South-Eastern Asia: Loudspeaker Market 2024

Loudspeaker Market Size in South-Eastern Asia

In 2023, after two years of growth, there was significant decline in the Southeast Asian loudspeaker market, when its value decreased by X% to $X. The total consumption indicated a noticeable increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2020 indices. The level of consumption peaked at $X in 2016; however, from 2017 to 2023, consumption failed to regain momentum.

Loudspeaker Production in South-Eastern Asia

In value terms, loudspeaker production amounted to $X in 2023 estimated in export price. The total production indicated a buoyant expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2021 indices. The growth pace was the most rapid in 2014 with an increase of X%. Over the period under review, production attained the peak level at $X in 2016; however, from 2017 to 2023, production failed to regain momentum.

Loudspeaker Exports

Exports in South-Eastern Asia

In 2023, loudspeaker exports in South-Eastern Asia surged to X units, with an increase of X% compared with the previous year's figure. Total exports indicated a remarkable increase from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 when exports increased by X%. Over the period under review, the exports attained the maximum in 2023 and are likely to see steady growth in the immediate term.

In value terms, loudspeaker exports shrank to $X in 2023. In general, exports posted buoyant growth. The pace of growth was the most pronounced in 2014 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2022, and then dropped in the following year.

Exports by Country

In 2023, Vietnam (X units) and Thailand (X units) were the largest exporters of loudspeakers in South-Eastern Asia, together recording near X% of total exports. Singapore (X units) took the next position in the ranking, distantly followed by Malaysia (X units). All these countries together took approx. X% share of total exports. Indonesia (X units) and Myanmar (X units) held a minor share of total exports.

From 2012 to 2023, the biggest increases were recorded for Myanmar (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X) remains the largest loudspeaker supplier in South-Eastern Asia, comprising X% of total exports. The second position in the ranking was held by Malaysia ($X), with a X% share of total exports. It was followed by Thailand, with a X% share.

In Vietnam, loudspeaker exports increased at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Malaysia (X% per year) and Thailand (X% per year).

Export Prices by Country

The export price in South-Eastern Asia stood at $X per unit in 2023, dropping by X% against the previous year. Export price indicated a noticeable increase from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. The level of export peaked at $X per unit in 2022, and then shrank remarkably in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Malaysia ($X per unit), while Singapore ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Vietnam (X%), while the other leaders experienced more modest paces of growth.

Loudspeaker Imports

Imports in South-Eastern Asia

In 2023, after three years of growth, there was significant decline in supplies from abroad of loudspeakers, when their volume decreased by X% to X units. Over the period under review, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when imports increased by X%. The volume of import peaked at X units in 2014; however, from 2015 to 2023, imports remained at a lower figure.

In value terms, loudspeaker imports contracted to $X in 2023. Total imports indicated a resilient increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2017 when imports increased by X%. The level of import peaked at $X in 2022, and then declined in the following year.

Imports by Country

Vietnam (X units) and Thailand (X units) were the largest importers of loudspeakers in 2023, recording near X% and X% of total imports, respectively. Malaysia (X units) held the next position in the ranking, followed by Indonesia (X units) and the Philippines (X units). All these countries together held near X% share of total imports. Singapore (X units) followed a long way behind the leaders.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Thailand (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest loudspeaker importing markets in South-Eastern Asia were Vietnam ($X), Thailand ($X) and Malaysia ($X), together accounting for X% of total imports. Indonesia, Singapore and the Philippines lagged somewhat behind, together comprising a further X%.

Among the main importing countries, the Philippines, with a CAGR of X%, recorded the highest rates of growth with regard to 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

In 2023, the import price in South-Eastern Asia amounted to $X per unit, rising by X% against the previous year. Over the period under review, the import price posted a buoyant increase. The growth pace was the most rapid in 2017 an increase of X%. Over the period under review, import prices attained the peak figure at $X per unit in 2019; however, from 2020 to 2023, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Singapore ($X per unit), while Malaysia ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Singapore (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform