Mexico - Single Loudspeakers (In Enclosure) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingSingle Loudspeaker Price in Mexico - 2024
Contents:
- Single Loudspeaker Price in Mexico (FOB) - 2024
- Single Loudspeaker Price in Mexico (CIF) - 2024
- Single Loudspeaker Exports in Mexico
- Single Loudspeaker Imports in Mexico
Single Loudspeaker Price in Mexico (FOB) - 2024
In March 2024, the average single loudspeaker export price amounted to $26.5 per unit, jumping by 73% against the previous month. Overall, the export price, however, showed a noticeable contraction. The export price peaked at $38.2 per unit in October 2023; however, from November 2023 to March 2024, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In March 2024, the country with the highest price was China ($46.6 per unit), while the average price for exports to the United States totaled $26.5 per unit.
From March 2023 to March 2024, the most notable rate of growth in terms of prices was recorded for supplies to China (-0.1%).
Single Loudspeaker Price in Mexico (CIF) - 2024
The average single loudspeaker import price stood at $5.3 per unit in March 2024, dropping by -9.9% against the previous month. In general, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in June 2023 an increase of 19% against the previous month. The import price peaked at $5.9 per unit in February 2024, and then shrank in the following month.
There were significant differences in the average prices amongst the major supplying countries. In March 2024, the country with the highest price was the United States ($47.0 per unit), while the price for Indonesia ($2.7 per unit) was amongst the lowest.
From March 2023 to March 2024, the most notable rate of growth in terms of prices was attained by the United States (+9.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Single Loudspeaker Exports in Mexico
Single loudspeaker exports from Mexico skyrocketed to 7.4M units in 2022, picking up by 37% compared with the previous year. Over the period under review, total exports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +18.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +82.7% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, single loudspeaker exports amounted to $202M in 2022. Overall, exports, however, saw a abrupt decrease. The exports peaked at $270M in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
| Export of Single Loudspeaker in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 176 | 165 | 145 | 154 | -4.4% |
| Belgium | 39.3 | 31.4 | 20.1 | 12.4 | -31.9% |
| Others | 55.4 | 40.4 | 23.4 | 35.9 | -13.5% |
| Total | 270 | 237 | 188 | 202 | -9.2% |
Top Export Markets for Single Loudspeaker from Mexico in 2022:
- United States (6.8M units)
- Belgium (0.1M units)
Single Loudspeaker Imports in Mexico
In 2022, the amount of single loudspeakers (in enclosure) imported into Mexico expanded to 47M units, with an increase of 4% against the year before. In general, imports recorded a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 76%. Imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, single loudspeaker imports surged to $168M in 2022. The total import value increased at an average annual rate of +8.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 31% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the immediate term.
| Import of Single Loudspeaker in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 82.7 | 55.8 | 79.4 | 92.6 | 3.8% |
| United States | 24.8 | 16.7 | 24.1 | 23.5 | -1.8% |
| Vietnam | 9.0 | 20.0 | 14.4 | 12.2 | 10.7% |
| South Korea | 1.7 | 0.6 | 4.9 | 11.8 | 90.8% |
| Others | 13.0 | 17.2 | 22.1 | 27.4 | 28.2% |
| Total | 131 | 110 | 145 | 168 | 8.6% |
Top Suppliers of Single Loudspeaker to Mexico in 2022:
- China (25.3M units)
- United States (4.0M units)
- South Korea (3.1M units)
- Vietnam (0.8M units)
This report provides an in-depth analysis of the loudspeaker 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 26404235 - Single loudspeakers mounted in their enclosures (including frames or cabinets mainly designed for mounting loudspeakers)
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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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.
190
From December 2022 to October 2023, the Loudspeaker exports experienced a slowdown in growth, but in October 2023, they surged to $37M in value.
294
In January 2023, the loudspeaker price stood at $24.8 per unit (FOB, Mexico), which is down by -7.4% against the previous month.
247
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.
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