Mexico: Loudspeaker Market 2025

Loudspeaker Market Size in Mexico

The Mexican loudspeaker market contracted rapidly to $X in 2022, which is down by -16.7% against the previous year. In general, consumption continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X, and then shrank markedly in the following year.

Loudspeaker Production in Mexico

In value terms, loudspeaker production reduced notably to $X in 2022 estimated in export price. Over the period under review, production saw a deep reduction. The growth pace was the most rapid in 2021 with an increase of 91% against the previous year. Over the period under review, production hit record highs at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

Loudspeaker Exports

Exports from Mexico

In 2022, the amount of loudspeakers exported from Mexico soared to X units, rising by 21% on the previous year. Overall, exports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by 180% against the previous year. The exports peaked at X units in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, loudspeaker exports soared to $X in 2022. In general, exports, however, recorded a noticeable setback. The growth pace was the most rapid in 2013 with an increase of 25%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X units) was the main destination for loudspeaker exports from Mexico, with a 86% share of total exports. Moreover, loudspeaker exports to the United States exceeded the volume sent to the second major destination, China (X units), sevenfold.

From 2012 to 2022, the average annual growth rate of volume to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+39.1% per year) and Germany (-2.2% per year).

In value terms, the United States ($X) remains the key foreign market for loudspeakers exports from Mexico, comprising 87% of total exports. The second position in the ranking was held by China ($X), with an 11% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the United States amounted to -2.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+37.4% per year) and Germany (-1.8% per year).

Export Prices by Country

The average loudspeaker export price stood at $X per unit in 2022, approximately equating the previous year. In general, the export price, however, recorded a noticeable curtailment. The most prominent rate of growth was recorded in 2015 when the average export price increased by 347% against the previous year. The export price peaked at $X per unit in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to China ($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 Germany (+0.4%), while the prices for the other major destinations experienced a decline.

Loudspeaker Imports

Imports into Mexico

After five years of growth, purchases abroad of loudspeakers decreased by -3% to X units in 2022. Over the period under review, imports recorded a slight slump. The growth pace was the most rapid in 2021 when imports increased by 105% against the previous year. Over the period under review, imports hit record highs at X units in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, loudspeaker imports soared to $X in 2022. In general, imports, however, showed a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X units) constituted the largest loudspeaker supplier to Mexico, with a 72% share of total imports. Moreover, loudspeaker imports from China exceeded the figures recorded by the second-largest supplier, Vietnam (X units), sixfold. The third position in this ranking was taken by the United States (X units), with a 7.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+9.6% per year) and the United States (-7.6% per year).

In value terms, China ($X) constituted the largest supplier of loudspeakers to Mexico, comprising 54% of total imports. The second position in the ranking was held by Vietnam ($X), with a 17% share of total imports. It was followed by the United States, with a 16% share.

From 2012 to 2022, the average annual growth rate of value from China totaled -1.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+15.2% per year) and the United States (-0.4% per year).

Import Prices by Country

In 2022, the average loudspeaker import price amounted to $X per unit, picking up by 25% against the previous year. Over the period under review, the import price posted a pronounced expansion. The pace of growth appeared the most rapid in 2015 when the average import price increased by 288% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Malaysia ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+7.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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