Africa: Multiple Loudspeakers Market 2024

Multiple Loudspeakers Market Size in Africa

The African multiple loudspeakers market rose markedly to $X in 2021, picking up by 13% against the previous year. The market value increased at an average annual rate of +5.8% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked in 2021 and is likely to continue growth in the immediate term.

Multiple Loudspeakers Production in Africa

In value terms, multiple loudspeakers production expanded to $X in 2021 estimated in export price. The total production indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +6.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -3.1% against 2019 indices. The most prominent rate of growth was recorded in 2019 with an increase of 38%. As a result, production reached the peak level of $X. From 2020 to 2021, production growth failed to regain momentum.

Multiple Loudspeakers Exports

Exports in Africa

For the third consecutive year, Africa recorded growth in overseas shipments of multiple loudspeakers (in enclosure), which increased by 61% to X units in 2021. Over the period under review, exports enjoyed buoyant growth. The growth pace was the most rapid in 2020 with an increase of 79% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to see steady growth in years to come.

In value terms, multiple loudspeakers exports soared to $X in 2021. In general, exports, however, recorded a mild downturn. The most prominent rate of growth was recorded in 2017 with an increase of 73% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

South Africa represented the main exporter of multiple loudspeakers (in enclosure) in Africa, with the volume of exports finishing at X units, which was near 63% of total exports in 2021. It was distantly followed by Botswana (X units), mixing up a 34% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Botswana (with a CAGR of +52.7%).

In value terms, South Africa ($X) remains the largest multiple loudspeakers supplier in Africa, comprising 88% of total exports. The second position in the ranking was held by Botswana ($X), with a 6.5% share of total exports.

From 2012 to 2021, the average annual growth rate of value in South Africa amounted to +1.8%.

Export Prices by Country

In 2021, the export price in Africa amounted to $X per unit, declining by -13.5% against the previous year. In general, the export price showed a deep setback. The pace of growth appeared the most rapid in 2018 an increase of 57% against the previous year. The level of export peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was South Africa ($X per unit), while Botswana amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Africa (-8.6%).

Multiple Loudspeakers Imports

Imports in Africa

In 2021, purchases abroad of multiple loudspeakers (in enclosure) increased by 22% to X units, rising for the second year in a row after two years of decline. Total imports indicated noticeable growth from 2012 to 2021: its volume increased at an average annual rate of +2.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +41.8% against 2019 indices. The most prominent rate of growth was recorded in 2014 when imports increased by 25% against the previous year. Over the period under review, imports reached the peak figure at X units in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, multiple loudspeakers imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +2.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of import peaked at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, South Africa (X units) was the major importer of multiple loudspeakers (in enclosure), committing 37% of total imports. Ghana (X units) took an 11% share (based on physical terms) of total imports, which put it in second place, followed by Kenya (6%). Cameroon (X units), Botswana (X units), Madagascar (X units), Tunisia (X units), Tanzania (X units), Cote d'Ivoire (X units), Angola (X units), Algeria (X units), Uganda (X units) and Morocco (X units) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to multiple loudspeakers imports into South Africa stood at +9.6%. At the same time, Cameroon (+54.0%), Cote d'Ivoire (+18.1%), Ghana (+16.5%), Tunisia (+11.8%), Madagascar (+10.6%) and Kenya (+2.7%) displayed positive paces of growth. Moreover, Cameroon emerged as the fastest-growing importer imported in Africa, with a CAGR of +54.0% from 2012-2021. Uganda experienced a relatively flat trend pattern. By contrast, Botswana (-4.6%), Algeria (-9.0%), Morocco (-9.5%), Tanzania (-9.7%) and Angola (-15.3%) illustrated a downward trend over the same period. While the share of South Africa (+17 p.p.), Ghana (+7.7 p.p.), Cameroon (+4.3 p.p.), Tunisia (+2.1 p.p.), Madagascar (+2 p.p.) and Cote d'Ivoire (+1.9 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Algeria (-3.2 p.p.), Morocco (-3.2 p.p.), Botswana (-3.8 p.p.), Tanzania (-7.8 p.p.) and Angola (-9.1 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported multiple loudspeakers (in enclosure) in Africa, comprising 35% of total imports. The second position in the ranking was held by Ghana ($X), with a 13% share of total imports. It was followed by Angola, with a 6.7% share.

From 2012 to 2021, the average annual growth rate of value in South Africa stood at +1.7%. The remaining importing countries recorded the following average annual rates of imports growth: Ghana (+18.6% per year) and Angola (-5.2% per year).

Import Prices by Country

In 2021, the import price in Africa amounted to $X per unit, increasing by 4.1% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 24% against the previous year. Over the period under review, import prices reached the maximum at $X per unit in 2019; however, from 2020 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Angola ($X per unit), while Botswana ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Morocco (+21.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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