CIS: Non-Enclosed Loudspeakers Market 2024

Non-Enclosed Loudspeakers Market Size in CIS

In 2021, the CIS non-enclosed loudspeakers market increased by 9.5% to $X, rising for the sixth consecutive year after two years of decline. Over the period under review, consumption continues to indicate noticeable growth. The level of consumption peaked in 2021 and is expected to retain growth in years to come.

Non-Enclosed Loudspeakers Production in CIS

In value terms, non-enclosed loudspeakers production fell to $X in 2021 estimated in export price. The total production indicated tangible growth from 2012 to 2021: its value increased at an average annual rate of +2.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +73.6% against 2017 indices. The growth pace was the most rapid in 2019 with an increase of 56%. Over the period under review, production reached the peak level at $X in 2020, and then reduced modestly in the following year.

Non-Enclosed Loudspeakers Exports

Exports in CIS

In 2021, exports of loudspeakers (not in enclosure) in the CIS skyrocketed to X units, rising by 53% compared with the previous year's figure. In general, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of 236%. Over the period under review, the exports reached the peak figure in 2021 and are likely to see steady growth in the near future.

In value terms, non-enclosed loudspeakers exports skyrocketed to $X in 2021. Overall, exports showed a significant increase. The growth pace was the most rapid in 2013 when exports increased by 147% against the previous year. Over the period under review, the exports reached the peak figure in 2021 and are likely to see steady growth in the near future.

Exports by Country

Russia was the largest exporting country with an export of around X units, which finished at 60% of total exports. It was distantly followed by Belarus (X units), comprising a 37% share of total exports. Kazakhstan (X units) took a minor share of total exports.

From 2012 to 2021, the biggest increases were recorded for Belarus (with a CAGR of +59.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X) remains the largest non-enclosed loudspeakers supplier in the CIS, comprising 90% of total exports. The second position in the ranking was held by Belarus ($X), with a 7.9% share of total exports.

In Russia, non-enclosed loudspeakers exports increased at an average annual rate of +31.8% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Belarus (+45.8% per year) and Kazakhstan (+34.4% per year).

Export Prices by Country

In 2021, the export price in the CIS amounted to $X per unit, rising by 2.2% against the previous year. Over the period under review, the export price continues to indicate mild growth. The growth pace was the most rapid in 2017 when the export price increased by 103%. The level of export peaked at $X per unit in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+5.8%), while the other leaders experienced a decline in the export price figures.

Non-Enclosed Loudspeakers Imports

Imports in CIS

In 2021, approx. X units of loudspeakers (not in enclosure) were imported in the CIS; surging by 8% against the previous year's figure. In general, imports saw a pronounced expansion. The pace of growth was the most pronounced in 2017 with an increase of 71% against the previous year. The volume of import peaked in 2021 and is expected to retain growth in the near future.

In value terms, non-enclosed loudspeakers imports surged to $X in 2021. Over the period under review, imports recorded a strong expansion. The growth pace was the most rapid in 2020 when imports increased by 49% against the previous year. The level of import peaked in 2021 and is likely to continue growth in years to come.

Imports by Country

Russia represented the major importer of loudspeakers (not in enclosure) in the CIS, with the volume of imports recording X units, which was near 74% of total imports in 2021. Belarus (X units) ranks second in terms of the total imports with an 11% share, followed by Uzbekistan (9%). Kazakhstan (X units) took a little share of total imports.

Russia experienced a relatively flat trend pattern with regard to volume of imports of loudspeakers (not in enclosure). At the same time, Uzbekistan (+18.9%) and Belarus (+16.2%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in the CIS, with a CAGR of +18.9% from 2012-2021. By contrast, Kazakhstan (-3.2%) illustrated a downward trend over the same period. While the share of Uzbekistan (+9 p.p.) and Belarus (+7.6 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Kazakhstan (-2.9 p.p.) and Russia (-14.2 p.p.) displayed negative dynamics.

In value terms, Russia ($X) constitutes the largest market for imported loudspeakers (not in enclosure) in the CIS, comprising 84% of total imports. The second position in the ranking was taken by Kazakhstan ($X), with a 6.7% share of total imports. It was followed by Belarus, with a 4.5% share.

In Russia, non-enclosed loudspeakers imports increased at an average annual rate of +5.6% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Kazakhstan (+1.1% per year) and Belarus (+10.9% per year).

Import Prices by Country

In 2021, the import price in the CIS amounted to $X per unit, increasing by 15% against the previous year. Over the last nine years, it increased at an average annual rate of +3.0%. The most prominent rate of growth was recorded in 2018 when the import price increased by 31% against the previous year. Over the period under review, import prices hit record highs in 2021 and is likely to see gradual growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Uzbekistan (+16.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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