MERCOSUR: Non-Enclosed Loudspeakers Market 2024

Non-Enclosed Loudspeakers Market Size in MERCOSUR

The MERCOSUR non-enclosed loudspeakers market surged to $X in 2021, jumping by 34% against the previous year. In general, consumption, however, showed a mild downturn. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Non-Enclosed Loudspeakers Production in MERCOSUR

In value terms, non-enclosed loudspeakers production soared to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a drastic downturn. The most prominent rate of growth was recorded in 2018 when the production volume increased by 128% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Non-Enclosed Loudspeakers Exports

Exports in MERCOSUR

In 2021, shipments abroad of loudspeakers (not in enclosure) increased by 24% to X units, rising for the second consecutive year after four years of decline. Overall, exports, however, saw a abrupt curtailment. The pace of growth appeared the most rapid in 2020 when exports increased by 75%. Over the period under review, the exports attained the maximum at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, non-enclosed loudspeakers exports surged to $X in 2021. Over the period under review, exports, however, saw a abrupt slump. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Brazil was the key exporting country with an export of around X units, which resulted at 59% of total exports. It was distantly followed by Chile (X units), achieving a 38% share of total exports. Paraguay (X units) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Brazil (with a CAGR of -8.3%), while the other leaders experienced a decline in the exports figures.

In value terms, Brazil ($X) remains the largest non-enclosed loudspeakers supplier in MERCOSUR, comprising 79% of total exports. The second position in the ranking was taken by Chile ($X), with a 19% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Brazil totaled -4.8%. In the other countries, the average annual rates were as follows: Chile (-10.5% per year) and Paraguay (-19.5% per year).

Export Prices by Country

In 2021, the export price in MERCOSUR amounted to $X per unit, surging by 39% against the previous year. Export price indicated a temperate increase from 2012 to 2021: its price increased at an average annual rate of +4.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2016 when the export price increased by 74%. The level of export peaked at $X per unit in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Paraguay (+3.9%), while the other leaders experienced more modest paces of growth.

Non-Enclosed Loudspeakers Imports

Imports in MERCOSUR

In 2021, overseas purchases of loudspeakers (not in enclosure) were finally on the rise to reach X units for the first time since 2017, thus ending a three-year declining trend. Overall, imports, however, saw a deep contraction. The volume of import peaked at X units in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, non-enclosed loudspeakers imports surged to $X in 2021. Over the period under review, imports, however, saw a deep downturn. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Brazil represented the major importing country with an import of about X units, which accounted for 60% of total imports. Argentina (X units) took a 26% share (based on physical terms) of total imports, which put it in second place, followed by Paraguay (5.3%). The following importers - Chile (X units) and Colombia (X units) - each accounted for a 6% share of total imports.

Imports into Brazil decreased at an average annual rate of -7.3% from 2012 to 2021. At the same time, Chile (+22.5%) displayed positive paces of growth. Moreover, Chile emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of +22.5% from 2012-2021. Argentina experienced a relatively flat trend pattern. By contrast, Colombia (-5.2%) and Paraguay (-24.8%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Argentina, Brazil and Chile increased by +15, +9.2 and +2.8 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest non-enclosed loudspeakers importing markets in MERCOSUR were Brazil ($X), Argentina ($X) and Chile ($X), together comprising 77% of total imports.

In terms of the main importing countries, Chile, with a CAGR of +14.0%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

The import price in MERCOSUR stood at $X per unit in 2021, growing by 7.6% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.6%. The most prominent rate of growth was recorded in 2016 an increase of 17%. Over the period under review, import prices hit record highs at $X per unit in 2019; however, from 2020 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Chile ($X per unit), while Brazil ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Colombia (+4.2%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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