MENA: Multiple Loudspeakers Market 2024

Multiple Loudspeakers Market Size in MENA

The MENA's multiple loudspeakers market dropped modestly to $X in 2021, standing approx. at the previous year. The total consumption indicated a tangible expansion from 2012 to 2021: its value increased at an average annual rate of +4.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +16.6% against 2019 indices. The level of consumption peaked at $X in 2016; however, from 2017 to 2021, consumption remained at a lower figure.

Multiple Loudspeakers Production in MENA

In value terms, multiple loudspeakers production fell to $X in 2021 estimated in export price. Overall, production, however, recorded buoyant growth. The most prominent rate of growth was recorded in 2015 with an increase of 122% against the previous year. The level of production peaked at $X in 2017; however, from 2018 to 2021, production stood at a somewhat lower figure.

Multiple Loudspeakers Exports

Exports in MENA

Multiple loudspeakers exports soared to X units in 2021, growing by 39% against the year before. Overall, exports enjoyed strong growth. The pace of growth appeared the most rapid in 2015 when exports increased by 71% against the previous year. The volume of export peaked in 2021 and is likely to see steady growth in the near future.

In value terms, multiple loudspeakers exports contracted to $X in 2021. In general, exports showed a strong increase. The pace of growth appeared the most rapid in 2015 with an increase of 53%. Over the period under review, the exports attained the maximum at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

In 2021, the United Arab Emirates (X units) was the main exporter of multiple loudspeakers (in enclosure), creating 57% of total exports. It was distantly followed by Turkey (X units), achieving a 36% share of total exports. Israel (X units) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Israel (with a CAGR of +40.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), Turkey ($X) and Israel ($X) constituted the countries with the highest levels of exports in 2021, with a combined 91% share of total exports.

Israel, with a CAGR of +52.0%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in MENA stood at $X per unit in 2021, falling by -32.3% against the previous year. In general, the export price saw a abrupt contraction. The most prominent rate of growth was recorded in 2014 when the export price increased by 45% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2015 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Israel ($X per unit), while the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Israel (+8.3%), while the other leaders experienced mixed trends in the export price figures.

Multiple Loudspeakers Imports

Imports in MENA

In 2021, supplies from abroad of multiple loudspeakers (in enclosure) increased by 39% to X units for the first time since 2018, thus ending a two-year declining trend. Over the period under review, imports, however, recorded a pronounced shrinkage. The volume of import peaked at X units in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, multiple loudspeakers imports soared to $X in 2021. The total import value increased at an average annual rate of +4.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The United Arab Emirates (X units) and Turkey (X units) prevails in imports structure, together making up 73% of total imports. Israel (X units) ranks next in terms of the total imports with a 6.1% share, followed by Iraq (4.6%). The following importers - Iran (X units), Kuwait (X units) and Tunisia (X units) - together made up 7.9% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Iraq (with a CAGR of +15.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported multiple loudspeakers (in enclosure) in MENA, comprising 46% of total imports. The second position in the ranking was taken by Israel ($X), with a 13% share of total imports. It was followed by Turkey, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value in the United Arab Emirates stood at +6.1%. In the other countries, the average annual rates were as follows: Israel (+16.6% per year) and Turkey (-2.2% per year).

Import Prices by Country

The import price in MENA stood at $X per unit in 2021, rising by 8.9% against the previous year. Import price indicated a strong increase from 2012 to 2021: its price increased at an average annual rate of +7.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, multiple loudspeakers import price decreased by -4.9% against 2019 indices. The growth pace was the most rapid in 2017 an increase of 25% against the previous year. The level of import peaked at $X per unit in 2019; however, from 2020 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Israel (+14.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :