Austria: Multiple Loudspeakers Market 2024

Multiple Loudspeakers Market Size in Austria

The Austrian multiple loudspeakers market surged to $X in 2021, rising by 19% against the previous year. Over the period under review, consumption recorded strong growth. Multiple loudspeakers consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Multiple Loudspeakers Production in Austria

In value terms, multiple loudspeakers production surged to $X in 2021 estimated in export price. Overall, production saw a significant increase. Multiple loudspeakers production peaked at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

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Multiple Loudspeakers Exports

Exports from Austria

In 2021, shipments abroad of multiple loudspeakers (in enclosure) increased by 29% to X units, rising for the second consecutive year after two years of decline. Overall, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 201%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in years to come.

In value terms, multiple loudspeakers exports expanded slightly to $X in 2021. Over the period under review, exports posted a strong expansion. The pace of growth appeared the most rapid in 2016 when exports increased by 75% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Slovakia (X units) was the main destination for multiple loudspeakers exports from Austria, with a 68% share of total exports. Moreover, multiple loudspeakers exports to Slovakia exceeded the volume sent to the second major destination, Germany (X units), fourfold. Poland (X units) ranked third in terms of total exports with a 4.1% share.

From 2012 to 2021, the average annual growth rate of volume to Slovakia amounted to +69.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+13.3% per year) and Poland (+32.7% per year).

In value terms, Slovakia ($X) emerged as the key foreign market for multiple loudspeakers (in enclosure) exports from Austria, comprising 48% of total exports. The second position in the ranking was held by Germany ($X), with a 23% share of total exports. It was followed by the UK, with a 3.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Slovakia stood at +72.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+1.1% per year) and the UK (+16.9% per year).

Export Prices by Country

The average multiple loudspeakers export price stood at $X per unit in 2021, which is down by -20.7% against the previous year. Over the period under review, the export price faced a abrupt setback. The most prominent rate of growth was recorded in 2013 when the average export price increased by 28% against the previous year. The export price 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 destination: the country with the highest price was Switzerland ($X per unit), while the average price for exports to Slovakia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Slovakia (+1.3%), while the prices for the other major destinations experienced a decline.

Multiple Loudspeakers Imports

Imports into Austria

In 2021, overseas purchases of multiple loudspeakers (in enclosure) increased by 8.2% to X units, rising for the second year in a row after four years of decline. The total import volume increased at an average annual rate of +3.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when imports increased by 33%. Imports peaked in 2021 and are expected to retain growth in the near future.

In value terms, multiple loudspeakers imports stood at $X in 2021. In general, total imports indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +5.1% 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 increased by +12.9% against 2019 indices. The growth pace was the most rapid in 2017 when imports increased by 29%. As a result, imports attained the peak of $X. From 2018 to 2021, the growth of imports remained at a lower figure.

Imports by Country

China (X units), Germany (X units) and the Netherlands (X units) were the main suppliers of multiple loudspeakers imports to Austria, together comprising 79% of total imports. Poland, Belgium, France, Italy and Hungary lagged somewhat behind, together comprising a further 17%.

From 2012 to 2021, the biggest increases were recorded for Belgium (with a CAGR of +67.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), China ($X) and the Netherlands ($X) constituted the largest multiple loudspeakers suppliers to Austria, with a combined 70% share of total imports. Poland, France, Belgium, Italy and Hungary lagged somewhat behind, together accounting for a further 23%.

Poland, with a CAGR of +90.4%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average multiple loudspeakers import price stood at $X per unit in 2021, reducing by -2% against the previous year. In general, import price indicated a measured expansion from 2012 to 2021: its price increased at an average annual rate of +2.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, multiple loudspeakers import price decreased by -31.3% against 2017 indices. The pace of growth was the most pronounced in 2017 an increase of 29%. As a result, import price reached the peak level of $X per unit. From 2018 to 2021, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hungary (+23.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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