Belgium: Electric Sound Amplifier Market 2024

Electric Sound Amplifier Market Size in Belgium

For the fifth year in a row, the Belgian electric sound amplifier market recorded growth in sales value, which increased by 13% to $X in 2022. Overall, consumption saw a buoyant increase. Electric sound amplifier consumption peaked in 2022 and is expected to retain growth in years to come.

Electric Sound Amplifier Production in Belgium

In value terms, electric sound amplifier production dropped modestly to $X in 2022 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of 72%. Electric sound amplifier production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Electric Sound Amplifier Exports

Exports from Belgium

In 2022, overseas shipments of electric sound amplifier sets decreased by -20.8% to X units for the first time since 2019, thus ending a two-year rising trend. Over the period under review, total exports indicated a pronounced increase from 2012 to 2022: its volume increased at an average annual rate of +3.5% 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 2020 when exports increased by 59%. The exports peaked at X units in 2021, and then reduced rapidly in the following year.

In value terms, electric sound amplifier exports declined dramatically to $X in 2022. In general, exports, however, posted a remarkable increase. The growth pace was the most rapid in 2020 with an increase of 40%. The exports peaked at $X in 2021, and then fell significantly in the following year.

Exports by Country

France (X units), Spain (X units) and Germany (X units) were the main destinations of electric sound amplifier exports from Belgium, together comprising 65% of total exports.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of +27.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Germany ($X) and the Netherlands ($X) appeared to be the largest markets for electric sound amplifier exported from Belgium worldwide, with a combined 46% share of total exports. Spain, Italy, the UK, Sweden, Russia, the United Arab Emirates, Denmark and Luxembourg lagged somewhat behind, together comprising a further 29%.

Spain, with a CAGR of +22.1%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average electric sound amplifier export price amounted to $X per unit, which is down by -12.9% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.7%. The pace of growth appeared the most rapid in 2015 when the average export price increased by 23% against the previous year. The export price peaked at $X per unit in 2021, and then fell in the following year.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Luxembourg ($X per unit), while the average price for exports to Spain ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Luxembourg (+11.9%), while the prices for the other major destinations experienced more modest paces of growth.

Electric Sound Amplifier Imports

Imports into Belgium

In 2022, purchases abroad of electric sound amplifier sets increased by 11% to X units, rising for the third consecutive year after two years of decline. Overall, imports enjoyed strong growth. The most prominent rate of growth was recorded in 2020 with an increase of 90%. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, electric sound amplifier imports contracted to $X in 2022. Over the period under review, imports enjoyed resilient growth. The pace of growth appeared the most rapid in 2014 with an increase of 50% against the previous year. Over the period under review, imports reached the peak figure at $X in 2021, and then contracted in the following year.

Imports by Country

In 2022, China (X units) constituted the largest electric sound amplifier supplier to Belgium, accounting for a 89% share of total imports. Moreover, electric sound amplifier imports from China exceeded the figures recorded by the second-largest supplier, the Netherlands (X units), more than tenfold. France (X units) ranked third in terms of total imports with a 1.8% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +22.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+6.8% per year) and France (+0.8% per year).

In value terms, China ($X) constituted the largest supplier of electric sound amplifier sets to Belgium, comprising 60% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 28% share of total imports. It was followed by France, with a 3.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +11.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+9.0% per year) and France (+4.7% per year).

Import Prices by Country

The average electric sound amplifier import price stood at $X per unit in 2022, declining by -16.7% against the previous year. Overall, the import price saw a abrupt curtailment. The pace of growth was the most pronounced in 2014 when the average import price increased by 16%. The import price peaked at $X per unit in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+3.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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