Canada - Loudspeakers - Market Analysis, Forecast, Size, Trends and Insights
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View PricingCanada Sets New Import Record for Loudspeakers at $63M in September 2023
Canada Loudspeaker Imports
In September 2023, overseas purchases of loudspeakers increased by 1.9% to 1.8M units, rising for the second month in a row after two months of decline. Over the period under review, total imports indicated a mild expansion from September 2022 to September 2023: its volume increased at an average monthly rate of +1.7% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2023 figures, imports increased by +46.0% against July 2023 indices. The pace of growth was the most pronounced in August 2023 with an increase of 43% against the previous month. Over the period under review, imports reached the maximum in September 2023.
In value terms, loudspeaker imports expanded notably to $63M (IndexBox estimates) in September 2023. In general, total imports indicated mild growth from September 2022 to September 2023: its value increased at an average monthly rate of +1.7% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2023 figures, imports increased by +48.1% against July 2023 indices. The most prominent rate of growth was recorded in August 2023 with an increase of 32% against the previous month. Over the period under review, imports reached the peak figure in September 2023.
| COUNTRY | Import Value of Loudspeaker in Canada (million USD) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sep 2022 | Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 | Apr 2023 | May 2023 | Jun 2023 | Jul 2023 | Aug 2023 | Sep 2023 | |
| China | 28.1 | 32.5 | 23.7 | 14.9 | 16.9 | 16.7 | 17.4 | 17.7 | 19.7 | 19.2 | 19.3 | 23.8 | 29.0 |
| Vietnam | 3.1 | 7.8 | 3.7 | 2.9 | 2.7 | 3.0 | 3.0 | 3.5 | 2.9 | 5.8 | 4.1 | 11.6 | 10.1 |
| United States | 7.8 | 4.3 | 5.4 | 4.6 | 5.9 | 5.7 | 6.5 | 6.4 | 7.8 | 7.6 | 6.9 | 9.4 | 8.6 |
| Malaysia | 5.0 | 9.0 | 8.9 | 3.4 | 5.7 | 2.5 | 3.2 | 1.2 | 4.1 | 5.6 | 3.8 | 4.2 | 6.7 |
| Mexico | 3.3 | 3.6 | 4.5 | 4.0 | 5.0 | 4.0 | 4.4 | 3.2 | 3.4 | 4.0 | 3.5 | 3.5 | 3.5 |
| Thailand | 1.2 | 1.9 | 2.0 | 2.2 | 1.2 | 1.0 | 0.8 | 0.8 | 1.1 | 1.0 | 0.9 | 0.8 | 1.5 |
| Others | 3.2 | 3.8 | 3.8 | 4.0 | 3.4 | 3.4 | 5.0 | 3.9 | 4.8 | 6.0 | 4.2 | 3.2 | 3.7 |
| Total | 51.7 | 62.9 | 51.9 | 35.8 | 40.9 | 36.2 | 40.4 | 36.7 | 43.8 | 49.1 | 42.6 | 56.4 | 63.1 |
Imports by Country
In September 2023, China (864K units) constituted the largest loudspeaker supplier to Canada, with a 47% share of total imports. Moreover, loudspeaker imports from China exceeded the figures recorded by the second-largest supplier, the United States (409K units), twofold. The third position in this ranking was taken by Vietnam (202K units), with an 11% share.
From September 2022 to September 2023, the average monthly growth rate of volume from China totaled +1.2%. The remaining supplying countries recorded the following average monthly rates of imports growth: the United States (-0.4% per month) and Vietnam (+9.7% per month).
In value terms, China ($29M) constituted the largest supplier of loudspeaker to Canada, comprising 46% of total imports. The second position in the ranking was held by Vietnam ($10M), with a 16% share of total imports. It was followed by the United States, with a 14% share.
From September 2022 to September 2023, the average monthly rate of growth in terms of value from China was relatively modest. The remaining supplying countries recorded the following average monthly rates of imports growth: Vietnam (+10.3% per month) and the United States (+0.8% per month).
Imports by Type
In September 2023, loudspeakers (not in enclosure) (979K units) constituted the largest type of loudspeaker supplied to Canada, accounting for a 54% share of total imports. Moreover, loudspeakers (not in enclosure) exceeded the figures recorded for the second-largest type, single loudspeakers (in enclosure) (437K units), twofold.
From September 2022 to September 2023, the average monthly growth rate of the volume of import of loudspeakers (not in enclosure) amounted to +1.8%. With regard to the other supplied products, the following average monthly rates of growth were recorded: single loudspeakers (in enclosure) (+0.8% per month) and multiple loudspeakers (in enclosure) (+2.7% per month).
In value terms, multiple loudspeakers (in enclosure) ($42M) constituted the largest type of loudspeaker supplied to Canada, comprising 66% of total imports. The second position in the ranking was taken by single loudspeakers (in enclosure) ($12M), with a 19% share of total imports.
Import Prices by Country
In September 2023, the loudspeaker price stood at $34.7 per unit (CIF, Canada), growing by 9.8% against the previous month. In general, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in October 2022 an increase of 20% month-to-month. As a result, import price attained the peak level of $41,989 per thousand units. From November 2022 to September 2023, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Malaysia ($185 per unit), while the price for Mexico ($20.1 per unit) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by the United States (+1.3%), while the prices for the other major suppliers experienced mixed trend patterns.
This report provides an in-depth analysis of the loudspeaker market in Canada. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 26404235 - Single loudspeakers mounted in their enclosures (including frames or cabinets mainly designed for mounting loudspeakers)
- Prodcom 26404237 - Multiple loudspeakers mounted in the same enclosure (including frames or cabinets mainly designed for mounting loudspeakers)
- Prodcom 26404239 - Loudspeakers (including speaker drive units, frames or cabinets mainly designed for mounting loudspeakers) (excluding those mounted in their enclosures)
Country coverage:
- Canada
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Canada
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
