In 2023, the import of radio receivers external power operated, non-recording to the US stood at approximately 1.306 million kilograms. Forecasts for the period 2024-2028 indicate a gradual increase, reaching 1.3212 million kilograms by 2028. This reflects a steady year-on-year growth rate of around 0.23%. The Compound Annual Growth Rate (CAGR) over the five-year period, from 2023 to 2028, is expected to be approximately 0.23%, suggesting a stable and minimal growth in volume.
Future trends to watch for include changes in consumer preferences towards digital audio technology, regulatory changes impacting import tariffs, and advancements in streaming and wireless technology which might reduce the demand for traditional radio receivers.
