Malaysia: Loudspeaker Market 2025

Loudspeaker Market Size in Malaysia

The Malaysian loudspeaker market rose markedly to $X in 2022, picking up by 14% against the previous year. Over the period under review, consumption recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X; afterwards, it flattened through to 2022.

Loudspeaker Production in Malaysia

In value terms, loudspeaker production expanded remarkably to $X in 2022 estimated in export price. Over the period under review, production saw temperate growth. The most prominent rate of growth was recorded in 2016 with an increase of 77% against the previous year. Loudspeaker production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Loudspeaker Exports

Exports from Malaysia

Loudspeaker exports from Malaysia fell notably to X units in 2022, declining by -61.6% on the previous year's figure. Over the period under review, exports continue to indicate a slight reduction. The most prominent rate of growth was recorded in 2019 when exports increased by 71% against the previous year. As a result, the exports reached the peak of X units. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, loudspeaker exports shrank to $X in 2022. Overall, total exports indicated notable growth from 2012 to 2022: its value increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +15.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 30%. Over the period under review, the exports attained the peak figure at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Myanmar (X units) was the main destination for loudspeaker exports from Malaysia, with a 61% share of total exports. Moreover, loudspeaker exports to Myanmar exceeded the volume sent to the second major destination, the United States (X units), fourfold. The third position in this ranking was taken by Mexico (X units), with a 6.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Myanmar totaled +198.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+3.9% per year) and Mexico (+5.9% per year).

In value terms, the United States ($X), Myanmar ($X) and China ($X) constituted the largest markets for loudspeaker exported from Malaysia worldwide, with a combined 75% share of total exports.

Myanmar, with a CAGR of +160.4%, recorded the highest growth rate of the value of exports, in terms of 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 loudspeaker export price stood at $X per unit in 2022, jumping by 130% against the previous year. Overall, the export price continues to indicate a measured expansion. As a result, the export price reached 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 ($X per unit), while the average price for exports to Indonesia ($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 South Korea (+22.6%), while the prices for the other major destinations experienced more modest paces of growth.

Loudspeaker Imports

Imports into Malaysia

In 2022, loudspeaker imports into Malaysia fell to X units, waning by -9.7% compared with the previous year. In general, imports recorded a noticeable curtailment. The growth pace was the most rapid in 2018 with an increase of 50% against the previous year. Over the period under review, imports hit record highs at X units in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, loudspeaker imports dropped to $X in 2022. Overall, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 when imports increased by 36% against the previous year. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest loudspeaker supplier to Malaysia, with a 80% share of total imports. Moreover, loudspeaker imports from China exceeded the figures recorded by the second-largest supplier, Hong Kong SAR (X units), fivefold.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +1.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (-1.4% per year) and Singapore (-22.6% per year).

In value terms, China ($X) constituted the largest supplier of loudspeakers to Malaysia, comprising 82% of total imports. The second position in the ranking was held by Hong Kong SAR ($X), with a 5.1% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +3.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (-3.2% per year) and Singapore (-13.6% per year).

Import Prices by Country

The average loudspeaker import price stood at $X per unit in 2022, growing by 4.6% against the previous year. In general, import price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of +2.6% 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 decreased by -9.5% against 2020 indices. The pace of growth was the most pronounced in 2019 when the average import price increased by 43% against the previous year. The import price peaked at $X per unit in 2020; however, from 2021 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 Singapore ($X per unit), while the price for Hong Kong SAR ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+11.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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