United Kingdom - Loudspeakers - Market Analysis, Forecast, Size, Trends and Insights
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View PricingLoudspeaker Price in the UK - 2023
Contents:
- Loudspeaker Price in the UK (CIF) - 2023
- Loudspeaker Price in the UK (FOB) - 2023
- Loudspeaker Imports in the UK
- Loudspeaker Exports in the UK
Loudspeaker Price in the UK (CIF) - 2023
The average loudspeaker import price stood at $34.3 per unit in August 2023, growing by 36% against the previous month. Over the last twelve months, it increased at an average monthly rate of +2.4%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was Malaysia ($53.3 per unit), while the price for Taiwan (Chinese) ($5.2 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 Malaysia (+10.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Loudspeaker Price in the UK (FOB) - 2023
The average loudspeaker export price stood at $112 per unit in August 2023, which is down by -14.4% against the previous month. Overall, the export price saw a slight setback. The growth pace was the most rapid in October 2022 an increase of 50% against the previous month. Over the period under review, the average export prices attained the maximum at $142 per unit in December 2022; however, from January 2023 to August 2023, the export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In August 2023, the country with the highest price was Germany ($209 per unit), while the average price for exports to Sweden ($14.7 per unit) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Ireland (+6.3%), while the prices for the other major destinations experienced mixed trend patterns.
Loudspeaker Imports in the UK
In 2022, the amount of loudspeakers imported into the UK dropped slightly to 19M units, remaining stable against the previous year's figure. Overall, imports saw a abrupt slump. The most prominent rate of growth was recorded in 2021 when imports increased by 8%. Over the period under review, imports reached the peak figure at 23M units in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, loudspeaker imports amounted to $443M in 2022. Over the period under review, imports saw a noticeable downturn. Imports peaked at $499M in 2019; however, from 2020 to 2022, imports remained at a lower figure.
| Import of Loudspeaker in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 161 | 129 | 153 | 266 | 18.2% |
| Germany | 39.3 | 41.8 | 41.0 | 22.1 | -17.5% |
| Hungary | 16.7 | 9.4 | 11.4 | 17.7 | 2.0% |
| France | 16.9 | 9.9 | 4.6 | 12.8 | -8.8% |
| Italy | 13.8 | 13.6 | 5.9 | 12.0 | -4.6% |
| Vietnam | 11.6 | 10.8 | 8.4 | 9.6 | -6.1% |
| Thailand | 0.1 | 1.6 | 3.7 | 5.9 | 289.3% |
| Taiwan (Chinese) | 2.8 | 2.2 | 3.1 | 5.6 | 26.0% |
| Belgium | 62.5 | 47.7 | 52.8 | 5.4 | -55.8% |
| Poland | 4.5 | 7.4 | 2.9 | 3.5 | -8.0% |
| Hong Kong SAR | 2.9 | 5.3 | 7.1 | 2.9 | 0.0% |
| Netherlands | 98.5 | 110 | 61.3 | 2.0 | -72.7% |
| Slovakia | 2.1 | 2.0 | 0.7 | 1.8 | -5.0% |
| Others | 66.2 | 53.2 | 48.3 | 75.2 | 4.3% |
| Total | 499 | 443 | 404 | 443 | -3.9% |
Top Suppliers of Loudspeaker to the UK in 2022:
- Netherlands (undefinedM units)
- China (11.6M units)
- Hungary (1.8M units)
- Germany (1.0M units)
- Vietnam (0.6M units)
- Hong Kong SAR (0.5M units)
- Italy (0.4M units)
- Taiwan (Chinese) (0.4M units)
- France (0.4M units)
- Slovakia (0.4M units)
- Poland (0.3M units)
- Belgium (0.3M units)
- Thailand (0.3M units)
Loudspeaker Exports in the UK
For the third consecutive year, the UK recorded decline in overseas shipments of loudspeakers, which decreased by -8.2% to 2.1M units in 2022. Over the period under review, exports showed a sharp descent. Over the period under review, the exports reached the maximum at 5.4M units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, loudspeaker exports rose significantly to $241M in 2022. The total export value increased at an average annual rate of +1.4% from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Loudspeaker in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 37.8 | 43.7 | 44.4 | 46.4 | 7.1% |
| United States | 26.6 | 23.7 | 29.9 | 45.9 | 19.9% |
| China | 11.1 | 12.0 | 17.1 | 25.1 | 31.3% |
| Belgium | 7.9 | 7.6 | 6.9 | 10.5 | 9.9% |
| Netherlands | 13.2 | 10.0 | 15.3 | 10.3 | -7.9% |
| France | 15.3 | 17.9 | 10.3 | 8.0 | -19.4% |
| Hong Kong SAR | 5.9 | 4.5 | 4.9 | 7.0 | 5.9% |
| Ireland | 15.3 | 14.7 | 7.7 | 6.3 | -25.6% |
| Italy | 9.1 | 8.2 | 5.0 | 5.1 | -17.6% |
| United Arab Emirates | 1.7 | 1.3 | 2.0 | 5.1 | 44.2% |
| Sweden | 5.3 | 4.6 | 4.2 | 4.0 | -9.0% |
| Poland | 9.5 | 8.0 | 4.8 | 3.4 | -29.0% |
| Turkey | 1.3 | 1.0 | 1.1 | 1.8 | 11.5% |
| Others | 71.0 | 54.3 | 57.3 | 62.0 | -4.4% |
| Total | 231 | 212 | 211 | 241 | 1.4% |
Top Export Markets for Loudspeaker from the UK in 2022:
- Germany (390.1K units)
- Sweden (374.7K units)
- Belgium (169.5K units)
- Ireland (160.3K units)
- United States (152.0K units)
- Netherlands (143.8K units)
- France (101.5K units)
- Italy (64.3K units)
- Poland (53.7K units)
- Turkey (51.3K units)
- Hong Kong SAR (37.2K units)
- United Arab Emirates (32.1K units)
- China (30.1K units)
This report provides an in-depth analysis of the loudspeaker market in the UK. 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:
- United Kingdom
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the UK
- 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
- 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
-
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
-
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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