Europe: Multiple Loudspeakers Market 2024

Multiple Loudspeakers Market Size in Europe

The Europe multiple loudspeakers market stood at $X in 2021, standing approx. at the previous year. The market value increased at an average annual rate of +4.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market remained at a lower figure.

Multiple Loudspeakers Production in Europe

In value terms, multiple loudspeakers production expanded to $X in 2021 estimated in export price. The total production indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +6.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -15.0% against 2018 indices. The pace of growth appeared the most rapid in 2014 with an increase of 70%. The level of production peaked at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Multiple Loudspeakers Exports

Exports in Europe

In 2021, approx. X units of multiple loudspeakers (in enclosure) were exported in Europe; increasing by 29% against the previous year's figure. In general, exports recorded a prominent increase. The pace of growth appeared the most rapid in 2020 when exports increased by 62%. The volume of export peaked in 2021 and is likely to continue growth in years to come.

In value terms, multiple loudspeakers exports soared to $X in 2021. Over the period under review, exports enjoyed a resilient expansion. The growth pace was the most rapid in 2017 when exports increased by 26%. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in years to come.

Exports by Country

The Netherlands represented the key exporting country with an export of about X units, which resulted at 36% of total exports. Germany (X units) took the second position in the ranking, followed by the Czech Republic (X units), Belgium (X units) and France (X units). All these countries together held approx. 37% share of total exports. The following exporters - Sweden (X units), Denmark (X units), Poland (X units), Italy (X units), Spain (X units), Slovakia (X units) and Slovenia (X units) - together made up 21% of total exports.

Exports from the Netherlands increased at an average annual rate of +24.6% from 2012 to 2021. 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 Europe, with a CAGR of +76.6% from 2012-2021. While the share of the Netherlands (+14 p.p.), the Czech Republic (+2.6 p.p.) and Slovenia (+1.6 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Spain (-2.7 p.p.), Denmark (-2.7 p.p.) and Belgium (-7.6 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Netherlands ($X) remains the largest multiple loudspeakers supplier in Europe, comprising 35% of total exports. The second position in the ranking was taken by Germany ($X), with a 13% share of total exports. It was followed by Belgium, with a 7.3% 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 Europe stood at $X per unit in 2021, dropping by -8.6% against the previous year. Overall, the export price saw a deep reduction. The most prominent rate of growth was recorded in 2018 when the export price increased by 6.1%. Over the period under review, the export prices reached the maximum at $X per unit in 2012; however, from 2013 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 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 Europe

In 2021, the amount of multiple loudspeakers (in enclosure) imported in Europe surged to X units, rising by 21% against the year before. Over the period under review, imports showed a prominent increase. The most prominent rate of growth was recorded in 2018 when imports increased by 43% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in years to come.

In value terms, multiple loudspeakers imports rose significantly to $X in 2021. Total imports indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +7.3% 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 +88.1% against 2012 indices. The pace of growth was the most pronounced in 2017 with an increase of 16% against the previous year. The level of import peaked in 2021 and is expected to retain growth in the near future.

Imports by Country

Germany (X units) and the Netherlands (X units) represented roughly 42% of total imports in 2021. France (X units) took a 9.4% share (based on physical terms) of total imports, which put it in second place, followed by Spain (6.5%), Sweden (6.5%) and Poland (5.3%). The following importers - the UK (X units), Belgium (X units), Denmark (X units), Italy (X units), Russia (X units), the Czech Republic (X units) and Hungary (X units) - together made up 20% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main 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, the largest multiple loudspeakers importing markets in Europe were Germany ($X), the Netherlands ($X) and France ($X), with a combined 50% share of total imports. These countries were followed by the UK, Sweden, Poland, Denmark, Spain, Italy, Belgium, Russia, the Czech Republic and Hungary, which together accounted for a further 34%.

Among the main importing countries, Poland, with a CAGR of +22.4%, recorded 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

In 2021, the import price in Europe amounted to $X per unit, declining by -6.1% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the import price increased by 16%. Over the period under review, import prices reached the maximum 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 the UK ($X per unit), while Hungary ($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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