Indonesia: Non-Enclosed Loudspeakers Market 2024

Non-Enclosed Loudspeakers Market Size in Indonesia

The Indonesian non-enclosed loudspeakers market plummeted to $X in 2021, with a decrease of -46.5% against the previous year. Over the period under review, consumption recorded a pronounced descent. Non-enclosed loudspeakers consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Non-Enclosed Loudspeakers Production in Indonesia

In value terms, non-enclosed loudspeakers production shrank to $X in 2021 estimated in export price. In general, production showed a mild contraction. The growth pace was the most rapid in 2020 when the production volume increased by 37%. Over the period under review, production reached the peak level at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Non-Enclosed Loudspeakers Exports

Exports from Indonesia

In 2021, exports of loudspeakers (not in enclosure) from Indonesia skyrocketed to X units, growing by 25% on the previous year's figure. Overall, total exports indicated a moderate increase from 2012 to 2021: its volume increased at an average annual rate of +2.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +47.8% against 2019 indices. The most prominent rate of growth was recorded in 2013 with an increase of 57%. As a result, the exports attained the peak of X units. From 2014 to 2021, the growth of the exports remained at a lower figure.

In value terms, non-enclosed loudspeakers exports surged to $X in 2021. Over the period under review, exports, however, continue to indicate a perceptible shrinkage. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Poland (X units), Mexico (X units) and Hungary (X units) were the main destinations of non-enclosed loudspeakers exports from Indonesia, together accounting for 56% of total exports. Russia, South Korea, Vietnam, India, the United States, Japan, Germany, Hong Kong SAR and Singapore lagged somewhat behind, together comprising a further 29%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Russia (with a CAGR of +60.0%), while the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Mexico ($X) and Hungary ($X) were the largest markets for non-enclosed loudspeakers exported from Indonesia worldwide, together accounting for 48% of total exports. These countries were followed by Russia, the United States, Vietnam, South Korea, India, Japan, Germany, Singapore and Hong Kong SAR, which together accounted for a further 30%.

In terms of the main countries of destination, Vietnam, with a CAGR of +55.8%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average non-enclosed loudspeakers export price stood at $X per unit in 2021, picking up by 4.8% against the previous year. In general, the export price, however, saw a pronounced reduction. The most prominent rate of growth was recorded in 2017 an increase of 6% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Singapore ($X per unit), while the average price for exports to South Korea ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+4.8%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Enclosed Loudspeakers Imports

Imports into Indonesia

In 2021, after two years of decline, there was significant growth in supplies from abroad of loudspeakers (not in enclosure), when their volume increased by 14% to X units. Over the period under review, imports, however, recorded a noticeable slump. Over the period under review, imports hit record highs at X units in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, non-enclosed loudspeakers imports surged to $X in 2021. Overall, total imports indicated a notable expansion from 2012 to 2021: its value increased at an average annual rate of +2.0% 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 decreased by -19.1% against 2018 indices. The most prominent rate of growth was recorded in 2017 with an increase of 42% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of non-enclosed loudspeakers to Indonesia, accounting for a 72% share of total imports. Moreover, non-enclosed loudspeakers imports from China exceeded the figures recorded by the second-largest supplier, Vietnam (X units), sixfold. Thailand (X units) ranked third in terms of total imports with a 10% share.

From 2012 to 2021, the average annual growth rate of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+11.9% per year) and Thailand (-4.0% per year).

In value terms, China ($X), Vietnam ($X) and Thailand ($X) were the largest non-enclosed loudspeakers suppliers to Indonesia, together accounting for 90% of total imports.

Among the main suppliers, Vietnam, with a CAGR of +26.2%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average non-enclosed loudspeakers import price amounted to $X per unit, with an increase of 17% against the previous year. In general, import price indicated a noticeable expansion from 2012 to 2021: its price increased at an average annual rate of +4.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, non-enclosed loudspeakers import price increased by +16.8% against 2019 indices. The pace of growth was the most pronounced in 2017 when the average import price increased by 50% against the previous year. Over the period under review, average import prices reached the maximum in 2021 and is likely to continue growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Singapore ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+15.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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