Israel: Loudspeaker Market 2024

Loudspeaker Market Size in Israel

The Israeli loudspeaker market surged to $X in 2021, jumping by 55% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption showed a strong expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Loudspeaker Exports

Exports from Israel

In 2021, approx. X units of single loudspeakers (in enclosure) were exported from Israel; increasing by 69% compared with 2020 figures. Over the period under review, exports recorded a significant increase. The most prominent rate of growth was recorded in 2015 with an increase of 1,441%. The exports peaked at X units in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, loudspeaker exports skyrocketed to $X in 2021. Overall, exports showed a significant expansion. The most prominent rate of growth was recorded in 2015 with an increase of 1,740% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X units) was the main destination for loudspeaker exports from Israel, accounting for a 32% share of total exports. Moreover, loudspeaker exports to the United States exceeded the volume sent to the second major destination, the Netherlands (X units), threefold. Sweden (X units) ranked third in terms of total exports with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States stood at +49.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+37.3% per year) and Sweden (0.0% per year).

In value terms, the United States ($X) remains the key foreign market for single loudspeakers (in enclosure) exports from Israel, comprising 30% of total exports. The second position in the ranking was held by the Netherlands ($X), with an 11% share of total exports. It was followed by Sweden, with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States stood at +51.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+37.7% per year) and Sweden (0.0% per year).

Export Prices by Country

In 2021, the average loudspeaker export price amounted to $X per unit, falling by -26.8% against the previous year. Overall, the export price showed a abrupt setback. The most prominent rate of growth was recorded in 2014 an increase of 31% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Spain ($X per unit), while the average price for exports to Sweden ($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 Spain (+22.4%), while the prices for the other major destinations experienced more modest paces of growth.

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Loudspeaker Imports

Imports into Israel

In 2021, purchases abroad of single loudspeakers (in enclosure) increased by 94% to X units for the first time since 2018, thus ending a two-year declining trend. In general, imports showed a strong expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, loudspeaker imports soared to $X in 2021. Overall, imports continue to indicate a buoyant increase. The pace of growth was the most pronounced in 2017 when imports increased by 42%. Over the period under review, imports hit record highs in 2021 and are likely to see gradual growth in the near future.

Imports by Country

In 2021, China (X units) constituted the largest supplier of loudspeaker to Israel, accounting for a 69% share of total imports. Moreover, loudspeaker imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), more than tenfold. Hong Kong SAR (X units) ranked third in terms of total imports with a 5.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +17.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+5.0% per year) and Hong Kong SAR (+6.8% per year).

In value terms, China ($X) constituted the largest supplier of single loudspeakers (in enclosure) to Israel, comprising 68% of total imports. The second position in the ranking was held by the United States ($X), with a 6.4% share of total imports. It was followed by Hong Kong SAR, with a 5.1% share.

From 2012 to 2021, the average annual growth rate of value from China amounted to +21.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+8.6% per year) and Hong Kong SAR (+10.5% per year).

Import Prices by Country

The average loudspeaker import price stood at $X per unit in 2021, declining by -28.7% against the previous year. In general, import price indicated a notable expansion from 2012 to 2021: its price increased at an average annual rate of +3.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2015 an increase of 25%. The import price peaked at $X per unit in 2017; however, from 2018 to 2021, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2021, the highest price was recorded for prices from Switzerland ($X per unit) and the Netherlands ($X per unit), while the price for Germany ($X per unit) and the United States ($X per unit) were amongst the lowest.

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

Source: IndexBox Platform

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