Kazakhstan: Multiple Loudspeakers Market 2024

Multiple Loudspeakers Market Size in Kazakhstan

The Kazakh multiple loudspeakers market soared to $X in 2021, with an increase of 15% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption continues to indicate a remarkable increase. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market remained at a somewhat lower figure.

Multiple Loudspeakers Exports

Exports from Kazakhstan

In 2021, exports of multiple loudspeakers (in enclosure) from Kazakhstan surged to X units, growing by 109% on 2020 figures. Overall, exports posted a significant expansion. The growth pace was the most rapid in 2017 with an increase of 593%. As a result, the exports reached the peak of X units. From 2018 to 2021, the growth of the exports failed to regain momentum.

In value terms, multiple loudspeakers exports skyrocketed to $X in 2021. In general, exports enjoyed a significant increase. The pace of growth was the most pronounced in 2017 when exports increased by 614% against the previous year. The exports peaked in 2021 and are likely to see gradual growth in the immediate term.

Exports by Country

Russia (X units) was the main destination for multiple loudspeakers exports from Kazakhstan, accounting for a 88% share of total exports. Moreover, multiple loudspeakers exports to Russia exceeded the volume sent to the second major destination, Kyrgyzstan (X units), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to Russia amounted to +39.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kyrgyzstan (+24.8% per year) and Georgia (+43.0% per year).

In value terms, Russia ($X) remains the key foreign market for multiple loudspeakers (in enclosure) exports from Kazakhstan, comprising 71% of total exports. The second position in the ranking was taken by Kyrgyzstan ($X), with a 12% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Russia stood at +29.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kyrgyzstan (+66.3% per year) and Georgia (+15.5% per year).

Export Prices by Country

In 2021, the average multiple loudspeakers export price amounted to $X per unit, dropping by -25.2% against the previous year. In general, the export price, however, enjoyed temperate growth. The most prominent rate of growth was recorded in 2018 an increase of 101% against the previous year. The export price peaked at $X per unit in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Kyrgyzstan ($X per unit), while the average price for exports to Georgia ($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 Kyrgyzstan (+34.1%), while the prices for the other major destinations experienced a decline.

Multiple Loudspeakers Imports

Imports into Kazakhstan

Multiple loudspeakers imports into Kazakhstan skyrocketed to X units in 2021, rising by 45% on the previous year's figure. Overall, total imports indicated moderate growth from 2012 to 2021: its volume increased at an average annual rate of +2.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -9.4% against 2019 indices. The most prominent rate of growth was recorded in 2017 when imports increased by 62%. Over the period under review, imports attained the peak figure at X units in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, multiple loudspeakers imports rose significantly to $X in 2021. Over the period under review, imports enjoyed resilient growth. The growth pace was the most rapid in 2019 with an increase of 58%. As a result, imports attained the peak of $X. From 2020 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, China (X units) was the main multiple loudspeakers supplier to Kazakhstan, accounting for a 92% share of total imports. It was followed by Russia (X units), with a 2.2% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +6.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+8.6% per year) and Hong Kong SAR (-44.5% per year).

In value terms, China ($X) constituted the largest supplier of multiple loudspeakers (in enclosure) to Kazakhstan, comprising 58% of total imports. The second position in the ranking was taken by Russia ($X), with a 7.7% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +12.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+20.6% per year) and Hong Kong SAR (-43.5% per year).

Import Prices by Country

The average multiple loudspeakers import price stood at $X per unit in 2021, shrinking by -26% against the previous year. Over the period under review, the import price, however, enjoyed resilient growth. The most prominent rate of growth was recorded in 2018 when the average import price increased by 30% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2020, and then declined remarkably in the following year.

Prices varied noticeably country of origin: the country with the highest price was Russia ($X per unit), while the price for Hong Kong SAR ($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 (+11.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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