United Arab Emirates: Loudspeaker Market 2024

Loudspeaker Market Size in the United Arab Emirates

After two years of growth, the loudspeaker market in the United Arab Emirates decreased by X% to $X in 2023. Overall, the total consumption indicated a mild 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, consumption increased by X% against 2020 indices. As a result, consumption reached the peak level of $X, and then fell markedly in the following year.

Loudspeaker Exports

Exports from the United Arab Emirates

In 2023, approx. X units of loudspeakers were exported from the United Arab Emirates; growing by X% compared with the year before. Over the period under review, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 when exports increased by X%. As a result, the exports attained the peak of X units. From 2014 to 2023, the growth of the exports failed to regain momentum.

In value terms, loudspeaker exports skyrocketed to $X in 2023. Overall, total exports indicated perceptible 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. Based on 2023 figures, exports decreased by X% against 2021 indices. The pace of growth appeared the most rapid in 2013 when exports increased by X% against the previous year. The exports peaked at $X in 2021; however, from 2022 to 2023, the exports failed to regain momentum.

Exports by Country

Tanzania (X units), the UK (X units) and Sri Lanka (X units) were the main destinations of loudspeaker exports from the United Arab Emirates, with a combined X% share of total exports. Georgia, Maldives, the Czech Republic, Mozambique and Zimbabwe lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Czech Republic (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the Czech Republic ($X), Maldives ($X) and Georgia ($X) constituted the largest markets for loudspeaker exported from the United Arab Emirates worldwide, with a combined X% share of total exports.

Among the main countries of destination, the Czech Republic, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average loudspeaker export price stood at $X per unit in 2023, falling by X% against the previous year. Overall, the export price, however, continues to indicate moderate growth. The growth pace was the most rapid in 2016 when the average export price increased by X%. The export price peaked at $X per unit in 2019; however, from 2020 to 2023, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Czech Republic ($X per unit), while the average price for exports to Tanzania ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Angola (X%), while the prices for the other major destinations experienced more modest paces of growth.

Loudspeaker Imports

Imports into the United Arab Emirates

In 2023, after two years of growth, there was significant decline in overseas purchases of loudspeakers, when their volume decreased by X% to X units. Overall, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2022 with an increase of X% against the previous year. Imports peaked at X units in 2014; however, from 2015 to 2023, imports failed to regain momentum.

In value terms, loudspeaker imports contracted remarkably to $X in 2023. In general, total imports indicated moderate 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. Based on 2023 figures, imports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2022 with an increase of X% against the previous year. As a result, imports reached the peak of $X, and then plummeted in the following year.

Imports by Country

In 2023, China (X units) was the main supplier of loudspeaker to the United Arab Emirates, with a X% share of total imports. Moreover, loudspeaker imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), more than tenfold.

From 2012 to 2023, the average annual rate of growth in terms of volume from China was relatively modest.

In value terms, China ($X) constituted the largest supplier of loudspeakers to the United Arab Emirates, comprising X% of total imports. The second position in the ranking was taken by the United States ($X), with a X% share of total imports.

From 2012 to 2023, the average annual growth rate of value from China totaled X%.

Import Prices by Country

In 2023, the average loudspeaker import price amounted to $X per unit, dropping by X% against the previous year. Overall, import price indicated notable growth 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 2019 indices. The growth pace was the most rapid in 2015 an increase of X%. The import price peaked at $X per unit in 2017; however, from 2018 to 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was the United States ($X per unit), while the price for China amounted to $X per unit.

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

Source: IndexBox Platform