Italy: Loudspeaker Market 2024

Loudspeaker Market Size in Italy

In 2023, after four years of growth, there was significant decline in the Italian loudspeaker market, when its value decreased by X% to $X. In general, consumption, however, continues to indicate a buoyant expansion. As a result, consumption reached the peak level of $X, and then declined markedly in the following year.

Loudspeaker Production in Italy

In value terms, loudspeaker production dropped sharply to $X in 2023 estimated in export price. Overall, production continues to indicate a abrupt contraction. The growth pace was the most rapid in 2022 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2023, production stood at a somewhat lower figure.

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Loudspeaker Exports

Exports from Italy

Loudspeaker exports from Italy reduced slightly to X units in 2023, falling by X% compared with the previous year's figure. Over the period under review, exports continue to indicate a deep downturn. The pace of growth was the most pronounced in 2015 when exports increased by X% against the previous year. As a result, the exports reached the peak of X units. From 2016 to 2023, the growth of the exports failed to regain momentum.

In value terms, loudspeaker exports skyrocketed to $X in 2023. Overall, total exports indicated buoyant growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2022 when exports increased by X%. Over the period under review, the exports reached the maximum in 2023 and are likely to continue growth in the near future.

Exports by Country

Germany (X units), France (X units) and Spain (X units) were the main destinations of loudspeaker exports from Italy, with a combined X% share of total exports. Mexico, the United States, the UK, Slovakia, the Czech Republic, Poland, China, Brazil, Tunisia and Turkey lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the biggest increases were recorded for Tunisia (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for loudspeaker exported from Italy were the United States ($X), Germany ($X) and France ($X), together accounting for X% of total exports.

The United States, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average loudspeaker export price stood at $X per unit in 2023, jumping by X% against the previous year. In general, the export price showed a strong expansion. The growth pace was the most rapid in 2020 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs in 2023 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major overseas markets. In 2023, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Tunisia ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to France (X%), while the prices for the other major destinations experienced more modest paces of growth.

Loudspeaker Imports

Imports into Italy

In 2023, supplies from abroad of loudspeakers decreased by X% to X units for the first time since 2020, thus ending a two-year rising trend. Over the period under review, imports recorded a perceptible contraction. The most prominent rate of growth was recorded in 2022 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X units in 2015; however, from 2016 to 2023, imports stood at a somewhat lower figure.

In value terms, loudspeaker imports fell remarkably to $X in 2023. Overall, total imports indicated a remarkable increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2019 indices. The pace of growth appeared the most rapid in 2022 with an increase of X% against the previous year. As a result, imports attained the peak of $X, and then reduced rapidly in the following year.

Imports by Country

In 2023, China (X units) constituted the largest loudspeaker supplier to Italy, with a X% share of total imports. Moreover, loudspeaker imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), fivefold. The third position in this ranking was taken by Poland (X units), with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Poland (X% per year).

In value terms, the largest loudspeaker suppliers to Italy were Germany ($X), China ($X) and the Netherlands ($X), with a combined X% share of total imports. Belgium, France, Poland and Greece lagged somewhat behind, together accounting for a further X%.

Greece, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average loudspeaker import price stood at $X per unit in 2023, dropping by X% against the previous year. Over the period under review, the import price, however, saw strong growth. The most prominent rate of growth was recorded in 2019 when the average import price increased by X%. Over the period under review, average import prices attained the maximum at $X per unit in 2022, and then shrank in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($X per unit), while the price for Poland ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Poland (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform