Iran: Electric Sound Amplifier Market 2024

Electric Sound Amplifier Market Size in Iran

The Iranian electric sound amplifier market dropped dramatically to $X in 2022, which is down by -34.6% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption saw a deep reduction. Electric sound amplifier consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Electric Sound Amplifier Exports

Exports from Iran

In 2022, after two years of growth, there was significant decline in overseas shipments of electric sound amplifier sets, when their volume decreased by -46.7% to X units. In general, exports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when exports increased by 9,631%. Over the period under review, the exports hit record highs at X units in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, electric sound amplifier exports shrank sharply to $X in 2022. Overall, exports recorded a deep reduction. The pace of growth was the most pronounced in 2014 when exports increased by 17,437% against the previous year. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

Iraq (X units) was the main destination for electric sound amplifier exports from Iran, with a 81% share of total exports. Moreover, electric sound amplifier exports to Iraq exceeded the volume sent to the second major destination, France (X units), ninefold. The United Arab Emirates (X units) ranked third in terms of total exports with a 4.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Iraq totaled -1.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+55.2% per year) and the United Arab Emirates (+45.3% per year).

In value terms, Iraq ($X) remains the key foreign market for electric sound amplifier sets exports from Iran, comprising 78% of total exports. The second position in the ranking was taken by France ($X), with a 17% share of total exports. It was followed by the United Arab Emirates, with a 3.5% share.

From 2012 to 2022, the average annual growth rate of value to Iraq amounted to -8.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+66.4% per year) and the United Arab Emirates (+58.5% per year).

Export Prices by Country

The average electric sound amplifier export price stood at $X per unit in 2022, jumping by 59% against the previous year. In general, the export price, however, continues to indicate a abrupt curtailment. The pace of growth appeared the most rapid in 2014 when the average export price increased by 80% against the previous year. Over the period under review, the average export prices reached the maximum at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per unit), while the average price for exports to Afghanistan ($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 the United Arab Emirates (+9.1%), while the prices for the other major destinations experienced mixed trend patterns.

Electric Sound Amplifier Imports

Imports into Iran

In 2022, imports of electric sound amplifier sets into Iran shrank sharply to X units, with a decrease of -38.8% against 2021. Over the period under review, imports recorded a abrupt contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 199%. Over the period under review, imports reached the peak figure at X units in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, electric sound amplifier imports reduced remarkably to $X in 2022. In general, imports showed a deep setback. The pace of growth appeared the most rapid in 2017 with an increase of 73% against the previous year. Over the period under review, imports attained the maximum at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest electric sound amplifier supplier to Iran, with a 77% share of total imports. Moreover, electric sound amplifier imports from China exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X units), fourfold.

From 2012 to 2022, the average annual growth rate of volume from China totaled +12.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (-19.7% per year) and Oman (-28.7% per year).

In value terms, the largest electric sound amplifier suppliers to Iran were the United Arab Emirates ($X), China ($X) and Oman ($X), with a combined 80% share of total imports.

Among the main suppliers, China, with a CAGR of +4.4%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average electric sound amplifier import price stood at $X per unit in 2022, with an increase of 30% against the previous year. Over the period under review, the import price, however, showed a abrupt descent. The pace of growth was the most pronounced in 2014 when the average import price increased by 127% against the previous year. As a result, import price attained the peak level of $X per unit. From 2015 to 2022, the average 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 United Arab Emirates ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+2.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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