Belgium: Loudspeaker Market 2025

Loudspeaker Market Size in Belgium

The Belgian loudspeaker market surged to $X in 2022, rising by 409% against the previous year. Overall, consumption continues to indicate a buoyant expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Loudspeaker Production in Belgium

In value terms, loudspeaker production skyrocketed to $X in 2022 estimated in export price. Overall, production, however, recorded a pronounced descent. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Loudspeaker Exports

Exports from Belgium

In 2022, approx. X units of loudspeakers were exported from Belgium; increasing by 18% against the previous year's figure. The total export volume increased at an average annual rate of +2.3% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, loudspeaker exports fell markedly to $X in 2022. In general, exports, however, showed a abrupt contraction. The most prominent rate of growth was recorded in 2020 when exports increased by 79%. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Germany (X units), the UK (X units) and France (X units) were the main destinations of loudspeaker exports from Belgium, together accounting for 55% of total exports. Slovakia, Spain, the Czech Republic, Portugal and Hungary lagged somewhat behind, together accounting for a further 35%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Slovakia (with a CAGR of +84.9%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), France ($X) and the UK ($X) were the largest markets for loudspeaker exported from Belgium worldwide, together comprising 53% of total exports. Spain, the Czech Republic, Slovakia, Portugal and Hungary lagged somewhat behind, together accounting for a further 18%.

Among the main countries of destination, Slovakia, with a CAGR of +39.3%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average loudspeaker export price amounted to $X per unit, declining by -50.9% against the previous year. In general, the export price recorded a deep slump. The growth pace was the most rapid in 2017 when the average export price increased by 65%. The export price peaked at $X per unit in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per unit), while the average price for exports to Slovakia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Spain (-0.8%), while the prices for the other major destinations experienced a decline.

Loudspeaker Imports

Imports into Belgium

In 2022, purchases abroad of loudspeakers increased by 36% to X units, rising for the third year in a row after two years of decline. In general, total imports indicated a remarkable increase from 2012 to 2022: its volume increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +44.6% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, loudspeaker imports skyrocketed to $X in 2022. Over the period under review, imports, however, continue to indicate a slight shrinkage. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest loudspeaker supplier to Belgium, with a 46% share of total imports. Moreover, loudspeaker imports from China exceeded the figures recorded by the second-largest supplier, Vietnam (X units), twofold. The third position in this ranking was taken by Malaysia (X units), with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+36.2% per year) and Malaysia (+79.3% per year).

In value terms, China ($X) constituted the largest supplier of loudspeakers to Belgium, comprising 36% of total imports. The second position in the ranking was taken by Malaysia ($X), with a 13% share of total imports. It was followed by the Netherlands, with an 11% share.

From 2012 to 2022, the average annual growth rate of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+50.0% per year) and the Netherlands (+6.5% per year).

Import Prices by Country

The average loudspeaker import price stood at $X per unit in 2022, falling by -9.5% against the previous year. Overall, the import price recorded a deep reduction. The pace of growth was the most pronounced in 2018 an increase of 20%. Over the period under review, average import prices attained the maximum at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per unit), while the price for Poland ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-0.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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