United Arab Emirates: Non-Enclosed Loudspeakers Market 2024

Non-Enclosed Loudspeakers Market Size in the United Arab Emirates

In 2021, the non-enclosed loudspeakers market in the United Arab Emirates increased by 93% to $X, rising for the fifth consecutive year after four years of decline. Overall, consumption, however, saw a pronounced decrease. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Non-Enclosed Loudspeakers Production in the United Arab Emirates

In value terms, non-enclosed loudspeakers production reduced rapidly to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a sharp decrease. The pace of growth was the most pronounced in 2018 with an increase of 76%. Non-enclosed loudspeakers production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Non-Enclosed Loudspeakers Exports

Exports from the United Arab Emirates

In 2021, shipments abroad of loudspeakers (not in enclosure) increased by 6.6% to X units, rising for the second year in a row after three years of decline. Overall, exports, however, continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2015 when exports increased by 337%. The exports peaked at X units in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, non-enclosed loudspeakers exports surged to $X in 2021. In general, exports, however, continue to indicate a mild decrease. Over the period under review, the exports reached the peak figure at $X in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

Exports by Country

Oman (X units), Rwanda (X units) and Hong Kong SAR (X units) were the main destinations of non-enclosed loudspeakers exports from the United Arab Emirates, with a combined 54% share of total exports. These countries were followed by Angola, Seychelles, Zambia and Romania, which together accounted for a further 31%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Romania (with a CAGR of +5,627,800.0%), while the other leaders experienced more modest paces of growth.

In value terms, Hong Kong SAR ($X) emerged as the key foreign market for loudspeakers (not in enclosure) exports from the United Arab Emirates, comprising 46% of total exports. The second position in the ranking was held by Oman ($X), with a 10% share of total exports. It was followed by Rwanda, with a 2.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Hong Kong SAR totaled -5.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Oman (+17.0% per year) and Rwanda (+15.5% per year).

Export Prices by Country

The average non-enclosed loudspeakers export price stood at $X per unit in 2021, picking up by 44% against the previous year. Overall, the export price posted pronounced growth. The pace of growth appeared the most rapid in 2019 an increase of 169% against the previous year. The export price peaked in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Hong Kong SAR ($X per unit), while the average price for exports to Zambia ($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 Iran (+32.0%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Enclosed Loudspeakers Imports

Imports into the United Arab Emirates

In 2021, after three years of decline, there was significant growth in purchases abroad of loudspeakers (not in enclosure), when their volume increased by 69% to X units. Over the period under review, imports, however, showed a relatively flat trend pattern. Over the period under review, imports attained the peak figure at X units in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, non-enclosed loudspeakers imports surged to $X in 2021. Overall, imports saw a relatively flat trend pattern. Imports peaked at $X in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Vietnam (X units) constituted the largest non-enclosed loudspeakers supplier to the United Arab Emirates, with a 64% share of total imports. Moreover, non-enclosed loudspeakers imports from Vietnam exceeded the figures recorded by the second-largest supplier, China (X units), threefold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Vietnam stood at +2.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-7.4% per year) and India (-19.5% per year).

In value terms, the largest non-enclosed loudspeakers suppliers to the United Arab Emirates were Vietnam ($X), China ($X) and India ($X), with a combined 49% share of total imports.

China, with a CAGR of -3.7%, saw 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 a decline.

Import Prices by Country

In 2021, the average non-enclosed loudspeakers import price amounted to $X per unit, growing by 8.2% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 32% against the previous year. The import price peaked 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 India ($X per unit), while the price for Vietnam ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+4.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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