Brazil: Loudspeaker Market 2024

Loudspeaker Market Size in Brazil

After two years of growth, the Brazilian loudspeaker market decreased by -4.7% to $X in 2021. Overall, the total consumption indicated noticeable growth from 2012 to 2021: its value increased at an average annual rate of +3.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +67.9% against 2016 indices. As a result, consumption reached the peak level of $X, and then fell in the following year.

Loudspeaker Production in Brazil

In value terms, loudspeaker production dropped significantly to $X in 2021 estimated in export price. Overall, production showed a precipitous shrinkage. Over the period under review, production hit record highs at $X in 2020, and then contracted notably in the following year.

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Loudspeaker Exports

Exports from Brazil

In 2021, overseas shipments of single loudspeakers (in enclosure) increased by 68% to X units, rising for the second consecutive year after two years of decline. Overall, exports saw a resilient expansion. The most prominent rate of growth was recorded in 2013 with an increase of 156%. Over the period under review, the exports hit record highs in 2021 and are likely to continue growth in years to come.

In value terms, loudspeaker exports soared to $X in 2021. Over the period under review, exports recorded a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X units), Slovakia (X units) and Germany (X units) were the main destinations of loudspeaker exports from Brazil, together accounting for 92% of total exports.

From 2012 to 2021, the biggest increases were recorded for Slovakia (with a CAGR of +104.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for single loudspeakers (in enclosure) exports from Brazil, comprising 90% of total exports. The second position in the ranking was taken by Slovakia ($X), with a 4.2% share of total exports. It was followed by Germany, with a 1.5% share.

From 2012 to 2021, the average annual growth rate of value to the United States totaled +76.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (+88.0% per year) and Germany (+20.9% per year).

Export Prices by Country

The average loudspeaker export price stood at $X per unit in 2021, jumping by 87% against the previous year. Overall, the export price continues to indicate buoyant growth. The growth pace was the most rapid in 2018 when the average export price increased by 126%. Over the period under review, the average export prices attained the maximum at $X per unit in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was the United States ($X per unit), while the average price for exports to Slovakia ($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 the United States (+23.8%), while the prices for the other major destinations experienced more modest paces of growth.

Loudspeaker Imports

Imports into Brazil

In 2021, purchases abroad of single loudspeakers (in enclosure) increased by 3% to X units, rising for the third year in a row after five years of decline. Overall, imports, however, showed a noticeable setback. The growth pace was the most rapid in 2013 when imports increased by 40%. As a result, imports reached the peak of X units. From 2014 to 2021, the growth of imports failed to regain momentum.

In value terms, loudspeaker imports soared to $X in 2021. The total import value increased at an average annual rate of +2.5% 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 2017 with an increase of 22% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, China (X units) constituted the largest supplier of loudspeaker to Brazil, with a 62% share of total imports. Moreover, loudspeaker imports from China exceeded the figures recorded by the second-largest supplier, Vietnam (X units), fivefold. The third position in this ranking was held by Indonesia (X units), with a 9.7% share.

From 2012 to 2021, the average annual growth rate of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+40.3% per year) and Indonesia (+41.7% per year).

In value terms, China ($X) constituted the largest supplier of single loudspeakers (in enclosure) to Brazil, comprising 62% of total imports. The second position in the ranking was held by South Korea ($X), with a 7.8% share of total imports. It was followed by Vietnam, with a 7.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +4.2%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (-6.3% per year) and Vietnam (+28.8% per year).

Import Prices by Country

The average loudspeaker import price stood at $X per unit in 2021, growing by 16% against the previous year. In general, import price indicated a perceptible expansion 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, loudspeaker import price increased by +15.1% against 2018 indices. The most prominent rate of growth was recorded in 2017 when the average import price increased by 26% against the previous year. The import price peaked in 2021 and is likely to continue growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+10.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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