South-Eastern Asia: Multiple Loudspeakers Market 2024

Multiple Loudspeakers Market Size in South-Eastern Asia

In 2021, the Southeast Asian multiple loudspeakers market decreased by -0.7% to $X, falling for the third consecutive year after four years of growth. Overall, consumption showed a prominent expansion. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Multiple Loudspeakers Production in South-Eastern Asia

In value terms, multiple loudspeakers production skyrocketed to $X in 2021 estimated in export price. In general, production saw strong growth. The pace of growth was the most pronounced in 2017 when the production volume increased by 55%. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

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Multiple Loudspeakers Exports

Exports in South-Eastern Asia

In 2021, shipments abroad of multiple loudspeakers (in enclosure) increased by 49% to X units, rising for the second consecutive year after two years of decline. Overall, exports showed a buoyant expansion. The pace of growth appeared the most rapid in 2014 with an increase of 67% against the previous year. The volume of export peaked at X units in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, multiple loudspeakers exports surged to $X in 2021. Over the period under review, exports saw a resilient expansion. The pace of growth was the most pronounced in 2014 when exports increased by 35%. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in the near future.

Exports by Country

Malaysia was the largest exporting country with an export of around X units, which accounted for 61% of total exports. Thailand (X units) held an 18% share (based on physical terms) of total exports, which put it in second place, followed by Vietnam (13%) and Singapore (4.7%). Indonesia (X units) followed a long way behind the leaders.

Exports from Malaysia increased at an average annual rate of +9.6% from 2012 to 2021. At the same time, Thailand (+104.1%), Vietnam (+43.7%), Singapore (+9.4%) and Indonesia (+5.9%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of +104.1% from 2012-2021. Thailand (+18 p.p.) and Vietnam (+12 p.p.) significantly strengthened its position in terms of the total exports, while Singapore, Indonesia and Malaysia saw its share reduced by -2%, -2.9% and -24.1% from 2012 to 2021, respectively.

In value terms, the largest multiple loudspeakers supplying countries in South-Eastern Asia were Malaysia ($X), Vietnam ($X) and Thailand ($X), with a combined 87% share of total exports.

Thailand, with a CAGR of +83.6%, saw the highest growth rate of 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

In 2021, the export price in South-Eastern Asia amounted to $X per unit, dropping by -14.3% against the previous year. In general, the export price saw a mild contraction. The pace of growth was the most pronounced in 2019 when the export price increased by 45% against the previous year. The level of export peaked at $X per unit in 2020, and then contracted in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (-1.2%), while the other leaders experienced a decline in the export price figures.

Multiple Loudspeakers Imports

Imports in South-Eastern Asia

After two years of decline, purchases abroad of multiple loudspeakers (in enclosure) increased by 6.8% to X units in 2021. Total imports indicated a temperate expansion from 2012 to 2021: its volume increased at an average annual rate of +4.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -9.4% against 2018 indices. The most prominent rate of growth was recorded in 2015 with an increase of 42% against the previous year. Over the period under review, imports reached the peak figure at X units in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, multiple loudspeakers imports fell to $X in 2021. Total imports indicated a perceptible expansion from 2012 to 2021: its value increased at an average annual rate of +4.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -24.2% against 2019 indices. The growth pace was the most rapid in 2018 when imports increased by 32%. Over the period under review, imports attained the maximum at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Thailand (X units) was the largest importer of multiple loudspeakers (in enclosure), achieving 54% of total imports. Malaysia (X units) ranks second in terms of the total imports with a 12% share, followed by the Philippines (10%), Indonesia (8.6%), Vietnam (6.9%) and Singapore (6.9%).

Thailand was also the fastest-growing in terms of the multiple loudspeakers (in enclosure) imports, with a CAGR of +19.3% from 2012 to 2021. At the same time, the Philippines (+12.0%) and Vietnam (+7.5%) displayed positive paces of growth. By contrast, Singapore (-4.9%), Indonesia (-5.0%) and Malaysia (-7.0%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Thailand, the Philippines and Vietnam increased by +38, +4.8 and +1.5 percentage points, respectively.

In value terms, the largest multiple loudspeakers importing markets in South-Eastern Asia were Thailand ($X), Singapore ($X) and Vietnam ($X), together accounting for 60% of total imports. These countries were followed by Malaysia, the Philippines and Indonesia, which together accounted for a further 36%.

In terms of the main importing countries, the Philippines, with a CAGR of +18.3%, 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 more modest paces of growth.

Import Prices by Country

The import price in South-Eastern Asia stood at $X per unit in 2021, waning by -14.3% against the previous year. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the import price increased by 18%. The level of import peaked at $X per unit in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+12.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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