Hong Kong SAR, China - Single Loudspeakers (In Enclosure) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingSingle Loudspeaker Price in Hong Kong SAR - 2024
Contents:
- Single Loudspeaker Price in Hong Kong SAR (CIF) - 2022
- Single Loudspeaker Price in Hong Kong SAR (FOB) - 2022
- Single Loudspeaker Imports in Hong Kong SAR
- Single Loudspeaker Exports in Hong Kong SAR
Single Loudspeaker Price in Hong Kong SAR (CIF) - 2022
In 2022, the average single loudspeaker import price amounted to $5.8 per unit, waning by -53.8% against the previous year. Over the period under review, the import price, however, recorded strong growth. The growth pace was the most rapid in 2018 an increase of 91% against the previous year. Over the period under review, average import prices hit record highs at $13 per unit in 2021, and then dropped significantly in the following year.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($10 per unit), while the price for China stood at $10 per unit.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+11.5%).
Single Loudspeaker Price in Hong Kong SAR (FOB) - 2022
In 2022, the average single loudspeaker export price amounted to $13 per unit, falling by -26.9% against the previous year. In general, the export price, however, showed prominent growth. The pace of growth was the most pronounced in 2018 an increase of 89%. The export price peaked at $19 per unit in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($36 per unit), while the average price for exports to Malaysia ($3.4 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 China (+26.8%), while the prices for the other major destinations experienced more modest paces of growth.
Single Loudspeaker Imports in Hong Kong SAR
Single loudspeaker imports into Hong Kong SAR contracted dramatically to 20M units in 2022, which is down by -20.8% compared with the previous year's figure. Overall, imports showed a noticeable downturn. The pace of growth was the most pronounced in 2021 with an increase of 24%. As a result, imports reached the peak of 25M units, and then declined markedly in the following year.
In value terms, single loudspeaker imports fell rapidly to $117M in 2022. Over the period under review, imports faced a deep contraction. The pace of growth was the most pronounced in 2021 when imports increased by 26%. As a result, imports attained the peak of $319M, and then shrank sharply in the following year.
| Import of Single Loudspeaker in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 187 | 230 | 294 | 94.9 | -20.2% |
| Japan | 2.8 | 2.0 | 1.3 | 3.3 | 5.6% |
| Others | 16.3 | 20.9 | 23.7 | 18.5 | 4.3% |
| Total | 206 | 253 | 319 | 117 | -17.2% |
Top Suppliers of Single Loudspeaker to Hong Kong SAR in 2022:
- China (9.5M units)
- Japan (0.3M units)
Single Loudspeaker Exports in Hong Kong SAR
Single loudspeaker exports from Hong Kong SAR fell markedly to 8M units in 2022, which is down by -52.5% against the previous year's figure. Overall, exports saw a significant contraction. The pace of growth appeared the most rapid in 2021 when exports increased by 23% against the previous year. As a result, the exports reached the peak of 17M units, and then reduced rapidly in the following year.
In value terms, single loudspeaker exports dropped significantly to $103M in 2022. In general, exports saw a precipitous setback. The pace of growth appeared the most rapid in 2021 when exports increased by 11%. As a result, the exports reached the peak of $296M, and then shrank significantly in the following year.
| Export of Single Loudspeaker in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 71.1 | 80.9 | 128 | 34.7 | -21.3% |
| United States | 42.1 | 19.9 | 19.2 | 10.1 | -37.9% |
| Brazil | 0.4 | 1.0 | 6.3 | 8.8 | 180.2% |
| South Korea | 6.4 | 21.2 | 13.3 | 7.4 | 5.0% |
| Japan | 29.5 | 10.9 | 10.2 | 4.1 | -48.2% |
| Netherlands | 13.8 | 56.9 | 27.2 | 2.8 | -41.2% |
| Vietnam | 0.6 | 2.9 | 14.7 | 2.7 | 65.1% |
| India | 14.9 | 15.7 | 13.1 | 2.6 | -44.1% |
| Thailand | 2.3 | 3.5 | 3.5 | 2.5 | 2.8% |
| Germany | 11.6 | 4.8 | 7.8 | 1.9 | -45.3% |
| Mexico | 3.0 | 3.6 | 8.6 | 1.7 | -17.2% |
| Philippines | 5.4 | 1.0 | 0.3 | 1.7 | -32.0% |
| Malaysia | 2.5 | 0.6 | 1.7 | 1.7 | -12.1% |
| Others | 54.4 | 44.1 | 41.8 | 19.9 | -28.5% |
| Total | 258 | 267 | 296 | 103 | -26.4% |
Top Export Markets for Single Loudspeaker from Hong Kong SAR in 2022:
- China (1768.5K units)
- United States (819.7K units)
- Vietnam (688.7K units)
- Malaysia (508.0K units)
- Philippines (487.0K units)
- Brazil (413.4K units)
- Thailand (288.1K units)
- India (238.2K units)
- Mexico (228.5K units)
- Japan (223.5K units)
- South Korea (217.1K units)
- Germany (213.3K units)
- Netherlands (77.1K units)
This report provides an in-depth analysis of the loudspeaker market in Hong Kong SAR, China. 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)
Country coverage:
- Hong Kong SAR
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Hong Kong SAR, China
- 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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This report provides an in-depth analysis of the loudspeaker market in Hong Kong SAR, China.
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In June 2023, the loudspeaker price was $3.4 per unit (FOB, Hong Kong), experiencing a decrease of -6.4% compared to the previous month.
275
During the review period, the exports of Headphone reached their peak at 6M units in August 2023, and experienced a slight decline in the subsequent month. In terms of value, the exports of Headphone witnessed a rapid expansion, reaching $81M in September 2023.
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