Europe: Loudspeaker Market 2024

Loudspeaker Market Size in Europe

In 2023, after two years of growth, there was significant decline in the Europe loudspeaker market, when its value decreased by X% to $X. The market value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2022, and then declined in the following year.

Loudspeaker Production in Europe

In value terms, loudspeaker production reduced to $X in 2023 estimated in export price. In general, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2022, and then fell in the following year.

Loudspeaker Exports

Exports in Europe

In 2023, shipments abroad of loudspeakers increased by X% to X units, rising for the third consecutive year after two years of decline. The total export volume increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. The volume of export peaked in 2023 and is likely to see steady growth in the near future.

In value terms, loudspeaker exports declined modestly to $X in 2023. Overall, exports showed a buoyant expansion. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. The level of export peaked at $X in 2022, and then declined in the following year.

Exports by Country

The shipments of the five major exporters of loudspeakers, namely Germany, Belgium, Hungary, Poland and the Netherlands, represented more than two-thirds of total export. The following exporters - the Czech Republic (X units), Ukraine (X units) and France (X units) - each recorded an X% share of total exports.

From 2012 to 2023, the biggest increases were recorded for the Netherlands (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Germany ($X) and Belgium ($X) appeared to be the countries with the highest levels of exports in 2023, together comprising X% of total exports.

The Netherlands, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the export price in Europe amounted to $X per unit, falling by X% against the previous year. Export price indicated a perceptible expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 an increase of X% against the previous year. The level of export peaked at $X per unit in 2022, and then shrank in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was France ($X per unit), while Ukraine ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by France (X%), while the other leaders experienced more modest paces of growth.

Loudspeaker Imports

Imports in Europe

In 2023, imports of loudspeakers in Europe was estimated at X units, almost unchanged from the year before. Over the period under review, imports saw a slight expansion. The pace of growth was the most pronounced in 2017 when imports increased by X%. As a result, imports attained the peak of X units. From 2018 to 2023, the growth of imports remained at a somewhat lower figure.

In value terms, loudspeaker imports fell to $X in 2023. Total imports indicated buoyant growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2014 indices. The pace of growth was the most pronounced in 2017 when imports increased by X%. Over the period under review, imports reached the maximum at $X in 2022, and then fell in the following year.

Imports by Country

Germany (X units) and Poland (X units) represented roughly X% of total imports in 2023. Belgium (X units) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Russia (X%), Hungary (X%), Spain (X%) and France (X%). The Netherlands (X units), the UK (X units), the Czech Republic (X units), Slovakia (X units), Italy (X units) and Sweden (X units) held a relatively small share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by the Netherlands (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest loudspeaker importing markets in Europe were Germany ($X), the Netherlands ($X) and France ($X), together comprising X% of total imports. The UK, Russia, Belgium, Poland, Italy, Sweden, Spain, the Czech Republic, Slovakia and Hungary lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Poland, with a CAGR of X%, saw 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 import price in Europe stood at $X per unit in 2023, with a decrease of X% against the previous year. Over the period under review, the import price, however, showed a notable increase. The most prominent rate of growth was recorded in 2018 when the import price increased by X% against the previous year. The level of import peaked at $X per unit in 2022, and then shrank in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the Netherlands ($X per unit), while Poland ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Italy (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform