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

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

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Non-Enclosed Loudspeakers Price in Vietnam - 2021

Contents:

  1. Non-Enclosed Loudspeakers Price in Vietnam (FOB) - 2022
  2. Non-Enclosed Loudspeakers Price in Vietnam (CIF) - 2022
  3. Non-Enclosed Loudspeakers Exports in Vietnam
  4. Non-Enclosed Loudspeakers Imports in Vietnam

Non-Enclosed Loudspeakers Price in Vietnam (FOB) - 2022

The average non-enclosed loudspeakers export price stood at $85 per unit in 2022, shrinking by -17% against the previous year. In general, export price indicated strong growth from 2012 to 2022: its price increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, non-enclosed loudspeakers export price increased by +33.9% against 2017 indices. The most prominent rate of growth was recorded in 2013 when the average export price increased by 65% against the previous year. Over the period under review, the average export prices reached the maximum at $103 per unit in 2021, and then fell markedly in the following year.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($356 per unit), while the average price for exports to Argentina ($13 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 Mexico (+13.8%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Enclosed Loudspeakers Price in Vietnam (CIF) - 2022

In 2022, the average non-enclosed loudspeakers import price amounted to $3.9 per unit, surging by 24% against the previous year. Over the period under review, the import price recorded a remarkable increase. The pace of growth appeared the most rapid in 2016 when the average import price increased by 1,219% against the previous year. Over the period under review, average import prices attained the peak figure at $24 per unit in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to +10.8% per year.

Non-Enclosed Loudspeakers Exports in Vietnam

In 2022, approx. 11M units of loudspeakers (not in enclosure) were exported from Vietnam; surging by 11% on 2021. The total export volume increased at an average annual rate of +3.4% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, non-enclosed loudspeakers exports reduced to $933M in 2022. The total export value increased at an average annual rate of +5.2% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 18% against the previous year. As a result, the exports attained the peak of $1B, and then shrank in the following year.

Export of Non-Enclosed Loudspeakers in Vietnam (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States91.012520719829.6%
China240285241192-7.2%
India12411990.51465.6%
Japan70.159.966.567.6-1.2%
Germany36.035.555.256.416.1%
Mexico15.517.231.743.440.9%
Russia3.64.715.015.261.6%
South Korea67.447.648.315.1-39.3%
Malaysia8.38.912.612.715.2%
Hong Kong SAR10.723.434.19.9-2.6%
Argentina0.20.10.12.9143.8%
Others1341312061749.1%
Total8018581,0099335.2%

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

  1. India (5832.0K units)
  2. United States (1533.5K units)
  3. China (538.5K units)
  4. Mexico (498.0K units)
  5. Malaysia (462.3K units)
  6. Argentina (217.1K units)
  7. Hong Kong SAR (196.6K units)
  8. Japan (189.8K units)
  9. Germany (183.7K units)
  10. Russia (173.5K units)
  11. South Korea (42.3K units)

Non-Enclosed Loudspeakers Imports in Vietnam

In 2022, after three years of growth, there was significant decline in overseas purchases of loudspeakers (not in enclosure), when their volume decreased by -23.2% to 59M units. In general, imports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 134% against the previous year. Imports peaked at 77M units in 2021, and then dropped sharply in the following year.

In value terms, non-enclosed loudspeakers imports reduced modestly to $230M in 2022. The total import value increased at an average annual rate of +11.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 with an increase of 32% against the previous year. Imports peaked at $241M in 2021, and then fell slightly in the following year.

Import of Non-Enclosed Loudspeakers in Vietnam (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China12319021820318.2%
Others42.128.522.527.1-13.7%
Total16521824123011.7%

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

  1. China (56.7M units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the non-enclosed loudspeakers market in Vietnam. 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:

  • Vietnam

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Vietnam
  • 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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