Peru: Multiple Loudspeakers Market 2025

Multiple Loudspeakers Market Size in Peru

The Peruvian multiple loudspeakers market surged to $X in 2021, growing by 108% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption posted prominent growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Multiple Loudspeakers Exports

Exports from Peru

In 2021, the amount of multiple loudspeakers (in enclosure) exported from Peru soared to X units, jumping by 210% on the year before. Over the period under review, exports showed a resilient increase. The pace of growth was the most pronounced in 2020 with an increase of 388%. The exports peaked in 2021 and are likely to see steady growth in the immediate term.

In value terms, multiple loudspeakers exports skyrocketed to $X in 2021. In general, exports posted a resilient increase. The pace of growth was the most pronounced in 2020 with an increase of 932%. Over the period under review, the exports reached the peak figure in 2021 and are likely to continue growth in the immediate term.

Exports by Country

Chile (X units), Ecuador (X units) and Honduras (X units) were the main destinations of multiple loudspeakers exports from Peru, with a combined 100% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Ecuador (with a CAGR of +18.9%), while the other leaders experienced mixed trend patterns.

In value terms, Chile ($X) remains the key foreign market for multiple loudspeakers (in enclosure) exports from Peru, comprising 94% of total exports. The second position in the ranking was held by Ecuador ($X), with a 5.7% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Chile stood at +6.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ecuador (+5.6% per year) and Honduras (-21.8% per year).

Export Prices by Country

The average multiple loudspeakers export price stood at $X per unit in 2021, reducing by -38.5% against the previous year. In general, the export price continues to indicate a slight curtailment. The pace of growth was the most pronounced in 2020 when the average export price increased by 112%. Over the period under review, the average export prices reached the peak figure at $X per unit in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Chile ($X per unit), while the average price for exports to Honduras ($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 Honduras (+2.5%), while the prices for the other major destinations experienced a decline.

Multiple Loudspeakers Imports

Imports into Peru

In 2021, the amount of multiple loudspeakers (in enclosure) imported into Peru surged to X units, rising by 110% compared with the previous year. Overall, imports recorded a remarkable increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, multiple loudspeakers imports skyrocketed to $X in 2021. In general, imports saw a prominent increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X units) was the main supplier of multiple loudspeakers to Peru, with a 91% share of total imports. Moreover, multiple loudspeakers imports from China exceeded the figures recorded by the second-largest supplier, Vietnam (X units), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from China totaled +6.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+12.1% per year) and Malaysia (+10.3% per year).

In value terms, China ($X) constituted the largest supplier of multiple loudspeakers (in enclosure) to Peru, comprising 71% of total imports. The second position in the ranking was taken by Malaysia ($X), with a 17% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +14.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+27.1% per year) and Vietnam (+21.7% per year).

Import Prices by Country

The average multiple loudspeakers import price stood at $X per unit in 2021, flattening at the previous year. Over the period under review, import price indicated prominent growth from 2012 to 2021: its price increased at an average annual rate of +5.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, multiple loudspeakers import price decreased by -17.1% against 2017 indices. The most prominent rate of growth was recorded in 2013 when the average import price increased by 32% against the previous year. The import price peaked at $X per unit in 2017; however, from 2018 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+15.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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