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Uruguay - Single Loudspeakers (In Enclosure) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingUruguay: Loudspeaker Market 2024
Loudspeaker Market Size in Uruguay
The Uruguayan loudspeaker market skyrocketed to $X in 2021, with an increase of 29% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption posted measured growth. Loudspeaker consumption peaked at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.
Loudspeaker Exports
Exports from Uruguay
In 2021, the amount of single loudspeakers (in enclosure) exported from Uruguay soared to X units, with an increase of 100% against the previous year. Overall, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2018 with an increase of 151%. Over the period under review, the exports reached the maximum at X units in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.
In value terms, loudspeaker exports surged to $X in 2021. In general, exports saw a resilient increase. The most prominent rate of growth was recorded in 2013 when exports increased by 109%. Over the period under review, the exports reached the maximum at $X in 2016; however, from 2017 to 2021, the exports remained at a lower figure.
Exports by Country
Panama (X units) was the main destination for loudspeaker exports from Uruguay, with a 77% share of total exports. Moreover, loudspeaker exports to Panama exceeded the volume sent to the second major destination, Paraguay (X units), sevenfold.
From 2012 to 2021, the average annual growth rate of volume to Panama totaled +60.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Paraguay (+10.7% per year) and Chile (+4.6% per year).
In value terms, Panama ($X), Chile ($X) and Paraguay ($X) were the largest markets for loudspeaker exported from Uruguay worldwide, with a combined 95% share of total exports.
Panama, with a CAGR of +58.5%, saw the highest growth rate of the value of exports, in terms of the main countries of destination 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, reducing by -37.6% against the previous year. Over the period under review, the export price continues to indicate a deep setback. The most prominent rate of growth was recorded in 2019 when the average export price increased by 243% against the previous year. Over the period under review, the average export prices reached the maximum at $X per unit in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Brazil ($X per unit), while the average price for exports to Panama ($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 Brazil (+7.9%), while the prices for the other major destinations experienced more modest paces of growth.
Loudspeaker Imports
Imports into Uruguay
In 2021, approx. X units of single loudspeakers (in enclosure) were imported into Uruguay; rising by 65% on the year before. Over the period under review, imports showed a noticeable increase. The most prominent rate of growth was recorded in 2013 with an increase of 356%. Imports peaked at X units in 2014; however, from 2015 to 2021, imports remained at a lower figure.
In value terms, loudspeaker imports reached $X in 2021. Overall, imports continue to indicate prominent growth. The pace of growth appeared the most rapid in 2013 with an increase of 275%. Imports peaked at $X in 2015; however, from 2016 to 2021, imports failed to regain momentum.
Imports by Country
In 2021, China (X units) constituted the largest loudspeaker supplier to Uruguay, with a 87% share of total imports. It was followed by the United States (X units), with a 1.6% share of total imports.
From 2012 to 2021, the average annual growth rate of volume from China totaled +2.9%.
In value terms, China ($X) constituted the largest supplier of single loudspeakers (in enclosure) to Uruguay, comprising 66% of total imports. The second position in the ranking was taken by the United States ($X), with a 5.3% share of total imports.
From 2012 to 2021, the average annual growth rate of value from China stood at +3.6%.
Import Prices by Country
In 2021, the average loudspeaker import price amounted to $X per unit, which is down by -33.3% against the previous year. Over the period under review, the import price, however, posted a modest increase. The pace of growth was the most pronounced in 2015 an increase of 85%. The import price peaked at $X per unit in 2017; however, from 2018 to 2021, import prices remained at a lower figure.
Prices varied noticeably country of origin: the country with the highest price was the United States ($X per unit), while the price for China totaled $X per unit.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+0.6%).
Source: IndexBox Platform
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the loudspeaker market in Uruguay. 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:
- Uruguay
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Uruguay
- 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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