Portugal: Loudspeaker Market 2025

Loudspeaker Market Size in Portugal

The Portuguese loudspeaker market surged to $X in 2021, picking up by 61% against the previous year. Overall, consumption continues to indicate significant growth. Loudspeaker consumption peaked in 2021 and is likely to see gradual growth in the near future.

Loudspeaker Production in Portugal

In value terms, loudspeaker production expanded significantly to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a pronounced decline. Loudspeaker production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Loudspeaker Exports

Exports from Portugal

After two years of growth, shipments abroad of single loudspeakers (in enclosure) decreased by -19.2% to X units in 2021. In general, exports, however, posted notable growth. The most prominent rate of growth was recorded in 2019 when exports increased by 77%. Over the period under review, the exports attained the maximum at X units in 2020, and then contracted remarkably in the following year.

In value terms, loudspeaker exports dropped rapidly to $X in 2021. Overall, exports continue to indicate a abrupt decrease. The pace of growth appeared the most rapid in 2017 when exports increased by 59%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Cote d'Ivoire (X units) was the main destination for loudspeaker exports from Portugal, with a 18% share of total exports. Moreover, loudspeaker exports to Cote d'Ivoire exceeded the volume sent to the second major destination, Angola (X units), twofold. France (X units) ranked third in terms of total exports with a 7.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Cote d'Ivoire totaled +5,616.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Angola (-9.4% per year) and France (+68.8% per year).

In value terms, Angola ($X) remains the key foreign market for single loudspeakers (in enclosure) exports from Portugal, comprising 25% of total exports. The second position in the ranking was held by China ($X), with a 9.7% share of total exports. It was followed by Cote d'Ivoire, with an 8.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Angola stood at -4.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+87.0% per year) and Cote d'Ivoire (+498.2% per year).

Export Prices by Country

In 2021, the average loudspeaker export price amounted to $X per unit, declining by -22.7% against the previous year. Over the period under review, the export price recorded a abrupt curtailment. The growth pace was the most rapid in 2017 when the average export price increased by 67%. Over the period under review, the average export prices hit record highs at $X per unit in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Angola ($X per unit), while the average price for exports to Syrian Arab Republic ($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 Saudi Arabia (+6.8%), while the prices for the other major destinations experienced more modest paces of growth.

Loudspeaker Imports

Imports into Portugal

In 2021, imports of single loudspeakers (in enclosure) into Portugal soared to X units, with an increase of 81% against the year before. Overall, imports posted a significant expansion. The pace of growth appeared the most rapid in 2017 when imports increased by 114% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

In value terms, loudspeaker imports expanded remarkably to $X in 2021. Over the period under review, imports continue to indicate a buoyant expansion. The pace of growth appeared the most rapid in 2018 with an increase of 75%. Imports peaked in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, Belgium (X units) constituted the largest supplier of loudspeaker to Portugal, with a 47% share of total imports. Moreover, loudspeaker imports from Belgium exceeded the figures recorded by the second-largest supplier, China (X units), twofold. The third position in this ranking was held by Hungary (X units), with an 8.6% share.

From 2012 to 2021, the average annual growth rate of volume from Belgium stood at +32.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+24.8% per year) and Hungary (+84.5% per year).

In value terms, Belgium ($X), Spain ($X) and China ($X) appeared to be the largest loudspeaker suppliers to Portugal, with a combined 56% share of total imports. These countries were followed by the Netherlands, Germany, Hungary and the UK, which together accounted for a further 20%.

Among the main suppliers, Hungary, with a CAGR of +81.3%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average loudspeaker import price amounted to $X per unit, which is down by -37.8% against the previous year. Over the period under review, the import price showed a perceptible setback. The pace of growth appeared the most rapid in 2014 an increase of 28% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2016; however, from 2017 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+4.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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