Greece: Electric Sound Amplifier Market 2024

Electric Sound Amplifier Market Size in Greece

After two years of decline, the Greek electric sound amplifier market increased by 97% to $X in 2022. Over the period under review, consumption continues to indicate buoyant growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Electric Sound Amplifier Exports

Exports from Greece

In 2022, after three years of growth, there was significant decline in overseas shipments of electric sound amplifier sets, when their volume decreased by -52.8% to X units. In general, exports, however, saw a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 789% against the previous year. As a result, the exports attained the peak of X units, and then fell remarkably in the following year.

In value terms, electric sound amplifier exports reduced to $X in 2022. Over the period under review, exports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2016 with an increase of 69%. The exports peaked at $X in 2021, and then fell in the following year.

Exports by Country

Slovakia (X units) was the main destination for electric sound amplifier exports from Greece, with a 79% share of total exports. Moreover, electric sound amplifier exports to Slovakia exceeded the volume sent to the second major destination, Canada (X units), ninefold. Italy (X units) ranked third in terms of total exports with a 5.5% share.

From 2012 to 2022, the average annual growth rate of volume to Slovakia totaled +1,577.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+68.0% per year) and Italy (+22.5% per year).

In value terms, Italy ($X) emerged as the key foreign market for electric sound amplifier sets exports from Greece, comprising 20% of total exports. The second position in the ranking was held by Slovakia ($X), with a 3.7% share of total exports. It was followed by Cyprus, with a 2.7% share.

From 2012 to 2022, the average annual growth rate of value to Italy amounted to +23.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (+3,029.2% per year) and Cyprus (-5.7% per year).

Export Prices by Country

The average electric sound amplifier export price stood at $X per unit in 2022, jumping by 101% against the previous year. In general, the export price, however, faced a abrupt slump. The most prominent rate of growth was recorded in 2017 an increase of 141%. The export price peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($X per unit), while the average price for exports to Slovakia ($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 Slovakia (+86.4%), while the prices for the other major destinations experienced mixed trend patterns.

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Electric Sound Amplifier Imports

Imports into Greece

In 2022, overseas purchases of electric sound amplifier sets increased by 4.9% to X units, rising for the sixth year in a row after three years of decline. Over the period under review, imports saw a strong increase. The most prominent rate of growth was recorded in 2021 when imports increased by 134%. Imports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, electric sound amplifier imports contracted markedly to $X in 2022. Overall, imports recorded a strong expansion. The pace of growth was the most pronounced in 2021 with an increase of 228%. As a result, imports attained the peak of $X, and then declined remarkably in the following year.

Imports by Country

In 2022, China (X units) constituted the largest electric sound amplifier supplier to Greece, with a 51% share of total imports. Moreover, electric sound amplifier imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), twofold. The Netherlands (X units) ranked third in terms of total imports with a 9.8% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +43.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+7.7% per year) and the Netherlands (+21.7% per year).

In value terms, China ($X) constituted the largest supplier of electric sound amplifier sets to Greece, comprising 39% of total imports. The second position in the ranking was taken by Italy ($X), with a 16% share of total imports. It was followed by the Netherlands, with a 9.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +32.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+52.4% per year) and the Netherlands (+12.2% per year).

Import Prices by Country

The average electric sound amplifier import price stood at $X per unit in 2022, waning by -38.7% against the previous year. Overall, the import price showed a deep slump. The pace of growth was the most pronounced in 2021 when the average import price increased by 40% against the previous year. The import price peaked at $X per unit in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the UK ($X per unit), while the price for Germany ($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 UK (+3.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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