prominent rate of growth was recorded in 2014 with an increase of 4.7%. Over the period under review, global imports attained the maximum at 224M units in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, tuner block imports contracted modestly to $6.8B in 2022. In general, imports continue to indicate a abrupt curtailment. The growth pace was the most rapid in 2017 with an increase of 1.7% against the previous year. Over the period under review, global imports reached the peak figure at $15.3B in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports By Country

The purchases of the twelve major importers of tuner blocks, namely Poland, the Netherlands, France, the UK, the United Arab Emirates, Italy, Slovakia, the United States, Germany, Mexico, Argentina and Russia, represented more than half of total import. Spain (4M units) held a relatively small share of total imports.

From 2012 to 2022, the biggest increases were recorded for Slovakia (with a CAGR of +19.2%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, the Netherlands ($635M), the UK ($591M) and France ($499M) constituted the countries with the highest levels of imports in 2022, with a combined 25% share of global imports. Poland, the United States, Slovakia, Italy, Germany, Spain, Mexico, Argentina, the United Arab Emirates and Russia lagged somewhat behind, together accounting for a further 34%.

Slovakia, with a CAGR of +28.0%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices By Country

In 2022, the average tuner block import price amounted to $43 per unit, surging by 7.2% against the previous year. In general, the import price, however, showed a drastic downturn. Over the period under review, average import prices reached the maximum at $74 per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the United States ($72 per unit), while Russia ($12 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+8.0%), while the other global leaders experienced mixed trends in the import price figures.

Exports

World Exports of Tuner Blocks

In 2022, the amount of tuner blocks exported worldwide contracted to 181M units, dropping by -12.4% compared with the previous year. In general, exports showed a pronounced setback. The most prominent rate of growth was recorded in 2014 when exports increased by 12% against the previous year. As a result, the exports reached the peak of 263M units. From 2015 to 2022, the growth of the global exports remained at a somewhat lower figure.

In value terms, tuner block exports declined to $5.7B in 2022. Overall, exports continue to indicate a abrupt setback. The pace of growth was the most pronounced in 2017 with an increase of 3.3%. The global exports peaked at $12.9B in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports By Country

China dominates exports structure, accounting for 102M units, which was approx. 56% of total exports in 2022. Vietnam (16M units) held a 9% share (based on physical terms) of total exports, which put it in second place, followed by the Netherlands (5.3%). Indonesia (5.7M units), Germany (4.4M units), the United States (3.3M units), Mexico (3.3M units), Hong Kong SAR (3.2M units), Poland (3.1M units), Tunisia (3M units) and Hungary (2.9M units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to tuner block exports from China stood at -1.6%. At the same time, Vietnam (+27.7%) and the Netherlands (+9.0%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in the world, with a CAGR of +27.7% from 2012-2022. Hungary experienced a relatively flat trend pattern. By contrast, Germany (-1.5%), Poland (-2.7%), Indonesia (-4.3%), Tunisia (-5.8%), the United States (-11.0%), Hong Kong SAR (-13.0%) and Mexico (-16.7%) illustrated a downward trend over the same period. While the share of Vietnam (+8.4 p.p.), China (+6.1 p.p.) and the Netherlands (+3.6 p.p.) increased significantly in terms of the global exports from 2012-2022, the share of the United States (-2.6 p.p.), Hong Kong SAR (-3.5 p.p.) and Mexico (-6.7 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($1.9B) remains the largest tuner block supplier worldwide, comprising 33% of global exports. The second position in the ranking was held by the Netherlands ($625M), with an 11% share of global exports. It was followed by Vietnam, with an 11% share.

In China, tuner block exports contracted by an average annual rate of -4.6% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: the Netherlands (+3.7% per year) and Vietnam (+17.4% per year).

Export Prices By Country

In 2022, the average tuner block export price amounted to $31 per unit, increasing by 4.2% against the previous year. In general, the export price, however, continues to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2015 an increase of 7.7% against the previous year. The global export price peaked at $54 per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Tunisia ($73 per unit), while China ($18 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+3.9%), while the other global leaders experienced mixed trends in the export price figures.

Source: IndexBox Market Intelligence Platform