Spain: Loudspeaker Market 2024

Loudspeaker Market Size in Spain

The Spanish loudspeaker market surged to $X in 2021, with an increase of 83% against the previous year. Over the period under review, consumption posted significant growth. Over the period under review, the market reached the maximum level in 2021 and is likely to see steady growth in the immediate term.

Loudspeaker Production in Spain

In value terms, loudspeaker production skyrocketed to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a noticeable shrinkage. The most prominent rate of growth was recorded in 2016 with an increase of 59% against the previous year. Loudspeaker production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Loudspeaker Exports

Exports from Spain

After three years of growth, overseas shipments of single loudspeakers (in enclosure) decreased by -2.4% to X units in 2021. Overall, exports, however, showed a strong expansion. The growth pace was the most rapid in 2018 with an increase of 114% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2020, and then fell in the following year.

In value terms, loudspeaker exports rose slightly to $X in 2021. In general, exports, however, continue to indicate a prominent expansion. The growth pace was the most rapid in 2018 with an increase of 89% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

Germany (X units), France (X units) and Portugal (X units) were the main destinations of loudspeaker exports from Spain, together comprising 60% of total exports. The Netherlands, the UK, Poland, Italy, the United States and Morocco lagged somewhat behind, together accounting for a further 25%.

From 2012 to 2021, the biggest increases were recorded for Poland (with a CAGR of +66.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for loudspeaker exported from Spain were Germany ($X), Poland ($X) and France ($X), with a combined 48% share of total exports.

In terms of the main countries of destination, Poland, with a CAGR of +45.2%, 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

In 2021, the average loudspeaker export price amounted to $X per unit, growing by 5.4% against the previous year. In general, the export price, however, showed a perceptible reduction. The growth pace was the most rapid in 2015 an increase of 61% against the previous year. 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 Poland ($X per unit), while the average price for exports to the United States ($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 Germany (+4.7%), while the prices for the other major destinations experienced a decline.

Loudspeaker Imports

Imports into Spain

In 2021, the amount of single loudspeakers (in enclosure) imported into Spain soared to X units, growing by 80% compared with the previous year. Overall, imports posted a significant expansion. The most prominent rate of growth was recorded in 2019 when imports increased by 125%. Imports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, loudspeaker imports expanded markedly to $X in 2021. In general, imports recorded resilient growth. The pace of growth appeared the most rapid in 2019 when imports increased by 49% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest loudspeaker supplier to Spain, with a 57% share of total imports. Moreover, loudspeaker imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), fivefold. Belgium (X units) ranked third in terms of total imports with a 7.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +28.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+32.0% per year) and Belgium (+6.0% per year).

In value terms, Germany ($X), China ($X) and the Netherlands ($X) were the largest loudspeaker suppliers to Spain, with a combined 69% share of total imports. Italy, France, Belgium and Hungary lagged somewhat behind, together comprising a further 19%.

Hungary, with a CAGR of +99.5%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average loudspeaker import price stood at $X per unit in 2021, dropping by -38.7% against the previous year. Overall, the import price continues to indicate a deep contraction. The most prominent rate of growth was recorded in 2014 an increase of 45%. As a result, import price attained the peak level of $X per unit. From 2015 to 2021, the average import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (-5.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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