Austria: Loudspeaker Market 2024

Loudspeaker Market Size in Austria

The Austrian loudspeaker market skyrocketed to $X in 2021, with an increase of 21% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption showed a buoyant increase. Over the period under review, the market hit record highs in 2021 and is likely to continue growth in the near future.

Loudspeaker Exports

Exports from Austria

In 2021, shipments abroad of single loudspeakers (in enclosure) increased by 30% to X units, rising for the third year in a row after four years of decline. Overall, exports showed buoyant growth. The pace of growth was the most pronounced in 2019 with an increase of 101%. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in the near future.

In value terms, loudspeaker exports skyrocketed to $X in 2021. Over the period under review, exports recorded a buoyant increase. The pace of growth was the most pronounced in 2019 when exports increased by 131% against the previous year. Over the period under review, the exports reached the maximum in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Germany (X units) was the main destination for loudspeaker exports from Austria, with a 56% share of total exports. Moreover, loudspeaker exports to Germany exceeded the volume sent to the second major destination, Italy (X units), fivefold. The third position in this ranking was held by Poland (X units), with a 7.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany stood at +17.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+40.3% per year) and Poland (+16.9% per year).

In value terms, Germany ($X) remains the key foreign market for single loudspeakers (in enclosure) exports from Austria, comprising 64% of total exports. The second position in the ranking was taken by Italy ($X), with a 13% share of total exports. It was followed by Poland, with a 3% share.

From 2012 to 2021, the average annual growth rate of value to Germany totaled +24.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+43.9% per year) and Poland (+17.7% per year).

Export Prices by Country

The average loudspeaker export price stood at $X per unit in 2021, growing by 6.3% against the previous year. Overall, the export price enjoyed a buoyant expansion. The pace of growth was the most pronounced in 2020 when the average export price increased by 36%. The export price peaked in 2021 and is expected to retain growth in years to come.

Prices varied noticeably country of destination: the country with the highest price was Switzerland ($X per unit), while the average price for exports to Poland ($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 Switzerland (+10.8%), while the prices for the other major destinations experienced more modest paces of growth.

Loudspeaker Imports

Imports into Austria

Loudspeaker imports into Austria surged to X units in 2021, increasing by 23% compared with 2020. Overall, total imports indicated strong growth from 2012 to 2021: its volume increased at an average annual rate of +6.4% 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 +106.2% against 2016 indices. The growth pace was the most rapid in 2018 with an increase of 25%. Over the period under review, imports hit record highs in 2021 and are likely to see steady growth in years to come.

In value terms, loudspeaker imports surged to $X in 2021. In general, imports showed a buoyant expansion. The most prominent rate of growth was recorded in 2018 with an increase of 31%. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, Germany (X units) constituted the largest loudspeaker supplier to Austria, with a 34% share of total imports. Moreover, loudspeaker imports from Germany exceeded the figures recorded by the second-largest supplier, Sweden (X units), twofold. The third position in this ranking was held by the Netherlands (X units), with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany amounted to +4.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (+222.7% per year) and the Netherlands (+16.1% per year).

In value terms, Sweden ($X), Germany ($X) and China ($X) were the largest loudspeaker suppliers to Austria, together accounting for 67% of total imports.

Among the main suppliers, Sweden, with a CAGR of +199.3%, saw the highest growth rate of 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 average loudspeaker import price amounted to $X per unit, almost unchanged from the previous year. Over the last nine years, it increased at an average annual rate of +4.6%. The growth pace was the most rapid in 2020 an increase of 26% against the previous year. As a result, import price reached the peak level of $X per unit, and then declined in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+10.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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