Europe: Loudspeaker Market 2024

Loudspeaker Market Size in Europe

In 2021, after five years of growth, there was significant decline in the Europe loudspeaker market, when its value decreased by -5.3% to $X. Overall, consumption saw mild growth. As a result, consumption reached the peak level of $X, and then fell in the following year.

Loudspeaker Production in Europe

In value terms, loudspeaker production declined modestly to $X in 2021 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the production volume increased by 5.5%. As a result, production reached the peak level of $X, and then contracted slightly in the following year.

Loudspeaker Exports

Exports in Europe

For the sixth consecutive year, Europe recorded growth in overseas shipments of single loudspeakers (in enclosure), which increased by 56% to X units in 2021. Over the period under review, exports recorded a significant expansion. The pace of growth was the most pronounced in 2020 when exports increased by 86% 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 rose to $X in 2021. Overall, exports recorded a prominent expansion. The growth pace was the most rapid in 2017 when exports increased by 45%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the immediate term.

Exports by Country

The biggest shipments were from Germany (X units), the Netherlands (X units) and Belgium (X units), together resulting at 67% of total export. It was distantly followed by Poland (X units) and France (X units), together creating a 15% share of total exports. The following exporters - Spain (X units) and the Czech Republic (X units) - each resulted at a 6.1% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Poland (with a CAGR of +44.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the Netherlands ($X) and Belgium ($X) were the countries with the highest levels of exports in 2021, with a combined 56% share of total exports. These countries were followed by France, Poland, the Czech Republic and Spain, which together accounted for a further 18%.

Poland, with a CAGR of +36.0%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Europe stood at $X per unit in 2021, waning by -32.6% against the previous year. In general, the export price recorded a deep setback. The growth pace was the most rapid in 2017 when the export price increased by 16% against the previous year. Over the period under review, the export prices reached the peak figure at $X per unit in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was the Czech Republic ($X per unit), while Belgium ($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 (-2.0%), while the other leaders experienced a decline in the export price figures.

Loudspeaker Imports

Imports in Europe

In 2021, supplies from abroad of single loudspeakers (in enclosure) increased by 17% to X units, rising for the fifth year in a row after two years of decline. In general, imports continue to indicate a perceptible increase. The most prominent rate of growth was recorded in 2020 with an increase of 104% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are likely to see steady growth in years to come.

In value terms, loudspeaker imports stood at $X in 2021. Total imports indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +6.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +75.3% against 2015 indices. The pace of growth appeared the most rapid in 2017 when imports increased by 33%. The level of import peaked in 2021 and is likely to continue growth in the immediate term.

Imports by Country

In 2021, Germany (X units) was the key importer of single loudspeakers (in enclosure), mixing up 36% of total imports. France (X units) ranks second in terms of the total imports with a 9.4% share, followed by the Netherlands (8.5%), Hungary (7.8%), Belgium (6.9%) and Spain (4.9%). The following importers - Slovakia (X units), Poland (X units), the Czech Republic (X units), Austria (X units), Italy (X units) and Russia (X units) - together made up 18% of total imports.

Imports into Germany decreased at an average annual rate of -2.9% from 2012 to 2021. At the same time, the Netherlands (+32.5%), Spain (+25.3%), Italy (+23.7%), the Czech Republic (+23.1%), Slovakia (+22.4%), Poland (+17.5%), Belgium (+16.6%), France (+11.5%), Hungary (+8.5%), Austria (+6.4%) and Russia (+2.9%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing importer imported in Europe, with a CAGR of +32.5% from 2012-2021. The Netherlands (+7.5 p.p.), Belgium (+4.2 p.p.), France (+4 p.p.), Spain (+3.9 p.p.), Slovakia (+3.4 p.p.), Poland (+2.6 p.p.), the Czech Republic (+2.1 p.p.), Hungary (+2.1 p.p.) and Italy (+1.7 p.p.) significantly strengthened its position in terms of the total imports, while Germany saw its share reduced by -35.6% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X), the Netherlands ($X) and France ($X) constituted the countries with the highest levels of imports in 2021, with a combined 40% share of total imports. These countries were followed by Italy, Poland, Spain, Russia, Belgium, the Czech Republic, Slovakia, Austria and Hungary, which together accounted for a further 35%.

In terms of the main importing countries, Italy, with a CAGR of +16.3%, 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

The import price in Europe stood at $X per unit in 2021, with a decrease of -12.1% against the previous year. Overall, the import price, however, recorded a mild expansion. The most prominent rate of growth was recorded in 2015 when the import price increased by 104%. Over the period under review, import prices hit record highs at $X per unit in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+6.6%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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