Turkey: Loudspeaker Market 2025

Loudspeaker Market Size in Turkey

For the seventh year in a row, the Turkish loudspeaker market recorded growth in sales value, which increased by 5.7% to $X in 2021. Overall, consumption recorded a buoyant increase. Loudspeaker consumption peaked in 2021 and is expected to retain growth in the immediate term.

Loudspeaker Production in Turkey

In value terms, loudspeaker production rose significantly to $X in 2021 estimated in export price. In general, production, however, showed a dramatic curtailment. Loudspeaker production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Loudspeaker Exports

Exports from Turkey

In 2021, the amount of single loudspeakers (in enclosure) exported from Turkey skyrocketed to X units, with an increase of 24% compared with the year before. Over the period under review, exports saw a buoyant expansion. The pace of growth appeared the most rapid in 2014 when exports increased by 115% against the previous year. Over the period under review, the exports reached the maximum in 2021 and are expected to retain growth in years to come.

In value terms, loudspeaker exports soared to $X in 2021. In general, exports showed a significant increase. The growth pace was the most rapid in 2015 when exports increased by 120% against the previous year. The exports peaked in 2021 and are likely to see steady growth in the immediate term.

Exports by Country

Oman (X units) was the main destination for loudspeaker exports from Turkey, accounting for a 29% share of total exports. Moreover, loudspeaker exports to Oman exceeded the volume sent to the second major destination, Uzbekistan (X units), fourfold. The third position in this ranking was held by Turkmenistan (X units), with a 6% share.

From 2012 to 2021, the average annual growth rate of volume to Oman stood at +155.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uzbekistan (+159.1% per year) and Turkmenistan (+20.7% per year).

In value terms, the largest markets for loudspeaker exported from Turkey were Turkmenistan ($X), Kazakhstan ($X) and Cyprus ($X), with a combined 28% share of total exports. Uzbekistan, Senegal, Azerbaijan, Iraq, Qatar, North Macedonia, Oman, Iran, Croatia and Israel lagged somewhat behind, together accounting for a further 36%.

Uzbekistan, with a CAGR of +126.1%, recorded 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 loudspeaker export price amounted to $X per unit, rising by 76% against the previous year. In general, export price indicated a notable increase from 2012 to 2021: its price increased at an average annual rate of +4.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 when the average export price increased by 78% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2016 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Iraq ($X per unit), while the average price for exports to Oman ($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 North Macedonia (+17.9%), while the prices for the other major destinations experienced more modest paces of growth.

Loudspeaker Imports

Imports into Turkey

For the tenth consecutive year, Turkey recorded growth in supplies from abroad of single loudspeakers (in enclosure), which increased by 8.5% to X units in 2021. Over the period under review, imports enjoyed a buoyant increase. The pace of growth appeared the most rapid in 2015 when imports increased by 30%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the immediate term.

In value terms, loudspeaker imports stood at $X in 2021. Overall, total imports indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +6.7% 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 +15.8% against 2019 indices. The most prominent rate of growth was recorded in 2017 with an increase of 34%. Over the period under review, imports reached the peak figure in 2021 and are likely to see steady growth in years to come.

Imports by Country

In 2021, China (X units) was the main loudspeaker supplier to Turkey, with a approx. 98% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +18.8%.

In value terms, China ($X) constituted the largest supplier of single loudspeakers (in enclosure) to Turkey.

From 2012 to 2021, the average annual growth rate of value from China amounted to +7.5%.

Import Prices by Country

In 2021, the average loudspeaker import price amounted to $X per unit, reducing by -3.5% against the previous year. In general, the import price showed a drastic downturn. The most prominent rate of growth was recorded in 2017 when the average import price increased by 16%. Over the period under review, average import prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2021, the rate of growth in terms of prices for China amounted to -9.5% per year.

Source: IndexBox Platform

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