- 2024: $25.18 Million
- 2025: $23.053 Million (-8.45%)
- 2026: $20.967 Million (-9.07%)
- 2027: $18.924 Million (-9.73%)
- 2028: $16.921 Million (-10.58%)
The Compound Annual Growth Rate (CAGR) over the last five years (2024-2028) is approximately -9.85%.
Future trends to watch for include the impact of digital streaming alternatives and evolving consumer preferences which are driving the decline in the import of traditional radio-broadcast receivers. Innovation in digital audio platforms could further reduce the demand for these imports.
