Hungary - Single Loudspeakers (In Enclosure) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingLoudspeaker Price in Hungary - 2023
Contents:
- Loudspeaker Price in Hungary (CIF) - 2023
- Loudspeaker Price in Hungary (FOB) - 2022
- Loudspeaker Imports in Hungary
- Loudspeaker Exports in Hungary
Loudspeaker Price in Hungary (CIF) - 2023
The average loudspeaker import price stood at $8.1 per unit in August 2023, which is down by -24.8% against the previous month. In general, import price indicated a perceptible expansion from August 2022 to August 2023: its price increased at an average monthly rate of +2.3% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on August 2023 figures, loudspeaker import price increased by +2.5% against June 2023 indices. The pace of growth appeared the most rapid in July 2023 an increase of 36% m-o-m. As a result, import price reached the peak level of $10.7 per unit, and then fell notably in the following month.
There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was Slovakia ($43.1 per unit), while the price for Italy ($2.1 per unit) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Slovakia (+25.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Loudspeaker Price in Hungary (FOB) - 2022
The average loudspeaker export price stood at $29 per unit in 2022, surging by 15% against the previous year. Over the period under review, the export price showed strong growth. The pace of growth appeared the most rapid in 2016 an increase of 100%. The export price peaked in 2022 and is likely to see steady growth in the immediate term.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the Czech Republic ($33 per unit), while the average price for exports to Portugal ($3.9 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+8.4%), while the prices for the other major destinations experienced more modest paces of growth.
Loudspeaker Imports in Hungary
For the fourth consecutive year, Hungary recorded growth in overseas purchases of single loudspeakers (in enclosure), which increased by 17% to 11M units in 2022. In general, imports saw significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 96%. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in years to come.
In value terms, loudspeaker imports reduced to $27M in 2022. The total import value increased at an average annual rate of +11.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 44%. Imports peaked at $28M in 2021, and then dropped modestly in the following year.
| Import of Loudspeaker in Hungary (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 3.2 | 12.6 | 11.8 | 9.6 | 44.2% |
| Germany | 7.8 | 6.5 | 4.5 | 5.0 | -13.8% |
| Poland | 1.2 | 2.0 | 2.6 | 4.1 | 50.6% |
| Slovakia | 2.4 | 2.1 | 3.8 | 2.8 | 5.3% |
| Italy | 2.2 | 1.9 | 1.5 | 1.6 | -10.1% |
| Others | 3.1 | 3.1 | 4.1 | 4.3 | 11.5% |
| Total | 19.7 | 28.3 | 28.4 | 27.3 | 11.5% |
Top Suppliers of Loudspeaker to Hungary in 2022:
- China (5.6M units)
- Germany (2.2M units)
- Slovakia (1.2M units)
- Italy (1.0M units)
- Poland (0.3M units)
Loudspeaker Exports in Hungary
In 2022, overseas shipments of single loudspeakers (in enclosure) decreased by -5.6% to 866K units, falling for the second year in a row after two years of growth. Over the period under review, exports continue to indicate a abrupt contraction. The pace of growth appeared the most rapid in 2020 when exports increased by 13% against the previous year. As a result, the exports reached the peak of 1.6M units. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, loudspeaker exports expanded notably to $25M in 2022. The total export value increased at an average annual rate of +12.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 28% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the near future.
| Export of Loudspeaker in Hungary (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 0.1 | 0.3 | 7.1 | 10.9 | 377.7% |
| Slovakia | 2.2 | 2.6 | 1.3 | 1.9 | -4.8% |
| Germany | 4.5 | 7.3 | 3.1 | 1.2 | -35.6% |
| Czech Republic | 0.2 | 0.4 | 0.3 | 0.9 | 65.1% |
| United Kingdom | 1.5 | 2.1 | 0.6 | 0.9 | -15.7% |
| Poland | 0.1 | 0.2 | 2.7 | 0.8 | 100.0% |
| Belgium | 2.6 | 2.4 | 1.1 | 0.3 | -51.3% |
| Portugal | 0.4 | 0.2 | 0.1 | 0.1 | -37.0% |
| Austria | 0.7 | 0.3 | 0.2 | N/A | -46.5% |
| United States | 2.0 | 1.7 | N/A | N/A | -15.0% |
| Others | 3.1 | 4.7 | 6.4 | 8.0 | 37.2% |
| Total | 17.4 | 22.2 | 23.0 | 24.9 | 12.7% |
Top Export Markets for Loudspeaker from Hungary in 2022:
- France (370.4K units)
- Slovakia (173.5K units)
- United Kingdom (77.4K units)
- Germany (60.1K units)
- Poland (46.0K units)
- Czech Republic (26.7K units)
- Portugal (21.0K units)
- Belgium (17.1K units)
- Austria (1.2K units)
- United States (0.3K units)
This report provides an in-depth analysis of the loudspeaker market in Hungary. 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:
- Hungary
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Hungary
- 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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