Global Multiple Loudspeakers Market 2024

Multiple Loudspeakers Market Size

In 2021, the global multiple loudspeakers market increased by 1% to $X for the first time since 2018, thus ending a two-year declining trend. In general, consumption showed a remarkable increase. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the global market failed to regain momentum.

Multiple Loudspeakers Production

In value terms, multiple loudspeakers production rose sharply to $X in 2021 estimated in export price. Overall, production continues to indicate resilient growth. The pace of growth was the most pronounced in 2018 when the production volume increased by 46% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2021, global production growth remained at a lower figure.

Multiple Loudspeakers Exports

Exports

Global multiple loudspeakers exports soared to X units in 2021, rising by 16% on the previous year. Over the period under review, exports continue to indicate measured growth. The growth pace was the most rapid in 2018 with an increase of 154% against the previous year. Over the period under review, the global exports reached the peak figure in 2021 and are likely to continue growth in the immediate term.

In value terms, multiple loudspeakers exports skyrocketed to $X in 2021. Overall, total exports indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +6.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +17.7% against 2019 indices. The most prominent rate of growth was recorded in 2014 when exports increased by 22% against the previous year. The global exports peaked in 2021 and are expected to retain growth in the immediate term.

Exports by Country

China dominates exports structure, reaching X units, which was approx. 66% of total exports in 2021. It was distantly followed by the Netherlands (X units) and Hong Kong SAR (X units), together generating a 14% share of total exports. Malaysia (X units), Germany (X units), the Czech Republic (X units) and Belgium (X units) took a relatively small share of total exports.

Exports from China increased at an average annual rate of +1.5% from 2012 to 2021. At the same time, the Netherlands (+24.6%), the Czech Republic (+22.3%), Germany (+18.6%), Malaysia (+9.6%) and Belgium (+9.6%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing exporter exported in the world, with a CAGR of +24.6% from 2012-2021. By contrast, Hong Kong SAR (-9.9%) illustrated a downward trend over the same period. From 2012 to 2021, the share of the Netherlands, Germany and the Czech Republic increased by +6.2, +2 and +1.6 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest multiple loudspeakers supplier worldwide, comprising 48% of global exports. The second position in the ranking was held by the Netherlands ($X), with an 11% share of global exports. It was followed by Hong Kong SAR, with a 4.8% share.

In China, multiple loudspeakers exports increased at an average annual rate of +8.8% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: the Netherlands (+25.7% per year) and Hong Kong SAR (-3.5% per year).

Export Prices by Country

In 2021, the average multiple loudspeakers export price amounted to $X per unit, remaining stable against the previous year. In general, the export price posted temperate growth. The growth pace was the most rapid in 2016 when the average export price increased by 158%. The global export price peaked at $X per unit in 2017; however, from 2018 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Germany ($X per unit), while China ($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 (+7.2%), while the other global leaders experienced more modest paces of growth.

Multiple Loudspeakers Imports

Imports

In 2021, global multiple loudspeakers imports surged to X units, picking up by 23% against 2020. The total import volume increased at an average annual rate of +3.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, multiple loudspeakers imports soared to $X in 2021. Overall, total imports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +6.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +51.3% against 2016 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, the United States (X units), distantly followed by Germany (X units) and the Netherlands (X units) were the major importers of multiple loudspeakers (in enclosure), together constituting 42% of total imports. France (X units), Mexico (X units), Thailand (X units), India (X units), Spain (X units), Sweden (X units), Hong Kong SAR (X units), Poland (X units), Brazil (X units) and the UK (X units) followed a long way behind the leaders.

Imports into the United States increased at an average annual rate of +6.0% from 2012 to 2021. At the same time, the Netherlands (+20.9%), Poland (+20.4%), Thailand (+19.3%), Sweden (+18.4%), India (+15.1%), Spain (+9.8%), France (+8.3%) and Germany (+3.1%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing importer imported in the world, with a CAGR of +20.9% from 2012-2021. Brazil and the UK experienced a relatively flat trend pattern. By contrast, Mexico (-2.7%) and Hong Kong SAR (-12.0%) illustrated a downward trend over the same period. From 2012 to 2021, the share of the Netherlands, the United States, Thailand, India, Sweden and Poland increased by +6.4, +4.7, +2.7, +2.2, +1.9 and +1.7 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported multiple loudspeakers (in enclosure) worldwide, comprising 27% of global imports. The second position in the ranking was taken by Germany ($X), with a 9% share of global imports. It was followed by the Netherlands, with a 7.5% share.

In the United States, multiple loudspeakers imports expanded at an average annual rate of +8.3% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Germany (+9.1% per year) and the Netherlands (+16.4% per year).

Import Prices by Country

In 2021, the average multiple loudspeakers import price amounted to $X per unit, which is down by -2.4% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.8%. The pace of growth was the most pronounced in 2015 when the average import price increased by 11% against the previous year. Global import price peaked at $X per unit in 2019; however, from 2020 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was the UK ($X per unit), while Thailand ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+13.5%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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