The market is dominated by domestic suppliers, as imports account for 11.3% of total market size in 2022. B2B drives market demand, with B2B spending representing 50.8% of total demand in 2022. China has the largest market size for television and radio receivers, sound and video recording devices regionally, with demand reaching USD98.3 billion in 2022. Sichuan Changhong Electric Co Ltd is the largest company in China, generating 8.1% of the industry’s total production value in 2022. The industry is fragmented, with the top five companies generating 20.8% of total production value in 2022. The total number of companies decreases in 2022, to 22,819 units. The costs of the industry decrease by 5% in 2022, largely driven by declining B2B costs. The industry’s profitability increases and stands at 5.2% of production value in 2022, the 12th highest regionally. The industry’s exports share decreases in 2022 to 39.6% of total production output. With production value of USD127 billion, China accounts for 69.3% of the Asia Pacific total in 2022.
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This Euromonitor industrial report provides unique information on Television and Radio Receivers, Sound and Video Recording Devices in China: ISIC 323. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Television and Radio Receivers, Sound and Video Recording Devices in China: ISIC 323 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
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