China: Non-Enclosed Loudspeakers Market 2024

Non-Enclosed Loudspeakers Market Size in China

In 2021, the Chinese non-enclosed loudspeakers market increased by 25% to $X, rising for the third year in a row after two years of decline. In general, consumption posted a prominent increase. Non-enclosed loudspeakers consumption peaked in 2021 and is expected to retain growth in the near future.

Non-Enclosed Loudspeakers Production in China

In value terms, non-enclosed loudspeakers production declined to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 with an increase of 21% against the previous year. Over the period under review, production hit record highs at $X in 2020, and then fell in the following year.

Non-Enclosed Loudspeakers Exports

Exports from China

In 2021, the amount of loudspeakers (not in enclosure) exported from China rose slightly to X units, with an increase of 4.6% on 2020 figures. Overall, total exports indicated a perceptible increase from 2012 to 2021: its volume increased at an average annual rate of +2.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +112.3% against 2017 indices. The pace of growth appeared the most rapid in 2018 when exports increased by 99% against the previous year. The exports peaked in 2021 and are expected to retain growth in years to come.

In value terms, non-enclosed loudspeakers exports soared to $X in 2021. Over the period under review, total exports indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +5.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +65.2% against 2017 indices. The most prominent rate of growth was recorded in 2020 with an increase of 22%. Over the period under review, the exports attained the peak figure in 2021 and are likely to continue growth in the immediate term.

Exports by Country

Vietnam (X units) was the main destination for non-enclosed loudspeakers exports from China, with a 41% share of total exports. Moreover, non-enclosed loudspeakers exports to Vietnam exceeded the volume sent to the second major destination, Hong Kong SAR (X units), twofold. The third position in this ranking was held by India (X units), with a 7.6% share.

From 2012 to 2021, the average annual growth rate of volume to Vietnam totaled +27.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (-6.0% per year) and India (+8.4% per year).

In value terms, Hong Kong SAR ($X), Vietnam ($X) and the United States ($X) were the largest markets for non-enclosed loudspeakers exported from China worldwide, with a combined 46% share of total exports.

Among the main countries of destination, Vietnam, with a CAGR of +26.5%, recorded the highest growth rate of 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, jumping by 17% against the previous year. Over the period under review, export price indicated a perceptible increase from 2012 to 2021: its price increased at an average annual rate of +2.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, non-enclosed loudspeakers export price increased by +39.1% against 2018 indices. The most prominent rate of growth was recorded in 2016 when the average export price increased by 53% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2017 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was the United States ($X per unit), while the average price for exports to Vietnam ($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 Hong Kong SAR (+11.5%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Enclosed Loudspeakers Imports

Imports into China

In 2021, approx. X units of loudspeakers (not in enclosure) were imported into China; reducing by -23% against the previous year's figure. In general, imports saw a deep slump. The most prominent rate of growth was recorded in 2018 with an increase of 69%. Imports peaked at X units in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, non-enclosed loudspeakers imports expanded slightly to $X in 2021. The total import value increased at an average annual rate of +4.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 with an increase of 21%. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, Vietnam (X units) constituted the largest supplier of non-enclosed loudspeakers to China, with a 50% share of total imports. It was followed by the Philippines (X units), with a 1.2% share of total imports. The third position in this ranking was held by Hong Kong SAR (X units), with a 0.9% share.

From 2012 to 2021, the average annual growth rate of volume from Vietnam stood at +1.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the Philippines (-13.7% per year) and Hong Kong SAR (-4.3% per year).

In value terms, Vietnam ($X) constituted the largest supplier of loudspeakers (not in enclosure) to China, comprising 37% of total imports. The second position in the ranking was held by the Philippines ($X), with a 1.6% share of total imports. It was followed by Hong Kong SAR, with a 1% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Vietnam stood at +12.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the Philippines (+7.7% per year) and Hong Kong SAR (+12.4% per year).

Import Prices by Country

The average non-enclosed loudspeakers import price stood at $X per unit in 2021, picking up by 35% against the previous year. In general, the import price enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2016 an increase of 76% against the previous year. As a result, import price attained the peak level of $X per unit; afterwards, it flattened through to 2021.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (+24.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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