Italy: Multiple Loudspeakers Market 2024

Multiple Loudspeakers Market Size in Italy

The Italian multiple loudspeakers market declined significantly to $X in 2021, which is down by -67.6% against the previous year. In general, consumption continues to indicate a abrupt setback. Multiple loudspeakers consumption peaked at $X in 2016; however, from 2017 to 2021, consumption failed to regain momentum.

Multiple Loudspeakers Production in Italy

In value terms, multiple loudspeakers production skyrocketed to $X in 2021 estimated in export price. Over the period under review, production, however, posted a resilient expansion. The pace of growth was the most pronounced in 2013 when the production volume increased by 141%. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2021, production stood at a somewhat lower figure.

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Multiple Loudspeakers Exports

Exports from Italy

Multiple loudspeakers exports from Italy surged to X units in 2021, rising by 25% compared with 2020. Over the period under review, exports showed a resilient expansion. The growth pace was the most rapid in 2019 when exports increased by 41%. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in the near future.

In value terms, multiple loudspeakers exports expanded significantly to $X in 2021. In general, total exports indicated a noticeable expansion from 2012 to 2021: its value increased at an average annual rate of +4.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -19.6% against 2019 indices. The growth pace was the most rapid in 2019 when exports increased by 20% against the previous year. As a result, the exports attained the peak of $X. From 2020 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Germany (X units), France (X units) and the Czech Republic (X units) were the main destinations of multiple loudspeakers exports from Italy, together accounting for 35% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Czech Republic (with a CAGR of +52.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for multiple loudspeakers exported from Italy were the United States ($X), Germany ($X) and France ($X), together comprising 35% of total exports. These countries were followed by China, the Czech Republic, Spain, the UK, the Netherlands, Hong Kong SAR, Israel, Poland, the United Arab Emirates and Belgium, which together accounted for a further 31%.

The Czech Republic, with a CAGR of +22.8%, saw the highest rates of growth with regard to the value of exports, among 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

In 2021, the average multiple loudspeakers export price amounted to $X per unit, dropping by -15.7% against the previous year. Over the period under review, the export price saw a abrupt curtailment. The most prominent rate of growth was recorded in 2014 when the average export price increased by 4.4%. As a result, the export price reached the peak level of $X per unit. From 2015 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was the United States ($X per unit), while the average price for exports to the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (-0.9%), while the prices for the other major destinations experienced a decline.

Multiple Loudspeakers Imports

Imports into Italy

For the sixth consecutive year, Italy recorded growth in supplies from abroad of multiple loudspeakers (in enclosure), which increased by 14% to X units in 2021. Overall, total imports indicated a prominent expansion from 2012 to 2021: its volume increased at an average annual rate of +7.9% 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 +83.4% against 2015 indices. The most prominent rate of growth was recorded in 2014 when imports increased by 38%. Imports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, multiple loudspeakers imports reached $X in 2021. The total import value increased at an average annual rate of +3.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when imports increased by 17%. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest multiple loudspeakers supplier to Italy, with a 51% share of total imports. Moreover, multiple loudspeakers imports from China exceeded the figures recorded by the second-largest supplier, the Netherlands (X units), twofold. The third position in this ranking was held by Germany (X units), with a 7.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +7.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+7.2% per year) and Germany (+19.5% per year).

In value terms, the largest multiple loudspeakers suppliers to Italy were China ($X), the Netherlands ($X) and Germany ($X), with a combined 70% share of total imports. These countries were followed by Belgium, France, Spain, the UK and Poland, which together accounted for a further 21%.

In terms of the main suppliers, Poland, with a CAGR of +62.3%, recorded the highest growth rate of 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 average multiple loudspeakers import price stood at $X per unit in 2021, waning by -2.2% against the previous year. Over the period under review, the import price saw a perceptible setback. The most prominent rate of growth was recorded in 2015 an increase of 42% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2016; however, from 2017 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Belgium ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+4.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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