Asia: Loudspeaker Market 2025

Loudspeaker Market Size in Asia

The Asian loudspeaker market was estimated at $X in 2022, rising by 4.4% against the previous year. The total consumption indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +53.3% against 2017 indices. Over the period under review, the market reached the maximum level in 2022 and is expected to retain growth in the immediate term.

Loudspeaker Production in Asia

In value terms, loudspeaker production amounted to $X in 2022 estimated in export price. The total production indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -3.1% against 2020 indices. The pace of growth appeared the most rapid in 2018 with an increase of 32%. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Loudspeaker Exports

Exports in Asia

In 2022, overseas shipments of loudspeakers decreased by -15.2% to X units for the first time since 2019, thus ending a two-year rising trend. Overall, exports continue to indicate a slight downturn. The most prominent rate of growth was recorded in 2018 with an increase of 14% against the previous year. The volume of export peaked at X units in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, loudspeaker exports contracted modestly to $X in 2022. Total exports indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +7.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +98.1% against 2012 indices. The pace of growth was the most pronounced in 2014 with an increase of 18%. The level of export peaked at $X in 2021, and then contracted modestly in the following year.

Exports by Country

China was the main exporter of loudspeakers in Asia, with the volume of exports finishing at X units, which was near 81% of total exports in 2022. It was distantly followed by Hong Kong SAR (X units), generating a 15% share of total exports.

China was also the fastest-growing in terms of the loudspeakers exports, with a CAGR of +1.1% from 2012 to 2022. Hong Kong SAR (-9.1%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China increased by +19 percentage points.

In value terms, China ($X) remains the largest loudspeaker supplier in Asia, comprising 76% of total exports. The second position in the ranking was taken by Hong Kong SAR ($X), with a 4.3% share of total exports.

In China, loudspeaker exports expanded at an average annual rate of +8.3% over the period from 2012-2022.

Export Prices by Country

The export price in Asia stood at $X per unit in 2022, growing by 17% against the previous year. Export price indicated a prominent increase from 2012 to 2022: its price increased at an average annual rate of +8.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, loudspeaker export price increased by +23.6% against 2017 indices. The pace of growth was the most pronounced in 2014 an increase of 24% against the previous year. The level of export peaked in 2022 and is likely to continue growth in years to come.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was China ($X per unit), while Hong Kong SAR totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+7.1%).

Loudspeaker Imports

Imports in Asia

In 2022, overseas purchases of loudspeakers increased by 14% to X units, rising for the second consecutive year after two years of decline. The total import volume increased at an average annual rate of +1.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 30% against the previous year. The volume of import peaked in 2022 and is likely to see steady growth in the immediate term.

In value terms, loudspeaker imports contracted modestly to $X in 2022. The total import value increased at an average annual rate of +2.3% over the period from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 21% against the previous year. As a result, imports reached the peak of $X, leveling off in the following year.

Imports by Country

India was the major importer of loudspeakers in Asia, with the volume of imports reaching X units, which was approx. 61% of total imports in 2022. China (X units) took a 12% share (based on physical terms) of total imports, which put it in second place, followed by Hong Kong SAR (8.6%) and Japan (4.9%). Vietnam (X units), Malaysia (X units) and Turkey (X units) followed a long way behind the leaders.

India was also the fastest-growing in terms of the loudspeakers imports, with a CAGR of +28.3% from 2012 to 2022. Turkey (-1.6%), Vietnam (-2.6%), Malaysia (-3.1%), Japan (-5.4%), China (-6.3%) and Hong Kong SAR (-13.0%) illustrated a downward trend over the same period. India (+55 p.p.) significantly strengthened its position in terms of the total imports, while Vietnam, Japan, China and Hong Kong SAR saw its share reduced by -2.1%, -5.2%, -15% and -32.5% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X), Japan ($X) and China ($X) constituted the countries with the highest levels of imports in 2022, with a combined 40% share of total imports.

India, with a CAGR of +11.7%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Asia stood at $X per unit in 2022, falling by -12.5% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 15% against the previous year. Over the period under review, import prices reached the peak figure at $X per unit in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Japan ($X per unit), while India ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+13.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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