South-Eastern Asia: Loudspeaker Market 2024

Loudspeaker Market Size in South-Eastern Asia

In 2023, the Southeast Asian loudspeaker market decreased by X% to $X for the first time since 2019, thus ending a three-year rising trend. The total consumption indicated tangible 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, consumption increased by X% against 2019 indices. As a result, consumption attained the peak level of $X. From 2016 to 2023, the growth of the market remained at a lower figure.

Loudspeaker Production in South-Eastern Asia

In value terms, loudspeaker production fell slightly to $X in 2023 estimated in export price. Over the period under review, production showed notable growth. The most prominent rate of growth was recorded in 2015 when the production volume increased by X%. The level of production peaked at $X in 2017; however, from 2018 to 2023, production stood at a somewhat lower figure.

Loudspeaker Exports

Exports in South-Eastern Asia

Loudspeaker exports skyrocketed to X units in 2023, rising by X% on 2022 figures. Total exports indicated a resilient increase from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when exports increased by X%. Over the period under review, the exports reached the maximum in 2023 and are expected to retain growth in years to come.

In value terms, loudspeaker exports shrank to $X in 2023. In general, exports saw a buoyant expansion. The pace of growth was the most pronounced in 2014 when exports increased by X%. Over the period under review, the exports attained the peak figure at $X in 2022, and then dropped in the following year.

Exports by Country

Thailand was the key exporting country with an export of about X units, which accounted for X% of total exports. It was distantly followed by Vietnam (X units) and Malaysia (X units), together constituting a X% share of total exports. Myanmar (X units), Indonesia (X units) and Singapore (X units) followed a long way behind the leaders.

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

In value terms, Vietnam ($X) remains the largest loudspeaker supplier in South-Eastern Asia, comprising X% of total exports. The second position in the ranking was held by Malaysia ($X), with a X% share of total exports. It was followed by Thailand, with a X% share.

In Vietnam, loudspeaker exports increased at an average annual rate of X% over the period from 2012-2023. The remaining exporting countries recorded the following average annual rates of exports growth: Malaysia (X% per year) and Thailand (X% per year).

Export Prices by Country

In 2023, the export price in South-Eastern Asia amounted to $X per unit, with a decrease of X% against the previous year. Export price indicated moderate growth 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 2018 when the export price increased by X%. Over the period under review, the export prices hit record highs at $X per unit in 2022, and then shrank sharply in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Vietnam ($X per unit), while Myanmar ($X per unit) was amongst the lowest.

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

Loudspeaker Imports

Imports in South-Eastern Asia

In 2023, after three years of growth, there was decline in purchases abroad of loudspeakers, when their volume decreased by X% to X units. Overall, imports, however, saw a remarkable increase. The growth pace was the most rapid in 2022 with an increase of X%. As a result, imports reached the peak of X units, and then dropped slightly in the following year.

In value terms, loudspeaker imports shrank 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-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The level of import peaked at $X in 2022, and then shrank in the following year.

Imports by Country

Vietnam prevails in imports structure, finishing at X units, which was approx. X% of total imports in 2023. It was distantly followed by Malaysia (X units), creating an X% share of total imports. The following importers - Indonesia (X units), Thailand (X units) and the Philippines (X units) - together made up X% of total imports.

Vietnam was also the fastest-growing in terms of the loudspeakers imports, with a CAGR of X% from 2012 to 2023. At the same time, the Philippines (X%) and Indonesia (X%) displayed positive paces of growth. By contrast, Thailand (X%) and Malaysia (X%) illustrated a downward trend over the same period. While the share of Vietnam (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Thailand (X p.p.) and Malaysia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest loudspeaker importing markets in South-Eastern Asia were Vietnam ($X), Thailand ($X) and Malaysia ($X), with a combined X% share of total imports. Indonesia and the Philippines lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, the Philippines, 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 South-Eastern Asia stood at $X per unit in 2023, with a decrease of X% against the previous year. Over the period under review, the import price showed a pronounced contraction. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. The level of import peaked at $X per unit in 2017; however, from 2018 to 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Thailand ($X per unit), while Vietnam ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform