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

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