TV With Reception Market

The article discusses the expected growth of the global TV with reception market, with consumption and production trends analyzed. Key importing countries like the United States and Canada, as well as key exporting countries like the UK and Mexico, are highlighted. The trends in average import and export prices are also explored over the period from 2012 to 2022.

Market Forecast

Driven by rising demand for TV with reception worldwide, the market is expected to start an upward consumption trend over the next eight years. The performance of the market is forecast to increase slightly, with an anticipated CAGR of +1.3% for the period from 2022 to 2030, which is projected to bring the market volume to 99M 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 $29.7B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Transmission Apparatus For Radio-Broadcasting And Television (With Reception Apparatus)

In 2022, after two years of growth, there was significant decline in consumption of transmission apparatus for radio-broadcasting and television (with reception apparatus), when its volume decreased by -6.6% to 89M units. Overall, consumption saw a perceptible slump. The growth pace was the most rapid in 2021 when the consumption volume increased by 4.4% against the previous year. Global consumption peaked at 111M units in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

The global TV with reception market value expanded sharply to $23.2B in 2022, with an increase of 11% 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). Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the global market attained the maximum level at $23.8B in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were China (16M units), the United States (12M units) and Russia (9.1M units), together comprising 41% of global consumption.

From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the main consuming countries, was attained by Russia (with a CAGR of +7.8%), while consumption for the other global leaders experienced more modest paces of growth.

In value terms, India ($4.5B) led the market, alone. The second position in the ranking was held by Russia ($1.6B). It was followed by China.

In India, the TV with reception market expanded at an average annual rate of +16.7% over the period from 2012-2022. The remaining consuming countries recorded the following average annual rates of market growth: Russia (+10.1% per year) and China (-2.1% per year).

In 2022, the highest levels of TV with reception per capita consumption was registered in Hong Kong SAR (1,062 units per 1000 persons), followed by the UK (89 units per 1000 persons), Russia (63 units per 1000 persons) and the United States (35 units per 1000 persons), while the world average per capita consumption of TV with reception was estimated at 11 units per 1000 persons.

In Hong Kong SAR, TV with reception per capita consumption increased at an average annual rate of +2.3% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the UK (-5.7% per year) and Russia (+7.7% per year).

Production

World Production of Transmission Apparatus For Radio-Broadcasting And Television (With Reception Apparatus)

For the third consecutive year, the global market recorded growth in production of transmission apparatus for radio-broadcasting and television (with reception apparatus), which increased by 1.3% to 90M units in 2022. In general, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the production volume increased by 8.1% against the previous year. Over the period under review, global production reached the maximum volume at 95M units in 2012; however, from 2013 to 2022, production remained at a lower figure.

In value terms, TV with reception production plummeted to $28.4B in 2022 estimated in export price. Over the period under review, production enjoyed tangible growth. The growth pace was the most rapid in 2021 with an increase of 116% against the previous year. As a result, production reached the peak level of $38.2B, and then contracted rapidly in the following year.

Production By Country

The countries with the highest volumes of production in 2022 were China (16M units), the UK (13M units) and Russia (9.1M units), together accounting for 42% of global production. Hong Kong SAR, Mexico, India, the United States, Malaysia, Indonesia, Vietnam, Nigeria and the Philippines lagged somewhat behind, together accounting for a further 36%.

From 2012 to 2022, the most notable rate of growth in terms of production, amongst the main producing countries, was attained by the United States (with a CAGR of +46.7%), while production for the other global leaders experienced more modest paces of growth.

Imports

World Imports of Transmission Apparatus For Radio-Broadcasting And Television (With Reception Apparatus)

In 2022, purchases abroad of transmission apparatus for radio-broadcasting and television (with reception apparatus) was finally on the rise to reach 21M units for the first time since 2012, thus ending a nine-year declining trend. Overall, imports, however, saw a deep setback. Global imports peaked at 41M units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, TV with reception imports soared to $2.9B in 2022. Over the period under review, imports, however, recorded a pronounced reduction. Global imports peaked at $4.7B in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

Imports By Country

In 2022, the United States (9.8M units) was the key importer of transmission apparatus for radio-broadcasting and television (with reception apparatus), making up 46% of total imports. It was distantly followed by Canada (1.6M units), generating a 7.4% share of total imports. The following importers - France (740K units), Belgium (651K units), the Netherlands (612K units), the UK (593K units), Argentina (576K units), Chile (560K units), Germany (546K units), Italy (437K units), Spain (399K units), Singapore (393K units) and Portugal (368K units) - together made up 28% of total imports.

Imports into the United States decreased at an average annual rate of -9.1% from 2012 to 2022. At the same time, Chile (+10.5%), Germany (+9.8%), Portugal (+5.8%), Spain (+5.0%), France (+4.1%), Belgium (+3.4%), Argentina (+2.9%) and Singapore (+2.9%) displayed positive paces of growth. Moreover, Chile emerged as the fastest-growing importer imported in the world, with a CAGR of +10.5% from 2012-2022. The Netherlands experienced a relatively flat trend pattern. By contrast, Canada (-1.8%), Italy (-5.1%) and the UK (-12.7%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Canada, France, Chile, Germany, Belgium and Argentina increased by +2.8, +2.3, +2.1, +2, +1.9 and +1.7 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($896M) constitutes the largest market for imported transmission apparatus for radio-broadcasting and television (with reception apparatus) worldwide, comprising 31% of global imports. The second position in the ranking was taken by Canada ($165M), with a 5.8% share of global imports. It was followed by the UK, with a 5.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value in the United States stood at -5.7%. In the other countries, the average annual rates were as follows: Canada (-5.3% per year) and the UK (-5.4% per year).

Import Prices By Country

The average TV with reception import price stood at $135 per unit in 2022, therefore, remained relatively stable against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.9%. The most prominent rate of growth was recorded in 2014 an increase of 17%. Over the period under review, average import prices reached the maximum at $180 per unit in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Spain ($324 per unit), while Chile ($41 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+8.4%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Transmission Apparatus For Radio-Broadcasting And Television (With Reception Apparatus)

In 2022, shipments abroad of transmission apparatus for radio-broadcasting and television (with reception apparatus) increased by 85% to 23M units, rising for the second consecutive year after six years of decline. Over the period under review, exports, however, showed a relatively flat trend pattern. The global exports peaked at 27M units in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, TV with reception exports amounted to $2.2B in 2022. Overall, exports, however, showed a noticeable decline. The most prominent rate of growth was recorded in 2014 with an increase of 16%. As a result, the exports reached the peak of $4.1B. From 2015 to 2022, the growth of the global exports remained at a lower figure.

Exports By Country

The UK (7.1M units) and Mexico (5M units) represented the largest exporters of transmission apparatus for radio-broadcasting and television (with reception apparatus) in 2022, reaching near 31% and 22% of total exports, respectively. Malaysia (1.8M units) ranks next in terms of the total exports with a 7.8% share, followed by the United States (6.9%) and Taiwan (Chinese) (5.7%). Canada (758K units), Vietnam (731K units), Singapore (530K units), the Netherlands (528K units), Portugal (366K units) and Thailand (356K units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by the UK (with a CAGR of +17.1%), while the other global leaders experienced more modest paces of growth.

In value terms, the United States ($492M), Canada ($263M) and the UK ($186M) were the countries with the highest levels of exports in 2022, with a combined 42% share of global exports. Malaysia, Singapore, the Netherlands, Taiwan (Chinese), Portugal, Mexico, Vietnam and Thailand lagged somewhat behind, together accounting for a further 27%.

Vietnam, with a CAGR of +13.0%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices By Country

The average TV with reception export price stood at $98 per unit in 2022, which is down by -37.8% against the previous year. In general, the export price showed a noticeable shrinkage. The most prominent rate of growth was recorded in 2019 when the average export price increased by 22% against the previous year. As a result, the export price reached the peak level of $235 per unit. From 2020 to 2022, the average export prices remained at a 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 Canada ($347 per unit), while Mexico ($9 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+11.6%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform