Kenya: Electric Sound Amplifier Market 2024

Electric Sound Amplifier Market Size in Kenya

The Kenyan electric sound amplifier market fell to $X in 2022, shrinking by -12.3% 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 prominent increase. Electric sound amplifier consumption peaked at $X in 2021, and then dropped in the following year.

Electric Sound Amplifier Exports

Exports from Kenya

In 2022, after two years of growth, there was significant decline in shipments abroad of electric sound amplifier sets, when their volume decreased by -16.2% to X units. Overall, exports faced a drastic downturn. The pace of growth was the most pronounced in 2013 when exports increased by 359%. As a result, the exports reached the peak of X units. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, electric sound amplifier exports shrank notably to $X in 2022. In general, exports faced a abrupt downturn. The most prominent rate of growth was recorded in 2020 with an increase of 247% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Democratic Republic of the Congo (X units), Rwanda (X units) and Uganda (X units) were the main destinations of electric sound amplifier exports from Kenya, together accounting for 52% of total exports.

From 2012 to 2022, the biggest increases were recorded for Rwanda (with a CAGR of +17.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X) remains the key foreign market for electric sound amplifier sets exports from Kenya, comprising 54% of total exports. The second position in the ranking was held by Rwanda ($X), with a 13% share of total exports. It was followed by Democratic Republic of the Congo, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the UK was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Rwanda (+40.4% per year) and Democratic Republic of the Congo (+0.2% per year).

Export Prices by Country

The average electric sound amplifier export price stood at $X per unit in 2022, which is down by -14% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of 110% against the previous year. The export price peaked at $X per unit in 2021, and then shrank in the following year.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per unit), while the average price for exports to Burundi ($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 Democratic Republic of the Congo (+27.3%), while the prices for the other major destinations experienced more modest paces of growth.

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 Imports

Imports into Kenya

In 2022, approx. X units of electric sound amplifier sets were imported into Kenya; with a decrease of -14.4% on 2021. Over the period under review, imports, however, showed prominent growth. The pace of growth was the most pronounced in 2014 when imports increased by 318%. Over the period under review, imports attained the maximum at X units in 2021, and then fell in the following year.

In value terms, electric sound amplifier imports fell to $X in 2022. Overall, imports, however, posted buoyant growth. The most prominent rate of growth was recorded in 2018 with an increase of 359%. Over the period under review, imports reached the maximum at $X in 2021, and then fell in the following year.

Imports by Country

In 2022, China (X units) was the main supplier of electric sound amplifier to Kenya, accounting for a 91% share of total imports. It was followed by Rwanda (X units), with a 2.4% share of total imports. The third position in this ranking was held by India (X units), with a 1.8% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +38.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Rwanda (+103.4% per year) and India (+16.8% per year).

In value terms, China ($X) constituted the largest supplier of electric sound amplifier sets to Kenya, comprising 77% of total imports. The second position in the ranking was taken by Rwanda ($X), with a 3.4% share of total imports. It was followed by the UK, with a 2.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +53.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Rwanda (+116.5% per year) and the UK (+0.2% per year).

Import Prices by Country

In 2022, the average electric sound amplifier import price amounted to $X per unit, growing by 4.5% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 98% against the previous year. Over the period under review, average import prices attained the maximum at $X per unit in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

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 ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+10.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :