U.S. Loudspeaker Imports

In May 2023, approximately 3.6M units of single loudspeakers (in enclosure) were imported into the United States; jumping by 28% compared with April 2023 figures. Over the period under review, imports, however, continue to indicate a mild decline. Over the period under review, imports attained the peak figure at 4.7M units in October 2022; however, from November 2022 to May 2023, imports remained at a lower figure.

In value terms, loudspeaker imports amounted to $63M (IndexBox estimates) in May 2023. In general, imports, however, showed a slight downturn. Imports peaked at 87M units in September 2022; however, from October 2022 to May 2023, imports stood at a somewhat lower figure.

Imports by Country

In May 2023, China (2.2M units) constituted the largest loudspeaker supplier to the United States, accounting for a 59% share of total imports. Moreover, loudspeaker imports from China exceeded the figures recorded by the second-largest supplier, Thailand (410K units), fivefold. The third position in this ranking was held by Mexico (401K units), with an 11% share.

From May 2022 to May 2023, the average monthly growth rate of volume from China amounted to -3.0%. The remaining supplying countries recorded the following average monthly rates of imports growth: Thailand (+1.6% per month) and Mexico (+1.8% per month).

In value terms, China ($30M) constituted the largest supplier of loudspeaker to the United States, comprising 48% of total imports. The second position in the ranking was taken by Mexico ($15M), with a 24% share of total imports. It was followed by Vietnam, with an 8% share.

From May 2022 to May 2023, the average monthly rate of growth in terms of value from China amounted to -3.4%. The remaining supplying countries recorded the following average monthly rates of imports growth: Mexico (+2.0% per month) and Vietnam (+3.4% per month).

Import Prices by Country

In May 2023, the loudspeaker price stood at $17.3 per unit (CIF, US), falling by -11.7% against the previous month. In general, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in July 2022 an increase of 20% m-o-m. The import price peaked at $23.2 per unit in December 2022; however, from January 2023 to May 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In May 2023, the country with the highest price was Mexico ($38.0 per unit), while the price for Taiwan (Chinese) ($5.6 per unit) was amongst the lowest.

From May 2022 to May 2023, the most notable rate of growth in terms of prices was attained by Thailand (+2.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform