South Africa: Multiple Loudspeakers Market 2024

Multiple Loudspeakers Market Size in South Africa

In 2021, the South African multiple loudspeakers market increased by 40% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption enjoyed strong growth. As a result, consumption reached the peak level of $X. From 2016 to 2021, the growth of the market remained at a lower figure.

Multiple Loudspeakers Exports

Exports from South Africa

In 2021, the amount of multiple loudspeakers (in enclosure) exported from South Africa soared to X units, picking up by 107% compared with the previous year's figure. Overall, exports saw a strong increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, multiple loudspeakers exports soared to $X in 2021. In general, total exports indicated a slight expansion from 2012 to 2021: its value increased at an average annual rate of +1.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 when exports increased by 78%. As a result, the exports reached the peak of $X. From 2018 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Namibia (X units), Botswana (X units) and Swaziland (X units) were the main destinations of multiple loudspeakers exports from South Africa, with a combined 49% share of total exports. These countries were followed by Angola, Burkina Faso, Zambia, Zimbabwe, Thailand, the United States, Mauritius, Mozambique, Senegal and Democratic Republic of the Congo, which together accounted for a further 38%.

From 2012 to 2021, the biggest increases were recorded for Democratic Republic of the Congo (with a CAGR of +72.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Botswana ($X), Namibia ($X) and Swaziland ($X) constituted the largest markets for multiple loudspeakers exported from South Africa worldwide, together comprising 44% of total exports. The United States, Thailand, Zambia, Zimbabwe, Angola, Democratic Republic of the Congo, Mozambique, Mauritius, Burkina Faso and Senegal lagged somewhat behind, together accounting for a further 34%.

Democratic Republic of the Congo, with a CAGR of +65.7%, 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 multiple loudspeakers export price stood at $X per unit in 2021, shrinking by -24.5% against the previous year. In general, the export price saw a deep contraction. The pace of growth appeared the most rapid in 2018 when the average export price increased by 48% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was the United States ($X per unit), while the average price for exports to Burkina Faso ($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 the United States (-2.7%), while the prices for the other major destinations experienced a decline.

Multiple Loudspeakers Imports

Imports into South Africa

In 2021, supplies from abroad of multiple loudspeakers (in enclosure) increased by 51% to X units, rising for the second consecutive year after four years of decline. Over the period under review, imports continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2015 when imports increased by 99% against the previous year. As a result, imports attained the peak of X units. From 2016 to 2021, the growth of imports remained at a lower figure.

In value terms, multiple loudspeakers imports soared to $X in 2021. The total import value increased at an average annual rate of +1.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of 26%. Imports peaked at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X units) was the main multiple loudspeakers supplier to South Africa, accounting for a 95% share of total imports. It was followed by Malaysia (X units), with a 0.6% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +18.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (-17.3% per year) and Mexico (-38.9% per year).

In value terms, China ($X) constituted the largest supplier of multiple loudspeakers (in enclosure) to South Africa, comprising 77% of total imports. The second position in the ranking was held by Malaysia ($X), with a 2.5% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +5.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (-10.7% per year) and Mexico (-22.2% per year).

Import Prices by Country

The average multiple loudspeakers import price stood at $X per unit in 2021, waning by -18.7% against the previous year. In general, the import price saw a abrupt decline. The pace of growth was the most pronounced in 2018 an increase of 46% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 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 Mexico ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+27.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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