Malaysia: Loudspeaker Market 2024

Loudspeaker Market Size in Malaysia

In 2021, the Malaysian loudspeaker market decreased by -25.5% to $X for the first time since 2018, thus ending a two-year rising trend. In general, consumption, however, enjoyed a prominent increase. Loudspeaker consumption peaked at $X in 2020, and then contracted sharply in the following year.

Loudspeaker Production in Malaysia

In value terms, loudspeaker production fell dramatically to $X in 2021 estimated in export price. Over the period under review, production, however, showed a significant increase. The most prominent rate of growth was recorded in 2015 when the production volume increased by 1,023%. Over the period under review, production hit record highs at $X in 2020, and then shrank dramatically in the following year.

Loudspeaker Exports

Exports from Malaysia

In 2021, overseas shipments of single loudspeakers (in enclosure) decreased by -1.3% to X units, falling for the second year in a row after three years of growth. Over the period under review, exports, however, posted a resilient increase. The growth pace was the most rapid in 2015 when exports increased by 82%. The exports peaked at X units in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, loudspeaker exports declined to $X in 2021. In general, total exports indicated temperate growth from 2012 to 2021: its value increased at an average annual rate of +2.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -24.3% against 2018 indices. The most prominent rate of growth was recorded in 2015 when exports increased by 53% against the previous year. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

China (X units), India (X units) and Singapore (X units) were the main destinations of loudspeaker exports from Malaysia, with a combined 44% share of total exports. These countries were followed by Japan, Mexico, Belgium, Vietnam, Slovenia, the United States, Greece, Germany, Cambodia and the Netherlands, which together accounted for a further 50%.

From 2012 to 2021, the biggest increases were recorded for Cambodia (with a CAGR of +319.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), Mexico ($X) and China ($X) appeared to be the largest markets for loudspeaker exported from Malaysia worldwide, together accounting for 44% of total exports. These countries were followed by Singapore, India, Slovenia, Greece, the United States, Belgium, Germany, Vietnam, Cambodia and the Netherlands, which together accounted for a further 47%.

Slovenia, with a CAGR of +156.0%, recorded the highest rates of growth with regard to the value of exports, among 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 loudspeaker export price amounted to $X per unit, which is down by -8.5% against the previous year. Overall, the export price continues to indicate a abrupt setback. The pace of growth was the most pronounced in 2017 an increase of 20% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was the Netherlands ($X per unit), while the average price for exports to Vietnam ($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 Slovenia (+4.8%), while the prices for the other major destinations experienced more modest paces of growth.

Loudspeaker Imports

Imports into Malaysia

In 2021, imports of single loudspeakers (in enclosure) into Malaysia soared to X units, picking up by 68% compared with the previous year. Over the period under review, imports showed a strong expansion. The pace of growth was the most pronounced in 2017 with an increase of 210%. Imports peaked in 2021 and are expected to retain growth in years to come.

In value terms, loudspeaker imports rose remarkably to $X in 2021. Overall, imports recorded resilient growth. The most prominent rate of growth was recorded in 2019 when imports increased by 216%. Imports peaked in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, China (X units) constituted the largest supplier of loudspeaker to Malaysia, with a 68% share of total imports. Moreover, loudspeaker imports from China exceeded the figures recorded by the second-largest supplier, Hong Kong SAR (X units), fivefold. Vietnam (X units) ranked third in terms of total imports with a 7.7% share.

From 2012 to 2021, 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: Hong Kong SAR (+15.7% per year) and Vietnam (+60.9% per year).

In value terms, China ($X) constituted the largest supplier of single loudspeakers (in enclosure) to Malaysia, comprising 66% of total imports. The second position in the ranking was taken by Hong Kong SAR ($X), with a 6.5% share of total imports. It was followed by Vietnam, with a 4.3% share.

From 2012 to 2021, the average annual growth rate of value from China amounted to +11.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (+2.7% per year) and Vietnam (+65.2% per year).

Import Prices by Country

The average loudspeaker import price stood at $X per unit in 2021, shrinking by -32.5% against the previous year. In general, the import price, however, continues to indicate a resilient expansion. The pace of growth was the most pronounced in 2016 an increase of 40%. Over the period under review, average import prices reached the peak figure at $X per unit in 2020, and then dropped rapidly 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 ($X per unit), while the price for Hong Kong SAR ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+28.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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