U.S.: Multiple Loudspeakers Market 2024

Multiple Loudspeakers Market Size in the U.S.

The U.S. multiple loudspeakers market skyrocketed to $X in 2021, increasing by 37% against the previous year. Overall, the total consumption indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +9.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +94.2% against 2017 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Multiple Loudspeakers Production in the U.S.

In value terms, multiple loudspeakers production amounted to $X in 2021. Overall, production continues to indicate a prominent expansion. The most prominent rate of growth was recorded in 2018 when the production volume increased by 536% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2021, production growth remained at a somewhat lower figure.

Multiple Loudspeakers Exports

Exports from the U.S.

After four years of decline, overseas shipments of multiple loudspeakers (in enclosure) increased by 2% to X units in 2021. Over the period under review, total exports indicated a tangible expansion from 2012 to 2021: its volume increased at an average annual rate of +2.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -25.2% against 2016 indices. The pace of growth appeared the most rapid in 2015 with an increase of 32% against the previous year. Over the period under review, the exports hit record highs at X units in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, multiple loudspeakers exports expanded remarkably to $X in 2021. The total export value increased at an average annual rate of +1.8% from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of 14%. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

Exports by Country

Canada (X units) was the main destination for multiple loudspeakers exports from the United States, accounting for a 45% share of total exports. Moreover, multiple loudspeakers exports to Canada exceeded the volume sent to the second major destination, Mexico (X units), twofold. The third position in this ranking was taken by China (X units), with a 3.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Canada stood at +9.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+1.8% per year) and China (+4.5% per year).

In value terms, Canada ($X) remains the key foreign market for multiple loudspeakers (in enclosure) exports from the United States, comprising 49% of total exports. The second position in the ranking was held by Mexico ($X), with a 14% share of total exports. It was followed by China, with a 4.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Canada stood at +9.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+2.5% per year) and China (+2.4% per year).

Export Prices by Country

The average multiple loudspeakers export price stood at $X per unit in 2021, surging by 3.1% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the average export price increased by 10% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Hong Kong SAR ($X per unit), while the average price for exports to the United Arab Emirates ($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 the United Arab Emirates (+9.1%), while the prices for the other major destinations experienced more modest paces of growth.

Multiple Loudspeakers Imports

Imports into the U.S.

In 2021, multiple loudspeakers imports into the United States soared to X units, rising by 22% against the previous year. In general, total imports indicated strong growth from 2012 to 2021: its volume increased at an average annual rate of +6.0% 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 +94.3% against 2018 indices. The pace of growth appeared the most rapid in 2020 with an increase of 53%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the immediate term.

In value terms, multiple loudspeakers imports soared to $X in 2021. Overall, total imports indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +8.3% 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 +91.1% against 2018 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 39% against the previous year. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in years to come.

Imports by Country

China (X units), Vietnam (X units) and Malaysia (X units) were the main suppliers of multiple loudspeakers imports to the United States, with a combined 94% share of total imports. Mexico and Thailand lagged somewhat behind, together comprising a further 4.9%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Thailand (with a CAGR of +106.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Vietnam ($X) and Malaysia ($X) constituted the largest multiple loudspeakers suppliers to the United States, together comprising 86% of total imports. These countries were followed by Mexico and Thailand, which together accounted for a further 6.7%.

Thailand, with a CAGR of +105.8%, saw the highest growth rate of the value of imports, among 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 multiple loudspeakers import price stood at $X per unit in 2021, picking up by 3.3% against the previous year. Over the last nine years, it increased at an average annual rate of +2.1%. The most prominent rate of growth was recorded in 2015 when the average import price increased by 24%. Over the period under review, average import prices hit record highs at $X per unit in 2016; however, from 2017 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+7.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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