Switzerland: Multiple Loudspeakers Market 2024

Multiple Loudspeakers Market Size in Switzerland

In 2021, the Swiss multiple loudspeakers market increased by 2.7% to $X, rising for the second consecutive year after two years of decline. Over the period under review, the total consumption indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +5.8% 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 +47.8% against 2019 indices. Multiple loudspeakers consumption peaked in 2021 and is likely to see steady growth in the immediate term.

Multiple Loudspeakers Production in Switzerland

In value terms, multiple loudspeakers production fell notably to $X in 2021 estimated in export price. Over the period under review, production recorded a sharp descent. Over the period under review, production attained the maximum level at $X in 2020, and then dropped dramatically in the following year.

Multiple Loudspeakers Exports

Exports from Switzerland

In 2021, overseas shipments of multiple loudspeakers (in enclosure) were finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. Over the period under review, exports, however, continue to indicate a pronounced slump. The most prominent rate of growth was recorded in 2013 when exports increased by 29% against the previous year. As a result, the exports attained the peak of X units. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, multiple loudspeakers exports soared to $X in 2021. The total export value increased at an average annual rate of +6.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of 41%. The exports peaked in 2021 and are likely to see steady growth in the near future.

Exports by Country

Germany (X units) was the main destination for multiple loudspeakers exports from Switzerland, accounting for a 61% share of total exports. Moreover, multiple loudspeakers exports to Germany exceeded the volume sent to the second major destination, the Netherlands (X units), sevenfold. France (X units) ranked third in terms of total exports with a 4% share.

From 2012 to 2021, the average annual growth rate of volume to Germany totaled +10.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (-3.8% per year) and France (-27.3% per year).

In value terms, Germany ($X) remains the key foreign market for multiple loudspeakers (in enclosure) exports from Switzerland, comprising 41% of total exports. The second position in the ranking was taken by the United States ($X), with an 8% share of total exports. It was followed by France, with a 6.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany totaled +14.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+25.9% per year) and France (-10.5% per year).

Export Prices by Country

In 2021, the average multiple loudspeakers export price amounted to $X per unit, with an increase of 6.1% against the previous year. In general, the export price saw a strong increase. The most prominent rate of growth was recorded in 2016 an increase of 87% against the previous year. Over the period under review, the average export prices reached the peak figure in 2021 and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was the United States ($X per unit), while the average price for exports to the Netherlands ($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 France (+23.2%), while the prices for the other major destinations experienced more modest paces of growth.

Multiple Loudspeakers Imports

Imports into Switzerland

In 2021, overseas purchases of multiple loudspeakers (in enclosure) increased by 11% to X units, rising for the second consecutive year after four years of decline. In general, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 with an increase of 27% against the previous year. As a result, imports attained the peak of X units. From 2016 to 2021, the growth of imports failed to regain momentum.

In value terms, multiple loudspeakers imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +4.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, imports attained the peak figure at $X in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of multiple loudspeakers to Switzerland, with a 73% share of total imports. Moreover, multiple loudspeakers imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), eightfold. The third position in this ranking was held by Hong Kong SAR (X units), with a 4.6% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +1.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-6.2% per year) and Hong Kong SAR (+40.7% per year).

In value terms, China ($X) constituted the largest supplier of multiple loudspeakers (in enclosure) to Switzerland, comprising 63% of total imports. The second position in the ranking was held by Germany ($X), with a 12% share of total imports. It was followed by the Netherlands, with a 3.2% share.

From 2012 to 2021, the average annual growth rate of value from China totaled +7.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-1.9% per year) and the Netherlands (+8.6% per year).

Import Prices by Country

In 2021, the average multiple loudspeakers import price amounted to $X per unit, picking up by 17% against the previous year. Over the last nine years, it increased at an average annual rate of +3.7%. The most prominent rate of growth was recorded in 2017 an increase of 22%. Over the period under review, average import prices hit record highs in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was France ($X per unit), while the price for Hong Kong SAR ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+10.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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