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Romania - Single Loudspeakers (In Enclosure) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingRomania: Loudspeaker Market 2024
Loudspeaker Market Size in Romania
The Romanian loudspeaker market surged to $X in 2021, picking up by 47% against the previous year. Over the period under review, consumption saw a resilient increase. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.
Loudspeaker Production in Romania
In value terms, loudspeaker production soared to $X in 2021 estimated in export price. Overall, production continues to indicate a remarkable increase. The most prominent rate of growth was recorded in 2016 when the production volume increased by 94%. Loudspeaker production peaked at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.
Loudspeaker Exports
Exports from Romania
For the tenth consecutive year, Romania recorded growth in overseas shipments of single loudspeakers (in enclosure), which increased by 44% to X units in 2021. Overall, exports recorded significant growth. The growth pace was the most rapid in 2014 when exports increased by 2,312%. Over the period under review, the exports hit record highs in 2021 and are likely to see gradual growth in years to come.
In value terms, loudspeaker exports soared to $X in 2021. Over the period under review, exports showed significant growth. The pace of growth appeared the most rapid in 2014 when exports increased by 713% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in years to come.
Exports by Country
Germany (X units), France (X units) and the Netherlands (X units) were the main destinations of loudspeaker exports from Romania, together comprising 48% of total exports.
From 2012 to 2021, the biggest increases were recorded for France (with a CAGR of +281.8%), while shipments for the other leaders experienced more modest paces of growth.
In value terms, Germany ($X), France ($X) and Bulgaria ($X) were the largest markets for loudspeaker exported from Romania worldwide, with a combined 45% share of total exports.
Among the main countries of destination, France, with a CAGR of +236.4%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.
Export Prices by Country
The average loudspeaker export price stood at $X per unit in 2021, approximately reflecting the previous year. Over the period under review, the export price saw a abrupt curtailment. The pace of growth appeared the most rapid in 2016 an increase of 19% against the previous year. Over the period under review, the average export prices attained the maximum at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Norway ($X per unit), while the average price for exports to Italy ($X per unit) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the UK (-1.0%), while the prices for the other major destinations experienced a decline.
Loudspeaker Imports
Imports into Romania
In 2021, the amount of single loudspeakers (in enclosure) imported into Romania soared to X units, growing by 78% on the previous year. Overall, imports recorded a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 96% against the previous year. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in years to come.
In value terms, loudspeaker imports rose notably to $X in 2021. Over the period under review, total imports indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +5.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +99.8% against 2016 indices. The pace of growth appeared the most rapid in 2017 with an increase of 53% against the previous year. Imports peaked in 2021 and are expected to retain growth in the near future.
Imports by Country
Germany (X units), China (X units) and Belgium (X units) were the main suppliers of loudspeaker imports to Romania, together comprising 60% of total imports. These countries were followed by Slovenia, Hungary, the Czech Republic, Poland, the Netherlands and the UK, which together accounted for a further 33%.
From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Slovenia (with a CAGR of +413.7%), while imports for the other leaders experienced more modest paces of growth.
In value terms, the largest loudspeaker suppliers to Romania were Hungary ($X), Germany ($X) and China ($X), together comprising 51% of total imports. Slovenia, Belgium, the Netherlands, the Czech Republic, Poland and the UK lagged somewhat behind, together comprising a further 31%.
Slovenia, with a CAGR of +263.5%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.
Import Prices by Country
The average loudspeaker import price stood at $X per unit in 2021, dropping by -40.7% against the previous year. In general, the import price continues to indicate a abrupt curtailment. The pace of growth appeared the most rapid in 2018 when the average import price increased by 27%. As a result, import price reached the peak level of $X per unit. From 2019 to 2021, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the Netherlands ($X per unit), while the price for Belgium ($X per unit) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (-2.1%), while the prices for the other major suppliers experienced a decline.
Source: IndexBox Platform
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the loudspeaker market in Romania. 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:
- Romania
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Romania
- 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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