Thailand: Non-Enclosed Loudspeakers Market 2025

Non-Enclosed Loudspeakers Market Size in Thailand

In 2021, the Thai non-enclosed loudspeakers market increased by 24% to $X, rising for the fourth year in a row after two years of decline. In general, consumption continues to indicate a significant expansion. Over the period under review, the market attained the maximum level in 2021 and is likely to see steady growth in the immediate term.

Non-Enclosed Loudspeakers Production in Thailand

In value terms, non-enclosed loudspeakers production declined markedly to $X in 2021 estimated in export price. In general, production continues to indicate a significant expansion. The most prominent rate of growth was recorded in 2019 with an increase of 9,510%. Over the period under review, production reached the peak level at $X in 2020, and then declined significantly in the following year.

Non-Enclosed Loudspeakers Exports

Exports from Thailand

In 2021, shipments abroad of loudspeakers (not in enclosure) increased by 10% to X units, rising for the second year in a row after two years of decline. In general, exports showed a resilient increase. The most prominent rate of growth was recorded in 2020 when exports increased by 165% against the previous year. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in the near future.

In value terms, non-enclosed loudspeakers exports declined dramatically to $X in 2021. Over the period under review, total exports indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +5.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +48.4% against 2019 indices. The pace of growth appeared the most rapid in 2020 when exports increased by 81% against the previous year. As a result, the exports attained the peak of $X, and then reduced dramatically in the following year.

Exports by Country

The United States (X units), Japan (X units) and Vietnam (X units) were the main destinations of non-enclosed loudspeakers exports from Thailand, with a combined 48% share of total exports. These countries were followed by Hong Kong SAR, Indonesia, Malaysia, China, India, Germany, Argentina, Singapore, South Africa and Lao People's Democratic Republic, which together accounted for a further 41%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Germany (with a CAGR of +118.8%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for non-enclosed loudspeakers exported from Thailand were the United States ($X), Argentina ($X) and Japan ($X), with a combined 47% share of total exports. Hong Kong SAR, Vietnam, India, Indonesia, Germany, China, South Africa, Singapore, Malaysia and Lao People's Democratic Republic lagged somewhat behind, together comprising a further 39%.

Germany, with a CAGR of +99.3%, saw the highest rates of growth with regard to 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 2021, the average non-enclosed loudspeakers export price amounted to $X per unit, waning by -25.4% against the previous year. Over the period under review, the export price saw a abrupt decline. The pace of growth was the most pronounced in 2019 an increase of 25%. Over the period under review, the average export prices hit record highs at $X per unit in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Argentina ($X per unit), while the average price for exports to Malaysia ($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 Argentina (+10.4%), while the prices for the other major destinations experienced a decline.

Non-Enclosed Loudspeakers Imports

Imports into Thailand

Non-enclosed loudspeakers imports into Thailand stood at X units in 2021, with an increase of 12% compared with the previous year. Over the period under review, total imports indicated measured growth from 2012 to 2021: its volume increased at an average annual rate of +3.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +26.2% against 2019 indices. The most prominent rate of growth was recorded in 2016 with an increase of 52% against the previous year. Over the period under review, imports attained the maximum at X units in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, non-enclosed loudspeakers imports surged to $X in 2021. Overall, total imports indicated a moderate increase from 2012 to 2021: its value increased at an average annual rate of +4.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +68.3% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X units) constituted the largest non-enclosed loudspeakers supplier to Thailand, accounting for a 81% share of total imports. Moreover, non-enclosed loudspeakers imports from China exceeded the figures recorded by the second-largest supplier, Vietnam (X units), eightfold. The third position in this ranking was taken by Japan (X units), with a 4.5% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +6.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+2.8% per year) and Japan (-0.1% per year).

In value terms, China ($X) constituted the largest supplier of loudspeakers (not in enclosure) to Thailand, comprising 78% of total imports. The second position in the ranking was held by Vietnam ($X), with an 11% share of total imports. It was followed by Japan, with a 3.7% share.

From 2012 to 2021, the average annual growth rate of value from China totaled +6.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+4.9% per year) and Japan (-1.5% per year).

Import Prices by Country

In 2021, the average non-enclosed loudspeakers import price amounted to $X per unit, jumping by 18% against the previous year. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 28% against the previous year. Over the period under review, average import prices hit record highs in 2021 and is likely to see steady growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Indonesia ($X per unit), while the price for Japan ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+35.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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