United Arab Emirates: Loudspeaker Market 2024

Loudspeaker Market Size in the United Arab Emirates

The loudspeaker market in the United Arab Emirates surged to $X in 2021, picking up by 38% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, the total consumption indicated pronounced growth from 2012 to 2021: its value increased at an average annual rate of +3.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +52.1% against 2018 indices. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market failed to regain momentum.

Loudspeaker Exports

Exports from the United Arab Emirates

In 2021, overseas shipments of single loudspeakers (in enclosure) were finally on the rise to reach X units after three years of decline. In general, exports showed a strong expansion. The most prominent rate of growth was recorded in 2016 when exports increased by 112%. The exports peaked at X units in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, loudspeaker exports declined sharply to $X in 2021. Over the period under review, exports posted prominent growth. The growth pace was the most rapid in 2014 when exports increased by 107%. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

Oman (X units) was the main destination for loudspeaker exports from the United Arab Emirates, with a 80% share of total exports. Moreover, loudspeaker exports to Oman exceeded the volume sent to the second major destination, Seychelles (X units), more than tenfold. The third position in this ranking was held by Hong Kong SAR (X units), with a 3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Oman totaled +65.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Seychelles (+21.2% per year) and Hong Kong SAR (+79.1% per year).

In value terms, Oman ($X), Hong Kong SAR ($X) and Paraguay ($X) were the largest markets for loudspeaker exported from the United Arab Emirates worldwide, with a combined 63% share of total exports.

Hong Kong SAR, with a CAGR of +64.4%, saw the highest growth rate of the value of exports, among 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 loudspeaker export price stood at $X per unit in 2021, with a decrease of -27.7% against the previous year. In general, the export price continues to indicate a abrupt decline. The growth pace was the most rapid in 2019 when the average export price increased by 76%. Over the period under review, the average export prices reached the maximum at $X per unit in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

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 ($X per unit), while the average price for exports to Angola ($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 Tanzania (-2.3%), while the prices for the other major destinations experienced a decline.

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Loudspeaker Imports

Imports into the United Arab Emirates

Loudspeaker imports into the United Arab Emirates skyrocketed to X units in 2021, with an increase of 55% compared with 2020 figures. In general, imports enjoyed a measured increase. The pace of growth appeared the most rapid in 2017 when imports increased by 58% against the previous year. As a result, imports reached the peak of X units. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, loudspeaker imports surged to $X in 2021. The total import value increased at an average annual rate of +2.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 when imports increased by 35%. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of loudspeaker to the United Arab Emirates, accounting for a 62% share of total imports. Moreover, loudspeaker imports from China exceeded the figures recorded by the second-largest supplier, Vietnam (X units), ninefold.

From 2012 to 2021, the average annual growth rate of volume from China totaled -1.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+200.4% per year) and Hong Kong SAR (+0.1% per year).

In value terms, China ($X) constituted the largest supplier of single loudspeakers (in enclosure) to the United Arab Emirates, comprising 62% of total imports. The second position in the ranking was taken by Hong Kong SAR ($X), with a 6.4% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (+11.6% per year) and Vietnam (+59.4% per year).

Import Prices by Country

The average loudspeaker import price stood at $X per unit in 2021, which is down by -20.5% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average import price increased by 42%. The import price peaked at $X per unit in 2020, and then contracted dramatically in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Hong Kong SAR ($X per unit), while the price for Vietnam ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+11.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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