Luxembourg: Electric Sound Amplifier Market 2024

Electric Sound Amplifier Market Size in Luxembourg

In 2022, after two years of decline, there was significant growth in the Luxembourg electric sound amplifier market, when its value increased by 23% to $X. In general, consumption, however, continues to indicate a abrupt contraction. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market failed to regain momentum.

Electric Sound Amplifier Exports

Exports from Luxembourg

In 2022, overseas shipments of electric sound amplifier sets decreased by -30% to X units, falling for the second consecutive year after two years of growth. Over the period under review, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when exports increased by 511% against the previous year. Over the period under review, the exports hit record highs at X units in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, electric sound amplifier exports rose significantly to $X in 2022. Overall, exports, however, recorded a modest expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 348% against the previous year. Over the period under review, the exports reached the maximum at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Poland (X units) was the main destination for electric sound amplifier exports from Luxembourg, accounting for a 50% share of total exports. Moreover, electric sound amplifier exports to Poland exceeded the volume sent to the second major destination, the United States (X units), fourfold. The UK (X units) ranked third in terms of total exports with a 9.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Poland amounted to +41.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+6.1% per year) and the UK (+35.9% per year).

In value terms, the largest markets for electric sound amplifier exported from Luxembourg were the United States ($X), Poland ($X) and the UK ($X), with a combined 59% share of total exports. Belgium, France, Germany, Austria, Finland and Latvia lagged somewhat behind, together accounting for a further 8%.

Austria, with a CAGR of +196.0%, recorded the highest rates of growth with regard to 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

The average electric sound amplifier export price stood at $X per unit in 2022, jumping by 59% against the previous year. Overall, export price indicated mild growth from 2012 to 2022: its price increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, electric sound amplifier export price increased by +101.0% against 2020 indices. The pace of growth was the most pronounced in 2018 when the average export price increased by 65% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Latvia ($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 Austria (+54.7%), while the prices for the other major destinations experienced more modest paces of growth.

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Electric Sound Amplifier Imports

Imports into Luxembourg

After two years of decline, overseas purchases of electric sound amplifier sets increased by 56% to X units in 2022. Overall, imports, however, continue to indicate a pronounced decrease. The growth pace was the most rapid in 2019 with an increase of 92% against the previous year. As a result, imports reached the peak of X units. From 2020 to 2022, the growth of imports remained at a lower figure.

In value terms, electric sound amplifier imports reduced to $X in 2022. Over the period under review, imports, however, showed a abrupt slump. The pace of growth was the most pronounced in 2019 when imports increased by 37% against the previous year. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

Germany (X units), Belgium (X units) and China (X units) were the main suppliers of electric sound amplifier imports to Luxembourg, together comprising 82% of total imports.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of +11.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Belgium ($X) and China ($X) appeared to be the largest electric sound amplifier suppliers to Luxembourg, together comprising 61% of total imports. The Netherlands, Japan, France, Ireland and the UK lagged somewhat behind, together comprising a further 28%.

Ireland, with a CAGR of +5.3%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers 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, dropping by -41.9% against the previous year. Overall, the import price recorded a perceptible downturn. The growth pace was the most rapid in 2020 when the average import price increased by 63% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2021, and then contracted sharply in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per unit), while the price for Germany ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+12.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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