Romania: Non-Enclosed Loudspeakers Market 2024

Non-Enclosed Loudspeakers Market Size in Romania

In 2021, after three years of growth, there was significant decline in the Romanian non-enclosed loudspeakers market, when its value decreased by -16.7% to $X. Overall, the total consumption indicated a moderate increase from 2012 to 2021: its value increased at an average annual rate of +2.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the peak level at $X in 2020, and then contracted sharply in the following year.

Non-Enclosed Loudspeakers Exports

Exports from Romania

Non-enclosed loudspeakers exports from Romania surged to X units in 2021, jumping by 128% compared with the previous year. Over the period under review, exports enjoyed a strong expansion. The growth pace was the most rapid in 2019 when exports increased by 445%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the near future.

In value terms, non-enclosed loudspeakers exports surged to $X in 2021. Overall, exports recorded a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Russia (X units), Germany (X units) and Bulgaria (X units) were the main destinations of non-enclosed loudspeakers exports from Romania, with a combined 47% share of total exports. These countries were followed by Norway, Turkmenistan, Greece, Hong Kong SAR, Hungary, Moldova, France, the United States and the UK, which together accounted for a further 43%.

From 2012 to 2021, the biggest increases were recorded for Turkmenistan (with a CAGR of +350.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), Norway ($X) and Bulgaria ($X) appeared to be the largest markets for non-enclosed loudspeakers exported from Romania worldwide, with a combined 51% share of total exports. These countries were followed by Hong Kong SAR, Moldova, Germany, Hungary, the United States, the UK, Greece, Turkmenistan and France, which together accounted for a further 37%.

Turkmenistan, with a CAGR of +170.2%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average non-enclosed loudspeakers export price stood at $X per unit in 2021, shrinking by -10.5% against the previous year. In general, the export price, however, enjoyed a mild increase. The pace of growth appeared the most rapid in 2013 an increase of 102% against the previous year. The export price peaked at $X per unit in 2017; however, from 2018 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Moldova ($X per unit), while the average price for exports to Turkmenistan ($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 Hong Kong SAR (+18.4%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Enclosed Loudspeakers Imports

Imports into Romania

After three years of growth, supplies from abroad of loudspeakers (not in enclosure) decreased by -14.1% to X units in 2021. Overall, total imports indicated a notable increase from 2012 to 2021: its volume increased at an average annual rate of +4.6% 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 +39.8% against 2017 indices. The pace of growth was the most pronounced in 2015 with an increase of 36%. Over the period under review, imports reached the peak figure at X units in 2020, and then declined in the following year.

In value terms, non-enclosed loudspeakers imports dropped rapidly to $X in 2021. The total import value increased at an average annual rate of +1.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2016 with an increase of 29% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China (X units), Germany (X units) and Hungary (X units) were the main suppliers of non-enclosed loudspeakers imports to Romania, together comprising 75% of total imports. These countries were followed by Belgium, Italy, Vietnam, Poland, Slovenia and Spain, which together accounted for a further 21%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Vietnam (with a CAGR of +141.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Germany ($X) and Belgium ($X) were the largest non-enclosed loudspeakers suppliers to Romania, with a combined 58% share of total imports. These countries were followed by Hungary, Vietnam, Italy, Poland, Spain and Slovenia, which together accounted for a further 32%.

Vietnam, with a CAGR of +112.6%, saw 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

In 2021, the average non-enclosed loudspeakers import price amounted to $X per unit, waning by -3.4% against the previous year. Overall, the import price showed a noticeable downturn. The growth pace was the most rapid in 2016 when the average import price increased by 22% against the previous year. Over the period under review, average import prices attained the peak figure at $X per unit in 2014; however, from 2015 to 2021, import prices remained at a 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 ($X per unit), while the price for Slovenia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+8.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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