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China - Loudspeakers - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Nov 1, 2024

China - Loudspeakers - Market Analysis, Forecast, Size, Trends and Insights

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Jul 30, 2023

China's Loudspeaker Export Drops by 7% to $730M in June 2023

China Loudspeaker Exports

Loudspeaker exports from China reached 170M units in June 2023, remaining stable against the previous month's figure. In general, exports saw a relatively flat trend pattern. The growth pace was the most rapid in March 2023 with an increase of 51% month-to-month. Over the period under review, the exports hit record highs at 182M units in September 2022; however, from October 2022 to June 2023, the exports failed to regain momentum.

In value terms, loudspeaker exports declined to $730M (IndexBox estimates) in June 2023. Over the period under review, exports, however, saw a slight decrease. The pace of growth was the most pronounced in March 2023 when exports increased by 67% against the previous month. Over the period under review, the exports hit record highs at 1.2B units in September 2022; however, from October 2022 to June 2023, the exports failed to regain momentum.

COUNTRYExport Value of Loudspeaker in China (million USD)
Jun 2022Jul 2022Aug 2022Sep 2022Oct 2022Nov 2022Dec 2022Jan 2023Feb 2023Mar 2023Apr 2023May 2023Jun 2023
United States22124824928321715815617888.9166157164160
Vietnam60.460.865.267.464.161.257.347.743.161.660.360.652.9
India44.948.454.949.642.337.338.842.021.238.642.844.540.0
Japan32.527.432.933.030.226.732.931.328.032.133.138.037.3
Russia8.929.237.136.636.524.420.121.516.330.329.730.434.4
Mexico25.228.229.949.337.321.425.231.414.130.227.125.424.0
Germany27.436.440.236.539.640.619.426.212.118.620.218.622.9
South Korea24.022.623.726.725.619.422.419.618.323.321.017.816.9
Thailand21.924.819.122.925.621.521.126.913.726.219.217.216.6
Malaysia16.413.217.616.818.516.417.017.59.618.317.516.113.5
Brazil22.321.924.826.418.820.413.821.910.116.822.420.811.4
Indonesia10.815.013.817.413.513.416.311.58.312.28.110.010.5
Turkey4.34.43.63.05.24.95.06.31.76.06.77.06.2
Others376421434511481366329334189310331318283
Total8961,0011,0451,1801,055832774816474791796789730

Exports by Country

Vietnam (50M units), India (27M units) and the United States (10M units) were the main destinations of loudspeaker exports from China, together comprising 51% of total exports. Japan, Mexico, South Korea, Indonesia, Brazil, Germany, Malaysia, Thailand, Turkey and Russia lagged somewhat behind, together accounting for a further 21%.

From June 2022 to June 2023, the biggest increases were in Russia (with a CAGR of +7.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($160M) remains the key foreign market for loudspeaker exports from China, comprising 22% of total exports. The second position in the ranking was held by Vietnam ($53M), with a 7.2% share of total exports. It was followed by India, with a 5.5% share.

From June 2022 to June 2023, the average monthly rate of growth in terms of value to the United States totaled -2.7%. Exports to the other major destinations recorded the following average monthly rates of exports growth: Vietnam (-1.1% per month) and India (-0.9% per month).

Exports by Type

Loudspeakers (not in enclosure) (137M units) was the largest type of loudspeaker exported from China, with a 81% share of total exports. Moreover, loudspeakers (not in enclosure) exceeded the volume of the second product type, single loudspeakers (in enclosure) (26M units), fivefold.

From June 2022 to June 2023, the average monthly rate of growth in terms of the volume of export of loudspeakers (not in enclosure) was relatively modest. With regard to the other exported products, the following average monthly rates of growth were recorded: single loudspeakers (in enclosure) (+0.3% per month) and multiple loudspeakers (in enclosure) (-1.7% per month).

In value terms, the most traded types of loudspeakers in China were multiple loudspeakers (in enclosure) ($281M), single loudspeakers (in enclosure) ($230M) and loudspeakers (not in enclosure) ($219M).

Among the main product categories, non-enclosed loudspeakers, with a CAGR of -0.9%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other products experienced a decline.

Export Prices by Country

In June 2023, the loudspeaker price stood at $4.3 per unit (FOB, China), dropping by -8.2% against the previous month. Over the period under review, the export price recorded a pronounced curtailment. The most prominent rate of growth was recorded in January 2023 when the average export price increased by 11% m-o-m. Over the period under review, the average export prices attained the peak figure at $7.0 per unit in October 2022; however, from November 2022 to June 2023, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In June 2023, the country with the highest price was the United States ($16.0 per unit), while the average price for exports to Vietnam ($1.1 per unit) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+4.6%), while the prices for the other major destinations experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the loudspeaker market in China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 26404235 - Single loudspeakers mounted in their enclosures (including frames or cabinets mainly designed for mounting loudspeakers)
  • Prodcom 26404237 - Multiple loudspeakers mounted in the same enclosure (including frames or cabinets mainly designed for mounting loudspeakers)
  • Prodcom 26404239 - Loudspeakers (including speaker drive units, frames or cabinets mainly designed for mounting loudspeakers) (excluding those mounted in their enclosures)

Country coverage:

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in China
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023

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