Hong Kong SAR, China - Multiple Loudspeakers (In Enclosure) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingMultiple Loudspeakers Price in Hong Kong SAR - 2023
Contents:
- Multiple Loudspeakers Price in Hong Kong SAR (FOB) - 2022
- Multiple Loudspeakers Price in Hong Kong SAR (CIF) - 2023
- Multiple Loudspeakers Exports in Hong Kong SAR
- Multiple Loudspeakers Imports in Hong Kong SAR
Multiple Loudspeakers Price in Hong Kong SAR (FOB) - 2022
In 2022, the average multiple loudspeakers export price amounted to $33 per unit, declining by -17.1% against the previous year. Overall, export price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, multiple loudspeakers export price decreased by -26.2% against 2018 indices. The pace of growth was the most pronounced in 2016 an increase of 25% against the previous year. Over the period under review, the average export prices reached the peak figure at $44 per unit in 2018; however, from 2019 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 China ($141 per unit), while the average price for exports to Thailand ($6 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 the Netherlands (+15.8%), while the prices for the other major destinations experienced more modest paces of growth.
Multiple Loudspeakers Price in Hong Kong SAR (CIF) - 2023
In September 2023, the average multiple loudspeakers import price amounted to $63.4 per unit, falling by -2.2% against the previous month. Over the period from September 2022 to September 2023, it increased at an average monthly rate of +1.1%. The most prominent rate of growth was recorded in June 2023 an increase of 25% against the previous month. As a result, import price attained the peak level of $84.5 per unit. From July 2023 to September 2023, the average import prices remained at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In September 2023, the country with the highest price was China ($45.5 per unit), while the price for Taiwan (Chinese) stood at $40.6 per unit.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by China (-0.4%).
Multiple Loudspeakers Exports in Hong Kong SAR
In 2022, the amount of multiple loudspeakers (in enclosure) exported from Hong Kong SAR shrank notably to 8M units, waning by -21.7% against the previous year's figure. In general, exports showed a abrupt decrease. The pace of growth was the most pronounced in 2021 with an increase of 36% against the previous year. As a result, the exports attained the peak of 10M units, and then shrank remarkably in the following year.
In value terms, multiple loudspeakers exports reduced markedly to $261M in 2022. Over the period under review, exports continue to indicate a abrupt slump. The pace of growth appeared the most rapid in 2021 with an increase of 51% against the previous year. The exports peaked at $403M in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
Export of Multiple Loudspeakers in Hong Kong SAR (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 130 | 90.5 | 109 | 82.5 | -14.1% |
Netherlands | 30.9 | 39.1 | 77.9 | 41.8 | 10.6% |
United States | 71.8 | 30.8 | 58.7 | 26.4 | -28.4% |
Japan | 48.0 | 34.5 | 41.3 | 25.9 | -18.6% |
Thailand | 1.0 | 2.9 | 7.0 | 14.7 | 145.0% |
Germany | 13.0 | 10.5 | 17.8 | 5.3 | -25.9% |
Czech Republic | 2.3 | 1.7 | 2.2 | 5.1 | 30.4% |
United Kingdom | 16.2 | 9.5 | 8.9 | 3.1 | -42.4% |
Mexico | 3.1 | 2.6 | 7.4 | 1.9 | -15.1% |
Others | 86.8 | 44.0 | 71.9 | 54.5 | -14.4% |
Total | 403 | 266 | 402 | 261 | -13.5% |
Top Export Markets for Multiple Loudspeakers from Hong Kong SAR in 2022:
- Japan (2508.5K units)
- Thailand (2455.8K units)
- China (583.4K units)
- United States (527.6K units)
- Netherlands (361.0K units)
- Czech Republic (221.1K units)
- Mexico (164.8K units)
- Germany (96.7K units)
- United Kingdom (64.5K units)
Multiple Loudspeakers Imports in Hong Kong SAR
Multiple loudspeakers imports into Hong Kong SAR dropped rapidly to 3.8M units in 2022, which is down by -21.3% on the year before. Over the period under review, imports faced a sharp shrinkage. The pace of growth appeared the most rapid in 2021 with an increase of 24% against the previous year. Over the period under review, imports attained the peak figure at 8.7M units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, multiple loudspeakers imports shrank remarkably to $231M in 2022. Overall, imports saw a abrupt setback. The most prominent rate of growth was recorded in 2021 when imports increased by 41%. Over the period under review, imports hit record highs at $332M in 2019; however, from 2020 to 2022, imports remained at a lower figure.
Import of Multiple Loudspeakers in Hong Kong SAR (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 269 | 151 | 218 | 160 | -15.9% |
United States | 12.6 | 10.2 | 8.8 | 9.3 | -9.6% |
Taiwan (Chinese) | 1.0 | 0.2 | 4.5 | 6.9 | 90.4% |
Vietnam | 2.5 | 1.7 | 2.5 | 1.8 | -10.4% |
Myanmar | 0.2 | N/A | N/A | N/A | 0% |
Others | 46.8 | 38.7 | 51.9 | 53.3 | 4.4% |
Total | 332 | 202 | 286 | 231 | -11.4% |
Top Suppliers of Multiple Loudspeakers to Hong Kong SAR in 2022:
- China (3276.2K units)
- Taiwan (Chinese) (152.3K units)
- Vietnam (102.3K units)
- United States (88.8K units)
This report provides an in-depth analysis of the multiple loudspeakers 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 26404237 - Multiple loudspeakers mounted in the same enclosure (including frames or cabinets mainly designed for mounting loudspeakers)
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
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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 multiple loudspeakers price amounted to $43.5 per unit (FOB, Hong Kong), increasing by 34% against the previous month.
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.
During the review period, the exports of Headphone reached their peak at 6M units in August 2023, and experienced a slight decline in the subsequent month. In terms of value, the exports of Headphone witnessed a rapid expansion, reaching $81M in September 2023.
In October 2023, the exports of Amplifier reached a record high, with a value of $13M.
In March 2023, the amplifier price amounted to $87.4 per unit (FOB, Hong Kong), picking up by 13% against the previous month.
Between April 2023 and October 2023, there was a lack of growth in exports, specifically in the case of Microphone. In terms of value, the exports of Microphone declined to $31M in October 2023.
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