MERCOSUR: Loudspeaker Market 2024

Loudspeaker Market Size in MERCOSUR

After two years of growth, the MERCOSUR loudspeaker market decreased by X% to $X in 2023. The total consumption indicated a modest 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. Over the period under review, the market attained the peak level at $X in 2022, and then declined modestly in the following year.

Loudspeaker Production in MERCOSUR

In value terms, loudspeaker production reduced to $X in 2023 estimated in export price. In general, production, however, saw a deep setback. The pace of growth was the most pronounced in 2022 when the production volume increased by X%. The level of production peaked at $X in 2012; however, from 2013 to 2023, production stood at a somewhat lower figure.

Loudspeaker Exports

Exports in MERCOSUR

After three years of growth, overseas shipments of loudspeakers decreased by X% to X units in 2023. Over the period under review, exports recorded a noticeable setback. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2015; however, from 2016 to 2023, the exports remained at a lower figure.

In value terms, loudspeaker exports shrank significantly to $X in 2023. Overall, exports recorded a mild contraction. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. The level of export peaked at $X in 2022, and then plummeted in the following year.

Exports by Country

Brazil prevails in exports structure, accounting for X units, which was near X% of total exports in 2023. It was distantly followed by Chile (X units), mixing up a X% share of total exports.

From 2012 to 2023, average annual rates of growth with regard to loudspeaker exports from Brazil stood at X%. Chile (X%) illustrated a downward trend over the same period. Chile (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) and Chile ($X) were the countries with the highest levels of exports in 2023.

Brazil, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review.

Export Prices by Country

In 2023, the export price in MERCOSUR amounted to $X per unit, shrinking by X% against the previous year. Over the period under review, the export price, however, enjoyed perceptible growth. The pace of growth appeared the most rapid in 2016 an increase of X%. The level of export peaked at $X per unit in 2019; however, from 2020 to 2023, the export prices stood at a somewhat lower figure.

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 Chile ($X per unit), while Brazil stood at $X per unit.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Brazil (X%).

Loudspeaker Imports

Imports in MERCOSUR

In 2023, loudspeaker imports in MERCOSUR declined to X units, waning by X% compared with 2022 figures. Overall, imports recorded a noticeable reduction. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at X units in 2013; however, from 2014 to 2023, imports failed to regain momentum.

In value terms, loudspeaker imports reduced to $X in 2023. Total imports indicated slight growth 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 2021 when imports increased by X%. The level of import peaked at $X in 2022, and then declined in the following year.

Imports by Country

Brazil represented the largest importing country with an import of about X units, which reached X% of total imports. It was distantly followed by Argentina (X units), committing a X% share of total imports. Colombia (X units), Chile (X units), Peru (X units), Paraguay (X units) and Ecuador (X units) followed a long way behind the leaders.

Imports into Brazil decreased at an average annual rate of X% from 2012 to 2023. At the same time, Peru (X%), Ecuador (X%), Paraguay (X%), Chile (X%) and Colombia (X%) displayed positive paces of growth. Moreover, Peru emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of X% from 2012-2023. Argentina experienced a relatively flat trend pattern. From 2012 to 2023, the share of Argentina and Colombia increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) constitutes the largest market for imported loudspeakers in MERCOSUR, comprising X% of total imports. The second position in the ranking was taken by Argentina ($X), with a X% share of total imports. It was followed by Colombia, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Brazil was relatively modest. The remaining importing countries recorded the following average annual rates of imports growth: Argentina (X% per year) and Colombia (X% per year).

Import Prices by Country

The import price in MERCOSUR stood at $X per unit in 2023, rising by X% against the previous year. Import price indicated a remarkable increase 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 2020 indices. The pace of growth appeared the most rapid in 2017 an increase of X%. Over the period under review, import prices attained the maximum in 2023 and is likely to see steady growth in the immediate term.

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 Paraguay ($X per unit), while Brazil ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform