Luxembourg: Non-Enclosed Loudspeakers Market 2024

Non-Enclosed Loudspeakers Market Size in Luxembourg

The Luxembourg non-enclosed loudspeakers market rose sharply to $X in 2021, surging by 11% against the previous year. The market value increased at an average annual rate of +1.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2016 to 2021, the growth of the market remained at a somewhat lower figure.

Non-Enclosed Loudspeakers Production in Luxembourg

In value terms, non-enclosed loudspeakers production amounted to $X in 2021 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 74%. Over the period under review, production attained the maximum level at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Non-Enclosed Loudspeakers Exports

Exports from Luxembourg

After three years of growth, overseas shipments of loudspeakers (not in enclosure) decreased by -39.3% to X units in 2021. In general, exports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 2,169%. As a result, the exports reached the peak of X units. From 2014 to 2021, the growth of the exports remained at a lower figure.

In value terms, non-enclosed loudspeakers exports declined markedly to $X in 2021. Over the period under review, exports showed a perceptible decline. The growth pace was the most rapid in 2013 when exports increased by 843%. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Costa Rica (X units), Oman (X units) and Germany (X units) were the main destinations of non-enclosed loudspeakers exports from Luxembourg, together accounting for 63% of total exports. The UK, Tunisia, South Korea, Belgium, Turkey and Qatar lagged somewhat behind, together comprising a further 10%.

From 2012 to 2021, the biggest increases were recorded for South Korea (with a CAGR of +250.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for non-enclosed loudspeakers exported from Luxembourg were the UK ($X), Oman ($X) and Costa Rica ($X), together accounting for 44% of total exports. Tunisia, Germany, Belgium, South Korea, Qatar and Turkey lagged somewhat behind, together accounting for a further 12%.

Among the main countries of destination, South Korea, with a CAGR of +540.5%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average non-enclosed loudspeakers export price stood at $X per unit in 2021, picking up by 7.7% against the previous year. In general, the export price, however, faced a sharp slump. The growth pace was the most rapid in 2014 an increase of 46%. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was the UK ($X per unit), while the average price for exports to Turkey ($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 South Korea (+83.9%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Enclosed Loudspeakers Imports

Imports into Luxembourg

Non-enclosed loudspeakers imports into Luxembourg soared to X units in 2021, picking up by 148% compared with 2020 figures. Overall, imports saw a resilient expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, non-enclosed loudspeakers imports surged to $X in 2021. In general, imports, however, showed a noticeable reduction. The pace of growth appeared the most rapid in 2013 with an increase of 85% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Belgium (X units), France (X units) and Germany (X units) were the main suppliers of non-enclosed loudspeakers imports to Luxembourg, with a combined 74% share of total imports. These countries were followed by Hungary, the United States, China and the Netherlands, which together accounted for a further 21%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Hungary (with a CAGR of +125.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest non-enclosed loudspeakers suppliers to Luxembourg were Belgium ($X), France ($X) and Germany ($X), with a combined 91% share of total imports. The Netherlands, China, the United States and Hungary lagged somewhat behind, together comprising a further 4.6%.

In terms of the main suppliers, Hungary, with a CAGR of +52.8%, saw 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 non-enclosed loudspeakers import price stood at $X per unit in 2021, falling by -39.3% against the previous year. In general, the import price showed a drastic downturn. The growth pace was the most rapid in 2013 when the average import price increased by 80% against the previous year. As a result, import price attained the peak level of $X per unit. From 2014 to 2021, the average import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Belgium ($X per unit), while the price for Hungary ($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 States (-3.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :