Slovakia: Multiple Loudspeakers Market 2024

Multiple Loudspeakers Market Size in Slovakia

The Slovak multiple loudspeakers market rose notably to $X in 2021, increasing by 8% against the previous year. In general, the total consumption indicated a pronounced increase from 2012 to 2021: its value increased at an average annual rate of +3.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -11.1% against 2018 indices. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Multiple Loudspeakers Production in Slovakia

In value terms, multiple loudspeakers production stood at $X in 2021 estimated in export price. In general, the total production indicated measured growth from 2012 to 2021: its value increased at an average annual rate of +2.0% 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 -30.1% against 2018 indices. The pace of growth was the most pronounced in 2018 with an increase of 43%. As a result, production reached the peak level of $X. From 2019 to 2021, production growth remained at a lower figure.

Multiple Loudspeakers Exports

Exports from Slovakia

In 2021, overseas shipments of multiple loudspeakers (in enclosure) were finally on the rise to reach X units after two years of decline. In general, exports showed a significant expansion. The growth pace was the most rapid in 2016 when exports increased by 86%. Over the period under review, the exports reached the peak figure at X units in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, multiple loudspeakers exports soared to $X in 2021. Over the period under review, exports recorded significant growth. The most prominent rate of growth was recorded in 2016 with an increase of 223%. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

Poland (X units), the Czech Republic (X units) and Germany (X units) were the main destinations of multiple loudspeakers exports from Slovakia, with a combined 50% share of total exports. These countries were followed by Romania, the UK, Hungary, Austria, Turkey and Sweden, which together accounted for a further 30%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Turkey (with a CAGR of +260.1%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for multiple loudspeakers exported from Slovakia were Poland ($X), the Czech Republic ($X) and Germany ($X), together comprising 45% of total exports. Austria, the UK, Sweden, Romania, Hungary and Turkey lagged somewhat behind, together comprising a further 27%.

In terms of the main countries of destination, Turkey, with a CAGR of +145.3%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average multiple loudspeakers export price stood at $X per unit in 2021, picking up by 6.2% against the previous year. Over the period under review, the export price, however, showed a mild setback. The growth pace was the most rapid in 2016 an increase of 74%. The export price peaked at $X per unit in 2017; however, from 2018 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Sweden ($X per unit), while the average price for exports to Turkey ($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 Sweden (+55.7%), while the prices for the other major destinations experienced more modest paces of growth.

Multiple Loudspeakers Imports

Imports into Slovakia

In 2021, approx. X units of multiple loudspeakers (in enclosure) were imported into Slovakia; picking up by 20% compared with the year before. Over the period under review, imports showed a significant increase. The pace of growth was the most pronounced in 2016 with an increase of 119%. Over the period under review, imports attained the peak figure at X units in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, multiple loudspeakers imports surged to $X in 2021. Overall, imports continue to indicate prominent growth. The growth pace was the most rapid in 2016 with an increase of 140%. Over the period under review, imports attained the peak figure at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China (X units), the Czech Republic (X units) and the Netherlands (X units) were the main suppliers of multiple loudspeakers imports to Slovakia, together comprising 69% of total imports. Malaysia, Germany, Austria and Slovenia lagged somewhat behind, together comprising a further 24%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Slovenia (with a CAGR of +222.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest multiple loudspeakers suppliers to Slovakia were Slovenia ($X), China ($X) and the Netherlands ($X), together comprising 65% of total imports.

Slovenia, with a CAGR of +243.2%, recorded the highest rates of growth with regard to 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

In 2021, the average multiple loudspeakers import price amounted to $X per unit, with an increase of 6.4% against the previous year. In general, the import price, however, showed a slight setback. The pace of growth appeared the most rapid in 2013 an increase of 28% against the previous year. The import price peaked at $X per unit in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Slovenia ($X per unit), while the price for the Czech Republic ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Slovenia (+6.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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