ASEAN: Multiple Loudspeakers Market 2024

Multiple Loudspeakers Market Size in ASEAN

In 2021, the ASEAN multiple loudspeakers market decreased by -0.7% to $X, falling for the third year in a row after four years of growth. In general, consumption showed prominent growth. The level of consumption peaked at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Multiple Loudspeakers Production in ASEAN

In value terms, multiple loudspeakers production soared to $X in 2021 estimated in export price. Over the period under review, production posted a remarkable increase. The pace of growth appeared the most rapid in 2017 with an increase of 55% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Multiple Loudspeakers Exports

Exports in ASEAN

In 2021, shipments abroad of multiple loudspeakers (in enclosure) increased by 49% to X units, rising for the second year in a row after two years of decline. Overall, exports posted a resilient expansion. The most prominent rate of growth was recorded in 2014 with an increase of 67%. Over the period under review, the exports attained the peak figure at X units in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, multiple loudspeakers exports skyrocketed to $X in 2021. In general, exports saw a prominent expansion. The pace of growth appeared the most rapid in 2014 with an increase of 35% against the previous year. The level of export peaked in 2021 and is expected to retain growth in years to come.

Exports by Country

Malaysia was the largest exporting country with an export of about X units, which accounted for 61% of total exports. Thailand (X units) took an 18% share (based on physical terms) of total exports, which put it in second place, followed by Vietnam (13%) and Singapore (4.7%). Indonesia (X units) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to multiple loudspeakers exports from Malaysia stood at +9.6%. At the same time, Thailand (+104.1%), Vietnam (+43.7%), Singapore (+9.4%) and Indonesia (+5.9%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of +104.1% from 2012-2021. From 2012 to 2021, the share of Thailand and Vietnam increased by +18 and +12 percentage points, respectively.

In value terms, the largest multiple loudspeakers supplying countries in ASEAN were Malaysia ($X), Vietnam ($X) and Thailand ($X), with a combined 87% share of total exports.

Thailand, with a CAGR of +83.6%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in ASEAN amounted to $X per unit, falling by -14.3% against the previous year. Overall, the export price saw a mild decline. The pace of growth was the most pronounced in 2019 an increase of 45% against the previous year. Over the period under review, the export prices attained the peak figure at $X per unit in 2020, and then dropped in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (-1.2%), while the other leaders experienced a decline in the export price figures.

Multiple Loudspeakers Imports

Imports in ASEAN

In 2021, overseas purchases of multiple loudspeakers (in enclosure) increased by 6.7% to X units for the first time since 2018, thus ending a two-year declining trend. Total imports indicated a measured increase from 2012 to 2021: its volume increased at an average annual rate of +4.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -9.4% against 2018 indices. The growth pace was the most rapid in 2015 when imports increased by 42%. The volume of import peaked at X units in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, multiple loudspeakers imports contracted to $X in 2021. Total imports indicated measured growth from 2012 to 2021: its value increased at an average annual rate of +4.1% 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 decreased by -24.3% against 2019 indices. The growth pace was the most rapid in 2018 with an increase of 32% against the previous year. The level of import peaked at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Thailand (X units) was the major importer of multiple loudspeakers (in enclosure), achieving 54% of total imports. Malaysia (X units) ranks second in terms of the total imports with a 12% share, followed by the Philippines (10%), Indonesia (8.6%), Vietnam (6.9%) and Singapore (6.9%).

Thailand was also the fastest-growing in terms of the multiple loudspeakers (in enclosure) imports, with a CAGR of +19.3% from 2012 to 2021. At the same time, the Philippines (+12.0%) and Vietnam (+7.5%) displayed positive paces of growth. By contrast, Singapore (-4.9%), Indonesia (-5.0%) and Malaysia (-7.0%) illustrated a downward trend over the same period. While the share of Thailand (+38 p.p.), the Philippines (+4.8 p.p.) and Vietnam (+1.5 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Singapore (-9.3 p.p.), Indonesia (-11.8 p.p.) and Malaysia (-22.7 p.p.) displayed negative dynamics.

In value terms, the largest multiple loudspeakers importing markets in ASEAN were Thailand ($X), Singapore ($X) and Vietnam ($X), with a combined 60% share of total imports. These countries were followed by Malaysia, the Philippines and Indonesia, which together accounted for a further 36%.

The Philippines, with a CAGR of +18.3%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in ASEAN amounted to $X per unit, waning by -14.4% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the import price increased by 18% against the previous year. The level of import peaked at $X per unit in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+12.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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