Kazakhstan: Loudspeaker Market 2024

Loudspeaker Market Size in Kazakhstan

The Kazakh loudspeaker market reduced dramatically to $X in 2022, with a decrease of -32.9% against the previous year. Over the period under review, consumption, however, recorded prominent growth. Loudspeaker consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Loudspeaker Production in Kazakhstan

In value terms, loudspeaker production declined to $X in 2022 estimated in export price. Overall, production showed a deep downturn. The most prominent rate of growth was recorded in 2017 when the production volume increased by 248% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Loudspeaker Exports

Exports from Kazakhstan

Loudspeaker exports from Kazakhstan skyrocketed to X units in 2022, picking up by 900% compared with 2021 figures. In general, exports posted significant growth. The most prominent rate of growth was recorded in 2013 with an increase of 4,084% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, loudspeaker exports soared to $X in 2022. Overall, exports recorded a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Russia (X units) was the main destination for loudspeaker exports from Kazakhstan, with a 79% share of total exports. Moreover, loudspeaker exports to Russia exceeded the volume sent to the second major destination, Uzbekistan (X units), eightfold. The third position in this ranking was taken by Kyrgyzstan (X units), with an 8.6% share.

From 2012 to 2022, the average annual growth rate of volume to Russia totaled +81.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uzbekistan (+74.7% per year) and Kyrgyzstan (+93.7% per year).

In value terms, Russia ($X) remains the key foreign market for loudspeakers exports from Kazakhstan, comprising 98% of total exports. The second position in the ranking was taken by Kyrgyzstan ($X), with a 0.8% share of total exports. It was followed by Uzbekistan, with a 0.4% share.

From 2012 to 2022, the average annual growth rate of value to Russia totaled +89.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kyrgyzstan (+95.2% per year) and Uzbekistan (+83.7% per year).

Export Prices by Country

In 2022, the average loudspeaker export price amounted to $X per unit, increasing by 192% against the previous year. Over the period under review, the export price enjoyed a prominent expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($X per unit), while the average price for exports to Uzbekistan ($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 Uzbekistan (+5.2%), while the prices for the other major destinations experienced more modest paces of growth.

Loudspeaker Imports

Imports into Kazakhstan

Loudspeaker imports into Kazakhstan shrank markedly to X units in 2022, dropping by -36.9% compared with 2021 figures. Overall, imports, however, saw a strong expansion. The growth pace was the most rapid in 2018 when imports increased by 611% against the previous year. Over the period under review, imports reached the maximum at X units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, loudspeaker imports shrank notably to $X in 2022. Over the period under review, imports, however, recorded resilient growth. The pace of growth appeared the most rapid in 2018 when imports increased by 259%. Imports peaked at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest supplier of loudspeaker to Kazakhstan, with a 86% share of total imports. Moreover, loudspeaker imports from China exceeded the figures recorded by the second-largest supplier, Russia (X units), tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +6.5%.

In value terms, China ($X) constituted the largest supplier of loudspeakers to Kazakhstan, comprising 68% of total imports. The second position in the ranking was held by Russia ($X), with a 22% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +12.4%.

Import Prices by Country

The average loudspeaker import price stood at $X per unit in 2022, picking up by 21% against the previous year. Overall, import price indicated a slight expansion from 2012 to 2022: its price increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, loudspeaker import price increased by +65.1% against 2018 indices. The most prominent rate of growth was recorded in 2014 an increase of 30% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Russia ($X per unit), while the price for China totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+5.6%).

Source: IndexBox Platform

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