Asia-Pacific: Multiple Loudspeakers Market 2024

Multiple Loudspeakers Market Size in Asia-Pacific

In 2021, the Asia-Pacific multiple loudspeakers market decreased by -6.1% to $X, falling for the third consecutive year after seven years of growth. Overall, consumption, however, continues to indicate a resilient increase. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Multiple Loudspeakers Production in Asia-Pacific

In value terms, multiple loudspeakers production stood at $X in 2021 estimated in export price. Overall, production continues to indicate a prominent expansion. The pace of growth was the most pronounced in 2018 when the production volume increased by 48%. As a result, production attained the peak level of $X. From 2019 to 2021, production growth remained at a lower figure.

Multiple Loudspeakers Exports

Exports in Asia-Pacific

In 2021, after two years of decline, there was significant growth in overseas shipments of multiple loudspeakers (in enclosure), when their volume increased by 13% to X units. Over the period under review, exports saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 when exports increased by 228% against the previous year. As a result, the exports attained the peak of X units. From 2019 to 2021, the growth of the exports remained at a lower figure.

In value terms, multiple loudspeakers exports surged to $X in 2021. Total exports indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +7.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of 27%. The level of export peaked at $X in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

Exports by Country

China dominates exports structure, recording X units, which was approx. 86% of total exports in 2021. It was distantly followed by Hong Kong SAR (X units), comprising a 7.9% share of total exports. Malaysia (X units) held a little share of total exports.

Exports from China increased at an average annual rate of +1.5% from 2012 to 2021. At the same time, Malaysia (+9.6%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +9.6% from 2012-2021. By contrast, Hong Kong SAR (-9.9%) illustrated a downward trend over the same period. While the share of China (+8.7 p.p.) and Malaysia (+2.1 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Hong Kong SAR (-12.9 p.p.) displayed negative dynamics.

In value terms, China ($X) remains the largest multiple loudspeakers supplier in Asia-Pacific, comprising 78% of total exports. The second position in the ranking was held by Hong Kong SAR ($X), with a 7.8% share of total exports.

In China, multiple loudspeakers exports expanded at an average annual rate of +8.8% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Hong Kong SAR (-3.5% per year) and Malaysia (+6.0% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per unit in 2021, rising by 4.1% against the previous year. In general, the export price continues to indicate a strong increase. The pace of growth appeared the most rapid in 2016 an increase of 220%. The level of export peaked at $X per unit in 2017; however, from 2018 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+7.2%), while the other leaders experienced mixed trends in the export price figures.

Multiple Loudspeakers Imports

Imports in Asia-Pacific

In 2021, after two years of decline, there was significant growth in purchases abroad of multiple loudspeakers (in enclosure), when their volume increased by 9% to X units. Over the period under review, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 15% against the previous year. Over the period under review, imports reached the maximum at X units in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, multiple loudspeakers imports surged to $X in 2021. The total import value increased at an average annual rate of +4.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2017 with an increase of 22%. Over the period under review, imports attained the peak figure at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

The purchases of the three major importers of multiple loudspeakers (in enclosure), namely Thailand, India and Hong Kong SAR, represented more than half of total import. It was distantly followed by Japan (X units), South Korea (X units) and Australia (X units), together committing a 23% share of total imports. Malaysia (X units), the Philippines (X units), China (X units), Indonesia (X units), Pakistan (X units), Vietnam (X units) and Singapore (X units) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Thailand (with a CAGR of +19.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest multiple loudspeakers importing markets in Asia-Pacific were Hong Kong SAR ($X), Australia ($X) and China ($X), with a combined 45% share of total imports. Japan, India, South Korea, Thailand, Singapore, Vietnam, Malaysia, the Philippines, Indonesia and Pakistan lagged somewhat behind, together accounting for a further 45%.

In terms of the main importing countries, the Philippines, with a CAGR of +18.3%, recorded the highest rates of growth with regard to the value of imports, 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 Asia-Pacific amounted to $X per unit, increasing by 6.3% against the previous year. Import price indicated temperate growth from 2012 to 2021: its price increased at an average annual rate of +4.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, multiple loudspeakers import price increased by +58.8% against 2015 indices. The growth pace was the most rapid in 2018 an increase of 11%. The level of import peaked in 2021 and is expected to retain growth in the near future.

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