South Africa: Loudspeaker Market 2025

Loudspeaker Market Size in South Africa

In 2022, the South African loudspeaker market increased by 7.3% to $X, rising for the second consecutive year after two years of decline. Over the period under review, the total consumption indicated a slight increase from 2012 to 2022: its value increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +35.9% against 2020 indices. Over the period under review, the market reached the peak level in 2022 and is expected to retain growth in the immediate term.

Loudspeaker Exports

Exports from South Africa

In 2022, shipments abroad of loudspeakers increased by 4.2% to X units, rising for the second consecutive year after two years of decline. In general, exports saw a buoyant expansion. The most prominent rate of growth was recorded in 2017 when exports increased by 62%. The exports peaked at X units in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, loudspeaker exports rose to $X in 2022. Overall, total exports indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +34.2% against 2020 indices. The most prominent rate of growth was recorded in 2017 with an increase of 44% against the previous year. Over the period under review, the exports attained the maximum at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Namibia (X units), Botswana (X units) and Lesotho (X units) were the main destinations of loudspeaker exports from South Africa, with a combined 53% share of total exports. Swaziland, Malawi, Zambia, Zimbabwe, Mozambique, China and Tanzania lagged somewhat behind, together accounting for a further 36%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by China (with a CAGR of +64.8%), while the other leaders experienced more modest paces of growth.

In value terms, Namibia ($X), Botswana ($X) and Swaziland ($X) constituted the largest markets for loudspeaker exported from South Africa worldwide, with a combined 47% share of total exports. Lesotho, China, Zambia, Mozambique, Zimbabwe, Malawi and Tanzania lagged somewhat behind, together accounting for a further 31%.

In terms of the main countries of destination, China, with a CAGR of +54.0%, recorded 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 loudspeaker export price stood at $X per unit in 2022, stabilizing at the previous year. Overall, the export price continues to indicate a pronounced decrease. The most prominent rate of growth was recorded in 2021 an increase of 20%. Over the period under review, the average export prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per unit), while the average price for exports to Lesotho ($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 Namibia (+5.4%), while the prices for the other major destinations experienced a decline.

Loudspeaker Imports

Imports into South Africa

In 2022, loudspeaker imports into South Africa contracted modestly to X units, which is down by -3.6% on 2021 figures. Overall, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 when imports increased by 32% against the previous year. Imports peaked at X units in 2021, and then dropped slightly in the following year.

In value terms, loudspeaker imports amounted to $X in 2022. In general, total imports indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +38.4% against 2020 indices. The pace of growth was the most pronounced in 2017 with an increase of 40% against the previous year. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest supplier of loudspeaker to South Africa, with a 84% share of total imports. Moreover, loudspeaker imports from China exceeded the figures recorded by the second-largest supplier, Vietnam (X units), more than tenfold. The third position in this ranking was held by Malaysia (X units), with a 4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +8.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+4.4% per year) and Malaysia (-7.3% per year).

In value terms, China ($X) constituted the largest supplier of loudspeakers to South Africa, comprising 83% of total imports. The second position in the ranking was held by Vietnam ($X), with a 6.6% share of total imports. It was followed by Malaysia, with a 1.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +7.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+3.0% per year) and Malaysia (-11.5% per year).

Import Prices by Country

In 2022, the average loudspeaker import price amounted to $X per unit, picking up by 14% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.4%. The most prominent rate of growth was recorded in 2013 an increase of 21%. Over the period under review, average import prices hit record highs at $X per unit in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per unit), while the price for Malaysia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+38.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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