Report Update Jan 1, 2025

Libya - Loudspeakers - Market Analysis, Forecast, Size, Trends and Insights

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Libya: Loudspeaker Market 2025

Loudspeaker Market Size in Libya

In 2022, after four years of growth, there was significant decline in the Libyan loudspeaker market, when its value decreased by -11.8% to $X. Over the period under review, consumption showed a abrupt contraction. Loudspeaker consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Loudspeaker Exports

Exports from Libya

Loudspeaker exports from Libya totaled X units in 2022, flattening at 2021. Overall, exports continue to indicate a significant decline. The pace of growth appeared the most rapid in 2020 when exports increased by 50%. Over the period under review, the exports attained the maximum at X units in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, loudspeaker exports fell rapidly to $X in 2022. Over the period under review, exports continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2014 when exports increased by 124%. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Ghana (X units) was the main destination for loudspeaker exports from Libya, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Ghana stood at -22.3%.

In value terms, Ghana ($X) also remains the key foreign market for loudspeakers exports from Libya.

From 2012 to 2022, the average annual rate of growth in terms of value to Ghana amounted to -18.5%.

Export Prices by Country

In 2022, the average loudspeaker export price amounted to $X per unit, falling by -18.8% against the previous year. In general, the export price, however, saw perceptible growth. The growth pace was the most rapid in 2014 when the average export price increased by 132% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per unit in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Ghana.

From 2012 to 2022, the rate of growth in terms of prices for Tunisia amounted to +163.8% per year.

Loudspeaker Imports

Imports into Libya

In 2022, purchases abroad of loudspeakers decreased by -1% to X units for the first time since 2017, thus ending a four-year rising trend. Overall, imports showed a abrupt downturn. The most prominent rate of growth was recorded in 2019 when imports increased by 91%. Imports peaked at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, loudspeaker imports reduced dramatically to $X in 2022. Over the period under review, imports saw a abrupt setback. The most prominent rate of growth was recorded in 2018 with an increase of 70% against the previous year. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) was the main loudspeaker supplier to Libya, with a 93% share of total imports. It was followed by the United Arab Emirates (X units), with a 2.5% share of total imports. India (X units) ranked third in terms of total imports with a 1.8% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled -4.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (-28.7% per year) and India (-11.4% per year).

In value terms, China ($X) constituted the largest supplier of loudspeakers to Libya, comprising 71% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with an 18% share of total imports. It was followed by India, with a 2.4% share.

From 2012 to 2022, the average annual growth rate of value from China totaled +1.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (-15.1% per year) and India (-7.3% per year).

Import Prices by Country

The average loudspeaker import price stood at $X per unit in 2022, falling by -19% against the previous year. Over the period under review, import price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of +2.4% 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 +27.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 57%. Over the period under review, average import prices hit record highs at $X per unit in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

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 the United Arab Emirates ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+20.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for loudspeakers in the world?

China remains the largest loudspeaker consuming country worldwide, comprising approx. 23% of total volume. Moreover, loudspeaker consumption in China exceeded the figures recorded by the second-largest consumer, India, twofold. The third position in this ranking was occupied by Germany, with a 6.6% share.

What are the largest producers of loudspeakers in the world?

China constituted the country with the largest volume of loudspeaker production, comprising approx. 60% of total volume. Moreover, loudspeaker production in China exceeded the figures recorded by the second-largest producer, Vietnam, fourfold. South Africa ranked third in terms of total production with a 4.3% share.

What are the leading suppliers of loudspeakers to Libya?

In value terms, China constituted the largest supplier of loudspeaker to Libya, comprising 74% of total imports. The second position in the ranking was occupied by the United Arab Emirates, with a 9.5% share of total imports. It was followed by India, with a 4.2% share.

What are the leading importers of loudspeakers from Libya?

In value terms, Ghana $58) remains the key foreign market for loudspeaker exports from Libya.

What is the average export price for loudspeakers in Libya?

The average loudspeaker export price stood at $0.4 per unit in 2021, waning by -33.8% against the previous year.

What is the average import price for loudspeakers in Libya?

In 2021, the average loudspeaker import price amounted to $9.4 per unit, waning by -15.5% against the previous year.

This report provides an in-depth analysis of the loudspeaker market in Libya. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 26404235 - Single loudspeakers mounted in their enclosures (including frames or cabinets mainly designed for mounting loudspeakers)
Prodcom 26404237 - Multiple loudspeakers mounted in the same enclosure (including frames or cabinets mainly designed for mounting loudspeakers)
Prodcom 26404239 - Loudspeakers (including speaker drive units, frames or cabinets mainly designed for mounting loudspeakers) (excluding those mounted in their enclosures)

Country coverage:

Libya

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Libya
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country Of Destination, 2012–2024