Switzerland: Non-Enclosed Loudspeakers Market 2024

Non-Enclosed Loudspeakers Market Size in Switzerland

The Swiss non-enclosed loudspeakers market rose remarkably to $X in 2021, with an increase of 12% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, the total consumption indicated noticeable growth from 2012 to 2021: its value increased at an average annual rate of +4.8% 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 +21.9% against 2017 indices. Non-enclosed loudspeakers consumption peaked at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Non-Enclosed Loudspeakers Exports

Exports from Switzerland

After two years of growth, overseas shipments of loudspeakers (not in enclosure) decreased by -84.8% to X units in 2021. Overall, exports saw a deep reduction. The most prominent rate of growth was recorded in 2014 when exports increased by 111%. The exports peaked at X units in 2020, and then declined sharply in the following year.

In value terms, non-enclosed loudspeakers exports plummeted to $X in 2021. Over the period under review, exports continue to indicate a abrupt decrease. The growth pace was the most rapid in 2013 when exports increased by 40% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Germany (X units) was the main destination for non-enclosed loudspeakers exports from Switzerland, with a 40% share of total exports. Moreover, non-enclosed loudspeakers exports to Germany exceeded the volume sent to the second major destination, the United States (X units), fourfold. The third position in this ranking was taken by the Netherlands (X units), with an 8.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany totaled -6.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-11.6% per year) and the Netherlands (-19.9% per year).

In value terms, Germany ($X) remains the key foreign market for loudspeakers (not in enclosure) exports from Switzerland, comprising 32% of total exports. The second position in the ranking was held by the United States ($X), with an 11% share of total exports. It was followed by the Netherlands, with an 8.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany totaled -6.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-4.4% per year) and the Netherlands (-18.0% per year).

Export Prices by Country

The average non-enclosed loudspeakers export price stood at $X per unit in 2021, rising by 293% against the previous year. In general, the export price showed a relatively flat trend pattern. The export price peaked at $X per unit in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Austria ($X per unit), while the average price for exports to the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Croatia (+316.6%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Enclosed Loudspeakers Imports

Imports into Switzerland

In 2021, purchases abroad of loudspeakers (not in enclosure) decreased by -8.2% to X units for the first time since 2018, thus ending a two-year rising trend. Overall, imports, however, recorded a strong increase. The most prominent rate of growth was recorded in 2014 when imports increased by 101% against the previous year. As a result, imports attained the peak of X units. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, non-enclosed loudspeakers imports declined to $X in 2021. In general, imports continue to indicate a perceptible decrease. The most prominent rate of growth was recorded in 2020 with an increase of 15% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of non-enclosed loudspeakers to Switzerland, accounting for a 59% share of total imports. Moreover, non-enclosed loudspeakers imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), twofold. France (X units) ranked third in terms of total imports with a 2.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +8.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+10.7% per year) and France (+11.7% per year).

In value terms, the largest non-enclosed loudspeakers suppliers to Switzerland were Germany ($X), China ($X) and France ($X), with a combined 63% share of total imports. The United States, Taiwan (Chinese) and Vietnam lagged somewhat behind, together accounting for a further 6.6%.

In terms of the main suppliers, Vietnam, with a CAGR of +8.1%, 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 mixed trend patterns.

Import Prices by Country

In 2021, the average non-enclosed loudspeakers import price amounted to $X per unit, remaining constant against the previous year. In general, the import price, however, continues to indicate a drastic downturn. The most prominent rate of growth was recorded in 2015 an increase of 86% against the previous year. Over the period under review, average import prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+2.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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