Portugal: Loudspeaker Market 2025

Loudspeaker Market Size in Portugal

The Portuguese loudspeaker market soared to $X in 2022, growing by 25% against the previous year. Overall, consumption recorded a prominent increase. Over the period under review, the market reached the peak level in 2022 and is expected to retain growth in the near future.

Loudspeaker Production in Portugal

In value terms, loudspeaker production reduced markedly to $X in 2022 estimated in export price. Over the period under review, production, however, saw a deep slump. The growth pace was the most rapid in 2016 with an increase of 36% against the previous year. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Loudspeaker Exports

Exports from Portugal

In 2022, shipments abroad of loudspeakers decreased by -3.5% to X units, falling for the second consecutive year after four years of growth. Overall, exports continue to indicate a perceptible slump. The growth pace was the most rapid in 2018 when exports increased by 76% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, loudspeaker exports soared to $X in 2022. Over the period under review, exports continue to indicate a relatively flat trend pattern. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Spain (X units), Angola (X units) and Cote d'Ivoire (X units) were the main destinations of loudspeaker exports from Portugal, together comprising 43% of total exports. Qatar, Denmark, the Czech Republic, France, Brazil, China, Belgium, Cabo Verde, Singapore and Montenegro lagged somewhat behind, together comprising a further 36%.

From 2012 to 2022, the biggest increases were recorded for Montenegro (with a CAGR of +328.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Angola ($X) remains the key foreign market for loudspeakers exports from Portugal, comprising 24% of total exports. The second position in the ranking was held by Spain ($X), with an 11% share of total exports. It was followed by Belgium, with an 8.8% share.

From 2012 to 2022, the average annual growth rate of value to Angola was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (-5.4% per year) and Belgium (+60.5% per year).

Export Prices by Country

In 2022, the average loudspeaker export price amounted to $X per unit, surging by 60% against the previous year. Over the period under review, the export price saw measured growth. The most prominent rate of growth was recorded in 2016 when the average export price increased by 79% against the previous year. The export price peaked at $X per unit in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belgium ($X per unit), while the average price for exports to Montenegro ($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 Belgium (+9.1%), while the prices for the other major destinations experienced more modest paces of growth.

Loudspeaker Imports

Imports into Portugal

In 2022, imports of loudspeakers into Portugal skyrocketed to X units, with an increase of 19% compared with the previous year. In general, imports continue to indicate a prominent increase. The pace of growth was the most pronounced in 2014 with an increase of 126%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, loudspeaker imports soared to $X in 2022. Over the period under review, imports enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2018 when imports increased by 57% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.

Imports by Country

China (X units), Belgium (X units) and the Netherlands (X units) were the main suppliers of loudspeaker imports to Portugal, together comprising 80% of total imports. Germany, Spain, South Korea and Vietnam lagged somewhat behind, together comprising a further 15%.

From 2012 to 2022, the biggest increases were recorded for South Korea (with a CAGR of +79.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest loudspeaker suppliers to Portugal were the Netherlands ($X), Spain ($X) and China ($X), together comprising 60% of total imports. Germany, Belgium, Vietnam and South Korea lagged somewhat behind, together comprising a further 25%.

Vietnam, with a CAGR of +57.9%, recorded the highest growth rate of the value of imports, in terms of 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 2022, picking up by 12% against the previous year. Over the period under review, the import price, however, continues to indicate a abrupt shrinkage. The pace of growth appeared the most rapid in 2015 an increase of 99% against the previous year. The import price peaked at $X per unit in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($X per unit), while the price for South Korea ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+8.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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