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Lithuania - Loudspeakers - Market Analysis, Forecast, Size, Trends and Insights
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View PricingLoudspeaker Price in Lithuania - 2023
Contents:
- Loudspeaker Price in Lithuania (CIF) - 2023
- Loudspeaker Price in Lithuania (FOB) - 2022
- Loudspeaker Imports in Lithuania
- Loudspeaker Exports in Lithuania
Loudspeaker Price in Lithuania (CIF) - 2023
In September 2023, the average loudspeaker import price amounted to $68.2 per unit, waning by -26.5% against the previous month. Overall, import price indicated a modest increase from September 2022 to September 2023: its price increased at an average monthly rate of +1.5% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2023 figures, loudspeaker import price increased by +26.7% against July 2023 indices. The pace of growth appeared the most rapid in August 2023 when the average import price increased by 72% against the previous month. As a result, import price attained the peak level of $92.9 per unit, and then declined significantly in the following month.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Belgium ($198 per unit), while the price for Poland ($21.0 per unit) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by China (+9.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Loudspeaker Price in Lithuania (FOB) - 2022
The average loudspeaker export price stood at $52 per unit in 2022, shrinking by -28.3% against the previous year. Overall, the export price, however, enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2016 an increase of 31% against the previous year. Over the period under review, the average export prices attained the maximum at $72 per unit in 2021, and then fell rapidly in the following year.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Kazakhstan ($234 per unit), while the average price for exports to Belarus ($6.9 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 (+16.3%), while the prices for the other major destinations experienced more modest paces of growth.
Loudspeaker Imports in Lithuania
For the fourth consecutive year, Lithuania recorded growth in overseas purchases of loudspeakers, which increased by 20% to 1.2M units in 2022. Over the period under review, imports enjoyed a significant increase. The growth pace was the most rapid in 2021 with an increase of 41%. Over the period under review, imports reached the peak figure in 2022 and are likely to continue growth in the immediate term.
In value terms, loudspeaker imports rose notably to $26M in 2022. The total import value increased at an average annual rate of +9.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 22%. Imports peaked in 2022 and are expected to retain growth in years to come.
Import of Loudspeaker in Lithuania (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Latvia | 1.9 | 3.3 | 3.8 | 4.8 | 36.2% |
Poland | 1.0 | 1.4 | 2.1 | 3.1 | 45.8% |
China | 1.9 | 1.2 | 2.8 | 3.1 | 17.7% |
Germany | 3.7 | 2.9 | 4.7 | 2.6 | -11.1% |
Estonia | 2.1 | 2.3 | 2.5 | 2.5 | 6.0% |
Finland | 1.8 | 1.1 | 0.8 | 2.4 | 10.1% |
Belgium | 0.6 | 0.6 | 0.6 | 0.7 | 5.3% |
Netherlands | 0.8 | 0.6 | 0.8 | 0.4 | -20.6% |
Sweden | 1.2 | 0.5 | 0.5 | 0.3 | -37.0% |
Hong Kong SAR | 0.1 | N/A | N/A | N/A | 0% |
Taiwan (Chinese) | 0.1 | N/A | N/A | N/A | 0% |
Others | 4.3 | 5.9 | 5.6 | 5.8 | 10.5% |
Total | 19.5 | 19.8 | 24.2 | 25.8 | 9.8% |
Top Suppliers of Loudspeaker to Lithuania in 2022:
- China (475.1K units)
- Poland (275.4K units)
- Germany (115.7K units)
- Finland (64.6K units)
- Estonia (42.9K units)
- Netherlands (37.5K units)
- Latvia (35.7K units)
- Belgium (14.7K units)
- Sweden (10.1K units)
- Taiwan (Chinese) (5.0K units)
- Hong Kong SAR (0.9K units)
Loudspeaker Exports in Lithuania
In 2022, approx. 332K units of loudspeakers were exported from Lithuania; rising by 36% against the year before. The total export volume increased at an average annual rate of +4.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, loudspeaker exports fell modestly to $17M in 2022. Overall, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 12%. As a result, the exports attained the peak of $18M, and then shrank in the following year.
Export of Loudspeaker in Lithuania (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Russia | 8.7 | 10.2 | 10.3 | 3.4 | -26.9% |
Kazakhstan | 0.4 | 0.3 | 0.4 | 2.5 | 84.2% |
Latvia | 1.2 | 1.2 | 1.5 | 1.6 | 10.1% |
Netherlands | 0.1 | 0.1 | 0.4 | 1.3 | 135.1% |
Estonia | 0.3 | 0.6 | 0.8 | 1.0 | 49.4% |
Poland | 0.5 | 0.4 | 0.4 | 1.0 | 26.0% |
Kyrgyzstan | 0.1 | N/A | N/A | 0.8 | 100.0% |
Belarus | 1.4 | 1.0 | 0.7 | 0.5 | -29.1% |
Germany | 1.4 | 0.3 | 0.6 | 0.4 | -34.1% |
United States | 0.1 | N/A | 0.1 | 0.3 | 44.2% |
Switzerland | N/A | N/A | N/A | 0.3 | 0% |
Finland | 0.1 | N/A | 0.2 | 0.2 | 26.0% |
Bulgaria | 0.2 | N/A | 0.1 | N/A | -29.3% |
Others | 2.8 | 1.6 | 2.3 | 3.7 | 9.7% |
Total | 17.2 | 15.8 | 17.6 | 17.2 | 0.0% |
Top Export Markets for Loudspeaker from Lithuania in 2022:
- Belarus (79.6K units)
- Latvia (54.4K units)
- Russia (45.8K units)
- Netherlands (20.3K units)
- Estonia (17.5K units)
- Switzerland (13.4K units)
- Poland (11.2K units)
- Kazakhstan (10.8K units)
- Kyrgyzstan (8.7K units)
- United States (8.5K units)
- Finland (5.9K units)
- Germany (4.9K units)
- Bulgaria (1.9K units)
This report provides an in-depth analysis of the loudspeaker market in Lithuania. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 26404235 - Single loudspeakers mounted in their enclosures (including frames or cabinets mainly designed for mounting loudspeakers)
- Prodcom 26404237 - Multiple loudspeakers mounted in the same enclosure (including frames or cabinets mainly designed for mounting loudspeakers)
- Prodcom 26404239 - Loudspeakers (including speaker drive units, frames or cabinets mainly designed for mounting loudspeakers) (excluding those mounted in their enclosures)
Country coverage:
- Lithuania
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Lithuania
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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