EU: Multiple Loudspeakers Market 2024

Multiple Loudspeakers Market Size in the EU

The EU multiple loudspeakers market declined modestly to $X in 2021, stabilizing at the previous year. The total consumption indicated a pronounced increase 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 decreased by -16.0% against 2018 indices. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market failed to regain momentum.

Multiple Loudspeakers Production in the EU

In value terms, multiple loudspeakers production reached $X in 2021 estimated in export price. The total production indicated a buoyant increase 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, production decreased by -20.7% against 2018 indices. The pace of growth appeared the most rapid in 2014 with an increase of 74%. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Multiple Loudspeakers Exports

Exports in the EU

In 2021, approx. X units of multiple loudspeakers (in enclosure) were exported in the European Union; increasing by 32% on 2020. Overall, exports continue to indicate a remarkable increase. The pace of growth appeared the most rapid in 2020 when exports increased by 67% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in the near future.

In value terms, multiple loudspeakers exports skyrocketed to $X in 2021. In general, exports continue to indicate a strong increase. The pace of growth appeared the most rapid in 2017 when exports increased by 29%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in years to come.

Exports by Country

The Netherlands was the largest exporter of multiple loudspeakers (in enclosure) in the European Union, with the volume of exports resulting at X units, which was approx. 37% of total exports in 2021. It was distantly followed by Germany (X units), the Czech Republic (X units), Belgium (X units) and France (X units), together creating a 37% share of total exports. Sweden (X units), Denmark (X units), Poland (X units), Italy (X units), Spain (X units), Slovakia (X units) and Slovenia (X units) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to multiple loudspeakers exports from the Netherlands stood at +24.6%. At the same time, Slovenia (+76.6%), Poland (+24.9%), Slovakia (+24.0%), Sweden (+23.2%), the Czech Republic (+22.3%), Germany (+18.6%), France (+16.6%), Italy (+16.4%), Denmark (+11.5%), Belgium (+9.6%) and Spain (+8.1%) displayed positive paces of growth. Moreover, Slovenia emerged as the fastest-growing exporter exported in the European Union, with a CAGR of +76.6% from 2012-2021. From 2012 to 2021, the share of the Netherlands, the Czech Republic and Slovenia increased by +13, +2.2 and +1.6 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Netherlands ($X) remains the largest multiple loudspeakers supplier in the European Union, comprising 38% of total exports. The second position in the ranking was taken by Germany ($X), with a 14% share of total exports. It was followed by Belgium, with a 7.8% share.

In the Netherlands, multiple loudspeakers exports expanded at an average annual rate of +25.7% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Germany (+4.4% per year) and Belgium (-0.5% per year).

Export Prices by Country

The export price in the European Union stood at $X per unit in 2021, waning by -10.2% against the previous year. Over the period under review, the export price showed a abrupt decrease. The growth pace was the most rapid in 2018 when the export price increased by 8.2% against the previous year. Over the period under review, the export prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+1.6%), while the other leaders experienced mixed trends in the export price figures.

Multiple Loudspeakers Imports

Imports in the EU

Multiple loudspeakers imports soared to X units in 2021, jumping by 24% against 2020. Over the period under review, imports continue to indicate resilient growth. The pace of growth appeared the most rapid in 2018 with an increase of 51% against the previous year. The volume of import peaked in 2021 and is expected to retain growth in the immediate term.

In value terms, multiple loudspeakers imports skyrocketed to $X in 2021. Total imports indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +8.5% 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 +108.4% against 2012 indices. The most prominent rate of growth was recorded in 2017 when imports increased by 17% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to continue growth in the near future.

Imports by Country

Germany (X units) and the Netherlands (X units) represented roughly 46% of total imports in 2021. France (X units) ranks next in terms of the total imports with a 10% share, followed by Spain (7.1%), Sweden (7.1%) and Poland (5.8%). The following importers - Belgium (X units), Denmark (X units), Italy (X units), the Czech Republic (X units) and Hungary (X units) - together made up 15% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by the Netherlands (with a CAGR of +20.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the Netherlands ($X) and France ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined 59% share of total imports. These countries were followed by Sweden, Poland, Denmark, Spain, Italy, Belgium, the Czech Republic and Hungary, which together accounted for a further 30%.

Among the main importing countries, Poland, with a CAGR of +22.4%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in the European Union stood at $X per unit in 2021, waning by -6.6% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the import price increased by 19% against the previous year. Over the period under review, import prices attained the peak figure at $X per unit in 2017; however, from 2018 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic (+6.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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