Report Update May 1, 2024

Bangladesh - Single Loudspeakers (In Enclosure) - Market Analysis, Forecast, Size, Trends and Insights

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Bangladesh: Loudspeaker Market 2024

Loudspeaker Market Size in Bangladesh

The Bangladeshi loudspeaker market soared to $X in 2021, increasing by 88% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption posted a resilient increase. Loudspeaker consumption peaked at $X in 2016; however, from 2017 to 2021, consumption failed to regain momentum.

Loudspeaker Exports

Exports from Bangladesh

In 2021, the amount of single loudspeakers (in enclosure) exported from Bangladesh skyrocketed to X units, jumping by 148% on 2020. Over the period under review, exports, however, saw a abrupt slump. The growth pace was the most rapid in 2018 when exports increased by 4,150% against the previous year. Over the period under review, the exports hit record highs at X units in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, loudspeaker exports skyrocketed to $X in 2021. In general, exports posted pronounced growth. The growth pace was the most rapid in 2018 with an increase of 5,506%. As a result, the exports reached the peak of $X. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Slovakia (X units) was the main destination for loudspeaker exports from Bangladesh, with a 39% share of total exports. Moreover, loudspeaker exports to Slovakia exceeded the volume sent to the second major destination, Saudi Arabia (X units), twofold. The United Arab Emirates (X units) ranked third in terms of total exports with a 19% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Slovakia amounted to -9.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (0.0% per year) and the United Arab Emirates (-9.9% per year).

In value terms, Saudi Arabia ($X) emerged as the key foreign market for single loudspeakers (in enclosure) exports from Bangladesh, comprising 39% of total exports. The second position in the ranking was held by France ($X), with an 18% share of total exports. It was followed by South Korea, with a 13% share.

From 2012 to 2021, the average annual growth rate of value to Saudi Arabia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+68.1% per year) and South Korea (0.0% per year).

Export Prices by Country

The average loudspeaker export price stood at $X per unit in 2021, rising by 326% against the previous year. Overall, the export price posted a resilient expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was France ($X per unit), while the average price for exports to Slovakia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to France (+291.8%), while the prices for the other major destinations experienced more modest paces of growth.

Loudspeaker Imports

Imports into Bangladesh

In 2021, purchases abroad of single loudspeakers (in enclosure) increased by 119% to X units, rising for the third consecutive year after two years of decline. Overall, imports enjoyed significant growth. Over the period under review, imports hit record highs at X units in 2016; however, from 2017 to 2021, imports remained at a lower figure.

In value terms, loudspeaker imports surged to $X in 2021. Over the period under review, imports saw strong growth. The growth pace was the most rapid in 2014 when imports increased by 101%. Imports peaked at $X in 2016; however, from 2017 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of loudspeaker to Bangladesh, accounting for a 86% share of total imports. It was followed by Indonesia (X units), with a 0.1% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +27.9%.

In value terms, China ($X) constituted the largest supplier of single loudspeakers (in enclosure) to Bangladesh, comprising 89% of total imports. The second position in the ranking was held by Indonesia ($X), with a 1.9% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +12.2%.

Import Prices by Country

The average loudspeaker import price stood at $X per unit in 2021, falling by -31% against the previous year. Over the period under review, the import price continues to indicate a deep reduction. The pace of growth was the most pronounced in 2018 when the average import price increased by 93% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Indonesia ($X per unit), while the price for China stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+49.6%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for single loudspeakers (in enclosure) in the world?

The countries with the highest volumes of consumption in 2021 were Belgium, Germany and Indonesia, together accounting for 34% of global consumption. These countries were followed by Japan, the United States, Mexico, Hungary, Vietnam, France, South Korea, Brazil, Slovakia and Spain, which together accounted for a further 34%.

What are the largest producers of single loudspeakers (in enclosure) in the world?

The country with the largest volume of loudspeaker production was China, accounting for 47% of total volume. Moreover, loudspeaker production in China exceeded the figures recorded by the second-largest producer, Belgium, twofold. Indonesia ranked third in terms of total production with a 10% share.

What are the leading suppliers of single loudspeakers (in enclosure) to Bangladesh?

In value terms, China constituted the largest supplier of single loudspeakers in enclosure) to Bangladesh, comprising 89% of total imports. The second position in the ranking was held by Indonesia, with a 1.9% share of total imports.

What are the leading importers of single loudspeakers (in enclosure) from Bangladesh?

In value terms, Saudi Arabia emerged as the key foreign market for single loudspeakers in enclosure) exports from Bangladesh, comprising 39% of total exports. The second position in the ranking was taken by France, with an 18% share of total exports. It was followed by South Korea, with a 13% share.

What is the average export price for single loudspeakers (in enclosure) in Bangladesh?

In 2021, the average loudspeaker export price amounted to $26 per unit, rising by 326% against the previous year.

What is the average import price for single loudspeakers (in enclosure) in Bangladesh?

The average loudspeaker import price stood at $2.8 per unit in 2021, with a decrease of -31% against the previous year.

This report provides an in-depth analysis of the loudspeaker market in Bangladesh. 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:

Prodcom 26404235 - Single loudspeakers mounted in their enclosures (including frames or cabinets mainly designed for mounting loudspeakers)

Country coverage:

Bangladesh

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Bangladesh
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
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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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. 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
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. 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
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023