U.S. Audio And Video Equipment Market. Analysis And Forecast to 2030
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View PricingPrice for Audio and Video Equipment in the United States - 2023
Contents:
- Price for Audio and Video Equipment in the United States (CIF) - 2022
- Price for Audio and Video Equipment in the United States (FOB) - 2023
- Imports of Audio and Video Equipment in the United States
- Exports of Audio and Video Equipment in the United States
Price for Audio and Video Equipment in the United States (CIF) - 2022
The average audio and video equipment import price stood at $26 per unit in 2022, with a decrease of -9.6% against the previous year. In general, the import price showed a abrupt decrease. The pace of growth appeared the most rapid in 2021 when the average import price increased by 52%. Over the period under review, average import prices attained the maximum at $45 per unit in 2015; however, from 2016 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Thailand ($115 per unit), while the price for Italy ($3.6 per unit) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+26.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Audio and Video Equipment in the United States (FOB) - 2023
In August 2023, the average audio and video equipment export price amounted to $44.1 per unit, approximately equating the previous month. Over the period from August 2022 to August 2023, it increased at an average monthly rate of +1.0%. The pace of growth was the most pronounced in June 2023 an increase of 24% month-to-month. As a result, the export price reached the peak level of $47.9 per unit. From July 2023 to August 2023, the the average export prices remained at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Canada ($94.4 per unit), while the average price for exports to Mexico ($18.9 per unit) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+7.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Audio and Video Equipment in the United States
In 2022, approx. 1.6B units of audio and video equipment were imported into the United States; with an increase of 12% against 2021 figures. The total import volume increased at an average annual rate of +6.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 with an increase of 31%. As a result, imports reached the peak of 1.7B units. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, audio and video equipment imports reached $41.7B in 2022. The total import value increased at an average annual rate of +10.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 25% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to continue growth in years to come.
| Import of Audio and Video Equipment in the United States (Billion USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 12.4 | 12.7 | 15.7 | 14.6 | 5.6% |
| China | 12.2 | 10.9 | 12.3 | 11.6 | -1.7% |
| Vietnam | 0.5 | 3.2 | 5.5 | 6.0 | 128.9% |
| Taiwan (Chinese) | 0.7 | 1.0 | 1.5 | 1.5 | 28.9% |
| Malaysia | 0.6 | 0.6 | 0.7 | 0.9 | 14.5% |
| Germany | 0.3 | 0.3 | 0.4 | 0.5 | 18.6% |
| Italy | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
| Others | 4.6 | 4.2 | 5.2 | 6.5 | 12.2% |
| Total | 31.3 | 33.0 | 41.2 | 41.7 | 10.0% |
Top Suppliers of Audio and Video Equipment to the United States in 2022:
- China (987.2M units)
- Vietnam (150.3M units)
- Mexico (139.6M units)
- Taiwan (Chinese) (54.0M units)
- Italy (38.8M units)
- Malaysia (25.9M units)
- Germany (24.6M units)
Exports of Audio and Video Equipment in the United States
In 2022, exports of audio and video equipment from the United States rose modestly to 188M units, growing by 1.6% on the previous year. In general, total exports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +25.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +97.4% against 2019 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 94%. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, audio and video equipment exports rose sharply to $7.4B in 2022. Overall, exports, however, showed a abrupt setback. The exports peaked at $9B in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
| Export of Audio and Video Equipment in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 2,522 | 2,416 | 2,393 | 2,583 | 0.8% |
| Mexico | 3,346 | 1,928 | 1,835 | 1,869 | -17.6% |
| Germany | 253 | 225 | 266 | 295 | 5.3% |
| Japan | 323 | 204 | 205 | 189 | -16.4% |
| China | 193 | 132 | 160 | 158 | -6.5% |
| Thailand | 31.4 | 24.3 | 27.5 | 31.2 | -0.2% |
| Others | 2,336 | 1,934 | 2,044 | 2,319 | -0.2% |
| Total | 9,004 | 6,863 | 6,930 | 7,444 | -6.1% |
Top Export Markets for Audio and Video Equipment from the United States in 2022:
- Mexico (116.3M units)
- Canada (27.7M units)
- China (5.5M units)
- Thailand (4.0M units)
- Germany (3.3M units)
- Japan (1.8M units)
This report provides an in-depth analysis of the market for audio and video equipment in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- NAICS 334310 - Audio and video equipment manufacturing
Companies mentioned:
- Bose Corporation
- Harman International Industries Incorporated
- Toshiba America
- Qsc Audio Products
- Technicolor Usa
- Sony Electronics
- Shure Incorporated
- Fender Musical Instruments Corporation
- Toshiba America Electronic Components
- Universal Electronics
- Harman Professional
- Loud Technologies
- Vizio
- Beats Electronics
- Lg Electronics Alabama
- Rockford Corporation
- Inrix
- Mitek Corporation
- D & M Holdings US
- Lotus International Company
- Emerson Radio Corp.
- Metra Electronics Corporation
- Warner Bros. Home Entertainment
- Zenith Electronics Corporation
- Panasonic Industrial Devices Corporation of America
- Inzi Display America
- Vtb Holdings
- Sun Mackie
- Shyk International Corp.
- Al Shellco
- Knowles Corporation
Country coverage:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
-
3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
-
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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