Hong Kong SAR, China - Loudspeakers (Not In Enclosure) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingNon-Enclosed Loudspeakers Price in Hong Kong SAR - 2023
Contents:
- Non-Enclosed Loudspeakers Price in Hong Kong SAR (CIF) - 2023
- Non-Enclosed Loudspeakers Price in Hong Kong SAR (FOB) - 2023
- Non-Enclosed Loudspeakers Imports in Hong Kong SAR
- Non-Enclosed Loudspeakers Exports in Hong Kong SAR
Non-Enclosed Loudspeakers Price in Hong Kong SAR (CIF) - 2023
The average non-enclosed loudspeakers import price stood at $915 per thousand units in June 2023, jumping by 60% against the previous month. In general, the import price, however, showed a slight reduction. The pace of growth was the most pronounced in March 2023 when the average import price increased by 61% m-o-m. As a result, import price reached the peak level of $1.3 per unit. From April 2023 to June 2023, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was China ($889 per thousand units), while the price for Vietnam totaled $555 per thousand units.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by China (-0.9%).
Non-Enclosed Loudspeakers Price in Hong Kong SAR (FOB) - 2023
The average non-enclosed loudspeakers export price stood at $1.3 per unit in June 2023, dropping by -2.2% against the previous month. In general, export price indicated a temperate expansion from June 2022 to June 2023: its price increased at an average monthly rate of +2.8% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2023 figures, non-enclosed loudspeakers export price decreased by -20.1% against April 2023 indices. The most prominent rate of growth was recorded in September 2022 when the average export price increased by 42% against the previous month. The export price peaked at $1.6 per unit in April 2023; however, from May 2023 to June 2023, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Japan ($3.7 per unit), while the average price for exports to the Philippines ($229 per thousand units) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+16.7%), while the prices for the other major destinations experienced more modest paces of growth.
Non-Enclosed Loudspeakers Imports in Hong Kong SAR
In 2022, approx. 165M units of loudspeakers (not in enclosure) were imported into Hong Kong SAR; waning by -41.3% on 2021 figures. Over the period under review, imports saw a abrupt descent. The most prominent rate of growth was recorded in 2021 with an increase of 17% against the previous year. Over the period under review, imports hit record highs at 293M units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, non-enclosed loudspeakers imports declined sharply to $193M in 2022. Overall, imports showed a abrupt curtailment. The pace of growth appeared the most rapid in 2021 when imports increased by 18% against the previous year. As a result, imports attained the peak of $331M, and then reduced sharply in the following year.
| Import of Non-Enclosed Loudspeakers in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 218 | 259 | 299 | 162 | -9.4% |
| Vietnam | 7.7 | 5.7 | 12.1 | 9.9 | 8.7% |
| Malaysia | 12.1 | 1.7 | 0.5 | 0.6 | -63.3% |
| Others | 17.4 | 13.9 | 19.6 | 19.9 | 4.6% |
| Total | 255 | 280 | 331 | 193 | -8.9% |
Top Suppliers of Non-Enclosed Loudspeakers to Hong Kong SAR in 2022:
- China (148.7M units)
- Vietnam (10.5M units)
- Malaysia (0.7M units)
Non-Enclosed Loudspeakers Exports in Hong Kong SAR
In 2022, approx. 345M units of loudspeakers (not in enclosure) were exported from Hong Kong SAR; approximately equating the previous year. Over the period under review, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 15% against the previous year. As a result, the exports reached the peak of 347M units, leveling off in the following year.
In value terms, non-enclosed loudspeakers exports declined significantly to $252M in 2022. In general, exports showed a slight reduction. The most prominent rate of growth was recorded in 2021 when exports increased by 31% against the previous year. As a result, the exports reached the peak of $310M, and then shrank remarkably in the following year.
| Export of Non-Enclosed Loudspeakers in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 157 | 142 | 148 | 83.0 | -19.1% |
| Vietnam | 6.6 | 7.0 | 18.2 | 43.2 | 87.1% |
| United States | 24.3 | 30.6 | 50.1 | 27.1 | 3.7% |
| India | 3.8 | 3.2 | 15.9 | 20.4 | 75.1% |
| Japan | 6.7 | 6.5 | 7.9 | 15.9 | 33.4% |
| Malaysia | 12.0 | 9.2 | 12.9 | 9.0 | -9.1% |
| Indonesia | 2.6 | 0.7 | 1.4 | 4.6 | 20.9% |
| Germany | 8.8 | 5.0 | 7.2 | 4.4 | -20.6% |
| Thailand | 2.4 | 1.7 | 2.4 | 4.3 | 21.5% |
| Others | 38.7 | 31.1 | 46.2 | 40.4 | 1.4% |
| Total | 263 | 238 | 310 | 252 | -1.4% |
Top Export Markets for Non-Enclosed Loudspeakers from Hong Kong SAR in 2022:
- China (127.6M units)
- Vietnam (91.5M units)
- India (45.1M units)
- Japan (14.4M units)
- United States (11.2M units)
- Indonesia (10.5M units)
- Thailand (7.5M units)
- Malaysia (5.2M units)
- Germany (4.8M units)
This report provides an in-depth analysis of the non-enclosed 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 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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This report provides an in-depth analysis of the non-enclosed loudspeakers market in Hong Kong SAR, China.
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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.
210
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.
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