Eastern Asia: Electric Sound Amplifier Market 2024

Electric Sound Amplifier Market Size in Eastern Asia

After four years of decline, the East Asian electric sound amplifier market increased by 16% to $X in 2022. Overall, consumption, however, saw a noticeable setback. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Electric Sound Amplifier Production in Eastern Asia

In value terms, electric sound amplifier production stood at $X in 2022 estimated in export price. Overall, production saw a slight descent. The growth pace was the most rapid in 2017 with an increase of 5.5%. Over the period under review, production reached the maximum level at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

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Electric Sound Amplifier Exports

Exports in Eastern Asia

After three years of growth, overseas shipments of electric sound amplifier sets decreased by -27.7% to X units in 2022. Total exports indicated buoyant growth from 2012 to 2022: its volume increased at an average annual rate of +5.0% 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 34% against the previous year. The volume of export peaked at X units in 2021, and then reduced rapidly in the following year.

In value terms, electric sound amplifier exports shrank notably to $X in 2022. Total exports indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 31% against the previous year. The level of export peaked at $X in 2021, and then dropped notably in the following year.

Exports by Country

China dominates exports structure, recording X units, which was near 86% of total exports in 2022. It was distantly followed by Japan (X units), achieving an 8.8% share of total exports. Hong Kong SAR (X units) held a relatively small share of total exports.

From 2012 to 2022, average annual rates of growth with regard to electric sound amplifier exports from China stood at +7.3%. At the same time, Japan (+25.1%) displayed positive paces of growth. Moreover, Japan emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of +25.1% from 2012-2022. By contrast, Hong Kong SAR (-11.0%) illustrated a downward trend over the same period. While the share of China (+17 p.p.) and Japan (+7.3 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Hong Kong SAR (-16.1 p.p.) displayed negative dynamics.

In value terms, China ($X) remains the largest electric sound amplifier supplier in Eastern Asia, comprising 71% of total exports. The second position in the ranking was held by Japan ($X), with a 20% share of total exports.

In China, electric sound amplifier exports increased at an average annual rate of +4.8% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Japan (+16.4% per year) and Hong Kong SAR (-10.1% per year).

Export Prices by Country

The export price in Eastern Asia stood at $X per unit in 2022, increasing by 12% against the previous year. In general, the export price, however, showed a slight setback. The most prominent rate of growth was recorded in 2013 when the export price increased by 16%. 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 ($X per unit), while China ($X per unit) was amongst the lowest.

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

Electric Sound Amplifier Imports

Imports in Eastern Asia

In 2022, supplies from abroad of electric sound amplifier sets increased by 38% to X units, rising for the third year in a row after three years of decline. Over the period under review, imports, however, showed a deep downturn. The volume of import peaked at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, electric sound amplifier imports surged to $X in 2022. Overall, imports, however, recorded a pronounced contraction. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Japan was the main importing country with an import of about X units, which amounted to 69% of total imports. It was distantly followed by South Korea (X units) and Hong Kong SAR (X units), together making up a 26% share of total imports. Taiwan (Chinese) (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 Japan stood at -4.2%. At the same time, Taiwan (Chinese) (+7.1%) displayed positive paces of growth. Moreover, Taiwan (Chinese) emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of +7.1% from 2012-2022. South Korea experienced a relatively flat trend pattern. By contrast, Hong Kong SAR (-17.5%) illustrated a downward trend over the same period. Japan (+17 p.p.), South Korea (+7.4 p.p.) and Taiwan (Chinese) (+2.4 p.p.) significantly strengthened its position in terms of the total imports, while Hong Kong SAR saw its share reduced by -28% from 2012 to 2022, respectively.

In value terms, Japan ($X) constitutes the largest market for imported electric sound amplifier sets in Eastern Asia, comprising 61% of total imports. The second position in the ranking was held by South Korea ($X), with a 21% share of total imports. It was followed by Hong Kong SAR, with a 9.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Japan amounted to -2.8%. The remaining importing countries recorded the following average annual rates of imports growth: South Korea (+2.3% per year) and Hong Kong SAR (-12.3% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per unit in 2022, growing by 3.8% against the previous year. Over the last decade, it increased at an average annual rate of +3.6%. The most prominent rate of growth was recorded in 2013 an increase of 19% against the previous year. The level of import peaked at $X per unit in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was South Korea ($X per unit), while Hong Kong SAR ($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 (+6.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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