U.S.: Non-Enclosed Loudspeakers Market 2024

Non-Enclosed Loudspeakers Market Size in the U.S.

The U.S. non-enclosed loudspeakers market expanded modestly to $X in 2021, picking up by 4.6% against the previous year. The market value increased at an average annual rate of +2.8% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs in 2021 and is expected to retain growth in the near future.

Non-Enclosed Loudspeakers Production in the U.S.

In value terms, non-enclosed loudspeakers production fell markedly to $X in 2021. In general, production, however, posted buoyant growth. The pace of growth was the most pronounced in 2020 when the production volume increased by 139%. As a result, production reached the peak level of $X, and then dropped notably in the following year.

Non-Enclosed Loudspeakers Exports

Exports from the U.S.

In 2021, non-enclosed loudspeakers exports from the United States soared to X units, rising by 20% on 2020. Overall, exports continue to indicate a relatively flat trend pattern. Over the period under review, the exports attained the peak figure at X units in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, non-enclosed loudspeakers exports surged to $X in 2021. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. Over the period under review, the exports reached the peak figure at $X in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

Exports by Country

Mexico (X units), Canada (X units) and Japan (X units) were the main destinations of non-enclosed loudspeakers exports from the United States, with a combined 66% share of total exports. These countries were followed by South Korea, China, South Africa, India and Uruguay, which together accounted for a further 18%.

From 2012 to 2021, the biggest increases were recorded for Uruguay (with a CAGR of +62.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X), Canada ($X) and Japan ($X) appeared to be the largest markets for non-enclosed loudspeakers exported from the United States worldwide, together accounting for 58% of total exports. South Korea, China, Uruguay, India and South Africa lagged somewhat behind, together accounting for a further 17%.

Uruguay, with a CAGR of +50.2%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average non-enclosed loudspeakers export price stood at $X per unit in 2021, waning by -2.8% against the previous year. In general, the export price continues to indicate a mild reduction. The most prominent rate of growth was recorded in 2013 when the average export price increased by 8.3% against the previous year. The export price peaked at $X per unit in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Japan ($X per unit), while the average price for exports to South Africa ($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 Japan (+0.9%), while the prices for the other major destinations experienced a decline.

Non-Enclosed Loudspeakers Imports

Imports into the U.S.

In 2021, purchases abroad of loudspeakers (not in enclosure) was finally on the rise to reach X units after two years of decline. Over the period under review, imports showed a relatively flat trend pattern. Over the period under review, imports reached the maximum at X units in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, non-enclosed loudspeakers imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +1.4% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X units), Mexico (X units) and Vietnam (X units) were the main suppliers of non-enclosed loudspeakers imports to the United States, with a combined 94% share of total imports. These countries were followed by the Philippines and Indonesia, which together accounted for a further 2.1%.

From 2012 to 2021, the biggest increases were recorded for the Philippines (with a CAGR of +45.4%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest non-enclosed loudspeakers suppliers to the United States were China ($X), Mexico ($X) and Vietnam ($X), with a combined 91% share of total imports. The Philippines and Indonesia lagged somewhat behind, together comprising a further 1.7%.

The Philippines, with a CAGR of +51.0%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average non-enclosed loudspeakers import price stood at $X per unit in 2021, increasing by 3.4% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 an increase of 5.6% against the previous year. Over the period under review, average import prices attained the maximum 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 Indonesia ($X per unit), while the price for Vietnam ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+19.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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