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Germany - Loudspeakers - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Feb 1, 2025

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

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Oct 29, 2024

Germany's Loudspeaker Imports Fall to $1.3 Billion in 2023

Germany Loudspeaker Imports

In 2023, imports of loudspeakers into Germany declined to 94M units, which is down by -9.2% against the year before. Over the period under review, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of 12%. As a result, imports attained the peak of 131M units. From 2019 to 2023, the growth of imports failed to regain momentum.

In value terms, loudspeaker imports declined to $1.3B (IndexBox estimates) in 2023. The total import value increased at an average annual rate of +3.0% over the period from 2013 to 2023; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2017 when imports increased by 24%. Over the period under review, imports hit record highs at $1.4B in 2018; however, from 2019 to 2023, imports failed to regain momentum.Germany Loudspeaker Imports By Country (Million USD)

COUNTRYImport Value of Loudspeaker in Germany (million USD)
20132014201520162017201820192020202120222023
China432495493502663698600272373371282
Netherlands46.656.647.934.855.657.742.1318354343274
Poland17.127.041.538.857.565.482.786.597.794.899.7
Belgium54.060.352.551.046.438.033.410480.480.997.4
Hungary48.334.518.716.621.749.369.565.956.263.687.6
Italy46.352.147.242.948.445.455.463.854.262.169.5
Vietnam3.42.22.629.344.253.960.441.769.056.653.5
Mexico58.156.768.166.975.961.548.213.715.313.113.4
Others236272259282311335334282276294287
Total9421,0561,0301,0641,3231,4051,3251,2471,3751,3791,264

Imports by Country

In 2023, China (34M units) constituted the largest supplier of loudspeaker to Germany, with a 36% share of total imports. Moreover, loudspeaker imports from China exceeded the figures recorded by the second-largest supplier, Vietnam (15M units), twofold. The third position in this ranking was held by Hungary (9M units), with a 9.6% share.

From 2013 to 2023, the average annual rate of growth in terms of volume from China amounted to -6.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+57.2% per year) and Hungary (+10.9% per year).

In value terms, the largest loudspeaker suppliers to Germany were China ($282M), the Netherlands ($274M) and Poland ($100M), together comprising 52% of total imports. Belgium, Hungary, Italy, Vietnam and Mexico lagged somewhat behind, together accounting for a further 25%.

In terms of the main suppliers, Vietnam, with a CAGR of +31.8%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Imports by Type

In 2023, loudspeakers (not in enclosure) (69M units) constituted the largest type of loudspeakers supplied to Germany, with a 74% share of total imports. Moreover, loudspeakers (not in enclosure) exceeded the figures recorded for the second-largest type, single loudspeakers (in enclosure) (18M units), fourfold.

From 2013 to 2023, the average annual rate of growth in terms of the volume of loudspeakers (not in enclosure) imports was relatively modest. With regard to the other supplied products, the following average annual rates of growth were recorded: single loudspeakers (in enclosure) (-3.1% per year) and multiple loudspeakers (in enclosure) (+3.2% per year).

In value terms, multiple loudspeakers (in enclosure) ($655M) constituted the largest type of loudspeakers supplied to Germany, comprising 52% of total imports. The second position in the ranking was taken by single loudspeakers (in enclosure) ($307M), with a 24% share of total imports.

Import Prices by Country

In 2023, the loudspeaker price amounted to $13 per unit (CIF, Germany), approximately equating the previous year. Over the period from 2013 to 2023, it increased at an average annual rate of +3.9%. The most prominent rate of growth was recorded in 2017 when the average import price increased by 21% against the previous year. Over the period under review, average import prices hit record highs in 2023 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($59 per unit), while the price for Vietnam ($3.7 per unit) was amongst the lowest.

From 2013 to 2023, the most notable rate of growth in terms of prices was attained by Belgium (+10.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the loudspeaker market in Germany. 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:

  • Germany

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Germany
  • 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 2012–2024
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2024
    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 2024
    2. Market Volume, In Physical Terms, 2012–2024
    3. Market Value, 2012–2024
    4. Per Capita Consumption In 2012-2024
    5. Imports, In Physical Terms, By Country, 2012–2024
    6. Imports, In Value Terms, By Country, 2012–2024
    7. Import Prices, By Country Of Origin, 2012–2024
    8. Exports, In Physical Terms, By Country, 2012–2024
    9. Exports, In Value Terms, By Country, 2012–2024
    10. Export Prices, By Country Of Destination, 2012–2024

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2024
    2. Market Value, 2012–2024
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
    5. Trade Balance, In Physical Terms, 2012-2024
    6. Trade Balance, In Value Terms, 2012-2024
    7. Per Capita Consumption, 2012-2024
    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, 2012–2024
    22. Production, In Value Terms, 2012–2024
    23. Imports, In Physical Terms, 2012–2024
    24. Imports, In Value Terms, 2012–2024
    25. Imports, In Physical Terms, By Country, 2024
    26. Imports, In Physical Terms, By Country, 2012–2024
    27. Imports, In Value Terms, By Country, 2012–2024
    28. Import Prices, By Country Of Origin, 2012–2024
    29. Exports, In Physical Terms, 2012–2024
    30. Exports, In Value Terms, 2012–2024
    31. Exports, In Physical Terms, By Country, 2024
    32. Exports, In Physical Terms, By Country, 2012–2024
    33. Exports, In Value Terms, By Country, 2012–2024
    34. Export Prices, By Country Of Destination, 2012–2024

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