Australia and Oceania: Multiple Loudspeakers Market 2024

Multiple Loudspeakers Exports

Exports in Australia and Oceania

In 2021, exports of multiple loudspeakers (in enclosure) in Australia and Oceania was estimated at X units, therefore, remained relatively stable against the year before. In general, exports showed perceptible growth. The pace of growth appeared the most rapid in 2013 when exports increased by 99%. The volume of export peaked at X units in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, multiple loudspeakers exports soared to $X in 2021. Total exports indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +7.9% 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 +54.5% against 2017 indices. The pace of growth was the most pronounced in 2013 with an increase of 44% against the previous year. The level of export peaked in 2021 and is expected to retain growth in years to come.

Exports by Country

Australia represented the largest exporting country with an export of about X units, which reached 84% of total exports. It was distantly followed by New Zealand (X units), achieving a 16% share of total exports.

Exports from Australia increased at an average annual rate of +2.2% from 2012 to 2021. At the same time, New Zealand (+10.1%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing exporter exported in Australia and Oceania, with a CAGR of +10.1% from 2012-2021. New Zealand (+7 p.p.) significantly strengthened its position in terms of the total exports, while Australia saw its share reduced by -6.7% from 2012 to 2021, respectively.

In value terms, Australia ($X) remains the largest multiple loudspeakers supplier in Australia and Oceania, comprising 86% of total exports. The second position in the ranking was held by New Zealand ($X), with a 14% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in Australia stood at +8.1%.

Export Prices by Country

The export price in Australia and Oceania stood at $X per unit in 2021, growing by 19% against the previous year. Overall, the export price continues to indicate a noticeable expansion. The growth pace was the most rapid in 2015 when the export price increased by 54% against the previous year. Over the period under review, the export prices hit record highs in 2021 and is likely to see gradual growth in the near future.

Average prices varied noticeably amongst the major exporting countries. In 2021, the country with the highest price was Australia ($X per unit), while New Zealand stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+5.8%).

Multiple Loudspeakers Imports

Imports in Australia and Oceania

After two years of decline, purchases abroad of multiple loudspeakers (in enclosure) increased by 5.5% to X units in 2021. The total import volume increased at an average annual rate of +4.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2018 when imports increased by 16% against the previous year. As a result, imports reached the peak of X units. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, multiple loudspeakers imports soared to $X in 2021. Total imports indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +8.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +12.5% against 2018 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Australia (X units) was the major importer of multiple loudspeakers (in enclosure), committing 82% of total imports. It was distantly followed by New Zealand (X units), creating a 14% share of total imports. Papua New Guinea (X units) took a little share of total imports.

Imports into Australia increased at an average annual rate of +3.3% from 2012 to 2021. At the same time, New Zealand (+13.4%) and Papua New Guinea (+6.3%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +13.4% from 2012-2021. New Zealand (+7.4 p.p.) significantly strengthened its position in terms of the total imports, while Australia saw its share reduced by -5.9% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported multiple loudspeakers (in enclosure) in Australia and Oceania, comprising 85% of total imports. The second position in the ranking was held by New Zealand ($X), with a 13% share of total imports.

From 2012 to 2021, the average annual growth rate of value in Australia amounted to +8.4%. In the other countries, the average annual rates were as follows: New Zealand (+14.5% per year) and Papua New Guinea (-1.9% per year).

Import Prices by Country

The import price in Australia and Oceania stood at $X per unit in 2021, rising by 15% against the previous year. Over the last nine years, it increased at an average annual rate of +4.5%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+4.9%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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