Switzerland: Loudspeaker Market 2024

Loudspeaker Market Size in Switzerland

In 2021, the Swiss loudspeaker market decreased by -24% to $X for the first time since 2014, thus ending a six-year rising trend. Overall, consumption, however, showed a remarkable increase. As a result, consumption attained the peak level of $X, and then fell remarkably in the following year.

Loudspeaker Production in Switzerland

In value terms, loudspeaker production dropped remarkably to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 213% against the previous year. As a result, production reached the peak level of $X, and then shrank significantly in the following year.

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Loudspeaker Exports

Exports from Switzerland

In 2021, approx. X units of single loudspeakers (in enclosure) were exported from Switzerland; increasing by 129% against the year before. In general, exports recorded a strong increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, loudspeaker exports skyrocketed to $X in 2021. Overall, exports recorded resilient growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

France (X units) was the main destination for loudspeaker exports from Switzerland, accounting for a 70% share of total exports. Moreover, loudspeaker exports to France exceeded the volume sent to the second major destination, Germany (X units), eightfold. The Netherlands (X units) ranked third in terms of total exports with a 3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to France totaled +42.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+4.4% per year) and the Netherlands (-4.5% per year).

In value terms, France ($X) emerged as the key foreign market for single loudspeakers (in enclosure) exports from Switzerland, comprising 67% of total exports. The second position in the ranking was held by South Korea ($X), with a 9.6% share of total exports. It was followed by Germany, with a 6% share.

From 2012 to 2021, the average annual rate of growth in terms of value to France amounted to +41.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+11.1% per year) and Germany (+9.1% per year).

Export Prices by Country

The average loudspeaker export price stood at $X per unit in 2021, jumping by 26% against the previous year. Overall, the export price recorded slight growth. The growth pace was the most rapid in 2014 when the average export price increased by 35% against the previous year. Over the period under review, the average export prices attained the peak figure in 2021 and is expected to retain growth in years to come.

Prices varied noticeably country of destination: the country with the highest price was South Korea ($X per unit), while the average price for exports to India ($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 Germany (+4.6%), while the prices for the other major destinations experienced mixed trend patterns.

Loudspeaker Imports

Imports into Switzerland

In 2021, overseas purchases of single loudspeakers (in enclosure) were finally on the rise to reach X units after two years of decline. In general, total imports indicated a prominent increase from 2012 to 2021: its volume increased at an average annual rate of +8.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 with an increase of 39% against the previous year. As a result, imports attained the peak of X units. From 2019 to 2021, the growth of imports remained at a lower figure.

In value terms, loudspeaker imports dropped to $X in 2021. Overall, imports showed a resilient expansion. The pace of growth was the most pronounced in 2016 when imports increased by 108%. Imports peaked at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest loudspeaker supplier to Switzerland, with a 79% share of total imports. Moreover, loudspeaker imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), sevenfold.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +12.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+1.0% per year) and the Netherlands (+7.2% per year).

In value terms, China ($X) constituted the largest supplier of single loudspeakers (in enclosure) to Switzerland, comprising 61% of total imports. The second position in the ranking was taken by Germany ($X), with a 19% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +14.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-1.0% per year) and the Netherlands (+11.2% per year).

Import Prices by Country

The average loudspeaker import price stood at $X per unit in 2021, shrinking by -25.5% against the previous year. In general, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 an increase of 56% against the previous year. The import price peaked at $X per unit in 2017; however, from 2018 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 Germany ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+3.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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