Report Update Feb 1, 2025

Thailand - Loudspeakers - Market Analysis, Forecast, Size, Trends and Insights

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Thailand: Loudspeaker Market 2025

Loudspeaker Market Size in Thailand

The Thai loudspeaker market shrank to $X in 2022, declining by -12.4% against the previous year. Overall, consumption, however, posted a significant increase. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Loudspeaker Production in Thailand

In value terms, loudspeaker production surged to $X in 2022 estimated in export price. In general, production, however, continues to indicate significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 604% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Loudspeaker Exports

Exports from Thailand

In 2022, shipments abroad of loudspeakers increased by 14% to X units, rising for the third year in a row after two years of decline. In general, exports recorded a remarkable increase. The most prominent rate of growth was recorded in 2020 when exports increased by 89%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, loudspeaker exports soared to $X in 2022. Over the period under review, exports showed a resilient expansion. The growth pace was the most rapid in 2020 with an increase of 179%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in years to come.

Exports by Country

The United States (X units) was the main destination for loudspeaker exports from Thailand, with a 30% share of total exports. Moreover, loudspeaker exports to the United States exceeded the volume sent to the second major destination, Vietnam (X units), twofold. Japan (X units) ranked third in terms of total exports with an 11% share.

From 2012 to 2022, the average annual growth rate of volume to the United States stood at +88.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (+46.0% per year) and Japan (-5.0% per year).

In value terms, the United States ($X) remains the key foreign market for loudspeakers exports from Thailand, comprising 63% of total exports. The second position in the ranking was taken by Belgium ($X), with a 4.9% share of total exports. It was followed by the Netherlands, with a 4.7% share.

From 2012 to 2022, the average annual growth rate of value to the United States stood at +85.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+56.7% per year) and the Netherlands (+66.0% per year).

Export Prices by Country

In 2022, the average loudspeaker export price amounted to $X per unit, picking up by 26% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.6%. The pace of growth appeared the most rapid in 2020 an increase of 47%. As a result, the export price reached the peak level of $X per unit. From 2021 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Germany ($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 Belgium (+21.4%), while the prices for the other major destinations experienced a decline.

Loudspeaker Imports

Imports into Thailand

In 2022, purchases abroad of loudspeakers increased by 22% to X units, rising for the seventh consecutive year after two years of decline. In general, imports showed buoyant growth. The growth pace was the most rapid in 2021 with an increase of 35% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the immediate term.

In value terms, loudspeaker imports skyrocketed to $X in 2022. Over the period under review, imports recorded resilient growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X units) constituted the largest loudspeaker supplier to Thailand, accounting for a 84% share of total imports. Moreover, loudspeaker imports from China exceeded the figures recorded by the second-largest supplier, Vietnam (X units), eightfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +7.7%.

In value terms, China ($X) constituted the largest supplier of loudspeakers to Thailand, comprising 83% of total imports. The second position in the ranking was held by Vietnam ($X), with a 6.7% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +8.6%.

Import Prices by Country

The average loudspeaker import price stood at $X per unit in 2022, rising by 5.1% against the previous year. Overall, the import price, however, continues to indicate a mild slump. The pace of growth was the most pronounced in 2018 when the average import price increased by 8.7%. As a result, import price attained the peak level of $X per unit. From 2019 to 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per unit), while the price for Vietnam totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+0.8%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for loudspeakers in the world?

China constituted the country with the largest volume of loudspeaker consumption, comprising approx. 23% of total volume. Moreover, loudspeaker consumption in China exceeded the figures recorded by the second-largest consumer, India, twofold. The third position in this ranking was occupied by Germany, with a 6.6% share.

What are the largest producers of loudspeakers in the world?

China remains the largest loudspeaker producing country worldwide, comprising approx. 60% of total volume. Moreover, loudspeaker production in China exceeded the figures recorded by the second-largest producer, Vietnam, fourfold. The third position in this ranking was occupied by South Africa, with a 4.3% share.

What are the leading suppliers of loudspeakers to Thailand?

In value terms, China constituted the largest supplier of loudspeaker to Thailand, comprising 80% of total imports. The second position in the ranking was occupied by Vietnam, with a 6.8% share of total imports.

What are the leading importers of loudspeakers from Thailand?

In value terms, the United States remains the key foreign market for loudspeaker exports from Thailand, comprising 51% of total exports. The second position in the ranking was occupied by the Netherlands, with a 7.7% share of total exports. It was followed by Argentina, with a 6.6% share.

What is the average export price for loudspeakers in Thailand?

The average loudspeaker export price stood at $2.9 per unit in 2021, with an increase of 28% against the previous year.

What is the average import price for loudspeakers in Thailand?

In 2021, the average loudspeaker import price amounted to $2.1 per unit, waning by -2.9% against the previous year.

This report provides an in-depth analysis of the loudspeaker market in Thailand. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 26404235 - Single loudspeakers mounted in their enclosures (including frames or cabinets mainly designed for mounting loudspeakers)
Prodcom 26404237 - Multiple loudspeakers mounted in the same enclosure (including frames or cabinets mainly designed for mounting loudspeakers)
Prodcom 26404239 - Loudspeakers (including speaker drive units, frames or cabinets mainly designed for mounting loudspeakers) (excluding those mounted in their enclosures)

Country coverage:

Thailand

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Thailand
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country Of Destination, 2012–2024