China - Single Loudspeakers (In Enclosure) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingLoudspeaker Price in China - 2023
Contents:
- Loudspeaker Price in China (FOB) - 2023
- Loudspeaker Price in China (CIF) - 2023
- Loudspeaker Exports in China
- Loudspeaker Imports in China
Loudspeaker Price in China (FOB) - 2023
In September 2023, the average loudspeaker export price amounted to $9.2 per unit, remaining stable against the previous month. Over the period under review, the export price, however, saw a noticeable reduction. The most prominent rate of growth was recorded in October 2022 an increase of 14% m-o-m. As a result, the export price reached the peak level of $15.2 per unit. From November 2022 to September 2023, the the average export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In September 2023, the country with the highest price was the Netherlands ($23.6 per unit), while the average price for exports to Kenya ($2.8 per unit) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+3.3%), while the prices for the other major destinations experienced more modest paces of growth.
Loudspeaker Price in China (CIF) - 2023
In September 2023, the average loudspeaker import price amounted to $33.7 per unit, increasing by 19% against the previous month. Overall, import price indicated a buoyant increase from September 2022 to September 2023: its price increased at an average monthly rate of +6.4% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2023 figures, loudspeaker import price increased by +39.6% against June 2023 indices. The pace of growth was the most pronounced in October 2022 when the average import price increased by 64% against the previous month. The import price peaked in September 2023.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Mexico ($55.0 per unit), while the price for Vietnam ($13.9 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 Thailand (+24.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Loudspeaker Exports in China
After three years of growth, overseas shipments of single loudspeakers (in enclosure) decreased by -9.8% to 291M units in 2022. In general, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when exports increased by 9.9%. As a result, the exports reached the peak of 323M units, and then declined in the following year.
In value terms, loudspeaker exports stood at $3.5B in 2022. The total export value increased at an average annual rate of +4.4% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The pace of growth was the most pronounced in 2021 with an increase of 6.8%. The exports peaked in 2022 and are likely to see gradual growth in the near future.
| Export of Loudspeaker in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 894 | 767 | 766 | 774 | -4.7% |
| Netherlands | 189 | 230 | 211 | 244 | 8.9% |
| India | 131 | 125 | 159 | 174 | 9.9% |
| United Kingdom | 156 | 197 | 174 | 165 | 1.9% |
| Mexico | 64.5 | 74.9 | 116 | 148 | 31.9% |
| Russia | 45.5 | 81.1 | 82.3 | 137 | 44.4% |
| Vietnam | 115 | 201 | 151 | 108 | -2.1% |
| Japan | 38.4 | 66.2 | 76.8 | 82.4 | 29.0% |
| Thailand | 38.9 | 72.9 | 96.5 | 76.3 | 25.2% |
| Brazil | 50.3 | 76.5 | 102 | 75.1 | 14.3% |
| South Korea | 55.0 | 53.3 | 71.9 | 61.8 | 4.0% |
| Nigeria | 18.8 | 24.2 | 25.0 | 32.1 | 19.5% |
| Tanzania | 10.8 | 16.0 | 23.6 | 27.1 | 35.9% |
| Others | 1,300 | 1,319 | 1,474 | 1,426 | 3.1% |
| Total | 3,107 | 3,303 | 3,529 | 3,532 | 4.4% |
Top Export Markets for Loudspeaker from China in 2022:
- United States (40.8M units)
- India (30.8M units)
- Vietnam (14.9M units)
- Netherlands (13.1M units)
- Brazil (9.3M units)
- Mexico (9.3M units)
- Russia (8.9M units)
- Tanzania (8.6M units)
- Nigeria (7.7M units)
- Japan (6.1M units)
- Thailand (5.2M units)
- United Kingdom (5.1M units)
- South Korea (5.1M units)
Loudspeaker Imports in China
In 2022, overseas purchases of single loudspeakers (in enclosure) decreased by -40.3% to 7M units for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, posted resilient growth. The pace of growth appeared the most rapid in 2020 when imports increased by 127% against the previous year. Over the period under review, imports attained the peak figure at 12M units in 2021, and then shrank remarkably in the following year.
In value terms, loudspeaker imports fell sharply to $144M in 2022. In general, imports, however, showed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 159%. Over the period under review, imports hit record highs at $220M in 2021, and then declined rapidly in the following year.
| Import of Loudspeaker in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 14.1 | 37.2 | 53.5 | 40.9 | 42.6% |
| Vietnam | 12.3 | 24.7 | 52.0 | 23.0 | 23.2% |
| Germany | 3.2 | 9.0 | 22.0 | 12.3 | 56.6% |
| Thailand | 0.1 | 3.1 | 2.0 | 12.1 | 394.6% |
| Hungary | 7.7 | 21.2 | 28.0 | 10.5 | 10.9% |
| Malaysia | 1.5 | 8.3 | 9.1 | 7.0 | 67.1% |
| South Korea | 1.7 | 0.1 | 0.1 | 0.1 | -61.1% |
| Others | 14.9 | 40.0 | 53.6 | 38.0 | 36.6% |
| Total | 55.5 | 144 | 220 | 144 | 37.4% |
Top Suppliers of Loudspeaker to China in 2022:
- Vietnam (3364.7K units)
- Mexico (849.9K units)
- Thailand (763.6K units)
- Hungary (691.3K units)
- Germany (515.4K units)
- Malaysia (488.7K units)
- South Korea (7.6K units)
This report provides an in-depth analysis of the loudspeaker market in China. 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)
Country coverage:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in China
- 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
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In March 2023, the loudspeaker price amounted to $10.4 per unit (FOB, China), declining by -7.6% against the previous month.
277
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