Mexico - Loudspeakers (Not In Enclosure) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingNon-Enclosed Loudspeakers Price in Mexico - 2023
Contents:
- Non-Enclosed Loudspeakers Price in Mexico (FOB) - 2023
- Non-Enclosed Loudspeakers Price in Mexico (CIF) - 2023
- Non-Enclosed Loudspeakers Exports in Mexico
- Non-Enclosed Loudspeakers Imports in Mexico
Non-Enclosed Loudspeakers Price in Mexico (FOB) - 2023
The average non-enclosed loudspeakers export price stood at $7.2 per unit in June 2023, shrinking by -6.5% against the previous month. Overall, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in November 2022 an increase of 42% against the previous month. As a result, the export price attained the peak level of $10.3 per unit. From December 2022 to June 2023, the the average export prices failed to regain momentum.
Average prices varied noticeably for the major export markets. In June 2023, the country with the highest price was China ($7.8 per unit), while the average price for exports to the United States amounted to $7.1 per unit.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (-0.7%).
Non-Enclosed Loudspeakers Price in Mexico (CIF) - 2023
In June 2023, the average non-enclosed loudspeakers import price amounted to $3.6 per unit, shrinking by -8.6% against the previous month. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in May 2023 an increase of 24% month-to-month. As a result, import price reached the peak level of $4.0 per unit, and then shrank in the following month.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($9.5 per unit), while the price for China ($2.7 per unit) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by China (+1.8%), while the prices for the other major suppliers experienced a decline.
Non-Enclosed Loudspeakers Exports in Mexico
In 2022, exports of loudspeakers (not in enclosure) from Mexico skyrocketed to 53M units, increasing by 20% compared with the previous year's figure. In general, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 227% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the immediate term.
In value terms, non-enclosed loudspeakers exports skyrocketed to $392M in 2022. The total export value increased at an average annual rate of +3.6% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
Export of Non-Enclosed Loudspeakers in Mexico (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 304 | 245 | 261 | 309 | 0.5% |
China | 4.6 | 15.9 | 26.8 | 70.5 | 148.4% |
Germany | 11.4 | 8.5 | 8.9 | 10.2 | -3.6% |
Others | 32.6 | 19.3 | 2.5 | 2.4 | -58.1% |
Total | 353 | 289 | 299 | 392 | 3.6% |
Top Export Markets for Non-Enclosed Loudspeakers from Mexico in 2022:
- United States (44.5M units)
- China (7.2M units)
- Germany (0.9M units)
Non-Enclosed Loudspeakers Imports in Mexico
In 2022, overseas purchases of loudspeakers (not in enclosure) decreased by -7.9% to 74M units for the first time since 2018, thus ending a three-year rising trend. In general, imports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 91% against the previous year. As a result, imports attained the peak of 81M units, and then fell in the following year.
In value terms, non-enclosed loudspeakers imports rose rapidly to $259M in 2022. The total import value increased at an average annual rate of +7.0% over the period from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
Import of Non-Enclosed Loudspeakers in Mexico (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 94.9 | 111 | 119 | 128 | 10.5% |
United States | 66.1 | 46.6 | 47.7 | 62.0 | -2.1% |
Vietnam | 18.7 | 40.3 | 38.1 | 43.5 | 32.5% |
Philippines | 6.9 | 6.2 | 7.8 | 7.2 | 1.4% |
Malaysia | 1.5 | 2.7 | 5.9 | 5.1 | 50.4% |
Others | 23.6 | 19.7 | 21.1 | 13.4 | -17.2% |
Total | 212 | 227 | 239 | 259 | 6.9% |
Top Suppliers of Non-Enclosed Loudspeakers to Mexico in 2022:
- China (51.9M units)
- Vietnam (10.7M units)
- United States (6.7M units)
- Malaysia (1.4M units)
- Philippines (1.3M units)
This report provides an in-depth analysis of the non-enclosed loudspeakers market in Mexico. 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 26404239 - Loudspeakers (including speaker drive units, frames or cabinets mainly designed for mounting loudspeakers) (excluding those mounted in their enclosures)
Country coverage:
- Mexico
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Mexico
- 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
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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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The price of the Loudspeaker in June 2023 was $11.3 per unit (FOB, Mexico), showing a decrease of -3.6% compared to the previous month.
Amplifier exports reached their peak in 2023 and are expected to experience steady growth in the coming years. The value of amplifier exports skyrocketed to $711M in 2023.
During the review period, Amplifier exports reached record highs in 2023 and are expected to continue growing steadily in the near future. In terms of value, Amplifier exports soared to $711M in 2023.
The price of Multiple Loudspeakers in June 2023 reached $24.1 per unit (CIF, Mexico), representing a 19% increase compared to the previous month.
During the review period, Loudspeaker exports peaked in 2023 and are expected to keep growing. In terms of value, exports of single Loudspeakers reached $243M in 2023.
From December 2022 to October 2023, the Loudspeaker exports experienced a slowdown in growth, but in October 2023, they surged to $37M in value.
In January 2023, the loudspeaker price stood at $24.8 per unit (FOB, Mexico), which is down by -7.4% against the previous month.
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