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U.S. Audio And Video Equipment Market. Analysis And Forecast to 2030

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Article Publishing Date: Jan 2, 2024

Imports of Audio and Video Equipment Surge by 11% to $4.4B in October 2023

U.S. Audio And Video Equipment Imports

In October 2023, approximately 186M units of audio and video equipment were imported into the United States; rising by 37% compared with the month before. In general, total imports indicated tangible growth from October 2022 to October 2023: its volume increased at an average monthly rate of +4.1% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on October 2023 figures, imports increased by +34.7% against July 2023 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, audio and video equipment imports rose remarkably to $4.4B (IndexBox estimates) in October 2023. Over the period under review, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in September 2023 when imports increased by 16% m-o-m. Imports peaked at 4.4B units in October 2022; however, from November 2022 to October 2023, imports remained at a lower figure. U.S. Audio And Video Equipment Imports By Country (Million USD)

COUNTRY	Import Value of Audio And Video Equipment in U.S. (million USD)
COUNTRY	Oct 2022	Nov 2022	Dec 2022	Jan 2023	Feb 2023	Mar 2023	Apr 2023	May 2023	Jun 2023	Jul 2023	Aug 2023	Sep 2023	Oct 2023
Mexico	1,664	1,358	903	974	964	1,110	991	1,136	1,149	1,128	1,376	1,547	1,621
China	1,149	935	785	744	572	651	707	828	807	741	853	960	994
Vietnam	684	523	317	363	313	321	352	369	407	419	357	587	861
Taiwan (Chinese)	120	139	110	90.9	81.6	77.1	83.6	98.0	98.0	94.7	92.2	105	104
Others	781	680	601	641	554	706	663	698	681	697	680	712	777
Total	4,397	3,634	2,717	2,813	2,484	2,864	2,797	3,129	3,142	3,079	3,359	3,911	4,357

Imports by Country

In October 2023, China (117M units) constituted the largest supplier of audio and video equipment to the United States, accounting for a 63% share of total imports. Moreover, audio and video equipment imports from China exceeded the figures recorded by the second-largest supplier, Vietnam (33M units), threefold. The third position in this ranking was taken by Mexico (17M units), with a 9.1% share.

From October 2022 to October 2023, the average monthly growth rate of volume from China amounted to +4.9%. The remaining supplying countries recorded the following average monthly rates of imports growth: Vietnam (+6.9% per month) and Mexico (+1.4% per month).

In value terms, the largest audio and video equipment suppliers to the United States were Mexico ($1.6B), China ($994M) and Vietnam ($861M), together accounting for 80% of total imports.

In terms of the main suppliers, Vietnam, with a CAGR of +1.9%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In October 2023, the audio and video equipment price amounted to $23.5 per unit (CIF, US), dropping by -18.5% against the previous month. Overall, the import price saw a pronounced curtailment. The most prominent rate of growth was recorded in April 2023 an increase of 61% month-to-month. Over the period under review, average import prices reached the maximum at $38.2 per unit in October 2022; however, from November 2022 to October 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was Mexico ($95.7 per unit), while the price for China ($8.5 per unit) was amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+3.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for audio and video equipment in the U.S.. 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:

NAICS 334310 - Audio and video equipment manufacturing

Companies mentioned:

Bose Corporation
Harman International Industries Incorporated
Toshiba America
Qsc Audio Products
Technicolor Usa
Sony Electronics
Shure Incorporated
Fender Musical Instruments Corporation
Toshiba America Electronic Components
Universal Electronics
Harman Professional
Loud Technologies
Vizio
Beats Electronics
Lg Electronics Alabama
Rockford Corporation
Inrix
Mitek Corporation
D & M Holdings US
Lotus International Company
Emerson Radio Corp.
Metra Electronics Corporation
Warner Bros. Home Entertainment
Zenith Electronics Corporation
Panasonic Industrial Devices Corporation of America
Inzi Display America
Vtb Holdings
Sun Mackie
Shyk International Corp.
Al Shellco
Knowles Corporation

Country coverage:

United States

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in the U.S.
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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023

U.S. Audio And Video Equipment Market. Analysis And Forecast to 2030

Imports of Audio and Video Equipment Surge by 11% to $4.4B in October 2023

U.S. Audio And Video Equipment Imports

Imports by Country

Import Prices by Country

Product coverage:

Companies mentioned:

Country coverage:

Data coverage:

Reasons to buy this report:

1. INTRODUCTION

2. EXECUTIVE SUMMARY

3. MARKET OVERVIEW

4. MOST PROMISING PRODUCT

5. MOST PROMISING SUPPLYING COUNTRIES

6. MOST PROMISING OVERSEAS MARKETS

7. PRODUCTION

8. IMPORTS

9. EXPORTS

10. PROFILES OF MAJOR PRODUCERS

LIST OF TABLES

LIST OF FIGURES

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