Eastern Europe: Non-Enclosed Loudspeakers Market 2024

Non-Enclosed Loudspeakers Market Size in Eastern Europe

The East European non-enclosed loudspeakers market shrank to $X in 2021, falling by -14.1% against the previous year. The total consumption indicated a measured expansion from 2012 to 2021: its value increased at an average annual rate of +4.7% 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 +59.6% against 2015 indices. As a result, consumption attained the peak level of $X, and then fell in the following year.

Non-Enclosed Loudspeakers Production in Eastern Europe

In value terms, non-enclosed loudspeakers production fell sharply to $X in 2021 estimated in export price. In general, production, however, continues to indicate a remarkable increase. The most prominent rate of growth was recorded in 2020 with an increase of 78%. As a result, production attained the peak level of $X, and then contracted notably in the following year.

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Non-Enclosed Loudspeakers Exports

Exports in Eastern Europe

For the third consecutive year, Eastern Europe recorded growth in overseas shipments of loudspeakers (not in enclosure), which increased by 60% to X units in 2021. Over the period under review, exports continue to indicate a resilient increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, non-enclosed loudspeakers exports shrank slightly to $X in 2021. Total exports indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +6.9% 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 decreased by -3.6% against 2019 indices. The growth pace was the most rapid in 2013 with an increase of 49%. The level of export peaked at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

In 2021, Hungary (X units) represented the largest exporter of loudspeakers (not in enclosure), mixing up 58% of total exports. It was distantly followed by Poland (X units) and Slovakia (X units), together achieving a 37% share of total exports. The Czech Republic (X units) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Hungary (with a CAGR of +22.8%), while the other leaders experienced more modest paces of growth.

In value terms, Hungary ($X) remains the largest non-enclosed loudspeakers supplier in Eastern Europe, comprising 62% of total exports. The second position in the ranking was held by Poland ($X), with a 21% share of total exports. It was followed by Slovakia, with a 7.4% share.

From 2012 to 2021, the average annual growth rate of value in Hungary totaled +15.6%. The remaining exporting countries recorded the following average annual rates of exports growth: Poland (+9.5% per year) and Slovakia (-9.6% per year).

Export Prices by Country

In 2021, the export price in Eastern Europe amounted to $X per unit, shrinking by -39% against the previous year. Overall, the export price recorded a pronounced downturn. The pace of growth was the most pronounced in 2013 when the export price increased by 25%. Over the period under review, the export prices reached the peak figure at $X per unit in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Slovakia ($X per unit), while Poland ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Slovakia (-5.0%), while the other leaders experienced a decline in the export price figures.

Non-Enclosed Loudspeakers Imports

Imports in Eastern Europe

In 2021, approx. X units of loudspeakers (not in enclosure) were imported in Eastern Europe; jumping by 34% against the previous year. In general, imports enjoyed buoyant growth. The pace of growth appeared the most rapid in 2020 with an increase of 34% against the previous year. The volume of import peaked in 2021 and is likely to see gradual growth in the immediate term.

In value terms, non-enclosed loudspeakers imports expanded markedly to $X in 2021. Total imports indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +6.4% 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 increased by +38.0% against 2014 indices. The most prominent rate of growth was recorded in 2014 with an increase of 18% against the previous year. The level of import peaked in 2021 and is likely to see gradual growth in the immediate term.

Imports by Country

In 2021, Poland (X units), distantly followed by Hungary (X units), the Czech Republic (X units), Slovakia (X units) and Russia (X units) were the major importers of loudspeakers (not in enclosure), together mixing up 93% of total imports. Romania (X units) took a minor share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by the Czech Republic (with a CAGR of +13.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest non-enclosed loudspeakers importing markets in Eastern Europe were Poland ($X), Hungary ($X) and Russia ($X), together comprising 66% of total imports.

Hungary, with a CAGR of +10.1%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Eastern Europe amounted to $X per unit, declining by -18% against the previous year. Over the period under review, the import price showed a pronounced contraction. The most prominent rate of growth was recorded in 2014 when the import price increased by 14%. As a result, import price attained the peak level of $X per unit. From 2015 to 2021, the import prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Russia ($X per unit), while the Czech Republic ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+5.0%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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