Africa: Vehicle Radio Market 2024

Vehicle Radio Market Size in Africa

The African vehicle radio market declined remarkably to $X in 2022, waning by X% against the previous year. Over the period under review, consumption showed a perceptible contraction. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Vehicle Radio Production in Africa

In value terms, vehicle radio production dropped to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

Vehicle Radio Exports

Exports in Africa

In 2022, after three years of growth, there was significant decline in shipments abroad of radio receivers for motor vehicles, when their volume decreased by X% to X units. In general, exports saw a pronounced descent. The growth pace was the most rapid in 2013 when exports increased by X%. As a result, the exports attained the peak of X units. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, vehicle radio exports declined markedly to $X in 2022. Over the period under review, exports continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X, and then dropped rapidly in the following year.

Exports by Country

South Africa dominates exports structure, reaching X units, which was approx. X% of total exports in 2022. It was distantly followed by Kenya (X units), comprising a X% share of total exports. Morocco (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to vehicle radio exports from South Africa stood at X%. At the same time, Kenya (X%) displayed positive paces of growth. Moreover, Kenya emerged as the fastest-growing exporter exported in Africa, with a CAGR of X% from 2012-2022. Morocco experienced a relatively flat trend pattern. While the share of Kenya (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of South Africa (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) remains the largest vehicle radio supplier in Africa, comprising X% of total exports. The second position in the ranking was held by Morocco ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in South Africa stood at X%. In the other countries, the average annual rates were as follows: Morocco (X% per year) and Kenya (X% per year).

Export Prices by Country

The export price in Africa stood at $X per unit in 2022, approximately mirroring the previous year. Over the period under review, the export price, however, showed a noticeable downturn. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, the export prices reached the peak figure 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 amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was South Africa ($X per unit), while Kenya ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (X%), while the other leaders experienced a decline in the export price figures.

Vehicle Radio Imports

Imports in Africa

In 2022, the amount of radio receivers for motor vehicles imported in Africa reduced sharply to X units, with a decrease of X% on 2021. Over the period under review, imports saw a pronounced shrinkage. The most prominent rate of growth was recorded in 2018 when imports increased by X%. As a result, imports attained the peak of X units. From 2019 to 2022, the growth of imports failed to regain momentum.

In value terms, vehicle radio imports reduced modestly to $X in 2022. In general, imports saw a perceptible curtailment. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports failed to regain momentum.

Imports by Country

South Africa represented the main importer of radio receivers for motor vehicles in Africa, with the volume of imports accounting for X units, which was near X% of total imports in 2022. It was distantly followed by Morocco (X units), Egypt (X units) and Botswana (X units), together generating a X% share of total imports. Algeria (X units) and Zimbabwe (X units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Botswana (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Morocco ($X), Egypt ($X) and South Africa ($X) were the countries with the highest levels of imports in 2022, together comprising X% of total imports.

Morocco, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in Africa stood at $X per unit in 2022, with an increase of X% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of X% against the previous year. Over the period under review, import prices hit record highs at $X per unit in 2018; however, from 2019 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 Egypt ($X per unit), while Zimbabwe ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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