Israel: Non-Enclosed Loudspeakers Market 2024

Non-Enclosed Loudspeakers Market Size in Israel

In 2021, the Israeli non-enclosed loudspeakers market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption saw resilient growth. Non-enclosed loudspeakers consumption peaked in 2021 and is likely to see steady growth in the immediate term.

Non-Enclosed Loudspeakers Exports

Exports from Israel

In 2021, approx. X units of loudspeakers (not in enclosure) were exported from Israel; growing by 404% on 2020. In general, exports, however, saw a abrupt decrease. The growth pace was the most rapid in 2019 when exports increased by 28,642% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, non-enclosed loudspeakers exports surged to $X in 2021. Overall, exports, however, showed a abrupt shrinkage. The pace of growth appeared the most rapid in 2019 when exports increased by 29,500% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

South Korea (X units) was the main destination for non-enclosed loudspeakers exports from Israel, with a 33% share of total exports. Moreover, non-enclosed loudspeakers exports to South Korea exceeded the volume sent to the second major destination, the United States (X units), twofold. The third position in this ranking was taken by China (X units), with a 16% share.

From 2012 to 2021, the average annual growth rate of volume to South Korea stood at +32.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-7.9% per year) and China (+96.8% per year).

In value terms, South Korea ($X) emerged as the key foreign market for loudspeakers (not in enclosure) exports from Israel, comprising 33% of total exports. The second position in the ranking was held by the United States ($X), with a 16% share of total exports. It was followed by China, with a 15% share.

From 2012 to 2021, the average annual growth rate of value to South Korea amounted to +35.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-6.1% per year) and China (+100.5% per year).

Export Prices by Country

In 2021, the average non-enclosed loudspeakers export price amounted to $X per unit, declining by -6.1% against the previous year. Over the last nine years, it increased at an average annual rate of +2.1%. The pace of growth appeared the most rapid in 2020 an increase of 30% against the previous year. As a result, the export price reached the peak level of $X per unit, and then shrank in the following year.

Average prices varied noticeably for the major external markets. In 2021, the countries with the highest prices were Italy ($X per unit) and Taiwan (Chinese) ($X per unit), while the average price for exports to the UK ($X per unit) and Thailand ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+3.0%), while the prices for the other major destinations experienced more modest paces of growth.

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Non-Enclosed Loudspeakers Imports

Imports into Israel

In 2021, supplies from abroad of loudspeakers (not in enclosure) was finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. Over the period under review, total imports indicated strong growth from 2012 to 2021: its volume increased at an average annual rate of +7.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when imports increased by 36%. Imports peaked at X units in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

In value terms, non-enclosed loudspeakers imports soared to $X in 2021. In general, total imports indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +10.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +22.2% against 2018 indices. The growth pace was the most rapid in 2014 with an increase of 40% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are likely to see gradual growth in the near future.

Imports by Country

In 2021, China (X units) constituted the largest non-enclosed loudspeakers supplier to Israel, accounting for a 63% share of total imports. Moreover, non-enclosed loudspeakers imports from China exceeded the figures recorded by the second-largest supplier, Vietnam (X units), more than tenfold. The third position in this ranking was held by Mexico (X units), with a 3.6% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +16.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+74.9% per year) and Mexico (+40.3% per year).

In value terms, China ($X) constituted the largest supplier of loudspeakers (not in enclosure) to Israel, comprising 64% of total imports. The second position in the ranking was held by Vietnam ($X), with a 5.2% share of total imports. It was followed by Mexico, with a 3.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +20.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+81.7% per year) and Mexico (+45.2% per year).

Import Prices by Country

The average non-enclosed loudspeakers import price stood at $X per unit in 2021, waning by -1.8% against the previous year. Over the last nine years, it increased at an average annual rate of +3.3%. The growth pace was the most rapid in 2020 when the average import price increased by 16% against the previous year. As a result, import price reached the peak level of $X per unit, and then dropped modestly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Vietnam ($X per unit), while the price for the United Arab Emirates ($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 United Arab Emirates (+32.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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