Africa: Electric Sound Amplifier Market 2024

Electric Sound Amplifier Market Size in Africa

The African electric sound amplifier market shrank to $X in 2022, which is down by -1.9% against the previous year. The total consumption indicated modest growth from 2012 to 2022: its value increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +2.0% against 2020 indices. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Electric Sound Amplifier Production in Africa

In value terms, electric sound amplifier production contracted to $X in 2022 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 23%. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

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Electric Sound Amplifier Exports

Exports in Africa

In 2022, shipments abroad of electric sound amplifier sets increased by 15% to X units, rising for the second consecutive year after two years of decline. Over the period under review, exports, however, saw a slight shrinkage. The most prominent rate of growth was recorded in 2016 when exports increased by 193% against the previous year. As a result, the exports reached the peak of X units. From 2017 to 2022, the growth of the exports remained at a lower figure.

In value terms, electric sound amplifier exports skyrocketed to $X in 2022. Overall, exports, however, showed a drastic downturn. The most prominent rate of growth was recorded in 2016 with an increase of 50%. As a result, the exports attained the peak of $X. From 2017 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

South Africa prevails in exports structure, amounting to X units, which was near 91% of total exports in 2022. Botswana (X units) followed a long way behind the leaders.

South Africa was also the fastest-growing in terms of the electric sound amplifier sets exports, with a CAGR of +1.2% from 2012 to 2022. Botswana (-4.5%) illustrated a downward trend over the same period. South Africa (+19 p.p.) significantly strengthened its position in terms of the total exports, while Botswana saw its share reduced by -1.5% from 2012 to 2022, respectively.

In value terms, South Africa ($X) remains the largest electric sound amplifier supplier in Africa, comprising 73% of total exports. The second position in the ranking was taken by Botswana ($X), with a 2.2% share of total exports.

In South Africa, electric sound amplifier exports declined by an average annual rate of -5.8% over the period from 2012-2022.

Export Prices by Country

The export price in Africa stood at $X per unit in 2022, increasing by 15% against the previous year. In general, the export price, however, continues to indicate a abrupt contraction. The level of export peaked at $X per unit in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was South Africa ($X per unit), while Botswana totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Botswana (-4.5%).

Electric Sound Amplifier Imports

Imports in Africa

After two years of decline, overseas purchases of electric sound amplifier sets increased by 19% to X units in 2022. Total imports indicated a resilient expansion from 2012 to 2022: its volume increased at an average annual rate of +6.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of 58%. The volume of import peaked at X units in 2019; afterwards, it flattened through to 2022.

In value terms, electric sound amplifier imports stood at $X in 2022. Total imports indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +57.8% against 2016 indices. The pace of growth appeared the most rapid in 2018 when imports increased by 37%. The level of import peaked in 2022 and is likely to see steady growth in years to come.

Imports by Country

In 2022, Egypt (X units), distantly followed by Ghana (X units), South Africa (X units), Kenya (X units), Cote d'Ivoire (X units), Angola (X units) and Togo (X units) were the major importers of electric sound amplifier sets, together constituting 75% of total imports. Libya (X units), Gabon (X units), Mauritius (X units), Guinea (X units), Democratic Republic of the Congo (X units) and Algeria (X units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Guinea (with a CAGR of +76.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest electric sound amplifier importing markets in Africa were Ghana ($X), South Africa ($X) and Angola ($X), together accounting for 36% of total imports. Kenya, Cote d'Ivoire, Algeria, Egypt, Guinea, Libya, Gabon, Democratic Republic of the Congo, Mauritius and Togo lagged somewhat behind, together comprising a further 37%.

Among the main importing countries, Guinea, with a CAGR of +46.9%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Africa amounted to $X per unit, dropping by -12.1% against the previous year. Over the period under review, the import price continues to indicate a mild setback. The growth pace was the most rapid in 2017 an increase of 46% against the previous year. The level of import peaked at $X per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Algeria ($X per unit), while Togo ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+1.4%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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