Middle East: Electric Sound Amplifier Market 2024

Electric Sound Amplifier Market Size in the Middle East

The Middle Eastern electric sound amplifier market fell to $X in 2022, waning by -4.3% against the previous year. In general, consumption, however, continues to indicate a pronounced shrinkage. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Electric Sound Amplifier Production in the Middle East

In value terms, electric sound amplifier production declined to $X in 2022 estimated in export price. In general, production saw a deep slump. The growth pace was the most rapid in 2017 when the production volume increased by 53%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Electric Sound Amplifier Exports

Exports in the Middle East

In 2022, shipments abroad of electric sound amplifier sets increased by 8.3% to X units, rising for the third consecutive year after two years of decline. Over the period under review, exports, however, showed a abrupt downturn. The growth pace was the most rapid in 2015 with an increase of 89% against the previous year. As a result, the exports attained the peak of X units. From 2016 to 2022, the growth of the exports failed to regain momentum.

In value terms, electric sound amplifier exports reached $X in 2022. Overall, exports, however, saw a mild shrinkage. The pace of growth was the most pronounced in 2015 with an increase of 125% against the previous year. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, the United Arab Emirates (X units) was the largest exporter of electric sound amplifier sets, constituting 55% of total exports. Israel (X units) took a 15% share (based on physical terms) of total exports, which put it in second place, followed by Turkey (14%), Oman (5%), Iran (5%) and Saudi Arabia (4.5%).

Exports from the United Arab Emirates decreased at an average annual rate of -2.2% from 2012 to 2022. At the same time, Saudi Arabia (+30.5%), Oman (+23.8%), Israel (+22.0%) and Turkey (+8.3%) displayed positive paces of growth. Moreover, Saudi Arabia emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of +30.5% from 2012-2022. Iran experienced a relatively flat trend pattern. From 2012 to 2022, the share of Israel, the United Arab Emirates, Turkey, Oman, Saudi Arabia and Iran increased by +14, +14, +10, +4.7, +4.3 and +2.1 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) remains the largest electric sound amplifier supplier in the Middle East, comprising 54% of total exports. The second position in the ranking was held by Turkey ($X), with a 17% share of total exports. It was followed by Iran, with a 12% share.

From 2012 to 2022, the average annual growth rate of value in the United Arab Emirates amounted to +2.8%. In the other countries, the average annual rates were as follows: Turkey (+10.6% per year) and Iran (-6.1% per year).

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per unit, dropping by -4.9% against the previous year. Export price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +4.2% 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 decreased by -38.1% against 2017 indices. The most prominent rate of growth was recorded in 2013 an increase of 67%. Over the period under review, the export prices hit record highs at $X per unit in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Iran ($X per unit), while Israel ($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 United Arab Emirates (+5.1%), while the other leaders experienced more modest paces of growth.

Electric Sound Amplifier Imports

Imports in the Middle East

In 2022, overseas purchases of electric sound amplifier sets were finally on the rise to reach X units for the first time since 2017, thus ending a four-year declining trend. Overall, imports, however, saw a noticeable downturn. The growth pace was the most rapid in 2017 with an increase of 31%. As a result, imports reached the peak of X units. From 2018 to 2022, the growth of imports failed to regain momentum.

In value terms, electric sound amplifier imports declined slightly to $X in 2022. In general, imports, however, saw a slight contraction. The growth pace was the most rapid in 2013 when imports increased by 13% against the previous year. Over the period under review, imports hit record highs at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

The United Arab Emirates was the major importer of electric sound amplifier sets in the Middle East, with the volume of imports amounting to X units, which was near 41% of total imports in 2022. Iraq (X units) ranks second in terms of the total imports with a 26% share, followed by Israel (8.2%), Qatar (7.5%), Turkey (5.9%) and Kuwait (4.6%). Iran (X units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Iraq (with a CAGR of +34.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported electric sound amplifier sets in the Middle East, comprising 42% of total imports. The second position in the ranking was held by Iraq ($X), with an 18% share of total imports. It was followed by Israel, with a 13% share.

In the United Arab Emirates, electric sound amplifier imports increased at an average annual rate of +3.7% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Iraq (+21.6% per year) and Israel (-5.5% per year).

Import Prices by Country

The import price in the Middle East stood at $X per unit in 2022, shrinking by -11.5% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 41% against the previous year. Over the period under review, import prices reached the peak figure at $X per unit in 2021, and then fell in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Iran ($X per unit), while Kuwait ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Israel (+17.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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