Italy: Loudspeaker Market 2024

Loudspeaker Market Size in Italy

In 2022, the Italian loudspeaker market increased by 29% to $X, rising for the sixth consecutive year after four years of decline. Overall, consumption recorded resilient growth. Loudspeaker consumption peaked in 2022 and is likely to see steady growth in the immediate term.

Loudspeaker Production in Italy

In value terms, loudspeaker production surged to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a perceptible descent. Over the period under review, production attained the peak level at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Loudspeaker Exports

Exports from Italy

In 2022, overseas shipments of loudspeakers decreased by -3.5% to X units, falling for the seventh consecutive year after four years of growth. In general, exports showed a abrupt curtailment. The most prominent rate of growth was recorded in 2013 with an increase of 11% against the previous year. Over the period under review, the exports hit record highs at X units in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, loudspeaker exports soared to $X in 2022. The total export value increased at an average annual rate of +3.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany (X units), France (X units) and Spain (X units) were the main destinations of loudspeaker exports from Italy, with a combined 47% share of total exports. Mexico, the United States, the Czech Republic, China, the UK, Slovakia, Turkey, Poland and Brazil 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 the Czech Republic (with a CAGR of +27.7%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for loudspeaker exported from Italy were the United States ($X), Germany ($X) and France ($X), together accounting for 47% of total exports. China, the UK, Spain, the Czech Republic, Mexico, Turkey, Slovakia, Poland and Brazil lagged somewhat behind, together accounting for a further 23%.

In terms of the main countries of destination, the Czech Republic, with a CAGR of +17.0%, 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, jumping by 30% against the previous year. Overall, the export price posted a buoyant increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Mexico ($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 France (+20.5%), while the prices for the other major destinations experienced more modest paces of growth.

Loudspeaker Imports

Imports into Italy

In 2022, overseas purchases of loudspeakers increased by 5.3% to X units, rising for the second consecutive year after three years of decline. Over the period under review, imports, however, continue to indicate a noticeable downturn. The pace of growth appeared the most rapid in 2013 with an increase of 9.3%. Imports peaked at X units in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, loudspeaker imports expanded notably to $X in 2022. Overall, total imports indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +7.0% 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 +11.8% against 2019 indices. The pace of growth was the most pronounced in 2019 when imports increased by 16%. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, China (X units) constituted the largest supplier of loudspeaker to Italy, with a 64% share of total imports. Moreover, loudspeaker imports from China exceeded the figures recorded by the second-largest supplier, Poland (X units), fivefold. The third position in this ranking was held by Germany (X units), with a 7.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to -3.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (-6.1% per year) and Germany (+12.6% per year).

In value terms, Germany ($X), China ($X) and the Netherlands ($X) appeared to be the largest loudspeaker suppliers to Italy, together comprising 78% of total imports. Belgium, France, Poland and Vietnam lagged somewhat behind, together comprising a further 12%.

Among the main suppliers, Vietnam, with a CAGR of +62.7%, recorded 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

In 2022, the average loudspeaker import price amounted to $X per unit, growing by 7.4% against the previous year. Overall, the import price continues to indicate strong growth. The most prominent rate of growth was recorded in 2019 an increase of 32%. The import price peaked in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2022, 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 France (+12.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :