Global Loudspeaker Market 2024

Loudspeaker Market Size

In 2023, the global loudspeaker market decreased by X% to $X for the first time since 2020, thus ending a two-year rising trend. The market value increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. Over the period under review, the global market hit record highs at $X in 2022, and then dropped in the following year.

Loudspeaker Production

In value terms, loudspeaker production amounted to $X in 2023 estimated in export price. Overall, the total production indicated a tangible expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2018 with an increase of X%. Global production peaked at $X in 2019; however, from 2020 to 2023, production remained at a lower figure.

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Loudspeaker Exports

Exports

In 2023, approx. X units of loudspeakers were exported worldwide; surging by X% compared with the previous year. In general, exports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when exports increased by X% against the previous year. The global exports peaked at X units in 2021; however, from 2022 to 2023, the exports failed to regain momentum.

In value terms, loudspeaker exports declined to $X in 2023. Over the period under review, total exports indicated a temperate increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 when exports increased by X% against the previous year. The global exports peaked at $X in 2022, and then declined in the following year.

Exports by Country

China dominates exports structure, recording X units, which was approx. X% of total exports in 2023. Vietnam (X units) held the second position in the ranking, followed by Thailand (X units) and Hong Kong SAR (X units). All these countries together took near X% share of total exports. Singapore (X units), Mexico (X units) and Belgium (X units) held a relatively small share of total exports.

From 2012 to 2023, average annual rates of growth with regard to loudspeaker exports from China stood at X%. At the same time, Thailand (X%), Singapore (X%), Belgium (X%), Vietnam (X%) and Mexico (X%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2023. By contrast, Hong Kong SAR (X%) illustrated a downward trend over the same period. While the share of China (X p.p.), Thailand (X p.p.), Vietnam (X p.p.) and Singapore (X p.p.) increased significantly in terms of the global exports from 2012-2023, the share of Hong Kong SAR (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest loudspeaker supplier worldwide, comprising X% of global exports. The second position in the ranking was taken by Vietnam ($X), with an X% share of global exports. It was followed by Mexico, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in China totaled X%. In the other countries, the average annual rates were as follows: Vietnam (X% per year) and Mexico (X% per year).

Export Prices by Country

The average loudspeaker export price stood at $X per unit in 2023, falling by X% against the previous year. Overall, the export price, however, enjoyed resilient growth. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. Over the period under review, the average export prices attained the maximum at $X per unit in 2017; however, from 2018 to 2023, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Mexico ($X per unit), while Singapore ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Vietnam (X%), while the other global leaders experienced more modest paces of growth.

Loudspeaker Imports

Imports

In 2023, overseas purchases of loudspeakers decreased by X% to X units, falling for the second consecutive year after two years of growth. Overall, imports continue to indicate a slight decline. The most prominent rate of growth was recorded in 2018 with an increase of X%. Global imports peaked at X units in 2012; however, from 2013 to 2023, imports failed to regain momentum.

In value terms, loudspeaker imports fell to $X in 2023. In general, total imports indicated a pronounced expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, global imports reached the peak figure at $X in 2022, and then shrank in the following year.

Imports by Country

India (X units), China (X units), Mexico (X units), the United States (X units) and Hong Kong SAR (X units) represented roughly X% of total imports in 2023. Vietnam (X units), Germany (X units), Japan (X units), Thailand (X units), Brazil (X units), Poland (X units), South Korea (X units) and Malaysia (X units) followed a long way behind the leaders.

From 2012 to 2023, the biggest increases were recorded for Thailand (with a CAGR of X%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($X) constitutes the largest market for imported loudspeakers worldwide, comprising X% of global imports. The second position in the ranking was taken by Germany ($X), with a X% share of global imports. It was followed by China, with a X% share.

In the United States, loudspeaker imports expanded at an average annual rate of X% over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: Germany (X% per year) and China (X% per year).

Import Prices by Country

In 2023, the average loudspeaker import price amounted to $X per unit, reducing by X% against the previous year. In general, import price indicated strong growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, loudspeaker import price increased by X% against 2018 indices. The growth pace was the most rapid in 2015 an increase of X% against the previous year. Global import price peaked at $X per unit in 2022, and then dropped modestly in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the United States ($X per unit), while India ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by China (X%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform