Middle East: Non-Enclosed Loudspeakers Market 2024

Non-Enclosed Loudspeakers Market Size in the Middle East

In 2021, the Middle Eastern non-enclosed loudspeakers market increased by 6.6% to $X, rising for the second consecutive year after two years of decline. The market value increased at an average annual rate of +1.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market failed to regain momentum.

Non-Enclosed Loudspeakers Production in the Middle East

In value terms, non-enclosed loudspeakers production contracted to $X in 2021 estimated in export price. The total production indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +5.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +14.0% against 2019 indices. The most prominent rate of growth was recorded in 2017 when the production volume increased by 69%. As a result, production reached the peak level of $X. From 2018 to 2021, production growth failed to regain momentum.

Non-Enclosed Loudspeakers Exports

Exports in the Middle East

In 2021, overseas shipments of loudspeakers (not in enclosure) increased by 57% to X units, rising for the second year in a row after three years of decline. In general, exports, however, continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2015 with an increase of 218%. Over the period under review, the exports hit record highs at X units in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, non-enclosed loudspeakers exports skyrocketed to $X in 2021. Overall, exports, however, saw a pronounced curtailment. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

In 2021, the United Arab Emirates (X units) represented the major exporter of loudspeakers (not in enclosure), creating 53% of total exports. Israel (X units) ranks second in terms of the total exports with a 34% share, followed by Lebanon (7.6%) and Turkey (4.6%).

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Lebanon (with a CAGR of +0.2%), while the other leaders experienced a decline in the exports figures.

In value terms, the United Arab Emirates ($X) remains the largest non-enclosed loudspeakers supplier in the Middle East, comprising 60% of total exports. The second position in the ranking was taken by Israel ($X), with a 23% share of total exports. It was followed by Turkey, with a 15% share.

From 2012 to 2021, the average annual growth rate of value in the United Arab Emirates stood at -1.8%. The remaining exporting countries recorded the following average annual rates of exports growth: Israel (-11.0% per year) and Turkey (+4.4% per year).

Export Prices by Country

In 2021, the export price in the Middle East amounted to $X per unit, surging by 27% against the previous year. Over the period under review, the export price posted pronounced growth. The pace of growth appeared the most rapid in 2019 an increase of 89%. Over the period under review, the export prices hit record highs in 2021 and is likely to see gradual growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Turkey ($X per unit), while Lebanon ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+8.4%), while the other leaders experienced more modest paces of growth.

Non-Enclosed Loudspeakers Imports

Imports in the Middle East

In 2021, purchases abroad of loudspeakers (not in enclosure) was finally on the rise to reach X units for the first time since 2017, thus ending a three-year declining trend. In general, imports, however, continue to indicate a perceptible contraction. The most prominent rate of growth was recorded in 2017 when imports increased by 41%. As a result, imports reached the peak of X units. From 2018 to 2021, the growth of imports failed to regain momentum.

In value terms, non-enclosed loudspeakers imports soared to $X in 2021. Over the period under review, imports, however, recorded a relatively flat trend pattern. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Turkey (X units) was the main importer of loudspeakers (not in enclosure), mixing up 43% of total imports. Israel (X units) held the second position in the ranking, followed by the United Arab Emirates (X units), Jordan (X units) and Iran (X units). All these countries together held near 50% share of total imports. Iraq (X units) took a little share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Iraq (with a CAGR of +10.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), Turkey ($X) and Israel ($X) appeared to be the countries with the highest levels of imports in 2021, together accounting for 82% of total imports.

Israel, with a CAGR of +10.6%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in the Middle East amounted to $X per unit, surging by 5.3% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.1%. The pace of growth was the most pronounced in 2020 when the import price increased by 27%. Over the period under review, import prices reached the maximum in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was the United Arab Emirates ($X per unit), while Jordan ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Iran (+11.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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