Asia: Electric Sound Amplifier Market 2024

Electric Sound Amplifier Market Size in Asia

In 2022, the Asian electric sound amplifier market increased by 13% to $X, rising for the second consecutive year after two years of decline. Overall, consumption, however, showed a mild curtailment. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market remained at a lower figure.

Electric Sound Amplifier Production in Asia

In value terms, electric sound amplifier production shrank to $X in 2022 estimated in export price. In general, production saw a mild curtailment. The growth pace was the most rapid in 2017 with an increase of 9.7% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

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Electric Sound Amplifier Exports

Exports in Asia

In 2022, after three years of growth, there was significant decline in overseas shipments of electric sound amplifier sets, when their volume decreased by -21.3% to X units. Total exports indicated strong growth from 2012 to 2022: its volume increased at an average annual rate of +5.4% 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 2014 when exports increased by 19% against the previous year. Over the period under review, the exports hit record highs at X units in 2021, and then declined significantly in the following year.

In value terms, electric sound amplifier exports declined remarkably to $X in 2022. The total export value increased at an average annual rate of +2.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 23%. Over the period under review, the exports hit record highs at $X in 2021, and then reduced sharply in the following year.

Exports by Country

China was the main exporter of electric sound amplifier sets in Asia, with the volume of exports recording X units, which was near 65% of total exports in 2022. Vietnam (X units) held a 14% share (based on physical terms) of total exports, which put it in second place, followed by Japan (6.7%). The following exporters - Malaysia (X units), Hong Kong SAR (X units), Thailand (X units) and Singapore (X units) - together made up 10% of total exports.

Exports from China increased at an average annual rate of +7.3% from 2012 to 2022. At the same time, Thailand (+31.2%), Japan (+25.1%), Vietnam (+16.6%) and Malaysia (+3.8%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in Asia, with a CAGR of +31.2% from 2012-2022. By contrast, Singapore (-7.2%) and Hong Kong SAR (-11.0%) illustrated a downward trend over the same period. China (+10 p.p.), Vietnam (+8.9 p.p.), Japan (+5.5 p.p.) and Thailand (+2.2 p.p.) significantly strengthened its position in terms of the total exports, while Singapore and Hong Kong SAR saw its share reduced by -5.4% and -12.7% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest electric sound amplifier supplier in Asia, comprising 55% of total exports. The second position in the ranking was held by Japan ($X), with a 16% share of total exports. It was followed by Vietnam, with a 5.3% share.

In China, electric sound amplifier exports increased at an average annual rate of +4.8% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Japan (+16.4% per year) and Vietnam (+11.1% per year).

Export Prices by Country

The export price in Asia stood at $X per unit in 2022, surging by 7.3% against the previous year. Overall, the export price, however, recorded a pronounced descent. The pace of growth appeared the most rapid in 2013 an increase of 13% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Japan ($X per unit), while Vietnam ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+1.0%), while the other leaders experienced a decline in the export price figures.

Electric Sound Amplifier Imports

Imports in Asia

In 2022, electric sound amplifier imports in Asia soared to X units, increasing by 29% against the previous year. The total import volume increased at an average annual rate of +2.5% from 2012 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.

In value terms, electric sound amplifier imports skyrocketed to $X in 2022. Overall, imports showed a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The purchases of the three major importers of electric sound amplifier sets, namely Singapore, India and Japan, represented more than half of total import. Thailand (X units) took an 8.1% share (based on physical terms) of total imports, which put it in second place, followed by Malaysia (6.3%), the Philippines (5.3%) and Indonesia (4.7%).

From 2012 to 2022, the biggest increases were recorded for Indonesia (with a CAGR of +45.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) constitutes the largest market for imported electric sound amplifier sets in Asia, comprising 26% of total imports. The second position in the ranking was held by Indonesia ($X), with a 12% share of total imports. It was followed by India, with a 9.9% share.

From 2012 to 2022, the average annual growth rate of value in Japan totaled -2.8%. The remaining importing countries recorded the following average annual rates of imports growth: Indonesia (+42.2% per year) and India (+12.6% per year).

Import Prices by Country

The import price in Asia stood at $X per unit in 2022, falling by -9.9% against the previous year. Over the period under review, the import price saw a perceptible decrease. The most prominent rate of growth was recorded in 2020 an increase of 29%. The level of import peaked at $X per unit in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Indonesia ($X per unit), while Singapore ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+5.1%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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