Northern America: Multiple Loudspeakers Market 2024

Multiple Loudspeakers Market Size in Northern America

The North American multiple loudspeakers market surged to $X in 2021, increasing by 30% against the previous year. The total consumption indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +8.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +87.3% against 2017 indices. Over the period under review, the market hit record highs in 2021 and is likely to see gradual growth in years to come.

Multiple Loudspeakers Production in Northern America

In value terms, multiple loudspeakers production soared to $X in 2021 estimated in export price. Overall, production showed a buoyant expansion. The growth pace was the most rapid in 2018 with an increase of 326%. As a result, production reached the peak level of $X. From 2019 to 2021, production growth failed to regain momentum.

Multiple Loudspeakers Exports

Exports in Northern America

In 2021, overseas shipments of multiple loudspeakers (in enclosure) increased by 8.2% to X units for the first time since 2015, thus ending a five-year declining trend. Total exports indicated a modest increase from 2012 to 2021: its volume increased at an average annual rate of +1.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2015 with an increase of 38% against the previous year. As a result, the exports reached the peak of X units. From 2016 to 2021, the growth of the exports remained at a lower figure.

In value terms, multiple loudspeakers exports reached $X in 2021. The total export value increased at an average annual rate of +2.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when exports increased by 15% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

In 2021, the United States (X units) was the key exporter of multiple loudspeakers (in enclosure), comprising 84% of total exports. It was distantly followed by Canada (X units), comprising a 16% share of total exports.

The United States was also the fastest-growing in terms of the multiple loudspeakers (in enclosure) exports, with a CAGR of +2.6% from 2012 to 2021. Canada (-1.4%) illustrated a downward trend over the same period. While the share of the United States (+5.3 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Canada (-5.3 p.p.) displayed negative dynamics.

In value terms, the United States ($X) remains the largest multiple loudspeakers supplier in Northern America, comprising 82% of total exports. The second position in the ranking was held by Canada ($X), with an 18% share of total exports.

In the United States, multiple loudspeakers exports increased at an average annual rate of +1.8% over the period from 2012-2021.

Export Prices by Country

The export price in Northern America stood at $X per unit in 2021, surging by 1.7% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 14% against the previous year. The level of export peaked at $X per unit in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2021, the country with the highest price was Canada ($X per unit), while the United States stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+5.3%).

Multiple Loudspeakers Imports

Imports in Northern America

Multiple loudspeakers imports soared to X units in 2021, increasing by 21% compared with the previous year's figure. Total imports indicated prominent growth from 2012 to 2021: its volume increased at an average annual rate of +6.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +87.0% against 2018 indices. The growth pace was the most rapid in 2020 when imports increased by 48% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to continue growth in the near future.

In value terms, multiple loudspeakers imports skyrocketed to $X in 2021. Total imports indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +8.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +82.8% against 2018 indices. The pace of growth appeared the most rapid in 2020 with an increase of 35% against the previous year. The level of import peaked in 2021 and is expected to retain growth in the immediate term.

Imports by Country

The United States dominates imports structure, reaching X units, which was near 93% of total imports in 2021. It was distantly followed by Canada (X units), making up a 6.7% share of total imports.

From 2012 to 2021, average annual rates of growth with regard to multiple loudspeakers imports into the United States stood at +6.0%. At the same time, Canada (+6.7%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing importer imported in Northern America, with a CAGR of +6.7% from 2012-2021. The shares of the largest importers remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported multiple loudspeakers (in enclosure) in Northern America, comprising 87% of total imports. The second position in the ranking was held by Canada ($X), with a 13% share of total imports.

In the United States, multiple loudspeakers imports expanded at an average annual rate of +8.3% over the period from 2012-2021.

Import Prices by Country

In 2021, the import price in Northern America amounted to $X per unit, with an increase of 3% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.2%. The most prominent rate of growth was recorded in 2015 when the import price increased by 21%. The level of import peaked at $X per unit in 2019; however, from 2020 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Canada ($X per unit), while the United States stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+2.4%).

Source: IndexBox Platform

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