India - Loudspeakers - Market Analysis, Forecast, Size, Trends and Insights
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View PricingLoudspeaker Price in India - 2023
Contents:
- Loudspeaker Price in India (CIF) - 2023
- Loudspeaker Price in India (FOB) - 2022
- Loudspeaker Imports in India
- Loudspeaker Exports in India
Loudspeaker Price in India (CIF) - 2023
The average loudspeaker import price stood at $17.7 per unit in July 2023, with a decrease of -6.4% against the previous month. Over the period under review, the import price, however, posted a prominent expansion. The pace of growth appeared the most rapid in April 2023 an increase of 558% month-to-month. Over the period under review, average import prices attained the maximum at $19.0 per unit in June 2023, and then declined in the following month.
Prices varied noticeably by the country of origin: the country with the highest price was Hong Kong SAR ($37.6 per unit), while the price for Indonesia ($5.4 per unit) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Vietnam (+29.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Loudspeaker Price in India (FOB) - 2022
In 2022, the average loudspeaker export price amounted to $7.9 per unit, picking up by 8.1% against the previous year. Overall, the export price, however, continues to indicate a noticeable contraction. The pace of growth was the most pronounced in 2013 an increase of 52% against the previous year. Over the period under review, the average export prices reached the peak figure at $29 per unit in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($18 per unit), while the average price for exports to Vietnam ($1.9 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 Canada (+0.6%), while the prices for the other major destinations experienced a decline.
Loudspeaker Imports in India
For the fourth consecutive year, India recorded growth in overseas purchases of loudspeakers, which increased by 37% to 1.3B units in 2022. Overall, imports saw a significant increase. The pace of growth appeared the most rapid in 2021 when imports increased by 55%. Over the period under review, imports reached the maximum in 2022 and are likely to see gradual growth in years to come.
In value terms, loudspeaker imports surged to $755M in 2022. In general, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +11.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +72.2% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Loudspeaker in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 275 | 220 | 306 | 395 | 12.8% |
| Vietnam | 136 | 121 | 134 | 193 | 12.4% |
| Hong Kong SAR | 32.5 | 32.2 | 45.4 | 65.1 | 26.1% |
| Others | 109 | 65.1 | 83.0 | 101 | -2.5% |
| Total | 552 | 438 | 569 | 755 | 11.0% |
Top Suppliers of Loudspeaker to India in 2022:
- Vietnam (625.5M units)
- China (561.3M units)
- Hong Kong SAR (139.0M units)
Loudspeaker Exports in India
In 2022, loudspeaker exports from India skyrocketed to 3.9M units, rising by 27% on the year before. Overall, total exports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +12.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +64.0% against 2020 indices. The pace of growth was the most pronounced in 2021 when exports increased by 29% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.
In value terms, loudspeaker exports surged to $31M in 2022. Over the period under review, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 38%. The exports peaked in 2022 and are likely to see gradual growth in years to come.
| Export of Loudspeaker in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 1.9 | 1.7 | 1.5 | 4.4 | 32.3% |
| Germany | 2.2 | 2.1 | 5.8 | 4.3 | 25.0% |
| United States | 1.4 | 1.4 | 1.8 | 4.2 | 44.2% |
| Netherlands | 0.3 | 0.2 | 0.1 | 2.9 | 113.0% |
| China | 0.4 | 1.3 | 0.3 | 1.9 | 68.1% |
| Vietnam | 0.3 | 0.6 | 0.2 | 0.7 | 32.6% |
| Canada | 0.7 | 0.4 | 0.4 | 0.6 | -5.0% |
| Bangladesh | 0.3 | 0.3 | 0.8 | 0.6 | 26.0% |
| Nigeria | 2.1 | 0.3 | 0.4 | 0.5 | -38.0% |
| Nepal | 1.1 | 0.3 | 0.6 | 0.4 | -28.6% |
| Brazil | 0.7 | 0.5 | 0.5 | 0.3 | -24.6% |
| Thailand | 1.9 | 0.5 | 0.5 | 0.2 | -52.8% |
| Kenya | 2.6 | N/A | N/A | 0.1 | -66.2% |
| Others | 14.7 | 6.9 | 9.5 | 10.0 | -12.1% |
| Total | 30.6 | 16.5 | 22.6 | 31.1 | 0.5% |
Top Export Markets for Loudspeaker from India in 2022:
- Germany (587.2K units)
- United States (523.0K units)
- Netherlands (462.9K units)
- China (374.2K units)
- Vietnam (368.8K units)
- United Arab Emirates (241.6K units)
- Brazil (169.4K units)
- Nepal (160.7K units)
- Bangladesh (153.4K units)
- Canada (121.6K units)
- Nigeria (78.7K units)
- Thailand (37.4K units)
- Kenya (8.2K units)
This report provides an in-depth analysis of the loudspeaker market in India. 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:
- India
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in India
- 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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