China: Multiple Loudspeakers Market 2024

Multiple Loudspeakers Market Size in China

The Chinese multiple loudspeakers market dropped to $X in 2021, waning by -10.1% against the previous year. Overall, consumption, however, posted a remarkable increase. Over the period under review, the market attained the peak level at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Multiple Loudspeakers Production in China

In value terms, multiple loudspeakers production totaled $X in 2021 estimated in export price. In general, the total production indicated pronounced growth from 2012 to 2021: its value increased at an average annual rate of +4.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -0.8% against 2019 indices. The most prominent rate of growth was recorded in 2018 with an increase of 44%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Multiple Loudspeakers Exports

Exports from China

In 2021, shipments abroad of multiple loudspeakers (in enclosure) increased by 9.1% to X units for the first time since 2018, thus ending a two-year declining trend. Over the period under review, exports enjoyed a slight expansion. The pace of growth appeared the most rapid in 2018 when exports increased by 530% against the previous year. As a result, the exports reached the peak of X units. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, multiple loudspeakers exports rose notably to $X in 2021. In general, total exports indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +8.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 with an increase of 30%. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

Exports by Country

The United States (X units) was the main destination for multiple loudspeakers exports from China, with a 29% share of total exports. Moreover, multiple loudspeakers exports to the United States exceeded the volume sent to the second major destination, the Netherlands (X units), fourfold. The third position in this ranking was taken by India (X units), with a 4.6% share.

From 2012 to 2021, the average annual growth rate of volume to the United States totaled +1.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (-0.0% per year) and India (+8.4% per year).

In value terms, the United States ($X) remains the key foreign market for multiple loudspeakers (in enclosure) exports from China, comprising 31% of total exports. The second position in the ranking was held by the Netherlands ($X), with a 9.4% share of total exports. It was followed by Germany, with a 6.4% share.

From 2012 to 2021, the average annual growth rate of value to the United States stood at +8.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+14.8% per year) and Germany (+15.1% per year).

Export Prices by Country

The average multiple loudspeakers export price stood at $X per unit in 2021, growing by 3.6% against the previous year. In general, the export price enjoyed a prominent increase. The most prominent rate of growth was recorded in 2016 an increase of 436%. Over the period under review, the average export prices reached the maximum at $X per unit in 2017; however, from 2018 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Germany ($X per unit), while the average price for exports to Poland ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+14.9%), while the prices for the other major destinations experienced more modest paces of growth.

Multiple Loudspeakers Imports

Imports into China

In 2021, approx. X units of multiple loudspeakers (in enclosure) were imported into China; rising by 42% compared with the previous year's figure. Over the period under review, imports showed prominent growth. The growth pace was the most rapid in 2016 with an increase of 410%. As a result, imports reached the peak of X units. From 2017 to 2021, the growth of imports remained at a lower figure.

In value terms, multiple loudspeakers imports skyrocketed to $X in 2021. In general, total imports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +9.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +127.7% against 2012 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Vietnam (X units), Malaysia (X units) and Japan (X units) were the main suppliers of multiple loudspeakers imports to China, together accounting for 44% of total imports. Thailand, Indonesia, the Czech Republic, Mexico, France, Finland and the United States lagged somewhat behind, together comprising a further 16%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Thailand (with a CAGR of +229.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Malaysia ($X) and the Czech Republic ($X) constituted the largest multiple loudspeakers suppliers to China, together accounting for 28% of total imports. These countries were followed by Mexico, Vietnam, the United States, Japan, Finland, Indonesia and Thailand, which together accounted for a further 21%.

In terms of the main suppliers, Thailand, with a CAGR of +195.9%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average multiple loudspeakers import price stood at $X per unit in 2021, which is down by -4.5% against the previous year. In general, the import price recorded a abrupt shrinkage. The growth pace was the most rapid in 2018 when the average import price increased by 463%. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was France ($X per unit), while the price for Vietnam ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+10.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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