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% over the period from 2012 to 2023; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X, and then dropped in the following year.

Loudspeaker Production

In value terms, loudspeaker production reached $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2023, global production growth failed to regain momentum.

Loudspeaker Exports

Exports

In 2023, overseas shipments of loudspeakers decreased by X% to X units, falling for the second year in a row after two years of growth. In general, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, the global exports reached the peak figure 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 measured 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. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, the global exports hit record highs at $X in 2022, and then reduced in the following year.

Exports by Country

China dominates exports structure, amounting to X units, which was approx. X% of total exports in 2023. Thailand (X units) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Hong Kong SAR (X%). The following exporters - Mexico (X units), Belgium (X units), Vietnam (X units) and Germany (X units) - each accounted for a X% share of total exports.

Exports from China increased at an average annual rate of X% from 2012 to 2023. At the same time, Vietnam (X%), Thailand (X%), Belgium (X%), Germany (X%) and Mexico (X%) displayed positive paces of growth. Moreover, Vietnam 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. From 2012 to 2023, the share of China and Thailand increased by X and X percentage points, respectively. 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 Germany, with a X% share.

In China, loudspeaker exports increased at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Vietnam (X% per year) and Germany (X% per year).

Export Prices by Country

In 2023, the average loudspeaker export price amounted to $X per unit, which is down by X% against the previous year. Overall, the export price, however, continues to indicate resilient growth. The most prominent rate of growth was recorded in 2015 an increase of X%. Over the period under review, the average export prices reached the maximum at $X per unit in 2017; however, from 2018 to 2023, the export prices stood at a somewhat lower figure.

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

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

Loudspeaker Imports

Imports

In 2023, global loudspeaker imports shrank to X units, reducing by X% on the previous year. Over the period under review, imports continue to indicate a mild shrinkage. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Global imports peaked at X units in 2012; however, from 2013 to 2023, imports stood at a somewhat lower figure.

In value terms, loudspeaker imports shrank to $X in 2023. Overall, total imports indicated a moderate 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 when imports increased by X%. Over the period under review, global imports hit record highs at $X in 2022, and then shrank in the following year.

Imports by Country

In 2023, India (X units), distantly followed by China (X units), the United States (X units), Hong Kong SAR (X units), Japan (X units) and Mexico (X units) were the main importers of loudspeakers, together constituting X% of total imports. The following importers - Germany (X units), Thailand (X units), Brazil (X units), Poland (X units), South Korea (X units), Vietnam (X units) and Malaysia (X units) - together made up X% of total imports.

From 2012 to 2023, average annual rates of growth with regard to loudspeaker imports into India stood at X%. At the same time, Thailand (X%), Poland (X%) and Germany (X%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing importer imported in the world, with a CAGR of X% from 2012-2023. The United States experienced a relatively flat trend pattern. By contrast, Mexico (X%), Japan (X%), Malaysia (X%), Vietnam (X%), South Korea (X%), China (X%), Brazil (X%) and Hong Kong SAR (X%) illustrated a downward trend over the same period. While the share of India (X p.p.), Thailand (X p.p.), the United States (X p.p.), Poland (X p.p.) and Germany (X p.p.) increased significantly in terms of the global imports from 2012-2023, the share of South Korea (X p.p.), Brazil (X p.p.), China (X p.p.) and 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, the United States ($X) constitutes the largest market for imported loudspeakers worldwide, comprising X% of global imports. The second position in the ranking was held by Germany ($X), with a X% share of global imports. It was followed by India, with a X% share.

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

Import Prices by Country

In 2023, the average loudspeaker import price amounted to $X per unit, with a decrease of X% against the previous year. Over the period under review, import price indicated a remarkable increase from 2012 to 2023: its price 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. Based on 2023 figures, loudspeaker import price increased by X% against 2018 indices. The pace of growth was the most pronounced in 2015 an increase of X%. Global import price peaked at $X per unit in 2022, and then dropped in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2023, 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 Vietnam (X%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform