Central Asia: Electric Sound Amplifier Market 2024

Electric Sound Amplifier Market Size in Central Asia

The Central Asian electric sound amplifier market shrank slightly to $X in 2022, declining by -2.7% against the previous year. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. The level of consumption peaked at $X in 2021, and then dropped modestly in the following year.

Electric Sound Amplifier Production in Central Asia

In value terms, electric sound amplifier production shrank slightly to $X in 2022 estimated in export price. Overall, production recorded a perceptible decline. The pace of growth was the most pronounced in 2017 when the production volume increased by 150%. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

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Electric Sound Amplifier Exports

Exports in Central Asia

In 2022, shipments abroad of electric sound amplifier sets decreased by -18.1% to X units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 9,529% against the previous year. As a result, the exports attained the peak of X units, and then reduced notably in the following year.

In value terms, electric sound amplifier exports surged to $X in 2022. In general, exports, however, recorded significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 1,078% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the immediate term.

Exports by Country

In 2022, Kyrgyzstan (X units) and Kazakhstan (X units) was the major exporter of electric sound amplifier sets in Central Asia, making up 99.9% of total export.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Kyrgyzstan (with a CAGR of +171.5%).

In value terms, Kazakhstan ($X) emerged as the largest electric sound amplifier supplier in Central Asia, comprising 74% of total exports. The second position in the ranking was taken by Kyrgyzstan ($X), with a 26% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Kazakhstan stood at +62.9%.

Export Prices by Country

The export price in Central Asia stood at $X per unit in 2022, with an increase of 90% against the previous year. Overall, the export price posted strong growth. The pace of growth appeared the most rapid in 2013 an increase of 576%. Over the period under review, the export prices attained the maximum at $X per unit in 2018; however, from 2019 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 Kazakhstan ($X per unit), while Kyrgyzstan totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kyrgyzstan (+4.8%).

Electric Sound Amplifier Imports

Imports in Central Asia

In 2022, after two years of growth, there was significant decline in purchases abroad of electric sound amplifier sets, when their volume decreased by -11.7% to X units. In general, imports, however, continue to indicate a measured increase. The growth pace was the most rapid in 2018 when imports increased by 150% against the previous year. As a result, imports reached the peak of X units. From 2019 to 2022, the growth of imports failed to regain momentum.

In value terms, electric sound amplifier imports contracted to $X in 2022. Over the period under review, imports showed a abrupt decline. The growth pace was the most rapid in 2020 when imports increased by 40% against the previous year. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

Kazakhstan was the key importer of electric sound amplifier sets in Central Asia, with the volume of imports finishing at X units, which was approx. 61% of total imports in 2022. Uzbekistan (X units) held the second position in the ranking, followed by Kyrgyzstan (X units). All these countries together took near 34% share of total imports. Mongolia (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to electric sound amplifier imports into Kazakhstan stood at +2.0%. At the same time, Uzbekistan (+52.7%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in Central Asia, with a CAGR of +52.7% from 2012-2022. Kyrgyzstan experienced a relatively flat trend pattern. By contrast, Mongolia (-4.8%) illustrated a downward trend over the same period. Uzbekistan (+19 p.p.) significantly strengthened its position in terms of the total imports, while Kazakhstan, Kyrgyzstan and Mongolia saw its share reduced by -3.1%, -3.5% and -3.8% from 2012 to 2022, respectively.

In value terms, Kazakhstan ($X) constitutes the largest market for imported electric sound amplifier sets in Central Asia, comprising 73% of total imports. The second position in the ranking was held by Uzbekistan ($X), with a 10% share of total imports. It was followed by Mongolia, with an 8.7% share.

In Kazakhstan, electric sound amplifier imports contracted by an average annual rate of -7.5% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Uzbekistan (+67.1% per year) and Mongolia (-4.1% per year).

Import Prices by Country

The import price in Central Asia stood at $X per unit in 2022, surging by 4.5% against the previous year. Overall, the import price, however, saw a deep reduction. The most prominent rate of growth was recorded in 2017 when the import price increased by 157% against the previous year. 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 Mongolia ($X per unit), while Kyrgyzstan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (+9.4%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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