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GCC - Multiple Loudspeakers (In Enclosure) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingGCC: Multiple Loudspeakers Market 2024
Multiple Loudspeakers Market Size in GCC
The GCC multiple loudspeakers market declined to $X in 2021, waning by -4% against the previous year. Overall, consumption continues to indicate a pronounced increase. The level of consumption peaked at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.
Multiple Loudspeakers Production in GCC
In value terms, multiple loudspeakers production reduced to $X in 2021 estimated in export price. Over the period under review, production, however, enjoyed a resilient increase. The growth pace was the most rapid in 2015 when the production volume increased by 122% against the previous year. The level of production peaked at $X in 2017; however, from 2018 to 2021, production failed to regain momentum.
Multiple Loudspeakers Exports
Exports in GCC
In 2021, the amount of multiple loudspeakers (in enclosure) exported in GCC rose sharply to X units, increasing by 8.2% compared with 2020. Overall, exports enjoyed buoyant growth. The growth pace was the most rapid in 2015 when exports increased by 73% against the previous year. Over the period under review, the exports reached the maximum in 2021 and are expected to retain growth in the immediate term.
In value terms, multiple loudspeakers exports reduced notably to $X in 2021. In general, exports enjoyed a perceptible expansion. The most prominent rate of growth was recorded in 2015 when exports increased by 35% against the previous year. Over the period under review, the exports attained the maximum at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.
Exports by Country
The United Arab Emirates prevails in exports structure, accounting for X units, which was approx. 95% of total exports in 2021. Oman (X units) followed a long way behind the leaders.
Exports from the United Arab Emirates increased at an average annual rate of +17.0% from 2012 to 2021. At the same time, Oman (+63.8%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing exporter exported in GCC, with a CAGR of +63.8% from 2012-2021. While the share of the United Arab Emirates (+14 p.p.) and Oman (+1.8 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, the United Arab Emirates ($X) remains the largest multiple loudspeakers supplier in GCC, comprising 87% of total exports. The second position in the ranking was taken by Oman ($X), with a 7.2% share of total exports.
In the United Arab Emirates, multiple loudspeakers exports increased at an average annual rate of +2.7% over the period from 2012-2021.
Export Prices by Country
In 2021, the export price in GCC amounted to $X per unit, which is down by -40.1% against the previous year. Over the period under review, the export price showed a abrupt decline. The growth pace was the most rapid in 2017 an increase of 53% against the previous year. The level of export peaked at $X per unit in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.
Prices varied noticeably country of origin: the country with the highest price was Oman ($X per unit), while the United Arab Emirates totaled $X per unit.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Oman (+13.1%).
Multiple Loudspeakers Imports
Imports in GCC
In 2021, purchases abroad of multiple loudspeakers (in enclosure) increased by 65% to X units for the first time since 2018, thus ending a two-year declining trend. Over the period under review, imports, however, showed a pronounced downturn. The growth pace was the most rapid in 2017 with an increase of 73%. The volume of import peaked at X units in 2012; however, from 2013 to 2021, imports failed to regain momentum.
In value terms, multiple loudspeakers imports soared to $X in 2021. Total imports indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +6.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
Imports by Country
The United Arab Emirates prevails in imports structure, resulting at X units, which was approx. 90% of total imports in 2021. It was distantly followed by Kuwait (X units), comprising a 4.7% share of total imports. Qatar (X units) took a minor share of total imports.
Imports into the United Arab Emirates decreased at an average annual rate of -3.9% from 2012 to 2021. At the same time, Qatar (+10.4%) and Kuwait (+9.3%) displayed positive paces of growth. Moreover, Qatar emerged as the fastest-growing importer imported in GCC, with a CAGR of +10.4% from 2012-2021. While the share of Kuwait (+3.2 p.p.) and Qatar (+2.3 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of the United Arab Emirates (-6.7 p.p.) displayed negative dynamics.
In value terms, the United Arab Emirates ($X) constitutes the largest market for imported multiple loudspeakers (in enclosure) in GCC, comprising 72% of total imports. The second position in the ranking was held by Kuwait ($X), with a 6.7% share of total imports.
In the United Arab Emirates, multiple loudspeakers imports expanded at an average annual rate of +6.1% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Kuwait (+11.7% per year) and Qatar (+1.4% per year).
Import Prices by Country
In 2021, the import price in GCC amounted to $X per unit, dropping by -7.7% against the previous year. In general, the import price, however, saw a resilient increase. The most prominent rate of growth was recorded in 2013 when the import price increased by 59%. Over the period under review, import prices attained the peak figure at $X per unit in 2016; however, from 2017 to 2021, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Kuwait ($X per unit), while the United Arab Emirates ($X per unit) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+10.5%), while the other leaders experienced mixed trends in the import price figures.
Source: IndexBox Platform
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the multiple loudspeakers market in GCC. 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 26404237 - Multiple loudspeakers mounted in the same enclosure (including frames or cabinets mainly designed for mounting loudspeakers)
Country coverage:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Production in GCC, split by region and country
- Trade (exports and imports) in GCC
- 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
- CONSUMPTION BY COUNTRY
- 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
- PRODUCTION BY COUNTRY
8. IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Exporters on The Market and How They Succeed
- 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 -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- Bahrain
- Kuwait
- Oman
- Qatar
- Saudi Arabia
- United Arab Emirates
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LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 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
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 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, 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, 2012–2023
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