Hong Kong SAR, China - Multiple Loudspeakers (In Enclosure) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingMultiple Loudspeakers Price in Hong Kong Rises Dramatically to $43.5 per Unit
Hong Kong Multiple Loudspeakers Export Price in March 2023
In March 2023, the multiple loudspeakers price amounted to $43.5 per unit (FOB, Hong Kong), increasing by 34% against the previous month. In general, export price indicated a temperate increase from March 2022 to March 2023: its price increased at an average monthly rate of +3.1% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on March 2023 figures, multiple loudspeakers export price increased by +53.0% against December 2022 indices. The growth pace was the most rapid in September 2022 an increase of 38% month-to-month. Over the period under review, the average export prices attained the peak figure at $54.4 per unit in November 2022; however, from December 2022 to March 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In March 2023, the country with the highest price was China ($96.6 per unit), while the average price for exports to Thailand ($3.4 per unit) was amongst the lowest.
From March 2022 to March 2023, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+13.1%), while the prices for the other major destinations experienced more modest paces of growth.
| COUNTRY | Export Price of Multiple Loudspeakers in Hong Kong (USD per unit) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Mar 2022 | Apr 2022 | May 2022 | Jun 2022 | Jul 2022 | Aug 2022 | Sep 2022 | Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 | |
| China | 126 | 109 | 118 | 206 | 179 | 145 | 171 | 121 | 197 | 131 | 109 | 77.7 | 96.6 |
| United States | 38.8 | 27.9 | 24.3 | 58.4 | 57.7 | 70.0 | 54.7 | 74.2 | 51.3 | 28.9 | 49.1 | 56.5 | 70.2 |
| Netherlands | 143 | 130 | 193 | 342 | 184 | 151 | 327 | 70.3 | 71.0 | 68.9 | 104 | 56.3 | 63.8 |
| Japan | 9.3 | 14.7 | 11.2 | 14.8 | 8.3 | 9.4 | 9.0 | 12.8 | 25.9 | 31.4 | 46.4 | 28.6 | 40.7 |
| Slovakia | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 232 | N/A | N/A | N/A | N/A | 15.0 |
| Mexico | 10.4 | 8.0 | 3.1 | 7.1 | 9.5 | 6.4 | 6.0 | 9.3 | 5.2 | 52.4 | 14.9 | 11.7 | 13.3 |
| Turkey | 17.4 | 11.2 | 14.7 | 103 | 11.2 | 6.5 | 103 | 12.9 | 10.3 | 122 | 9.5 | 13.1 | 8.6 |
| Thailand | 4.7 | 6.8 | 10.0 | 5.3 | 12.6 | 5.8 | 9.1 | 5.1 | 4.5 | 4.2 | 5.1 | 3.2 | 3.4 |
| Average | 30.4 | 32.8 | 36.3 | 46.2 | 31.0 | 26.1 | 36.1 | 46.2 | 54.4 | 28.4 | 31.0 | 32.6 | 43.5 |
Hong Kong Multiple Loudspeakers Exports
In March 2023, exports of multiple loudspeakers (in enclosure) from Hong Kong rose significantly to 474K units, picking up by 12% compared with the previous month. In general, exports, however, showed a perceptible downturn. The pace of growth was the most pronounced in December 2022 with an increase of 44% month-to-month. The exports peaked at 795K units in August 2022; however, from September 2022 to March 2023, the exports remained at a lower figure.
In value terms, multiple loudspeakers exports soared to $21M (IndexBox estimates) in March 2023. Overall, exports, however, saw a mild contraction. The exports peaked at 24M units in October 2022; however, from November 2022 to March 2023, the exports remained at a lower figure.
Hong Kong Multiple Loudspeakers Exports by Country
Thailand (207K units), China (111K units) and the Netherlands (35K units) were the main destinations of multiple loudspeakers exports from Hong Kong, with a combined 75% share of total exports. These countries were followed by the United States, Turkey, Japan, Slovakia and Mexico, which together accounted for a further 17%.
From March 2022 to March 2023, the biggest increases were in Slovakia (with a CAGR of +433.3%), while shipments for the other leaders experienced more modest paces of growth.
In value terms, China ($11M) remains the key foreign market for multiple loudspeakers exports from Hong Kong, comprising 52% of total exports. The second position in the ranking was taken by the Netherlands ($2.2M), with an 11% share of total exports. It was followed by the United States, with a 9.8% share.
From March 2022 to March 2023, the average monthly rate of growth in terms of value to China totaled +1.6%. Exports to the other major destinations recorded the following average monthly rates of exports growth: the Netherlands (+2.0% per month) and the United States (-0.1% per month).
This report provides an in-depth analysis of the multiple loudspeakers market in Hong Kong SAR, 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 26404237 - Multiple loudspeakers mounted in the same enclosure (including frames or cabinets mainly designed for mounting loudspeakers)
Country coverage:
- Hong Kong SAR
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Hong Kong SAR, 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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
