MENA: Loudspeaker Market 2024

Loudspeaker Market Size in MENA

In 2023, after three years of growth, there was decline in the MENA's loudspeaker market, when its value decreased by X% to $X. The market 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 level of consumption peaked at $X in 2022, and then fell modestly in the following year.

Loudspeaker Production in MENA

In value terms, loudspeaker production reached $X in 2023 estimated in export price. The total production indicated a moderate 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 decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2016 when the production volume increased by X%. The level of production peaked at $X in 2021; afterwards, it flattened through to 2023.

Loudspeaker Exports

Exports in MENA

Loudspeaker exports surged to X units in 2023, increasing by X% compared with the previous year's figure. Over the period under review, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of X%. As a result, the exports reached the peak of X units. From 2014 to 2023, the growth of the exports remained at a lower figure.

In value terms, loudspeaker exports skyrocketed to $X in 2023. Total exports indicated a tangible 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. Based on 2023 figures, exports decreased by X% against 2021 indices. The level of export peaked at $X in 2021; however, from 2022 to 2023, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates represented the main exporting country with an export of about X units, which amounted to X% of total exports. Turkey (X units) ranks second in terms of the total exports with a X% share, followed by Israel (X%).

The United Arab Emirates experienced a relatively flat trend pattern with regard to volume of exports of loudspeakers. At the same time, Turkey (X%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter exported in MENA, with a CAGR of X% from 2012-2023. By contrast, Israel (X%) illustrated a downward trend over the same period. While the share of Turkey (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Israel (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest loudspeaker supplying countries in MENA were the United Arab Emirates ($X), Turkey ($X) and Israel ($X), together comprising X% of total exports.

Turkey, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in MENA stood at $X per unit in 2023, picking up by X% against the previous year. Over the period under review, the export price enjoyed a measured expansion. The growth pace was the most rapid in 2016 when the export price increased by X%. Over the period under review, the export prices hit record highs at $X per unit in 2019; however, from 2020 to 2023, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Israel ($X per unit), while the United Arab Emirates ($X per unit) was amongst the lowest.

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

Loudspeaker Imports

Imports in MENA

In 2023, imports of loudspeakers in MENA rose notably to X units, growing by X% against the previous year. The total import volume 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 throughout the analyzed period. The growth pace was the most rapid in 2014 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2023 and are expected to retain growth in years to come.

In value terms, loudspeaker imports fell to $X in 2023. The total import value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2022, and then shrank in the following year.

Imports by Country

Turkey represented the key importing country with an import of around X units, which finished at X% of total imports. Egypt (X units) took the second position in the ranking, followed by the United Arab Emirates (X units), Israel (X units) and Iran (X units). All these countries together took approx. X% share of total imports. Iraq (X units) followed a long way behind the leaders.

Turkey experienced a relatively flat trend pattern with regard to volume of imports of loudspeakers. At the same time, Egypt (X%), Israel (X%) and Iraq (X%) displayed positive paces of growth. Moreover, Egypt emerged as the fastest-growing importer imported in MENA, with a CAGR of X% from 2012-2023. Iran and the United Arab Emirates experienced a relatively flat trend pattern. While the share of Egypt (X p.p.) and Israel (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of the United Arab Emirates (X p.p.) and Turkey (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest loudspeaker importing markets in MENA were the United Arab Emirates ($X), Turkey ($X) and Israel ($X), with a combined X% share of total imports. Iran, Egypt and Iraq lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Iraq, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the import price in MENA amounted to $X per unit, declining by X% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2022 when the import price increased by X% against the previous year. As a result, import price reached the peak level of $X per unit, and then declined in the following year.

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

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

Source: IndexBox Platform