Ireland: Electric Sound Amplifier Market 2024

Electric Sound Amplifier Market Size in Ireland

The Irish electric sound amplifier market soared to $X in 2022, picking up by 58% 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, however, continues to indicate a slight decrease. Electric sound amplifier consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Electric Sound Amplifier Exports

Exports from Ireland

In 2022, overseas shipments of electric sound amplifier sets were finally on the rise to reach X units after four years of decline. Over the period under review, exports, however, saw a deep setback. The growth pace was the most rapid in 2015 with an increase of 36%. As a result, the exports attained the peak of X units. From 2016 to 2022, the growth of the exports remained at a lower figure.

In value terms, electric sound amplifier exports skyrocketed to $X in 2022. Overall, exports, however, showed a relatively flat trend pattern. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

France (X units) was the main destination for electric sound amplifier exports from Ireland, with a 51% share of total exports. Moreover, electric sound amplifier exports to France exceeded the volume sent to the second major destination, the UK (X units), twofold. The third position in this ranking was taken by Poland (X units), with an 11% share.

From 2012 to 2022, the average annual growth rate of volume to France amounted to +4.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+4.6% per year) and Poland (+31.6% per year).

In value terms, France ($X), the UK ($X) and Poland ($X) were the largest markets for electric sound amplifier exported from Ireland worldwide, with a combined 72% share of total exports.

In terms of the main countries of destination, Poland, with a CAGR of +36.2%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average electric sound amplifier export price stood at $X per unit in 2022, rising by 136% against the previous year. Overall, the export price recorded a resilient expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Sweden ($X per unit), while the average price for exports to the United States ($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 Sweden (+62.0%), while the prices for the other major destinations experienced more modest paces of growth.

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Electric Sound Amplifier Imports

Imports into Ireland

In 2022, the amount of electric sound amplifier sets imported into Ireland skyrocketed to X units, rising by 24% against 2021 figures. In general, imports recorded strong growth. The growth pace was the most rapid in 2014 with an increase of 112%. Over the period under review, imports hit record highs at X units in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, electric sound amplifier imports surged to $X in 2022. Over the period under review, imports saw resilient growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X units) constituted the largest electric sound amplifier supplier to Ireland, with a 40% share of total imports. Moreover, electric sound amplifier imports from China exceeded the figures recorded by the second-largest supplier, the UK (X units), twofold. Belgium (X units) ranked third in terms of total imports with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +12.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+2.4% per year) and Belgium (+87.0% per year).

In value terms, the UK ($X) constituted the largest supplier of electric sound amplifier sets to Ireland, comprising 59% of total imports. The second position in the ranking was held by China ($X), with a 22% share of total imports. It was followed by Malaysia, with a 4.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the UK totaled +23.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+22.1% per year) and Malaysia (+111.6% per year).

Import Prices by Country

The average electric sound amplifier import price stood at $X per unit in 2022, jumping by 56% against the previous year. Overall, the import price posted buoyant growth. The pace of growth appeared the most rapid in 2021 when the average import price increased by 139% against the previous year. The import price peaked in 2022 and is expected to retain growth in the immediate term.

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 Netherlands ($X per unit), while the price for France ($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 Netherlands (+39.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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