Singapore: Loudspeaker Market 2025

Loudspeaker Market Size in Singapore

The Singaporean loudspeaker market contracted dramatically to $X in 2021, with a decrease of -34% against the previous year. Overall, consumption showed a slight decline. Loudspeaker consumption peaked at $X in 2015; however, from 2016 to 2021, consumption remained at a lower figure.

Loudspeaker Production in Singapore

In value terms, loudspeaker production rose sharply to $X in 2021 estimated in export price. Overall, the total production indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +5.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -7.8% against 2019 indices. The most prominent rate of growth was recorded in 2016 with an increase of 27% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Loudspeaker Exports

Exports from Singapore

In 2021, overseas shipments of single loudspeakers (in enclosure) increased by 85% to X units, rising for the third consecutive year after five years of decline. Over the period under review, exports, however, saw a perceptible slump. Over the period under review, the exports attained the maximum at X units in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, loudspeaker exports skyrocketed to $X in 2021. Overall, total exports indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +5.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +66.1% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Indonesia (X units), Malaysia (X units) and Thailand (X units) were the main destinations of loudspeaker exports from Singapore, together comprising 53% of total exports. These countries were followed by Japan, India, the UK, the Philippines, China, the Netherlands, the United States, Paraguay, Sri Lanka and Germany, which together accounted for a further 37%.

From 2012 to 2021, the biggest increases were recorded for the UK (with a CAGR of +48.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X), Malaysia ($X) and Japan ($X) were the largest markets for loudspeaker exported from Singapore worldwide, together comprising 36% of total exports. The UK, the Netherlands, India, the Philippines, China, Thailand, Sri Lanka, the United States, Paraguay and Germany lagged somewhat behind, together accounting for a further 37%.

The Netherlands, with a CAGR of +60.5%, recorded the highest growth rate of the value of exports, among 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 loudspeaker export price stood at $X per unit in 2021, dropping by -19.3% against the previous year. Over the period under review, the export price, however, saw a prominent expansion. The most prominent rate of growth was recorded in 2017 when the average export price increased by 58% against the previous year. The export price peaked at $X per unit in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was the Netherlands ($X per unit), while the average price for exports to Paraguay ($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 Japan (+29.8%), while the prices for the other major destinations experienced more modest paces of growth.

Loudspeaker Imports

Imports into Singapore

In 2021, approx. X units of single loudspeakers (in enclosure) were imported into Singapore; which is down by -76.2% compared with the previous year's figure. Overall, imports showed a deep reduction. The most prominent rate of growth was recorded in 2018 with an increase of 112% against the previous year. Over the period under review, imports attained the maximum at X units in 2015; however, from 2016 to 2021, imports remained at a lower figure.

In value terms, loudspeaker imports fell markedly to $X in 2021. In general, imports saw a abrupt curtailment. The pace of growth appeared the most rapid in 2020 when imports increased by 166%. Imports peaked at $X in 2015; however, from 2016 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X units) constituted the largest loudspeaker supplier to Singapore, accounting for a 71% share of total imports. Moreover, loudspeaker imports from China exceeded the figures recorded by the second-largest supplier, Malaysia (X units), eightfold. The third position in this ranking was taken by Taiwan (Chinese) (X units), with a 6.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled -19.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (-1.7% per year) and Taiwan (Chinese) (+10.8% per year).

In value terms, China ($X) constituted the largest supplier of single loudspeakers (in enclosure) to Singapore, comprising 39% of total imports. The second position in the ranking was taken by Malaysia ($X), with a 4.3% share of total imports. It was followed by the United Arab Emirates, with a 4% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to -8.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (-6.5% per year) and the United Arab Emirates (+39.0% per year).

Import Prices by Country

In 2021, the average loudspeaker import price amounted to $X per unit, jumping by 76% against the previous year. Overall, the import price posted a prominent expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+15.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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