Hong Kong SAR, China - Loudspeakers - Market Analysis, Forecast, Size, Trends and Insights
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View PricingLoudspeaker Price in Hong Kong SAR - 2023
Contents:
- Loudspeaker Price in Hong Kong SAR (FOB) - 2023
- Loudspeaker Price in Hong Kong SAR (CIF) - 2023
- Loudspeaker Exports in Hong Kong SAR
- Loudspeaker Imports in Hong Kong SAR
Loudspeaker Price in Hong Kong SAR (FOB) - 2023
The average loudspeaker export price stood at $3.4 per unit in September 2023, with an increase of 2.6% against the previous month. Over the period under review, export price indicated a slight increase from September 2022 to September 2023: its price increased at an average monthly rate of +1.6% 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, loudspeaker export price increased by +8.7% against July 2023 indices. The growth pace was the most rapid in January 2023 an increase of 31% m-o-m. The export price peaked at $4.2 per unit in April 2023; however, from May 2023 to September 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was the United States ($5.9 per unit), while the average price for exports to Singapore ($720 per thousand units) 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 China (+6.4%), while the prices for the other major destinations experienced more modest paces of growth.
Loudspeaker Price in Hong Kong SAR (CIF) - 2023
In September 2023, the average loudspeaker import price amounted to $2.8 per unit, reducing by -2.1% against the previous month. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in June 2023 an increase of 71% against the previous month. The import price peaked at $3.6 per unit in March 2023; however, from April 2023 to September 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was China ($2.5 per unit), while the price for Vietnam stood at $1.3 per unit.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Vietnam (+5.9%).
Loudspeaker Exports in Hong Kong SAR
In 2022, approx. 308M units of loudspeakers were exported from Hong Kong SAR; declining by -14.6% against the previous year's figure. Over the period under review, exports continue to indicate a abrupt curtailment. The pace of growth appeared the most rapid in 2021 with an increase of 12% against the previous year. Over the period under review, the exports hit record highs at 364M units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, loudspeaker exports contracted markedly to $616M in 2022. Overall, exports continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2021 with an increase of 31% against the previous year. As a result, the exports reached the peak of $1B, and then dropped notably in the following year.
| Export of Loudspeaker in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 357 | 316 | 382 | 198 | -17.8% |
| United States | 138 | 81.8 | 128 | 63.0 | -23.0% |
| Vietnam | 8.9 | 10.6 | 33.5 | 47.8 | 75.1% |
| Japan | 83.8 | 52.2 | 59.2 | 45.6 | -18.4% |
| India | 28.7 | 20.3 | 31.4 | 24.6 | -5.0% |
| Thailand | 5.7 | 8.3 | 12.8 | 21.3 | 55.2% |
| Germany | 33.2 | 20.5 | 32.6 | 11.5 | -29.8% |
| Malaysia | 16.6 | 10.4 | 15.0 | 11.3 | -12.0% |
| Mexico | 11.4 | 10.9 | 19.0 | 8.4 | -9.7% |
| Indonesia | 3.2 | 1.9 | 2.1 | 5.0 | 16.0% |
| Others | 238 | 238 | 292 | 179 | -9.1% |
| Total | 924 | 771 | 1,008 | 616 | -12.6% |
Top Export Markets for Loudspeaker from Hong Kong SAR in 2022:
- China (129.8M units)
- India (45.4M units)
- Vietnam (38.4M units)
- Japan (17.1M units)
- United States (13.1M units)
- Indonesia (10.5M units)
- Thailand (10.2M units)
- Malaysia (5.7M units)
- Mexico (5.5M units)
- Germany (5.1M units)
Loudspeaker Imports in Hong Kong SAR
In 2022, loudspeaker imports into Hong Kong SAR contracted rapidly to 188M units, which is down by -41.8% on the year before. In general, imports faced a deep slump. The pace of growth appeared the most rapid in 2021 with an increase of 22%. Over the period under review, imports attained the peak figure at 323M units in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, loudspeaker imports shrank notably to $541M in 2022. Overall, imports continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2021 when imports increased by 27% against the previous year. As a result, imports reached the peak of $936M, and then dropped significantly in the following year.
| Import of Loudspeaker in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 675 | 641 | 812 | 418 | -14.8% |
| Vietnam | 10.6 | 8.2 | 18.4 | 12.7 | 6.2% |
| Malaysia | 15.7 | 3.6 | 3.1 | 8.1 | -19.8% |
| Others | 92.3 | 82.2 | 102 | 102 | 3.4% |
| Total | 794 | 735 | 936 | 541 | -12.0% |
Top Suppliers of Loudspeaker to Hong Kong SAR in 2022:
- China (169.8M units)
- Vietnam (10.6M units)
- Malaysia (0.8M units)
This report provides an in-depth analysis of the loudspeaker market in Hong Kong SAR, 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)
- 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:
- Hong Kong SAR
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Hong Kong SAR, 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
-
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 June 2023, the loudspeaker price was $3.4 per unit (FOB, Hong Kong), experiencing a decrease of -6.4% compared to the previous month.
205
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