Lithuania: Electric Sound Amplifier Market 2024

Electric Sound Amplifier Market Size in Lithuania

The Lithuanian electric sound amplifier market contracted to $X in 2022, shrinking by -13.7% against the previous year. Over the period under review, consumption recorded a mild decrease. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Electric Sound Amplifier Production in Lithuania

In value terms, electric sound amplifier production reduced to $X in 2022 estimated in export price. Overall, production showed a pronounced decline. The most prominent rate of growth was recorded in 2014 with an increase of 47% against the previous year. Over the period under review, production reached the peak level at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

Electric Sound Amplifier Exports

Exports from Lithuania

Electric sound amplifier exports from Lithuania rose markedly to X units in 2022, increasing by 6.4% compared with 2021. In general, exports, however, continue to indicate a noticeable shrinkage. The most prominent rate of growth was recorded in 2013 with an increase of 248%. As a result, the exports reached the peak of X units. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, electric sound amplifier exports surged to $X in 2022. Over the period under review, exports showed a modest expansion. The most prominent rate of growth was recorded in 2013 with an increase of 134% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Cambodia (X units), Poland (X units) and Belarus (X units) were the main destinations of electric sound amplifier exports from Lithuania, together accounting for 60% of total exports.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +78.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Kazakhstan ($X) and Uzbekistan ($X) appeared to be the largest markets for electric sound amplifier exported from Lithuania worldwide, together comprising 60% of total exports.

Poland, with a CAGR of +71.6%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average electric sound amplifier export price amounted to $X per unit, growing by 10% against the previous year. In general, the export price posted a resilient expansion. The most prominent rate of growth was recorded in 2014 an increase of 78% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Uzbekistan ($X per unit), while the average price for exports to Cambodia ($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 Uzbekistan (+25.5%), while the prices for the other major destinations experienced more modest paces of growth.

Electric Sound Amplifier Imports

Imports into Lithuania

In 2022, overseas purchases of electric sound amplifier sets decreased by -15.7% to X units for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, posted a prominent increase. The pace of growth appeared the most rapid in 2013 when imports increased by 78%. Over the period under review, imports hit record highs at X units in 2021, and then contracted dramatically in the following year.

In value terms, electric sound amplifier imports amounted to $X in 2022. Over the period under review, imports, however, continue to indicate strong growth. The most prominent rate of growth was recorded in 2013 with an increase of 174%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

China (X units), Germany (X units) and Latvia (X units) were the main suppliers of electric sound amplifier imports to Lithuania, with a combined 42% share of total imports. Sweden, Poland, Belgium, Estonia, the Netherlands, the UK, Italy, Denmark, Vietnam and France lagged somewhat behind, together accounting for a further 52%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Sweden (with a CAGR of +50.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest electric sound amplifier suppliers to Lithuania were Latvia ($X), Poland ($X) and Germany ($X), together accounting for 50% of total imports. Sweden, Estonia, Italy, Belgium, the UK, China, Vietnam, the Netherlands, France and Denmark lagged somewhat behind, together accounting for a further 44%.

Among the main suppliers, Vietnam, with a CAGR of +74.4%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average electric sound amplifier import price stood at $X per unit in 2022, growing by 26% against the previous year. Overall, the import price saw strong growth. The most prominent rate of growth was recorded in 2013 an increase of 54% against the previous year. Over the period under review, average import prices attained the maximum at $X per unit in 2020; however, from 2021 to 2022, 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 Italy ($X per unit), while the price for Denmark ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+29.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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