Czech Republic: Multiple Loudspeakers Market 2024

Multiple Loudspeakers Market Size in the Czech Republic

The Czech multiple loudspeakers market soared to $X in 2021, increasing by 31% against the previous year. Over the period under review, consumption recorded a prominent increase. Over the period under review, the market reached the maximum level in 2021 and is likely to continue growth in the immediate term.

Multiple Loudspeakers Production in the Czech Republic

In value terms, multiple loudspeakers production surged to $X in 2021 estimated in export price. Overall, production posted a resilient increase. The pace of growth appeared the most rapid in 2017 with an increase of 167%. As a result, production attained the peak level of $X. From 2018 to 2021, production growth remained at a lower figure.

Multiple Loudspeakers Exports

Exports from the Czech Republic

In 2021, overseas shipments of multiple loudspeakers (in enclosure) were finally on the rise to reach X units after two years of decline. Over the period under review, exports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2017 with an increase of 109%. The exports peaked at X units in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, multiple loudspeakers exports skyrocketed to $X in 2021. In general, exports showed a prominent increase. The growth pace was the most rapid in 2018 when exports increased by 56% against the previous year. The exports peaked in 2021 and are likely to see gradual growth in years to come.

Exports by Country

Germany (X units), the Netherlands (X units) and Spain (X units) were the main destinations of multiple loudspeakers exports from the Czech Republic, with a combined 66% share of total exports. These countries were followed by Belgium, Slovakia, China, the United States, Poland and Denmark, which together accounted for a further 20%.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +175.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for multiple loudspeakers exported from the Czech Republic were the Netherlands ($X), Germany ($X) and China ($X), together accounting for 61% of total exports.

China, with a CAGR of +129.9%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average multiple loudspeakers export price amounted to $X per unit, with an increase of 14% against the previous year. Overall, the export price, however, continues to indicate a abrupt downturn. The pace of growth appeared the most rapid in 2018 when the average export price increased by 41% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Denmark ($X per unit), while the average price for exports to Spain ($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 Poland (+10.5%), while the prices for the other major destinations experienced more modest paces of growth.

Multiple Loudspeakers Imports

Imports into the Czech Republic

In 2021, after two years of decline, there was significant growth in supplies from abroad of multiple loudspeakers (in enclosure), when their volume increased by 60% to X units. Overall, imports continue to indicate a prominent expansion. The growth pace was the most rapid in 2015 when imports increased by 125%. Imports peaked at X units in 2018; afterwards, it flattened through to 2021.

In value terms, multiple loudspeakers imports skyrocketed to $X in 2021. In general, imports showed strong growth. The pace of growth was the most pronounced in 2017 with an increase of 66%. Imports peaked in 2021 and are expected to retain growth in the immediate term.

Imports by Country

China (X units), the Netherlands (X units) and Germany (X units) were the main suppliers of multiple loudspeakers imports to the Czech Republic, with a combined 77% share of total imports. Slovakia, Hong Kong SAR, Italy and Poland lagged somewhat behind, together comprising a further 16%.

From 2012 to 2021, the biggest increases were recorded for Hong Kong SAR (with a CAGR of +202.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest multiple loudspeakers suppliers to the Czech Republic were the Netherlands ($X), China ($X) and Slovakia ($X), with a combined 59% share of total imports. Germany, Italy, Hong Kong SAR and Poland lagged somewhat behind, together comprising a further 30%.

Hong Kong SAR, with a CAGR of +211.4%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers 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, waning by -24.5% against the previous year. Overall, the import price, however, recorded strong growth. The pace of growth was the most pronounced in 2020 when the average import price increased by 50%. As a result, import price attained the peak level of $X per unit, and then dropped markedly in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+20.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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