Thailand: Loudspeaker Market 2024

Loudspeaker Market Size in Thailand

In 2021, the Thai loudspeaker market decreased by -9.6% to $X for the first time since 2018, thus ending a two-year rising trend. Overall, consumption, however, enjoyed a strong expansion. As a result, consumption reached the peak level of $X, and then reduced in the following year.

Loudspeaker Production in Thailand

In value terms, loudspeaker production contracted remarkably to $X in 2021 estimated in export price. Over the period under review, production faced a dramatic curtailment. Over the period under review, production attained the maximum level at $X in 2020, and then reduced markedly in the following year.

Loudspeaker Exports

Exports from Thailand

In 2021, shipments abroad of single loudspeakers (in enclosure) increased by 104% to X units for the first time since 2017, thus ending a three-year declining trend. Overall, exports, however, showed a drastic downturn. Over the period under review, the exports hit record highs at X units in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, loudspeaker exports soared to $X in 2021. Over the period under review, exports, however, showed a deep downturn. Over the period under review, the exports reached the maximum at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X units) was the main destination for loudspeaker exports from Thailand, accounting for a 40% share of total exports. Moreover, loudspeaker exports to the United Arab Emirates exceeded the volume sent to the second major destination, the UK (X units), threefold. The third position in this ranking was taken by Hong Kong SAR (X units), with a 9.2% share.

From 2012 to 2021, the average annual growth rate of volume to the United Arab Emirates stood at -5.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+63.0% per year) and Hong Kong SAR (+6.6% per year).

In value terms, the largest markets for loudspeaker exported from Thailand were the United Arab Emirates ($X), India ($X) and the UK ($X), with a combined 53% share of total exports.

Among the main countries of destination, the UK, with a CAGR of +55.0%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average loudspeaker export price amounted to $X per unit, waning by -31.1% against the previous year. Over the period under review, the export price, however, showed mild growth. The most prominent rate of growth was recorded in 2019 when the average export price increased by 415%. As a result, the export price attained the peak level of $X per unit. From 2020 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was India ($X per unit), while the average price for exports to France ($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 India (+19.7%), while the prices for the other major destinations experienced more modest paces of growth.

Loudspeaker Imports

Imports into Thailand

After three years of decline, supplies from abroad of single loudspeakers (in enclosure) increased by 39% to X units in 2021. Overall, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 with an increase of 67% against the previous year. Imports peaked at X units in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, loudspeaker imports soared to $X in 2021. Over the period under review, total imports indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +5.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X units) was the main supplier of loudspeaker to Thailand, accounting for a 90% share of total imports. It was followed by Indonesia (X units), with a 2.2% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +2.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (-14.8% per year) and Mexico (-8.2% per year).

In value terms, China ($X) constituted the largest supplier of single loudspeakers (in enclosure) to Thailand, comprising 83% of total imports. The second position in the ranking was taken by Mexico ($X), with a 3.8% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China stood at +7.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+6.1% per year) and Indonesia (-5.6% per year).

Import Prices by Country

The average loudspeaker import price stood at $X per unit in 2021, surging by 4.6% against the previous year. Over the period under review, the import price saw a resilient expansion. The growth pace was the most rapid in 2019 an increase of 58% against the previous year. The import price peaked in 2021 and is likely to see steady growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+15.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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