Central Asia: Loudspeaker Market 2024

Loudspeaker Market Size in Central Asia

The Central Asian loudspeaker market expanded rapidly to $X in 2021, surging by 10% against the previous year. Overall, consumption, however, showed significant growth. Over the period under review, the market attained the peak level in 2021 and is expected to retain growth in the near future.

Loudspeaker Production in Central Asia

In value terms, loudspeaker production rose markedly to $X in 2021 estimated in export price. Overall, production, however, enjoyed a significant expansion. The pace of growth appeared the most rapid in 2019 when the production volume increased by 56% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2021, production growth failed to regain momentum.

Loudspeaker Exports

Exports in Central Asia

After three years of decline, shipments abroad of single loudspeakers (in enclosure) increased by 28% to X units in 2021. Over the period under review, exports continue to indicate a prominent increase. The growth pace was the most rapid in 2017 when exports increased by 211%. As a result, the exports reached the peak of X units. From 2018 to 2021, the growth of the exports failed to regain momentum.

In value terms, loudspeaker exports declined to $X in 2021. In general, exports, however, recorded a slight slump. The most prominent rate of growth was recorded in 2017 when exports increased by 403%. As a result, the exports attained the peak of $X. From 2018 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Kazakhstan prevails in exports structure, reaching X units, which was near 85% of total exports in 2021. It was distantly followed by Kyrgyzstan (X units) and Uzbekistan (X units), together mixing up a 14% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to loudspeaker exports from Kazakhstan stood at +12.4%. At the same time, Uzbekistan (+37.0%) and Kyrgyzstan (+35.1%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing exporter exported in Central Asia, with a CAGR of +37.0% from 2012-2021. While the share of Kazakhstan (+16 p.p.), Kyrgyzstan (+7.3 p.p.) and Uzbekistan (+4.2 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Kazakhstan ($X) emerged as the largest loudspeaker supplier in Central Asia, comprising 81% of total exports. The second position in the ranking was held by Kyrgyzstan ($X), with a 14% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Kazakhstan stood at -3.3%. In the other countries, the average annual rates were as follows: Kyrgyzstan (+29.5% per year) and Uzbekistan (+39.9% per year).

Export Prices by Country

In 2021, the export price in Central Asia amounted to $X per unit, with a decrease of -28.6% against the previous year. Over the period under review, the export price continues to indicate a abrupt slump. The pace of growth appeared the most rapid in 2017 an increase of 62% against the previous year. Over the period under review, the export prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Uzbekistan (+2.1%), while the other leaders experienced a decline in the export price figures.

Loudspeaker Imports

Imports in Central Asia

In 2021, supplies from abroad of single loudspeakers (in enclosure) decreased by -1.1% to X units for the first time since 2016, thus ending a four-year rising trend. Over the period under review, imports, however, saw a prominent increase. The pace of growth was the most pronounced in 2020 when imports increased by 186% against the previous year. As a result, imports attained the peak of X units, and then declined in the following year.

In value terms, loudspeaker imports rose sharply to $X in 2021. In general, imports, however, recorded a buoyant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 311%. The level of import peaked in 2021 and is expected to retain growth in the immediate term.

Imports by Country

Kazakhstan represented the key importing country with an import of about X units, which reached 64% of total imports. Uzbekistan (X units) ranks second in terms of the total imports with a 29% share, followed by Tajikistan (4.9%). Kyrgyzstan (X units) took a relatively small share of total imports.

Imports into Kazakhstan increased at an average annual rate of +8.3% from 2012 to 2021. At the same time, Uzbekistan (+107.2%), Tajikistan (+37.7%) and Kyrgyzstan (+23.9%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in Central Asia, with a CAGR of +107.2% from 2012-2021. Uzbekistan (+29 p.p.) and Tajikistan (+4 p.p.) significantly strengthened its position in terms of the total imports, while Kazakhstan saw its share reduced by -32.8% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Kazakhstan ($X) constitutes the largest market for imported single loudspeakers (in enclosure) in Central Asia, comprising 89% of total imports. The second position in the ranking was held by Uzbekistan ($X), with a 6.9% share of total imports. It was followed by Tajikistan, with a 2.3% share.

From 2012 to 2021, the average annual growth rate of value in Kazakhstan amounted to +19.4%. The remaining importing countries recorded the following average annual rates of imports growth: Uzbekistan (+55.3% per year) and Tajikistan (+29.5% per year).

Import Prices by Country

In 2021, the import price in Central Asia amounted to $X per unit, surging by 9.6% against the previous year. Import price indicated buoyant growth from 2012 to 2021: its price increased at an average annual rate of +5.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, loudspeaker import price increased by +70.4% against 2018 indices. The most prominent rate of growth was recorded in 2020 an increase of 44%. The level of import peaked in 2021 and is likely to see steady growth in years to come.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Kazakhstan ($X per unit), while Uzbekistan ($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 (+10.2%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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