Central Asia: Multiple Loudspeakers Market 2024

Multiple Loudspeakers Market Size in Central Asia

In 2021, after two years of growth, there was significant decline in the Central Asian multiple loudspeakers market, when its value decreased by -11.9% to $X. The total consumption indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +8.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +16.0% against 2017 indices. Over the period under review, the market reached the peak level at $X in 2020, and then declined in the following year.

Multiple Loudspeakers Production in Central Asia

In value terms, multiple loudspeakers production dropped to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a prominent increase. The pace of growth appeared the most rapid in 2013 when the production volume increased by 87% against the previous year. Over the period under review, production hit record highs at $X in 2020, and then reduced in the following year.

Multiple Loudspeakers Exports

Exports in Central Asia

Multiple loudspeakers exports skyrocketed to X units in 2021, picking up by 106% on the previous year. In general, exports saw a significant expansion. The most prominent rate of growth was recorded in 2017 with an increase of 552%. As a result, the exports attained the peak of X units. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, multiple loudspeakers exports skyrocketed to $X in 2021. Overall, exports recorded a significant increase. The pace of growth was the most pronounced in 2017 when exports increased by 587% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to continue growth in the near future.

Exports by Country

Kazakhstan dominates exports structure, resulting at X units, which was approx. 97% of total exports in 2021. Uzbekistan (X units) followed a long way behind the leaders.

Kazakhstan was also the fastest-growing in terms of the multiple loudspeakers (in enclosure) exports, with a CAGR of +26.0% from 2012 to 2021. At the same time, Uzbekistan (+17.4%) displayed positive paces of growth. Kazakhstan (+3.7 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Kazakhstan ($X) remains the largest multiple loudspeakers supplier in Central Asia, comprising 98% of total exports. The second position in the ranking was held by Uzbekistan ($X), with a 1.4% share of total exports.

In Kazakhstan, multiple loudspeakers exports increased at an average annual rate of +29.4% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Central Asia amounted to $X per unit, with a decrease of -24.1% against the previous year. Over the period under review, the export price, however, continues to indicate a temperate increase. The most prominent rate of growth was recorded in 2018 when the export price increased by 95% against the previous year. The level of export peaked at $X per unit in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Uzbekistan (+20.9%).

Multiple Loudspeakers Imports

Imports in Central Asia

Multiple loudspeakers imports skyrocketed to X units in 2021, rising by 47% compared with the year before. Total imports indicated a tangible increase from 2012 to 2021: its volume increased at an average annual rate of +3.5% 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 decreased by -6.8% against 2019 indices. The most prominent rate of growth was recorded in 2017 when imports increased by 59% against the previous year. The volume of import peaked at X units in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, multiple loudspeakers imports totaled $X in 2021. Overall, imports continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2017 with an increase of 82%. The level of import peaked at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

Kazakhstan dominates imports structure, amounting to X units, which was approx. 88% of total imports in 2021. It was distantly followed by Uzbekistan (X units), committing a 6.4% share of total imports. The following importers - Turkmenistan (X units) and Kyrgyzstan (X units) - together made up 4.6% of total imports.

From 2012 to 2021, average annual rates of growth with regard to multiple loudspeakers imports into Kazakhstan stood at +2.9%. At the same time, Uzbekistan (+19.5%), Kyrgyzstan (+6.6%) and Turkmenistan (+3.3%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in Central Asia, with a CAGR of +19.5% from 2012-2021. While the share of Uzbekistan (+6.4 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Kazakhstan (-4.4 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Kazakhstan ($X) constitutes the largest market for imported multiple loudspeakers (in enclosure) in Central Asia, comprising 74% of total imports. The second position in the ranking was taken by Turkmenistan ($X), with a 12% share of total imports. It was followed by Uzbekistan, with a 9.7% share.

In Kazakhstan, multiple loudspeakers imports increased at an average annual rate of +8.5% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Turkmenistan (+6.2% per year) and Uzbekistan (-11.6% per year).

Import Prices by Country

In 2021, the import price in Central Asia amounted to $X per unit, waning by -25.2% against the previous year. Import price indicated a measured increase from 2012 to 2021: its price increased at an average annual rate of +4.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2019 an increase of 26%. Over the period under review, import prices hit record highs at $X per unit in 2020, and then contracted sharply in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kazakhstan (+5.4%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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