Bangladesh: Non-Enclosed Loudspeakers Market 2024

Non-Enclosed Loudspeakers Market Size in Bangladesh

In 2021, the Bangladeshi non-enclosed loudspeakers market increased by 13% to $X, rising for the third year in a row after two years of decline. Over the period under review, consumption continues to indicate a significant expansion. Non-enclosed loudspeakers consumption peaked in 2021 and is expected to retain growth in the immediate term.

Non-Enclosed Loudspeakers Exports

Exports from Bangladesh

In 2021, shipments abroad of loudspeakers (not in enclosure) increased by 119% to X units, rising for the third consecutive year after three years of decline. In general, exports saw a remarkable increase. The pace of growth appeared the most rapid in 2014 with an increase of 589% against the previous year. The exports peaked in 2021 and are likely to continue growth in the near future.

In value terms, non-enclosed loudspeakers exports declined markedly to $X in 2021. Overall, exports, however, recorded a abrupt contraction. The growth pace was the most rapid in 2019 when exports increased by 806% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Hong Kong SAR (X units) was the main destination for non-enclosed loudspeakers exports from Bangladesh, accounting for a 60% share of total exports. Moreover, non-enclosed loudspeakers exports to Hong Kong SAR exceeded the volume sent to the second major destination, Thailand (X units), fourfold. Ethiopia (X units) ranked third in terms of total exports with a 15% share.

From 2012 to 2021, the average annual growth rate of volume to Hong Kong SAR was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (+11.9% per year) and Ethiopia (+25.4% per year).

In value terms, the largest markets for non-enclosed loudspeakers exported from Bangladesh were Hong Kong SAR ($X), Maldives ($X) and Thailand ($X), together accounting for 85% of total exports.

Among the main countries of destination, Maldives, with a CAGR of +61.5%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average non-enclosed loudspeakers export price amounted to $X per unit, shrinking by -92.2% against the previous year. In general, the export price recorded a dramatic decrease. The most prominent rate of growth was recorded in 2019 an increase of 751% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2020 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Maldives ($X per unit), while the average price for exports to Ethiopia ($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 Thailand (+0.2%), while the prices for the other major destinations experienced a decline.

Non-Enclosed Loudspeakers Imports

Imports into Bangladesh

In 2021, overseas purchases of loudspeakers (not in enclosure) increased by 14% to X units, rising for the third year in a row after two years of decline. Over the period under review, imports recorded significant growth. The most prominent rate of growth was recorded in 2014 with an increase of 297%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in years to come.

In value terms, non-enclosed loudspeakers imports stood at $X in 2021. In general, imports recorded measured growth. The pace of growth was the most pronounced in 2015 with an increase of 78%. Imports peaked at $X in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest non-enclosed loudspeakers supplier to Bangladesh, accounting for a 90% share of total imports. Moreover, non-enclosed loudspeakers imports from China exceeded the figures recorded by the second-largest supplier, Hong Kong SAR (X units), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +44.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (+28.8% per year) and Singapore (+38.6% per year).

In value terms, China ($X) constituted the largest supplier of loudspeakers (not in enclosure) to Bangladesh, comprising 80% of total imports. The second position in the ranking was held by Singapore ($X), with a 5.6% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +3.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (+14.5% per year) and Hong Kong SAR (-8.9% per year).

Import Prices by Country

In 2021, the average non-enclosed loudspeakers import price amounted to $X per unit, dropping by -6.2% against the previous year. In general, the import price continues to indicate a dramatic curtailment. The most prominent rate of growth was recorded in 2018 when the average import price increased by 43% against the previous year. Over the period under review, average import prices attained the maximum at $X per unit in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Singapore ($X per unit), while the price for Hong Kong SAR ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (-17.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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