Report Update Apr 1, 2024

Kenya - Single Loudspeakers (In Enclosure) - Market Analysis, Forecast, Size, Trends and Insights

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Kenya: Loudspeaker Market 2024

Loudspeaker Market Size in Kenya

The Kenyan loudspeaker market rose rapidly to $X in 2021, surging by 15% 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 saw a significant expansion. Over the period under review, the market hit record highs in 2021 and is likely to see gradual growth in the near future.

Loudspeaker Exports

Exports from Kenya

In 2021, the amount of single loudspeakers (in enclosure) exported from Kenya surged to X units, growing by 394% compared with 2020. Overall, exports enjoyed a strong increase. The growth pace was the most rapid in 2015 when exports increased by 397%. Over the period under review, the exports reached the peak figure at X units in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, loudspeaker exports surged to $X in 2021. In general, exports recorded a strong increase. The most prominent rate of growth was recorded in 2015 with an increase of 349% against the previous year. As a result, the exports reached the peak of $X. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X units) was the main destination for loudspeaker exports from Kenya, accounting for a 20% share of total exports. Moreover, loudspeaker exports to the United Arab Emirates exceeded the volume sent to the second major destination, Ethiopia (X units), fourfold. Hong Kong SAR (X units) ranked third in terms of total exports with a 4.9% share.

From 2012 to 2021, the average annual growth rate of volume to the United Arab Emirates was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Ethiopia (+23.2% per year) and Hong Kong SAR (+23.1% per year).

In value terms, the largest markets for loudspeaker exported from Kenya were the United Arab Emirates ($X), Malawi ($X) and Hong Kong SAR ($X), together accounting for 12% of total exports. These countries were followed by Ethiopia, Democratic Republic of the Congo, Madagascar, Germany and Thailand, which together accounted for a further 3.3%.

Ethiopia, with a CAGR of +25.9%, recorded the highest rates of growth with regard to 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 2021, reducing by -32% against the previous year. Over the period under review, the export price faced a abrupt curtailment. The most prominent rate of growth was recorded in 2017 when the average export price increased by 228% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2018 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Malawi ($X per unit), while the average price for exports to the United Arab Emirates ($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 Costa Rica (+59.8%), while the prices for the other major destinations experienced mixed trend patterns.

Loudspeaker Imports

Imports into Kenya

In 2021, supplies from abroad of single loudspeakers (in enclosure) increased by 12% to X units, rising for the third year in a row after two years of decline. Over the period under review, imports showed a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 820%. Over the period under review, imports hit record highs in 2021 and are likely to continue growth in the immediate term.

In value terms, loudspeaker imports soared to $X in 2021. In general, imports saw resilient growth. The pace of growth appeared the most rapid in 2016 with an increase of 1,168%. Imports peaked in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, China (X units) was the main supplier of loudspeaker to Kenya, with a 95% share of total imports. It was followed by the United Arab Emirates (X units), with a 2.5% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from China totaled +31.8%.

In value terms, China ($X) constituted the largest supplier of single loudspeakers (in enclosure) to Kenya, comprising 85% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 3.2% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +17.8%.

Import Prices by Country

The average loudspeaker import price stood at $X per unit in 2021, increasing by 8.5% against the previous year. Over the period under review, the import price, however, recorded a abrupt decrease. The most prominent rate of growth was recorded in 2017 an increase of 45% against the previous year. The import price peaked at $X per unit in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, the country with the highest price was the United Arab Emirates ($X per unit), while the price for China totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+1.0%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for single loudspeakers (in enclosure) in the world?

The countries with the highest volumes of consumption in 2021 were Belgium, Germany and Indonesia, together comprising 34% of global consumption. Japan, the United States, Mexico, Hungary, Vietnam, France, South Korea, Brazil, Slovakia and Spain lagged somewhat behind, together comprising a further 34%.

What are the largest producers of single loudspeakers (in enclosure) in the world?

The country with the largest volume of loudspeaker production was China, comprising approx. 47% of total volume. Moreover, loudspeaker production in China exceeded the figures recorded by the second-largest producer, Belgium, twofold. Indonesia ranked third in terms of total production with a 10% share.

What are the leading suppliers of single loudspeakers (in enclosure) to Kenya?

In value terms, China constituted the largest supplier of single loudspeakers in enclosure) to Kenya, comprising 85% of total imports. The second position in the ranking was taken by the United Arab Emirates, with a 3.2% share of total imports.

What are the leading importers of single loudspeakers (in enclosure) from Kenya?

In value terms, the United Arab Emirates $795), Malawi $456) and Hong Kong SAR $251) were the largest markets for loudspeaker exported from Kenya worldwide, with a combined 12% share of total exports. These countries were followed by Ethiopia, Democratic Republic of the Congo, Madagascar, Germany and Thailand, which together accounted for a further 3.3%.

What is the average export price for single loudspeakers (in enclosure) in Kenya?

The average loudspeaker export price stood at $46 per unit in 2021, which is down by -32% against the previous year.

What is the average import price for single loudspeakers (in enclosure) in Kenya?

In 2021, the average loudspeaker import price amounted to $3.7 per unit, increasing by 8.5% against the previous year.

This report provides an in-depth analysis of the loudspeaker market in Kenya. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 26404235 - Single loudspeakers mounted in their enclosures (including frames or cabinets mainly designed for mounting loudspeakers)

Country coverage:

Kenya

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Kenya
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023