Mexico - Loudspeakers - Market Analysis, Forecast, Size, Trends and Insights
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View PricingLoudspeaker Price in Mexico - 2023
Contents:
- Loudspeaker Price in Mexico (FOB) - 2023
- Loudspeaker Price in Mexico (CIF) - 2023
- Loudspeaker Exports in Mexico
- Loudspeaker Imports in Mexico
Loudspeaker Price in Mexico (FOB) - 2023
The average loudspeaker export price stood at $12.1 per unit in August 2023, picking up by 8% against the previous month. Over the period under review, the export price, however, saw a slight descent. The most prominent rate of growth was recorded in November 2022 when the average export price increased by 14% m-o-m. The export price peaked at $13.7 per unit in August 2022; however, from September 2022 to August 2023, the export prices stood at a somewhat lower figure.
Average prices varied noticeably for the major foreign markets. In August 2023, the country with the highest price was China ($14.2 per unit), while the average price for exports to the United States stood at $12.0 per unit.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+0.5%).
Loudspeaker Price in Mexico (CIF) - 2023
In August 2023, the average loudspeaker import price amounted to $5.1 per unit, picking up by 10% against the previous month. Over the period from August 2022 to August 2023, it increased at an average monthly rate of +1.6%. The most prominent rate of growth was recorded in March 2023 when the average import price increased by 19% against the previous month. Over the period under review, average import prices reached the maximum at $5.6 per unit in June 2023; however, from July 2023 to August 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was the United States ($12.4 per unit), while the price for Indonesia ($3.1 per unit) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Malaysia (+3.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Loudspeaker Exports in Mexico
In 2022, approx. 61M units of loudspeakers were exported from Mexico; rising by 21% on the previous year. Overall, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 76% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the immediate term.
In value terms, loudspeaker exports soared to $679M in 2022. In general, exports, however, recorded a perceptible downturn. Over the period under review, the exports reached the peak figure at $771M in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
Export of Loudspeaker in Mexico (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 644 | 503 | 504 | 589 | -2.9% |
China | 10.0 | 22.0 | 28.0 | 75.1 | 95.8% |
Germany | 13.5 | 8.9 | 9.0 | 10.2 | -8.9% |
Others | 104 | 70.5 | 13.6 | 4.5 | -64.9% |
Total | 771 | 604 | 555 | 679 | -4.1% |
Top Export Markets for Loudspeaker from Mexico in 2022:
- United States (52.5M units)
- China (7.3M units)
- Germany (0.9M units)
Loudspeaker Imports in Mexico
After three years of growth, supplies from abroad of loudspeakers decreased by -2.5% to 125M units in 2022. Over the period under review, imports, however, posted a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 323% against the previous year. As a result, imports reached the peak of 128M units, and then dropped modestly in the following year.
In value terms, loudspeaker imports surged to $595M in 2022. The total import value increased at an average annual rate of +7.9% from 2019 to 2022; however, the trend pattern 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.
Import of Loudspeaker in Mexico (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 251 | 207 | 258 | 319 | 8.3% |
Vietnam | 46.3 | 65.8 | 77.6 | 98.4 | 28.6% |
United States | 112 | 75.5 | 80.9 | 97.0 | -4.7% |
Indonesia | 3.9 | 8.2 | 18.9 | 19.0 | 69.5% |
South Korea | 2.4 | 0.8 | 5.3 | 12.3 | 72.4% |
Others | 58.1 | 49.5 | 50.1 | 49.5 | -5.2% |
Total | 474 | 407 | 491 | 595 | 7.9% |
Top Suppliers of Loudspeaker to Mexico in 2022:
- China (86.3M units)
- Vietnam (15.3M units)
- United States (8.2M units)
- Indonesia (6.7M units)
- South Korea (3.2M 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)
- Prodcom 26404237 - Multiple loudspeakers mounted in the same enclosure (including frames or cabinets mainly designed for mounting loudspeakers)
- Prodcom 26404239 - Loudspeakers (including speaker drive units, frames or cabinets mainly designed for mounting loudspeakers) (excluding those mounted in their enclosures)
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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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.
Amplifier exports reached their peak in 2023 and are expected to experience steady growth in the coming years. The value of amplifier exports skyrocketed to $711M in 2023.
During the review period, Amplifier exports reached record highs in 2023 and are expected to continue growing steadily in the near future. In terms of value, Amplifier exports soared to $711M in 2023.
The price of Multiple Loudspeakers in June 2023 reached $24.1 per unit (CIF, Mexico), representing a 19% increase compared to the previous month.
From December 2022 to October 2023, the Loudspeaker exports experienced a slowdown in growth, but in October 2023, they surged to $37M in value.
In January 2023, the loudspeaker price stood at $24.8 per unit (FOB, Mexico), which is down by -7.4% against the previous month.
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