Spain: Loudspeaker Market 2025

Loudspeaker Market Size in Spain

The Spanish loudspeaker market rose sharply to $X in 2022, picking up by 7.1% against the previous year. Overall, the total consumption indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +9.2% 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 +12.2% against 2020 indices. Loudspeaker consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Loudspeaker Production in Spain

In value terms, loudspeaker production surged to $X in 2022 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Loudspeaker Exports

Exports from Spain

In 2022, exports of loudspeakers from Spain reduced to X units, with a decrease of -11.5% against the previous year. Overall, exports saw a pronounced slump. The pace of growth was the most pronounced in 2018 with an increase of 35%. Over the period under review, the exports reached the maximum at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, loudspeaker exports shrank to $X in 2022. In general, exports, however, enjoyed strong growth. The pace of growth appeared the most rapid in 2018 with an increase of 56% against the previous year. Over the period under review, the exports attained the maximum at $X in 2021, and then shrank in the following year.

Exports by Country

Italy (X units), Portugal (X units) and France (X units) were the main destinations of loudspeaker exports from Spain, with a combined 44% share of total exports. Germany, the UK, Morocco, Poland, the United States, Egypt, the Dominican Republic, Mexico, Andorra and Saudi Arabia lagged somewhat behind, together comprising a further 38%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Egypt (with a CAGR of +38.0%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Italy ($X) and the United States ($X) were the largest markets for loudspeaker exported from Spain worldwide, together accounting for 38% of total exports. France, Portugal, Poland, the UK, Saudi Arabia, Andorra, the Dominican Republic, Morocco, Mexico and Egypt lagged somewhat behind, together accounting for a further 34%.

Saudi Arabia, with a CAGR of +38.4%, 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

In 2022, the average loudspeaker export price amounted to $X per unit, reducing by -2.4% against the previous year. Over the period under review, the export price, however, showed strong growth. The most prominent rate of growth was recorded in 2013 when the average export price increased by 63% against the previous year. Over the period under review, the average export prices reached the maximum at $X per unit in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Egypt ($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 Germany (+26.9%), while the prices for the other major destinations experienced more modest paces of growth.

Loudspeaker Imports

Imports into Spain

In 2022, approx. X units of loudspeakers were imported into Spain; surging by 2.5% compared with 2021. Overall, total imports indicated a buoyant increase from 2012 to 2022: its volume increased at an average annual rate of +5.5% 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 +5.0% against 2020 indices. The pace of growth appeared the most rapid in 2015 with an increase of 33%. Over the period under review, imports attained the maximum at X units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, loudspeaker imports totaled $X in 2022. Over the period under review, total imports indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +6.7% 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 +16.3% against 2020 indices. The growth pace was the most rapid in 2014 with an increase of 18% against the previous year. Over the period under review, imports attained the maximum at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of loudspeaker to Spain, with a 52% share of total imports. Moreover, loudspeaker imports from China exceeded the figures recorded by the second-largest supplier, Poland (X units), fivefold. Hungary (X units) ranked third in terms of total imports with a 9.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +5.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+8.6% per year) and Hungary (+7.2% per year).

In value terms, China ($X) constituted the largest supplier of loudspeakers to Spain, comprising 50% of total imports. The second position in the ranking was held by Germany ($X), with a 9.2% share of total imports. It was followed by Belgium, with a 6.6% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to +10.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+3.5% per year) and Belgium (+3.5% per year).

Import Prices by Country

The average loudspeaker import price stood at $X per unit in 2022, surging by 1.9% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.1%. The pace of growth was the most pronounced in 2014 an increase of 12%. The import price peaked in 2022 and is likely to see steady growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+5.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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