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

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

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Jun 28, 2023

Loudspeaker Price in India Increases Markedly to $2.0 per Unit After Two Consecutive Months of Increase

India Loudspeaker Import Price in February 2023

In February 2023, the loudspeaker price stood at $2.0 per unit (CIF, India), surging by 13% against the previous month. Overall, import price indicated a notable expansion from February 2022 to February 2023: its price increased at an average monthly rate of +3.4% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on February 2023 figures, loudspeaker import price increased by +13.7% against December 2022 indices. The pace of growth was the most pronounced in June 2022 an increase of 33% month-to-month. The import price peaked at $2.4 per unit in November 2022; however, from December 2022 to February 2023, import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was China ($2.5 per unit), while the price for Hong Kong ($888 per thousand units) was amongst the lowest.

From February 2022 to February 2023, the most notable rate of growth in terms of prices was attained by China (+5.6%), while the prices for the other major suppliers experienced mixed trend patterns.

COUNTRYImport Price of Loudspeaker in India (USD per unit)
Feb 2022Mar 2022Apr 2022May 2022Jun 2022Jul 2022Aug 2022Sep 2022Oct 2022Nov 2022Dec 2022Jan 2023Feb 2023
China1.31.62.02.12.72.32.62.41.92.21.51.72.5
Vietnam1.20.80.91.11.51.41.11.62.22.51.61.51.1
Hong Kong0.90.80.60.81.42.11.11.41.11.01.30.90.9
Average1.31.31.41.62.22.21.92.22.12.41.81.82.0

India Loudspeaker Import Prices by Type

There were significant differences in the average prices amongst the major supplied products. In February 2023, the product with the highest price was multiple loudspeakers (in enclosure) ($30.1 per unit), while the price for loudspeakers (not in enclosure) ($1.1 per unit) was amongst the lowest.

From February 2022 to February 2023, the most notable rate of growth in terms of prices was attained by non-enclosed loudspeakers (+2.5%), while the prices for the other products experienced mixed trend patterns.

India Loudspeaker Imports

In February 2023, imports of loudspeakers into India shrank modestly to 30M units, which is down by -3.2% on the previous month's figure. Overall, imports showed a mild descent. The growth pace was the most rapid in August 2022 when imports increased by 60% against the previous month. As a result, imports attained the peak of 50M units. From September 2022 to February 2023, the growth of imports remained at a somewhat lower figure.

In value terms, loudspeaker imports rose notably to $59M (IndexBox estimates) in February 2023. Over the period under review, total imports indicated modest growth from February 2022 to February 2023: its value increased at an average monthly rate of +1.9% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on February 2023 figures, imports decreased by -0.9% against December 2022 indices. The pace of growth appeared the most rapid in August 2022 when imports increased by 38% m-o-m. As a result, imports reached the peak of $95M. From September 2022 to February 2023, the growth of imports remained at a somewhat lower figure.

India Loudspeaker Imports by Type

In February 2023, loudspeakers (not in enclosure) (23M units) constituted the largest type of loudspeaker supplied to India, with a 77% share of total imports. Moreover, loudspeakers (not in enclosure) exceeded the figures recorded for the second-largest type, single loudspeakers (in enclosure) (6M units), fourfold.

From February 2022 to February 2023, the average monthly rate of growth in terms of the volume of import of loudspeakers (not in enclosure) stood at -3.4%. With regard to the other supplied products, the following average monthly rates of growth were recorded: single loudspeakers (in enclosure) (+20.7% per month) and multiple loudspeakers (in enclosure) (+3.7% per month).

In value terms, the most traded types of loudspeakers in India were multiple loudspeakers (in enclosure) ($26M), loudspeakers (not in enclosure) ($25M) and single loudspeakers (in enclosure) ($7.9M).

India Loudspeaker Imports by Country

China (15M units), Vietnam (11M units) and Hong Kong (3.2M units) were the main suppliers of loudspeaker imports to India, together comprising 97% of total imports.

From February 2022 to February 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Vietnam (with a CAGR of -0.1%), while imports for the other leaders experienced a decline.

In value terms, China ($38M) constituted the largest supplier of loudspeaker to India, comprising 64% of total imports. The second position in the ranking was taken by Vietnam ($12M), with a 21% share of total imports.

From February 2022 to February 2023, the average monthly rate of growth in terms of value from China stood at +4.0%. The remaining supplying countries recorded the following average monthly rates of imports growth: Vietnam (-0.3% per month) and Hong Kong (-4.1% per month).

Source: IndexBox Market Intelligence Platform

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

  • India

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in India
  • 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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