Sub-woofer producing buzz instead of Bass

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I have a 2.1 Audio System. Since a few months the subwoofer is producing a buzz noise Instead of giving bass. It is happening if i increase the bass. At a loww bass level it is fine. But if i increase bass beyond 25% then it starts buzzing. I attached a clip of what it sounds like at high bass (50%).
Any pointers on what the problem might be.
I can post pictures of the circuit inside if required.
 

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So can it be repaired or not? If yes then what should i be looking at?
Thanks for your answers
Most speakers can be re-coned, which replaces all the moving parts.
Most major cities have at least one re-cone shop, and will accept shipped baskets for re-cone.

Re-coning can exceed the cost of a new, cheap speaker, and also be considerably cheaper than replacing an expensive speaker.

Re-coning can be learned, just like motor or engine rebuilding.

I have learned how to recone, but unless I was not concerned with the outcome, I'd pay an expert to do it.

Art
 
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