Hungary - Loudspeakers (Not In Enclosure) - Market Analysis, Forecast, Size, Trends And Insights
Report Update: Apr 1, 2024

Hungary - Loudspeakers (Not In Enclosure) - Market Analysis, Forecast, Size, Trends And Insights

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Non-Enclosed Loudspeakers Price in Hungary - 2023

Contents:

  1. Non-Enclosed Loudspeakers Price in Hungary (FOB) - 2023
  2. Non-Enclosed Loudspeakers Price in Hungary (CIF) - 2023
  3. Non-Enclosed Loudspeakers Exports in Hungary
  4. Non-Enclosed Loudspeakers Imports in Hungary

Non-Enclosed Loudspeakers Price in Hungary (FOB) - 2023

In June 2023, the average non-enclosed loudspeakers export price amounted to $2.2 per unit, waning by -9.6% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.3%. The most prominent rate of growth was recorded in December 2022 an increase of 30% m-o-m. Over the period under review, the average export prices reached the maximum at $2.5 per unit in May 2023, and then fell in the following month.

There were significant differences in the average prices for the major export markets. In June 2023, the country with the highest price was the Czech Republic ($8.9 per unit), while the average price for exports to France ($644 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 Poland (+5.0%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Enclosed Loudspeakers Price in Hungary (CIF) - 2023

The average non-enclosed loudspeakers import price stood at $2.3 per unit in June 2023, falling by -2.5% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.8%. The growth pace was the most rapid in August 2022 an increase of 44% against the previous month. The import price peaked at $2.5 per unit in September 2022; however, from October 2022 to June 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was China ($3.2 per unit), while the price for Indonesia ($641 per thousand units) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Germany (+3.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Non-Enclosed Loudspeakers Exports in Hungary

In 2022, exports of loudspeakers (not in enclosure) from Hungary expanded remarkably to 38M units, increasing by 9.9% against 2021. The total export volume increased at an average annual rate of +8.3% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 10%. Over the period under review, the exports attained the peak figure in 2022 and are likely to continue growth in the immediate term.

In value terms, non-enclosed loudspeakers exports soared to $221M in 2022. The total export value increased at an average annual rate of +7.3% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Export of Non-Enclosed Loudspeakers in Hungary (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany82.669.459.858.5-10.9%
Romania6.95.06.332.567.6%
Sweden12.116.317.318.815.8%
Belgium3.813.815.916.462.8%
Czech Republic3.13.24.215.872.1%
United Kingdom16.411.012.315.5-1.9%
Poland3.64.618.311.848.5%
Spain10.512.69.09.0-5.0%
Slovakia10.87.77.48.2-8.8%
France4.63.78.76.311.1%
Russia3.40.80.91.1-31.4%
Others21.118.621.827.49.1%
Total1791671822217.3%

Top Export Markets for Non-Enclosed Loudspeakers from Hungary in 2022:

  1. Romania (10.2M units)
  2. Germany (5.4M units)
  3. Poland (3.4M units)
  4. United Kingdom (3.4M units)
  5. Belgium (2.6M units)
  6. France (2.1M units)
  7. Spain (2.1M units)
  8. Czech Republic (1.7M units)
  9. Sweden (1.6M units)
  10. Slovakia (1.2M units)
  11. Russia (0.4M units)

Non-Enclosed Loudspeakers Imports in Hungary

In 2022, imports of loudspeakers (not in enclosure) into Hungary plummeted to 19M units, which is down by -17.8% against 2021 figures. In general, imports showed a perceptible decrease. The growth pace was the most rapid in 2021 with an increase of 34%. As a result, imports attained the peak of 23M units, and then shrank notably in the following year.

In value terms, non-enclosed loudspeakers imports surged to $116M in 2022. Over the period under review, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +19.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +70.1% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Non-Enclosed Loudspeakers in Hungary (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China32.430.941.946.012.4%
Vietnam11.328.535.539.151.3%
South KoreaN/AN/AN/A13.50%
Indonesia7.76.25.75.1-12.8%
United States0.50.50.75.0115.4%
Germany5.83.74.23.3-17.1%
Hong Kong SAR0.10.10.10.10.0%
Others10.66.05.64.2-26.6%
Total68.475.993.811619.3%

Top Suppliers of Non-Enclosed Loudspeakers to Hungary in 2022:

  1. China (8.6M units)
  2. Vietnam (5.1M units)
  3. South Korea (1.4M units)
  4. Germany (1.0M units)
  5. Indonesia (0.7M units)
  6. United States (0.6M units)
  7. Hong Kong SAR (0.4M units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the non-enclosed loudspeakers 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 26404239 - Loudspeakers (including speaker drive units, frames or cabinets mainly designed for mounting loudspeakers) (excluding those mounted in their enclosures)

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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT
  5. 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
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023
  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023
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