Poland: Loudspeaker Market 2024

Loudspeaker Market Size in Poland

In 2021, the Polish loudspeaker market increased by 21% to $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, the total consumption indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +5.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -17.5% against 2018 indices. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Loudspeaker Production in Poland

In value terms, loudspeaker production totaled $X in 2021 estimated in export price. In general, production, however, enjoyed a resilient expansion. The pace of growth appeared the most rapid in 2020 when the production volume increased by 106% against the previous year. Over the period under review, production attained the peak level in 2021 and is expected to retain growth in years to come.

Loudspeaker Exports

Exports from Poland

In 2021, exports of single loudspeakers (in enclosure) from Poland surged to X units, growing by 82% on the year before. Overall, exports showed a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of 106%. The exports peaked in 2021 and are likely to see gradual growth in years to come.

In value terms, loudspeaker exports skyrocketed to $X in 2021. Over the period under review, exports recorded a significant increase. The growth pace was the most rapid in 2017 with an increase of 64% against the previous year. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Germany (X units) was the main destination for loudspeaker exports from Poland, with a 30% share of total exports. Moreover, loudspeaker exports to Germany exceeded the volume sent to the second major destination, Spain (X units), threefold. The third position in this ranking was taken by Hungary (X units), with a 7.8% share.

From 2012 to 2021, the average annual growth rate of volume to Germany totaled +64.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+79.0% per year) and Hungary (+68.5% per year).

In value terms, Germany ($X) remains the key foreign market for single loudspeakers (in enclosure) exports from Poland, comprising 32% of total exports. The second position in the ranking was taken by France ($X), with a 14% share of total exports. It was followed by Italy, with a 5.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany amounted to +44.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+71.9% per year) and Italy (+74.8% per year).

Export Prices by Country

In 2021, the average loudspeaker export price amounted to $X per unit, falling by -33.8% against the previous year. Overall, the export price continues to indicate a deep reduction. The most prominent rate of growth was recorded in 2014 when the average export price increased by 66%. The export price peaked at $X per unit in 2018; however, from 2019 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 the Czech Republic ($X per unit), while the average price for exports to Spain ($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 the Czech Republic (+1.2%), while the prices for the other major destinations experienced a decline.

Loudspeaker Imports

Imports into Poland

For the fifth consecutive year, Poland recorded growth in overseas purchases of single loudspeakers (in enclosure), which increased by 73% to X units in 2021. Overall, imports continue to indicate resilient growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, loudspeaker imports skyrocketed to $X in 2021. Over the period under review, imports enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2017 when imports increased by 54% against the previous year. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in the immediate term.

Imports by Country

China (X units), Denmark (X units) and Germany (X units) were the main suppliers of loudspeaker imports to Poland, with a combined 62% share of total imports. The Netherlands, France, Italy, Slovakia and Vietnam lagged somewhat behind, together accounting for a further 29%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Slovakia (with a CAGR of +170.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest loudspeaker suppliers to Poland were Denmark ($X), China ($X) and the Netherlands ($X), together accounting for 62% of total imports. Germany, France, Slovakia, Italy and Vietnam lagged somewhat behind, together comprising a further 24%.

Slovakia, with a CAGR of +128.0%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average loudspeaker import price stood at $X per unit in 2021, dropping by -32.7% against the previous year. Overall, the import price showed a mild decline. The most prominent rate of growth was recorded in 2016 an increase of 31% against the previous year. Over the period under review, average import prices attained the maximum at $X per unit in 2018; however, from 2019 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 Denmark ($X per unit), while the price for Italy ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (+4.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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