Malaysia: Non-Enclosed Loudspeakers Market 2024

Non-Enclosed Loudspeakers Market Size in Malaysia

In 2021, the Malaysian non-enclosed loudspeakers market increased by 1.5% to $X, rising for the second year in a row after four years of decline. Over the period under review, consumption, however, saw a perceptible shrinkage. Non-enclosed loudspeakers consumption peaked at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.

Non-Enclosed Loudspeakers Exports

Exports from Malaysia

In 2021, shipments abroad of loudspeakers (not in enclosure) decreased by -20.3% to X units, falling for the second consecutive year after three years of growth. In general, exports showed a abrupt curtailment. The most prominent rate of growth was recorded in 2019 with an increase of 78% against the previous year. The exports peaked at X units in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, non-enclosed loudspeakers exports reduced rapidly to $X in 2021. Over the period under review, exports showed a perceptible contraction. The most prominent rate of growth was recorded in 2019 when exports increased by 66% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

China (X units), Vietnam (X units) and Hong Kong SAR (X units) were the main destinations of non-enclosed loudspeakers exports from Malaysia, together accounting for 47% of total exports. These countries were followed by the United States, Poland, Belgium, Singapore, Japan, India, Germany, South Korea, the United Arab Emirates and Brazil, which together accounted for a further 42%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Belgium (with a CAGR of +160.9%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for non-enclosed loudspeakers exported from Malaysia were the United States ($X), China ($X) and Poland ($X), with a combined 48% share of total exports. Belgium, Vietnam, Singapore, Hong Kong SAR, Japan, India, Germany, South Korea, the United Arab Emirates and Brazil lagged somewhat behind, together accounting for a further 38%.

Belgium, with a CAGR of +72.5%, saw the highest rates of growth with regard to 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

In 2021, the average non-enclosed loudspeakers export price amounted to $X per unit, falling by -15.5% against the previous year. In general, export price indicated a measured increase from 2012 to 2021: its price increased at an average annual rate of +2.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, non-enclosed loudspeakers export price decreased by -32.2% against 2018 indices. The most prominent rate of growth was recorded in 2016 when the average export price increased by 69% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was the United States ($X per unit), while the average price for exports to Brazil ($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 the United Arab Emirates (+10.8%), while the prices for the other major destinations experienced mixed trend patterns.

Non-Enclosed Loudspeakers Imports

Imports into Malaysia

In 2021, approx. X units of loudspeakers (not in enclosure) were imported into Malaysia; reducing by -5.7% on the previous year. Overall, imports showed a deep setback. The most prominent rate of growth was recorded in 2014 with an increase of 36%. Imports peaked at X units in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

In value terms, non-enclosed loudspeakers imports fell to $X in 2021. In general, imports continue to indicate a slight reduction. The growth pace was the most rapid in 2015 with an increase of 53% against the previous year. As a result, imports attained the peak of $X. From 2016 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of non-enclosed loudspeakers to Malaysia, with a 68% share of total imports. Moreover, non-enclosed loudspeakers imports from China exceeded the figures recorded by the second-largest supplier, Vietnam (X units), fourfold. The Philippines (X units) ranked third in terms of total imports with a 4.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled -7.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+0.4% per year) and the Philippines (+84.2% per year).

In value terms, China ($X) constituted the largest supplier of loudspeakers (not in enclosure) to Malaysia, comprising 61% of total imports. The second position in the ranking was taken by Vietnam ($X), with a 17% share of total imports. It was followed by Mexico, with a 5.5% share.

From 2012 to 2021, the average annual growth rate of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (-1.1% per year) and Mexico (+68.6% per year).

Import Prices by Country

In 2021, the average non-enclosed loudspeakers import price amounted to $X per unit, declining by -2.3% against the previous year. Overall, import price indicated a prominent increase from 2012 to 2021: its price increased at an average annual rate of +5.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, non-enclosed loudspeakers import price increased by +87.5% against 2014 indices. The pace of growth appeared the most rapid in 2017 when the average import price increased by 50% against the previous year. The import price peaked at $X per unit in 2020, and then contracted slightly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Indonesia ($X per unit), while the price for Thailand ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+23.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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