Eastern Asia: Non-Enclosed Loudspeakers Market 2024

Non-Enclosed Loudspeakers Market Size in Eastern Asia

The East Asian non-enclosed loudspeakers market expanded markedly to $X in 2021, picking up by 13% against the previous year. The market value increased at an average annual rate of +2.0% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The level of consumption peaked in 2021 and is expected to retain growth in the near future.

Non-Enclosed Loudspeakers Production in Eastern Asia

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 +2.9% 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 when the production volume increased by 17% 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 in Eastern Asia

Non-enclosed loudspeakers exports stood at X units in 2021, picking up by 6.4% on 2020 figures. Overall, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of 62%. The volume of export peaked at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, non-enclosed loudspeakers exports surged to $X in 2021. The total export value increased at an average annual rate of +3.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

China represented the key exporting country with an export of about X units, which recorded 83% of total exports. It was distantly followed by Hong Kong SAR (X units), committing a 15% share of total exports.

China was also the fastest-growing in terms of the loudspeakers (not in enclosure) exports, with a CAGR of +2.9% from 2012 to 2021. Hong Kong SAR (-9.5%) illustrated a downward trend over the same period. While the share of China (+21 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Hong Kong SAR (-20.6 p.p.) displayed negative dynamics.

In value terms, China ($X) remains the largest non-enclosed loudspeakers supplier in Eastern Asia, comprising 88% of total exports. The second position in the ranking was taken by Hong Kong SAR ($X), with a 9.1% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in China stood at +5.1%.

Export Prices by Country

The export price in Eastern Asia stood at $X per unit in 2021, rising by 16% against the previous year. Export price indicated a pronounced expansion from 2012 to 2021: its price increased at an average annual rate of +4.0% 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 +39.2% against 2018 indices. The most prominent rate of growth was recorded in 2016 an increase of 36% against the previous year. Over the period under review, the export prices attained the peak figure at $X per unit in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was China ($X per unit), while Hong Kong SAR stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+5.6%).

Non-Enclosed Loudspeakers Imports

Imports in Eastern Asia

In 2021, the amount of loudspeakers (not in enclosure) imported in Eastern Asia shrank modestly to X units, approximately equating the previous year. In general, imports continue to indicate a deep contraction. The pace of growth appeared the most rapid in 2018 when imports increased by 17% against the previous year. The volume of import peaked at X units in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, non-enclosed loudspeakers imports soared to $X in 2021. Over the period under review, imports, however, recorded a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X units), Hong Kong SAR (X units) and Japan (X units) represented roughly 83% of total imports in 2021. It was distantly followed by South Korea (X units), achieving a 14% share of total imports. Taiwan (Chinese) (X units) took a little share of total imports.

From 2012 to 2021, the biggest increases were recorded for Japan (with a CAGR of -0.5%), while purchases for the other leaders experienced a decline in the imports figures.

In value terms, the largest non-enclosed loudspeakers importing markets in Eastern Asia were Japan ($X), China ($X) and Hong Kong SAR ($X), with a combined 79% share of total imports.

China, with a CAGR of +4.5%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2021, the import price in Eastern Asia amounted to $X per unit, rising by 17% against the previous year. Import price indicated a strong increase from 2012 to 2021: its price increased at an average annual rate of +6.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, non-enclosed loudspeakers import price increased by +30.2% against 2017 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was South Korea ($X per unit), while Hong Kong SAR ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+11.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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