Eastern Europe: Electric Sound Amplifier Market 2024

Electric Sound Amplifier Market Size in Eastern Europe

In 2022, the East European electric sound amplifier market decreased by -19.7% to $X, falling for the fourth year in a row after five years of growth. Overall, consumption recorded a noticeable setback. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

Electric Sound Amplifier Production in Eastern Europe

In value terms, electric sound amplifier production reduced rapidly to $X in 2022 estimated in export price. In general, production, however, saw a pronounced setback. The growth pace was the most rapid in 2021 when the production volume increased by 58%. The level of production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Electric Sound Amplifier Exports

Exports in Eastern Europe

For the fourth year in a row, Eastern Europe recorded growth in shipments abroad of electric sound amplifier sets, which increased by 27% to X units in 2022. Over the period under review, exports continue to indicate a remarkable increase. The pace of growth appeared the most rapid in 2014 when exports increased by 51% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, electric sound amplifier exports stood at $X in 2022. Overall, exports saw a prominent expansion. The pace of growth was the most pronounced in 2014 with an increase of 102% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

Exports by Country

Poland was the major exporter of electric sound amplifier sets in Eastern Europe, with the volume of exports finishing at X units, which was near 76% of total exports in 2022. It was distantly followed by Hungary (X units), achieving a 12% share of total exports. The following exporters - Slovakia (X units), the Czech Republic (X units) and Belarus (X units) - together made up 7.9% of total exports.

From 2012 to 2022, average annual rates of growth with regard to electric sound amplifier exports from Poland stood at +32.0%. At the same time, Belarus (+60.4%) and Hungary (+30.2%) displayed positive paces of growth. Moreover, Belarus emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of +60.4% from 2012-2022. Slovakia experienced a relatively flat trend pattern. By contrast, the Czech Republic (-9.7%) illustrated a downward trend over the same period. While the share of Poland (+51 p.p.), Hungary (+7.2 p.p.) and Belarus (+1.8 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Slovakia (-15.9 p.p.) and the Czech Republic (-36.2 p.p.) displayed negative dynamics.

In value terms, Poland ($X) remains the largest electric sound amplifier supplier in Eastern Europe, comprising 77% of total exports. The second position in the ranking was taken by the Czech Republic ($X), with a 6.7% share of total exports. It was followed by Slovakia, with a 6.5% share.

In Poland, electric sound amplifier exports expanded at an average annual rate of +32.3% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the Czech Republic (+0.4% per year) and Slovakia (-0.0% per year).

Export Prices by Country

The export price in Eastern Europe stood at $X per unit in 2022, with a decrease of -16.9% against the previous year. Overall, the export price saw a noticeable downturn. The most prominent rate of growth was recorded in 2014 an increase of 34%. As a result, the export price attained the peak level of $X per unit. From 2015 to 2022, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the Czech Republic ($X per unit), while Hungary ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+11.2%), while the other leaders experienced more modest paces of growth.

Electric Sound Amplifier Imports

Imports in Eastern Europe

In 2022, supplies from abroad of electric sound amplifier sets increased by 14% to X units, rising for the fifth year in a row after two years of decline. Total imports indicated a pronounced expansion from 2012 to 2022: its volume increased at an average annual rate of +3.6% 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 +122.0% against 2017 indices. The growth pace was the most rapid in 2019 with an increase of 41%. Over the period under review, imports attained the maximum in 2022 and are likely to continue growth in the near future.

In value terms, electric sound amplifier imports stood at $X in 2022. Total imports indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of +2.1% 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 +102.9% against 2016 indices. The pace of growth was the most pronounced in 2019 when imports increased by 35%. The level of import peaked in 2022 and is likely to see gradual growth in the immediate term.

Imports by Country

In 2022, Poland (X units), distantly followed by Romania (X units), Hungary (X units), the Czech Republic (X units), Russia (X units), Ukraine (X units) and Slovakia (X units) represented the major importers of electric sound amplifier sets, together creating 90% of total imports.

From 2012 to 2022, the biggest increases were recorded for Ukraine (with a CAGR of +46.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Hungary ($X) and the Czech Republic ($X) were the countries with the highest levels of imports in 2022, together comprising 48% of total imports. Slovakia, Romania, Russia and Ukraine lagged somewhat behind, together accounting for a further 34%.

Among the main importing countries, Romania, with a CAGR of +13.4%, recorded 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

The import price in Eastern Europe stood at $X per unit in 2022, dropping by -6.5% against the previous year. Over the period under review, the import price continues to indicate a slight downturn. The growth pace was the most rapid in 2017 an increase of 21%. Over the period under review, import prices hit record highs at $X per unit in 2018; however, from 2019 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 Slovakia ($X per unit), while Ukraine ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovakia (+2.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :