Uzbekistan: Loudspeaker Market 2024

Loudspeaker Market Size in Uzbekistan

The Uzbek loudspeaker market surged to $X in 2021, picking up by 19% against the previous year. Over the period under review, consumption enjoyed significant growth. Over the period under review, the market reached the maximum level in 2021 and is expected to retain growth in the immediate term.

Loudspeaker Production in Uzbekistan

In value terms, loudspeaker production expanded sharply to $X in 2021 estimated in export price. Overall, production posted a significant increase. The growth pace was the most rapid in 2015 when the production volume increased by 89%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Loudspeaker Exports

Exports from Uzbekistan

In 2021, loudspeaker exports from Uzbekistan reduced markedly to X units, declining by -86.6% on the previous year's figure. In general, exports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2013 when exports increased by 1,000% against the previous year. The exports peaked at X units in 2020, and then plummeted in the following year.

In value terms, loudspeaker exports dropped notably to $X in 2021. Over the period under review, exports, however, recorded significant growth. The pace of growth appeared the most rapid in 2013 with an increase of 970%. Over the period under review, the exports attained the maximum at $X in 2020, and then contracted remarkably in the following year.

Exports by Country

The Czech Republic (X units), Botswana (X units) and Tajikistan (X units) were the main destinations of loudspeaker exports from Uzbekistan, with a combined 65% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Botswana (with a CAGR of 0.0%), while the other leaders experienced more modest paces of growth.

In value terms, the Czech Republic ($X) emerged as the key foreign market for single loudspeakers (in enclosure) exports from Uzbekistan, comprising 41% of total exports. The second position in the ranking was taken by Botswana ($X), with a 12% share of total exports.

From 2012 to 2021, the average annual growth rate of value to the Czech Republic was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Botswana (0.0% per year) and Tajikistan (0.0% per year).

Export Prices by Country

The average loudspeaker export price stood at $X per unit in 2021, waning by -53.8% against the previous year. Over the period under review, the export price, however, saw moderate growth. The growth pace was the most rapid in 2014 an increase of 137% against the previous year. The export price peaked at $X per unit in 2020, and then shrank markedly in the following year.

Prices varied noticeably country of destination: the country with the highest price was the Czech Republic ($X per unit), while the average price for exports to Botswana ($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 Russia (+51.8%).

Loudspeaker Imports

Imports into Uzbekistan

For the fifth consecutive year, Uzbekistan recorded growth in purchases abroad of single loudspeakers (in enclosure), which increased by 79% to X units in 2021. Over the period under review, imports recorded a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 239%. Imports peaked in 2021 and are likely to continue growth in years to come.

In value terms, loudspeaker imports rose remarkably to $X in 2021. Overall, imports enjoyed significant growth. The pace of growth was the most pronounced in 2019 with an increase of 118%. Over the period under review, imports attained the maximum in 2021 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2021, China (X units) was the main loudspeaker supplier to Uzbekistan, accounting for a 91% share of total imports. It was followed by Russia (X units), with a 3% share of total imports.

From 2017 to 2021, the average annual growth rate of volume from China totaled +115.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+290.1% per year) and Turkey (+71.6% per year).

In value terms, China ($X) constituted the largest supplier of single loudspeakers (in enclosure) to Uzbekistan, comprising 74% of total imports. The second position in the ranking was held by Russia ($X), with a 5.7% share of total imports.

From 2017 to 2021, the average annual rate of growth in terms of value from China amounted to +109.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+137.9% per year) and Turkey (+33.6% per year).

Import Prices by Country

In 2021, the average loudspeaker import price amounted to $X per unit, declining by -39.9% against the previous year. Overall, the import price recorded a precipitous setback. The most prominent rate of growth was recorded in 2019 when the average import price increased by 14%. Over the period under review, average import prices attained the maximum at $X per unit in 2017; however, from 2018 to 2021, import prices failed to regain momentum.

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

From 2017 to 2021, the most notable rate of growth in terms of prices was attained by China (-3.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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