Italy: Non-Enclosed Loudspeakers Market 2024

Non-Enclosed Loudspeakers Market Size in Italy

The Italian non-enclosed loudspeakers market dropped to $X in 2021, which is down by -10.7% against the previous year. Over the period under review, the total consumption indicated a mild increase from 2012 to 2021: its value increased at an average annual rate of +1.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +55.8% against 2019 indices. As a result, consumption attained the peak level of $X, and then contracted in the following year.

Non-Enclosed Loudspeakers Production in Italy

In value terms, non-enclosed loudspeakers production skyrocketed to $X in 2021 estimated in export price. In general, production saw a deep setback. The most prominent rate of growth was recorded in 2019 when the production volume increased by 56% against the previous year. Over the period under review, production reached the peak level at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Non-Enclosed Loudspeakers Exports

Exports from Italy

In 2021, overseas shipments of loudspeakers (not in enclosure) increased by 63% to X units, rising for the third year in a row after three years of decline. Over the period under review, total exports indicated a strong increase from 2012 to 2021: its volume increased at an average annual rate of +8.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +104.8% against 2018 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, non-enclosed loudspeakers exports surged to $X in 2021. In general, exports, however, saw a noticeable contraction. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X units), France (X units) and Slovakia (X units) were the main destinations of non-enclosed loudspeakers exports from Italy, with a combined 62% share of total exports. The Czech Republic, Spain, Poland, Mexico, the UK, Hungary, the United States, China and Brazil lagged somewhat behind, together comprising a further 30%.

From 2012 to 2021, the biggest increases were recorded for Hungary (with a CAGR of +62.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for non-enclosed loudspeakers exported from Italy were Germany ($X), France ($X) and the United States ($X), with a combined 54% share of total exports. China, the UK, the Czech Republic, Mexico, Spain, Slovakia, Poland, Hungary and Brazil lagged somewhat behind, together comprising a further 24%.

Hungary, with a CAGR of +24.9%, 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

The average non-enclosed loudspeakers export price stood at $X per unit in 2021, with a decrease of -25.1% against the previous year. Overall, the export price faced a deep downturn. The pace of growth appeared the most rapid in 2018 when the average export price increased by 15%. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was the United States ($X per unit), while the average price for exports to Slovakia ($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 France (-7.2%), while the prices for the other major destinations experienced a decline.

Non-Enclosed Loudspeakers Imports

Imports into Italy

In 2021, after three years of decline, there was significant growth in supplies from abroad of loudspeakers (not in enclosure), when their volume increased by 112% to X units. In general, total imports indicated a resilient expansion from 2012 to 2021: its volume increased at an average annual rate of +5.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, non-enclosed loudspeakers imports surged to $X in 2021. Over the period under review, imports, however, continue to indicate a noticeable setback. Imports peaked at $X in 2015; however, from 2016 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest non-enclosed loudspeakers supplier to Italy, accounting for a 77% share of total imports. Moreover, non-enclosed loudspeakers 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 France (X units), with a 3.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +6.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+2.1% per year) and France (+4.3% per year).

In value terms, China ($X) constituted the largest supplier of loudspeakers (not in enclosure) to Italy, comprising 59% of total imports. The second position in the ranking was held by Poland ($X), with a 10% share of total imports. It was followed by France, with a 3.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled -1.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (-6.5% per year) and France (-0.5% per year).

Import Prices by Country

In 2021, the average non-enclosed loudspeakers import price amounted to $X per unit, declining by -39.7% against the previous year. In general, the import price continues to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2018 when the average import price increased by 9.2%. The import price peaked at $X per unit in 2019; however, from 2020 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 Belgium ($X per unit), while the price for Poland ($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 (-4.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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