U.S.: Loudspeaker Market 2024

Loudspeaker Market Size in the U.S.

In 2023, after three years of growth, there was significant decline in the U.S. loudspeaker market, when its value decreased by X% to $X. Overall, the total consumption indicated a noticeable increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Loudspeaker consumption peaked at $X in 2022, and then shrank dramatically in the following year.

Loudspeaker Production in the U.S.

In value terms, loudspeaker production contracted slightly to $X in 2023. Over the period under review, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the production volume increased by X%. Loudspeaker production peaked at $X in 2012; however, from 2013 to 2023, production remained at a lower figure.

Loudspeaker Exports

Exports from the U.S.

In 2023, approx. X units of loudspeakers were exported from the United States; picking up by X% compared with the previous year. Overall, exports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of X%. The exports peaked in 2023 and are likely to continue growth in years to come.

In value terms, loudspeaker exports rose sharply to $X in 2023. The total export value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2022 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2023 and are expected to retain growth in the immediate term.

Exports by Country

Mexico (X units), Canada (X units) and South Korea (X units) were the main destinations of loudspeaker exports from the United States, with a combined X% share of total exports. China, Paraguay, Hungary and Japan lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Hungary (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for loudspeaker exported from the United States were Canada ($X), Mexico ($X) and China ($X), together accounting for X% of total exports. Paraguay, South Korea, Japan and Hungary lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, Hungary, with a CAGR of X%, saw 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

The average loudspeaker export price stood at $X per unit in 2023, leveling off at the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The growth pace was the most rapid in 2017 an increase of X%. As a result, the export price attained the peak level of $X per unit. From 2018 to 2023, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per unit), while the average price for exports to Hungary ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Canada (X%), while the prices for the other major destinations experienced more modest paces of growth.

Loudspeaker Imports

Imports into the U.S.

In 2023, approx. X units of loudspeakers were imported into the United States; with a decrease of X% compared with the previous year. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of X%. As a result, imports attained the peak of X units. From 2022 to 2023, the growth of imports failed to regain momentum.

In value terms, loudspeaker imports fell notably to $X in 2023. In general, total imports indicated a noticeable expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2022, and then fell markedly in the following year.

Imports by Country

China (X units), Mexico (X units) and Vietnam (X units) were the main suppliers of loudspeaker imports to the United States, together accounting for X% of total imports. Thailand and Indonesia lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the biggest increases were recorded for Thailand (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest loudspeaker suppliers to the United States were China ($X), Vietnam ($X) and Mexico ($X), together accounting for X% of total imports. Thailand and Indonesia lagged somewhat behind, together comprising a further X%.

Thailand, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the average loudspeaker import price amounted to $X per unit, waning by X% against the previous year. Over the period under review, import price indicated a moderate increase from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, loudspeaker import price increased by X% against 2018 indices. The growth pace was the most rapid in 2020 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2022, and then shrank in the following year.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Indonesia (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform