Northern America: Loudspeaker Market 2025

Loudspeaker Market Size in Northern America

For the fourth year in a row, the North American loudspeaker market recorded growth in sales value, which increased by 15% to $X in 2022. The total consumption indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +6.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +84.6% against 2012 indices. The level of consumption peaked in 2022 and is expected to retain growth in the near future.

Loudspeaker Production in Northern America

In value terms, loudspeaker production fell modestly to $X in 2022 estimated in export price. Overall, production, however, showed a noticeable expansion. The growth pace was the most rapid in 2019 with an increase of 72%. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

Loudspeaker Exports

Exports in Northern America

In 2022, the amount of loudspeakers exported in Northern America rose slightly to X units, picking up by 4.3% compared with 2021. In general, exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by 26%. Over the period under review, the exports attained the peak figure 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. The total export value increased at an average annual rate of +1.9% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The level of export peaked at $X in 2017; afterwards, it flattened through to 2022.

Exports by Country

The United States prevails in exports structure, finishing at X units, which was near 97% of total exports in 2022. Canada (X units) followed a long way behind the leaders.

The United States experienced a relatively flat trend pattern with regard to volume of exports of loudspeakers. At the same time, Canada (+2.5%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing exporter exported in Northern America, with a CAGR of +2.5% from 2012-2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) remains the largest loudspeaker supplier in Northern America, comprising 89% of total exports. The second position in the ranking was held by Canada ($X), with an 11% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in the United States amounted to +1.6%.

Export Prices by Country

The export price in Northern America stood at $X per unit in 2022, picking up by 11% against the previous year. Over the last decade, it increased at an average annual rate of +1.3%. The pace of growth appeared the most rapid in 2017 an increase of 12%. As a result, the export price attained the peak level of $X per unit. From 2018 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Canada ($X per unit), while the United States stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+2.6%).

Loudspeaker Imports

Imports in Northern America

In 2022, the amount of loudspeakers imported in Northern America reduced to X units, approximately mirroring 2021. The total import volume increased at an average annual rate of +1.3% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 18%. As a result, imports reached the peak of X units, leveling off in the following year.

In value terms, loudspeaker imports soared to $X in 2022. Total imports indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +6.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +65.0% against 2016 indices. The growth pace was the most rapid in 2021 when imports increased by 22%. The level of import peaked in 2022 and is likely to see steady growth in years to come.

Imports by Country

The United States prevails in imports structure, finishing at X units, which was near 93% of total imports in 2022. It was distantly followed by Canada (X units), committing a 6.5% share of total imports.

The United States was also the fastest-growing in terms of the loudspeakers imports, with a CAGR of +1.8% from 2012 to 2022. Canada (-3.4%) illustrated a downward trend over the same period. The United States (+3.9 p.p.) significantly strengthened its position in terms of the total imports, while Canada saw its share reduced by -3.9% from 2012 to 2022, respectively.

In value terms, the United States ($X) constitutes the largest market for imported loudspeakers in Northern America, comprising 89% of total imports. The second position in the ranking was taken by Canada ($X), with an 11% share of total imports.

In the United States, loudspeaker imports expanded at an average annual rate of +7.1% over the period from 2012-2022.

Import Prices by Country

In 2022, the import price in Northern America amounted to $X per unit, growing by 19% against the previous year. Import price indicated a strong expansion from 2012 to 2022: its price increased at an average annual rate of +5.3% 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 +58.9% against 2018 indices. The growth pace was the most rapid in 2020 when the import price increased by 21% against the previous year. Over the period under review, import prices hit record highs in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Canada ($X per unit), while the United States stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+7.7%).

Source: IndexBox Platform

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