MENA: Non-Enclosed Loudspeakers Market 2024

Non-Enclosed Loudspeakers Market Size in MENA

In 2021, the MENA's non-enclosed loudspeakers market increased by 10% to $X, rising for the second year in a row after two years of decline. The market value increased at an average annual rate of +1.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the peak level in 2021 and is expected to retain growth in the near future.

Non-Enclosed Loudspeakers Production in MENA

In value terms, non-enclosed loudspeakers production fell to $X in 2021 estimated in export price. The total production indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +5.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +14.1% against 2019 indices. The most prominent rate of growth was recorded in 2017 when the production volume increased by 68%. As a result, production attained the peak level of $X. From 2018 to 2021, production growth remained at a lower figure.

Non-Enclosed Loudspeakers Exports

Exports in MENA

In 2021, shipments abroad of loudspeakers (not in enclosure) increased by 56% to X units, rising for the second year in a row after three years of decline. In general, exports, however, continue to indicate a drastic downturn. The growth pace was the most rapid in 2015 with an increase of 219%. The volume of export peaked at X units in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, non-enclosed loudspeakers exports skyrocketed to $X in 2021. Overall, exports, however, continue to indicate a pronounced descent. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

In 2021, the United Arab Emirates (X units) was the largest exporter of loudspeakers (not in enclosure), generating 52% of total exports. It was distantly followed by Israel (X units), Lebanon (X units) and Turkey (X units), together committing a 46% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Lebanon (with a CAGR of +0.2%), while shipments for the other leaders experienced a decline in the exports figures.

In value terms, the United Arab Emirates ($X) remains the largest non-enclosed loudspeakers supplier in MENA, comprising 59% of total exports. The second position in the ranking was held by Israel ($X), with a 23% share of total exports. It was followed by Turkey, with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of value in the United Arab Emirates stood at -1.8%. The remaining exporting countries recorded the following average annual rates of exports growth: Israel (-11.0% per year) and Turkey (+4.4% per year).

Export Prices by Country

In 2021, the export price in MENA amounted to $X per unit, with an increase of 27% against the previous year. In general, the export price posted a tangible increase. The growth pace was the most rapid in 2019 an increase of 87%. Over the period under review, the export prices hit record highs in 2021 and is likely to see steady growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+8.4%), while the other leaders experienced more modest paces of growth.

Non-Enclosed Loudspeakers Imports

Imports in MENA

In 2021, supplies from abroad of loudspeakers (not in enclosure) was finally on the rise to reach X units after three years of decline. Over the period under review, imports, however, saw a mild decline. The most prominent rate of growth was recorded in 2017 with an increase of 35% against the previous year. As a result, imports reached the peak of X units. From 2018 to 2021, the growth of imports remained at a lower figure.

In value terms, non-enclosed loudspeakers imports soared to $X in 2021. In general, imports recorded a relatively flat trend pattern. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

Turkey represented the major importer of loudspeakers (not in enclosure) in MENA, with the volume of imports recording X units, which was approx. 35% of total imports in 2021. Israel (X units) held an 18% share (based on physical terms) of total imports, which put it in second place, followed by the United Arab Emirates (14%), Morocco (12%), Jordan (5.6%) and Egypt (4.5%). Iran (X units) took a relatively small share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Egypt (with a CAGR of +10.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest non-enclosed loudspeakers importing markets in MENA were the United Arab Emirates ($X), Turkey ($X) and Israel ($X), with a combined 74% share of total imports. These countries were followed by Iran, Morocco, Egypt and Jordan, which together accounted for a further 16%.

Egypt, with a CAGR of +13.2%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in MENA amounted to $X per unit, with an increase of 6.5% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.0%. The pace of growth was the most pronounced in 2020 when the import price increased by 25%. The level of import peaked in 2021 and is likely to continue growth in years to come.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was the United Arab Emirates ($X per unit), while Jordan ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Iran (+11.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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