Vietnam: Multiple Loudspeakers Market 2025

Multiple Loudspeakers Market Size in Vietnam

In 2021, the Vietnamese multiple loudspeakers market decreased by -36.3% to $X, falling for the third consecutive year after five years of growth. In general, consumption, however, saw tangible growth. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market failed to regain momentum.

Multiple Loudspeakers Production in Vietnam

In value terms, multiple loudspeakers production skyrocketed to $X in 2021 estimated in export price. Overall, production continues to indicate slight growth. The most prominent rate of growth was recorded in 2018 with an increase of 100% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2021, production growth failed to regain momentum.

Multiple Loudspeakers Exports

Exports from Vietnam

For the third year in a row, Vietnam recorded growth in overseas shipments of multiple loudspeakers (in enclosure), which increased by 21% to X units in 2021. In general, exports continue to indicate a significant increase. The pace of growth was the most pronounced in 2017 when exports increased by 280%. The exports peaked in 2021 and are likely to continue growth in the immediate term.

In value terms, multiple loudspeakers exports rose modestly to $X in 2021. Overall, exports continue to indicate a significant increase. The growth pace was the most rapid in 2016 when exports increased by 274%. The exports peaked in 2021 and are likely to see steady growth in the near future.

Exports by Country

The United States (X units), the United Arab Emirates (X units) and Mexico (X units) were the main destinations of multiple loudspeakers exports from Vietnam, with a combined 67% share of total exports. Russia, China, India, Hungary, Japan, the Netherlands, Germany, France and Slovakia lagged somewhat behind, together accounting for a further 26%.

From 2012 to 2021, the biggest increases were recorded for Slovakia (with a CAGR of +178.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for multiple loudspeakers (in enclosure) exports from Vietnam, comprising 49% of total exports. The second position in the ranking was held by Mexico ($X), with a 5.1% share of total exports. It was followed by Russia, with a 5% share.

From 2012 to 2021, the average annual growth rate of value to the United States amounted to +58.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+48.7% per year) and Russia (+58.1% per year).

Export Prices by Country

In 2021, the average multiple loudspeakers export price amounted to $X per unit, dropping by -13.9% against the previous year. In general, the export price recorded a perceptible decrease. The pace of growth appeared the most rapid in 2016 an increase of 88%. As a result, the export price attained the peak level of $X per unit. From 2017 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Russia ($X per unit), while the average price for exports to the United Arab Emirates ($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 Slovakia (+3.2%), while the prices for the other major destinations experienced a decline.

Multiple Loudspeakers Imports

Imports into Vietnam

In 2021, after nine years of growth, there was significant decline in purchases abroad of multiple loudspeakers (in enclosure), when their volume decreased by -59.2% to X units. Overall, imports, however, posted a strong increase. The pace of growth appeared the most rapid in 2018 with an increase of 33% against the previous year. Over the period under review, imports hit record highs at X units in 2020, and then plummeted in the following year.

In value terms, multiple loudspeakers imports fell remarkably to $X in 2021. Over the period under review, imports, however, posted a strong increase. The pace of growth was the most pronounced in 2018 when imports increased by 65% against the previous year. Over the period under review, imports attained the maximum at $X in 2020, and then fell markedly in the following year.

Imports by Country

In 2021, China (X units) constituted the largest multiple loudspeakers supplier to Vietnam, accounting for a 81% share of total imports. Moreover, multiple loudspeakers imports from China exceeded the figures recorded by the second-largest supplier, the Czech Republic (X units), more than tenfold. The third position in this ranking was taken by Italy (X units), with a 2.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +11.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (+70.6% per year) and Italy (+19.4% per year).

In value terms, China ($X) constituted the largest supplier of multiple loudspeakers (in enclosure) to Vietnam, comprising 81% of total imports. The second position in the ranking was held by the Czech Republic ($X), with a 3% share of total imports. It was followed by Italy, with a 2.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +16.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (+76.9% per year) and Italy (+24.4% per year).

Import Prices by Country

In 2021, the average multiple loudspeakers import price amounted to $X per unit, with an increase of 1.5% against the previous year. Overall, import price indicated a notable expansion from 2012 to 2021: its price increased at an average annual rate of +4.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, multiple loudspeakers import price decreased by -13.1% against 2019 indices. The growth pace was the most rapid in 2018 when the average import price increased by 23%. Over the period under review, average import prices hit record highs at $X per unit in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2021, the highest price was recorded for prices from Mexico ($X per unit) and the United States ($X per unit), while the price for China ($X per unit) and the UK ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+4.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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