ASEAN: Non-Enclosed Loudspeakers Market 2024

Non-Enclosed Loudspeakers Market Size in ASEAN

In 2021, the ASEAN non-enclosed loudspeakers market increased by 24% to $X, rising for the third consecutive year after three years of decline. Overall, consumption recorded tangible growth. Over the period under review, the market reached the maximum level in 2021 and is expected to retain growth in years to come.

Non-Enclosed Loudspeakers Production in ASEAN

In value terms, non-enclosed loudspeakers production reduced to $X in 2021 estimated in export price. Overall, production enjoyed a prominent increase. The most prominent rate of growth was recorded in 2014 when the production volume increased by 40% against the previous year. The level of production peaked at $X in 2020, and then declined in the following year.

Non-Enclosed Loudspeakers Exports

Exports in ASEAN

In 2021, approx. X units of loudspeakers (not in enclosure) were exported in ASEAN; approximately reflecting 2020. Overall, exports, however, enjoyed a prominent increase. The pace of growth was the most pronounced in 2013 when exports increased by 66%. Over the period under review, the exports reached the maximum at X units in 2020, and then declined in the following year.

In value terms, non-enclosed loudspeakers exports skyrocketed to $X in 2021. Total exports indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +9.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +133.5% against 2012 indices. The most prominent rate of growth was recorded in 2013 when exports increased by 28% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are likely to continue growth in the immediate term.

Exports by Country

Vietnam represented the key exporter of loudspeakers (not in enclosure) in ASEAN, with the volume of exports accounting for X units, which was near 73% of total exports in 2021. It was distantly followed by Thailand (X units) and Indonesia (X units), together constituting a 24% share of total exports.

Vietnam was also the fastest-growing in terms of the loudspeakers (not in enclosure) exports, with a CAGR of +19.7% from 2012 to 2021. At the same time, Thailand (+14.9%) and Indonesia (+2.7%) displayed positive paces of growth. From 2012 to 2021, the share of Vietnam and Thailand increased by +32 and +2.3 percentage points, respectively.

In value terms, Vietnam ($X) remains the largest non-enclosed loudspeakers supplier in ASEAN, comprising 81% of total exports. The second position in the ranking was held by Thailand ($X), with an 8.6% share of total exports.

In Vietnam, non-enclosed loudspeakers exports increased at an average annual rate of +17.6% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Thailand (+5.4% per year) and Indonesia (-2.3% per year).

Export Prices by Country

The export price in ASEAN stood at $X per unit in 2021, jumping by 21% against the previous year. Over the period under review, the export price, however, saw a pronounced setback. The most prominent rate of growth was recorded in 2016 when the export price increased by 31% 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.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (-1.7%), while the other leaders experienced a decline in the export price figures.

Non-Enclosed Loudspeakers Imports

Imports in ASEAN

In 2021, supplies from abroad of loudspeakers (not in enclosure) was finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. In general, imports, however, showed a slight reduction. The growth pace was the most rapid in 2015 with an increase of 15% against the previous year. As a result, imports attained the peak of X units. From 2016 to 2021, the growth of imports failed to regain momentum.

In value terms, non-enclosed loudspeakers imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +2.0% over the period from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations being observed in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Vietnam represented the key importer of loudspeakers (not in enclosure) in ASEAN, with the volume of imports amounting to X units, which was near 40% of total imports in 2021. Thailand (X units) held the second position in the ranking, followed by Indonesia (X units) and Malaysia (X units). All these countries together held approx. 53% share of total imports. Singapore (X units) and the Philippines (X units) held a minor share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by the Philippines (with a CAGR of +14.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X) constitutes the largest market for imported loudspeakers (not in enclosure) in ASEAN, comprising 44% of total imports. The second position in the ranking was held by Thailand ($X), with a 21% share of total imports. It was followed by Malaysia, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Vietnam amounted to +3.5%. In the other countries, the average annual rates were as follows: Thailand (+4.4% per year) and Malaysia (-1.9% per year).

Import Prices by Country

In 2021, the import price in ASEAN amounted to $X per unit, picking up by 3.1% against the previous year. Import price indicated a perceptible increase from 2012 to 2021: its price increased at an average annual rate of +3.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, non-enclosed loudspeakers import price increased by +56.1% against 2016 indices. The pace of growth was the most pronounced in 2017 an increase of 21%. Over the period under review, import prices hit record highs in 2021 and is likely to see gradual growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was Singapore ($X per unit), while Indonesia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+14.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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