Uzbekistan: Loudspeaker Market 2024

Loudspeaker Market Size in Uzbekistan

The Uzbek loudspeaker market contracted to $X in 2022, waning by -8.3% against the previous year. Overall, consumption showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market remained at a lower figure.

Loudspeaker Production in Uzbekistan

In value terms, loudspeaker production dropped to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a pronounced shrinkage. The most prominent rate of growth was recorded in 2013 with an increase of 22%. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

Loudspeaker Exports

Exports from Uzbekistan

For the third consecutive year, Uzbekistan recorded growth in shipments abroad of loudspeakers, which increased by 0.9% to X units in 2022. Over the period under review, exports continue to indicate significant growth. The pace of growth was the most pronounced in 2017 with an increase of 867% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to see gradual growth in the immediate term.

In value terms, loudspeaker exports fell notably to $X in 2022. Overall, exports posted significant growth. The growth pace was the most rapid in 2018 when exports increased by 1,034% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2021, and then contracted sharply in the following year.

Exports by Country

Kazakhstan (X units) was the main destination for loudspeaker exports from Uzbekistan, accounting for a 89% share of total exports. Moreover, loudspeaker exports to Kazakhstan exceeded the volume sent to the second major destination, Kyrgyzstan (X units), eightfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Kazakhstan totaled +57.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kyrgyzstan (+41.9% per year) and Azerbaijan (0.0% per year).

In value terms, Kazakhstan ($X) emerged as the key foreign market for loudspeakers exports from Uzbekistan, comprising 87% of total exports. The second position in the ranking was taken by Kyrgyzstan ($X), with a 13% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Kazakhstan amounted to +50.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kyrgyzstan (+40.0% per year) and Azerbaijan (-25.8% per year).

Export Prices by Country

In 2022, the average loudspeaker export price amounted to $X per unit, reducing by -61.8% against the previous year. Over the period under review, the export price saw a abrupt decrease. The most prominent rate of growth was recorded in 2019 an increase of 289% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2020 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Kyrgyzstan ($X per unit), while the average price for exports to Azerbaijan ($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 Kyrgyzstan (-1.4%), while the prices for the other major destinations experienced a decline.

Loudspeaker Imports

Imports into Uzbekistan

In 2022, supplies from abroad of loudspeakers decreased by -12% to X units, falling for the third year in a row after three years of growth. Over the period under review, imports, however, posted a resilient increase. The most prominent rate of growth was recorded in 2019 with an increase of 84%. As a result, imports reached the peak of X units. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, loudspeaker imports expanded significantly to $X in 2022. Overall, imports, however, continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2019 with an increase of 142%. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in the near future.

Imports by Country

South Korea (X units), China (X units) and Hong Kong SAR (X units) were the main suppliers of loudspeaker imports to Uzbekistan, together comprising 93% of total imports.

From 2017 to 2022, the biggest increases were recorded for South Korea (with a CAGR of +361.9%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest loudspeaker suppliers to Uzbekistan were China ($X), South Korea ($X) and Hong Kong SAR ($X), together comprising 81% of total imports.

In terms of the main suppliers, South Korea, with a CAGR of +309.2%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average loudspeaker import price stood at $X per unit in 2022, increasing by 30% against the previous year. Over the period under review, the import price posted a buoyant expansion. The growth pace was the most rapid in 2020 an increase of 32% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in the near future.

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 ($X per unit), while the price for South Korea ($X per unit) was amongst the lowest.

From 2017 to 2022, the most notable rate of growth in terms of prices was attained by China (+28.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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