Australia and Oceania: Non-Enclosed Loudspeakers Market 2024

Non-Enclosed Loudspeakers Market Size in Australia and Oceania

The non-enclosed loudspeakers market in Australia and Oceania declined to $X in 2021, waning by -13.7% against the previous year. In general, consumption showed a noticeable descent. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Non-Enclosed Loudspeakers Production in Australia and Oceania

In value terms, non-enclosed loudspeakers production reduced markedly to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a mild downturn. The pace of growth was the most pronounced in 2017 with an increase of 96%. Over the period under review, production attained the maximum level at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

Non-Enclosed Loudspeakers Exports

Exports in Australia and Oceania

In 2021, approx. X units of loudspeakers (not in enclosure) were exported in Australia and Oceania; picking up by 192% against 2020. In general, exports enjoyed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, non-enclosed loudspeakers exports surged to $X in 2021. Overall, exports posted significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, Australia (X units) was the key exporter of loudspeakers (not in enclosure), making up 72% of total exports. It was distantly followed by New Zealand (X units), committing a 26% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to non-enclosed loudspeakers exports from Australia stood at +20.4%. At the same time, New Zealand (+31.7%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing exporter exported in Australia and Oceania, with a CAGR of +31.7% from 2012-2021. While the share of New Zealand (+14 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Australia (-3.7 p.p.) displayed negative dynamics.

In value terms, Australia ($X) remains the largest non-enclosed loudspeakers supplier in Australia and Oceania, comprising 82% of total exports. The second position in the ranking was held by New Zealand ($X), with a 17% share of total exports.

In Australia, non-enclosed loudspeakers exports increased at an average annual rate of +23.2% over the period from 2012-2021.

Export Prices by Country

The export price in Australia and Oceania stood at $X per unit in 2021, increasing by 54% against the previous year. Export price indicated modest growth from 2012 to 2021: its price increased at an average annual rate of +1.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of export peaked at $X per unit in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Australia ($X per unit), while New Zealand totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+2.3%).

Non-Enclosed Loudspeakers Imports

Imports in Australia and Oceania

After six years of decline, supplies from abroad of loudspeakers (not in enclosure) increased by 34% to X units in 2021. Overall, imports, however, showed a noticeable decline. Over the period under review, imports attained the peak figure at X units in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, non-enclosed loudspeakers imports soared to $X in 2021. In general, imports, however, recorded a relatively flat trend pattern. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Australia represented the main importer of loudspeakers (not in enclosure) in Australia and Oceania, with the volume of imports amounting to X units, which was approx. 46% of total imports in 2021. French Polynesia (X units) held the second position in the ranking, distantly followed by New Zealand (X units) and New Caledonia (X units). All these countries together held near 46% share of total imports. The following importers - Papua New Guinea (X units) and Fiji (X units) - each recorded a 5.7% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Fiji (with a CAGR of +11.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Australia ($X) constitutes the largest market for imported loudspeakers (not in enclosure) in Australia and Oceania, comprising 70% of total imports. The second position in the ranking was taken by New Zealand ($X), with a 16% share of total imports. It was followed by New Caledonia, with a 4.1% share.

From 2012 to 2021, the average annual growth rate of value in Australia was relatively modest. In the other countries, the average annual rates were as follows: New Zealand (-2.5% per year) and New Caledonia (+8.7% per year).

Import Prices by Country

In 2021, the import price in Australia and Oceania amounted to $X per unit, reducing by -6% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +4.3%. The pace of growth appeared the most rapid in 2014 when the import price increased by 16%. Over the period under review, import prices reached the maximum at $X per unit in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Australia ($X per unit), while French Polynesia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by New Caledonia (+15.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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