Japan: Electric Sound Amplifier Market 2024

Electric Sound Amplifier Market Size in Japan

In 2022, the Japanese electric sound amplifier market increased by 16% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption, however, recorded a noticeable downturn. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Electric Sound Amplifier Production in Japan

In value terms, electric sound amplifier production reduced to $X in 2022 estimated in export price. In general, the total production indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +4.8% against 2020 indices. The pace of growth was the most pronounced in 2017 when the production volume increased by 49% against the previous year. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

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Electric Sound Amplifier Exports

Exports from Japan

In 2022, approx. X units of electric sound amplifier sets were exported from Japan; picking up by 8.6% on the previous year's figure. In general, exports showed a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 126%. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in years to come.

In value terms, electric sound amplifier exports expanded significantly to $X in 2022. Overall, exports enjoyed a strong increase. The growth pace was the most rapid in 2020 with an increase of 133%. Over the period under review, the exports reached the maximum in 2022 and are likely to see steady growth in the near future.

Exports by Country

The United States (X units) was the main destination for electric sound amplifier exports from Japan, accounting for a 46% share of total exports. Moreover, electric sound amplifier exports to the United States exceeded the volume sent to the second major destination, Germany (X units), threefold. China (X units) ranked third in terms of total exports with a 15% share.

From 2012 to 2022, the average annual growth rate of volume to the United States amounted to +42.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+12.8% per year) and China (+27.0% per year).

In value terms, the United States ($X) remains the key foreign market for electric sound amplifier sets exports from Japan, comprising 46% of total exports. The second position in the ranking was held by Germany ($X), with a 15% share of total exports. It was followed by China, with a 15% share.

From 2012 to 2022, the average annual growth rate of value to the United States amounted to +28.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+10.3% per year) and China (+23.0% per year).

Export Prices by Country

The average electric sound amplifier export price stood at $X per unit in 2022, falling by -2.2% against the previous year. In general, the export price recorded a abrupt slump. The pace of growth appeared the most rapid in 2018 an increase of 11%. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Taiwan (Chinese) ($X per unit) and Italy ($X per unit), while the average price for exports to Russia ($X per unit) and Vietnam ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+5.7%), while the prices for the other major destinations experienced a decline.

Electric Sound Amplifier Imports

Imports into Japan

In 2022, supplies from abroad of electric sound amplifier sets increased by 104% to X units, rising for the second year in a row after three years of decline. Overall, imports, however, continue to indicate a pronounced slump. Imports 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 soared to $X in 2022. In general, imports, however, recorded a pronounced downturn. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of electric sound amplifier to Japan, with a 83% share of total imports. Moreover, electric sound amplifier imports from China exceeded the figures recorded by the second-largest supplier, Vietnam (X units), more than tenfold. Taiwan (Chinese) (X units) ranked third in terms of total imports with a 2.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+41.5% per year) and Taiwan (Chinese) (-1.5% per year).

In value terms, China ($X) constituted the largest supplier of electric sound amplifier sets to Japan, comprising 83% of total imports. The second position in the ranking was held by Vietnam ($X), with a 4.8% share of total imports. It was followed by Taiwan (Chinese), with a 2.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +1.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+43.6% per year) and Taiwan (Chinese) (-0.1% per year).

Import Prices by Country

In 2022, the average electric sound amplifier import price amounted to $X per unit, picking up by 2.7% against the previous year. Over the last decade, it increased at an average annual rate of +1.5%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Malaysia ($X per unit) and Mexico ($X per unit), while the price for Germany ($X per unit) and Taiwan (Chinese) ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+1.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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