Eastern Europe: Loudspeaker Market 2024

Loudspeaker Market Size in Eastern Europe

The East European loudspeaker market surged to $X in 2021, increasing by 22% against the previous year. Over the period under review, consumption continues to indicate a strong increase. The level of consumption peaked in 2021 and is likely to see steady growth in the immediate term.

Loudspeaker Production in Eastern Europe

In value terms, loudspeaker production rose markedly to $X in 2021 estimated in export price. The total production indicated measured growth from 2012 to 2021: its value increased at an average annual rate of +4.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2016 with an increase of 24% against the previous year. The level of production peaked in 2021 and is likely to see gradual growth in the near future.

Loudspeaker Exports

Exports in Eastern Europe

In 2021, shipments abroad of single loudspeakers (in enclosure) increased by 75% to X units, rising for the sixth consecutive year after two years of decline. Overall, exports recorded a buoyant increase. The pace of growth was the most pronounced in 2020 when exports increased by 82% against the previous year. The volume of export peaked in 2021 and is expected to retain growth in the near future.

In value terms, loudspeaker exports soared to $X in 2021. Over the period under review, exports continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2017 when exports increased by 44%. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in the near future.

Exports by Country

Poland represented the key exporting country with an export of about X units, which resulted at 51% of total exports. The Czech Republic (X units) took a 17% share (based on physical terms) of total exports, which put it in second place, followed by Hungary (17%) and Slovakia (6.3%). Romania (X units) and Lithuania (X units) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to loudspeaker exports from Poland stood at +44.7%. At the same time, Romania (+103.3%), Slovakia (+28.0%), the Czech Republic (+24.5%) and Lithuania (+12.5%) displayed positive paces of growth. Moreover, Romania emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of +103.3% from 2012-2021. Hungary experienced a relatively flat trend pattern. Poland (+43 p.p.), the Czech Republic (+6.5 p.p.), Romania (+4.1 p.p.) and Slovakia (+3.2 p.p.) significantly strengthened its position in terms of the total exports, while Hungary saw its share reduced by -55.3% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Poland ($X) remains the largest loudspeaker supplier in Eastern Europe, comprising 44% of total exports. The second position in the ranking was taken by the Czech Republic ($X), with a 22% share of total exports. It was followed by Hungary, with a 14% share.

In Poland, loudspeaker exports expanded at an average annual rate of +36.0% over the period from 2012-2021. In the other countries, the average annual rates were as follows: the Czech Republic (+19.7% per year) and Hungary (-8.8% per year).

Export Prices by Country

The export price in Eastern Europe stood at $X per unit in 2021, with a decrease of -32.5% against the previous year. Over the period under review, the export price recorded a abrupt contraction. The growth pace was the most rapid in 2016 when the export price increased by 32% against the previous year. 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 Lithuania ($X per unit), while Romania ($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 Czech Republic (-3.8%), while the other leaders experienced a decline in the export price figures.

Loudspeaker Imports

Imports in Eastern Europe

For the fifth consecutive year, Eastern Europe recorded growth in overseas purchases of single loudspeakers (in enclosure), which increased by 54% to X units in 2021. In general, imports enjoyed a resilient increase. The most prominent rate of growth was recorded in 2020 when imports increased by 82%. The volume of import peaked in 2021 and is expected to retain growth in the near future.

In value terms, loudspeaker imports reached $X in 2021. Overall, imports enjoyed a strong expansion. The pace of growth was the most pronounced in 2017 with an increase of 35%. The level of import peaked in 2021 and is expected to retain growth in the immediate term.

Imports by Country

Hungary was the major importing country with an import of around X units, which accounted for 35% of total imports. Slovakia (X units) took the second position in the ranking, followed by Poland (X units), the Czech Republic (X units) and Russia (X units). All these countries together held near 58% share of total imports. Romania (X units) took a minor share of total imports.

From 2012 to 2021, the biggest increases were recorded for the Czech Republic (with a CAGR of +23.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest loudspeaker importing markets in Eastern Europe were Poland ($X), Russia ($X) and the Czech Republic ($X), together accounting for 66% of total imports.

Poland, with a CAGR of +15.9%, saw the highest rates of growth with regard to the value of imports, among 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, falling by -28.7% against the previous year. In general, the import price recorded a pronounced downturn. The pace of growth was the most pronounced in 2013 an increase of 56%. The level of import peaked at $X per unit in 2017; however, from 2018 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Russia ($X per unit), while Hungary ($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 (-0.8%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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