Czech Republic: Loudspeaker Market 2024

Loudspeaker Market Size in the Czech Republic

After two years of growth, the Czech loudspeaker market decreased by X% to $X in 2023. Overall, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X, and then reduced notably in the following year.

Loudspeaker Production in the Czech Republic

In value terms, loudspeaker production soared to $X in 2023 estimated in export price. Overall, production showed a measured expansion. Over the period under review, production hit record highs at $X in 2021; however, from 2022 to 2023, production stood at a somewhat lower figure.

Loudspeaker Exports

Exports from the Czech Republic

In 2023, loudspeaker exports from the Czech Republic shrank to X units, with a decrease of X% on 2022 figures. Over the period under review, exports, however, posted resilient growth. The pace of growth appeared the most rapid in 2013 with an increase of X%. The exports peaked at X units in 2017; however, from 2018 to 2023, the exports remained at a lower figure.

In value terms, loudspeaker exports shrank to $X in 2023. In general, exports, however, recorded a resilient increase. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2022, and then shrank in the following year.

Exports by Country

Spain (X units), Germany (X units) and Turkey (X units) were the main destinations of loudspeaker exports from the Czech Republic, with a combined X% share of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Spain (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Germany ($X) and Slovakia ($X) appeared to be the largest markets for loudspeaker exported from the Czech Republic worldwide, with a combined X% share of total exports. Turkey, Poland, Spain, the United Arab Emirates, the UK, France, Hungary, Kazakhstan and Russia lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, the United Arab Emirates, with a CAGR of X%, 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

The average loudspeaker export price stood at $X per unit in 2023, reducing by X% against the previous year. Overall, the export price, however, continues to indicate a notable increase. The most prominent rate of growth was recorded in 2018 when the average export price increased by X% against the previous year. The export price peaked at $X per unit in 2022, and then declined in the following year.

There were significant differences in the average prices for the major export markets. In 2023, amid the top suppliers, the country with the highest price was the Netherlands ($X per unit), while the average price for exports to Spain ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (X%), while the prices for the other major destinations experienced more modest paces of growth.

Loudspeaker Imports

Imports into the Czech Republic

In 2023, overseas purchases of loudspeakers decreased by X% to X units for the first time since 2020, thus ending a two-year rising trend. Overall, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2022 when imports increased by X% against the previous year. As a result, imports reached the peak of X units, and then declined notably in the following year.

In value terms, loudspeaker imports dropped modestly to $X in 2023. In general, imports, however, recorded a strong increase. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at $X in 2022, and then fell modestly in the following year.

Imports by Country

In 2023, China (X units) constituted the largest supplier of loudspeaker to the Czech Republic, accounting for a X% share of total imports. Moreover, loudspeaker imports from China exceeded the figures recorded by the second-largest supplier, Belgium (X units), threefold. The third position in this ranking was held by Vietnam (X units), with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (X% per year) and Vietnam (X% per year).

In value terms, the largest loudspeaker suppliers to the Czech Republic were China ($X), the Netherlands ($X) and Germany ($X), together comprising X% of total imports.

The Netherlands, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the average loudspeaker import price amounted to $X per unit, rising by X% against the previous year. Over the period under review, the import price recorded strong growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was the Netherlands ($X per unit), while the price for Vietnam ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform