Portugal: Electric Sound Amplifier Market 2024

Electric Sound Amplifier Market Size in Portugal

In 2022, the Portuguese electric sound amplifier market was finally on the rise to reach $X after two years of decline. Over the period under review, consumption recorded a tangible expansion. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Electric Sound Amplifier Production in Portugal

In value terms, electric sound amplifier production reduced sharply to $X in 2022 estimated in export price. In general, production faced a abrupt slump. The pace of growth was the most pronounced in 2021 when the production volume increased by 1.6%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Electric Sound Amplifier Exports

Exports from Portugal

In 2022, overseas shipments of electric sound amplifier sets increased by 9.5% to X units, rising for the second year in a row after two years of decline. In general, exports, however, showed a perceptible descent. The most prominent rate of growth was recorded in 2021 when exports increased by 269%. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, electric sound amplifier exports soared to $X in 2022. Over the period under review, exports enjoyed a pronounced expansion. The growth pace was the most rapid in 2021 when exports increased by 305%. Over the period under review, the exports reached the peak figure at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Angola (X units), Australia (X units) and Spain (X units) were the main destinations of electric sound amplifier exports from Portugal, together accounting for 51% of total exports. Germany, Brazil, the United States, Mozambique, Israel, Belgium, Cote d'Ivoire, Taiwan (Chinese) and France lagged somewhat behind, together comprising a further 37%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Israel (with a CAGR of +623.0%), while the other leaders experienced more modest paces of growth.

In value terms, Angola ($X), Australia ($X) and the United States ($X) were the largest markets for electric sound amplifier exported from Portugal worldwide, with a combined 56% share of total exports. Spain, Brazil, Israel, Germany, Belgium, Cote d'Ivoire, Mozambique, Taiwan (Chinese) and France lagged somewhat behind, together accounting for a further 32%.

Israel, with a CAGR of +865.0%, recorded the highest growth rate of the value of exports, among 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, picking up by 14% against the previous year. Over the period under review, the export price saw a strong expansion. The growth pace was the most rapid in 2013 an increase of 72% against the previous year. The export price peaked at $X per unit in 2018; however, from 2019 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 the United States ($X per unit), while the average price for exports to Mozambique ($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 Israel (+33.5%), while the prices for the other major destinations experienced more modest paces of growth.

Electric Sound Amplifier Imports

Imports into Portugal

In 2022, imports of electric sound amplifier sets into Portugal skyrocketed to X units, growing by 19% on 2021 figures. In general, total imports indicated a modest expansion from 2012 to 2022: its volume increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +39.1% against 2020 indices. The most prominent rate of growth was recorded in 2015 with an increase of 100% against the previous year. Imports peaked at X units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, electric sound amplifier imports soared to $X in 2022. Over the period under review, imports enjoyed a moderate increase. The growth pace was the most rapid in 2015 with an increase of 118%. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

The Netherlands (X units), Spain (X units) and France (X units) were the main suppliers of electric sound amplifier imports to Portugal, with a combined 70% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (with a CAGR of +23.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X) constituted the largest supplier of electric sound amplifier sets to Portugal, comprising 41% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 9.6% share of total imports. It was followed by Belgium, with an 8.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Spain stood at +7.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+9.4% per year) and Belgium (+12.5% per year).

Import Prices by Country

The average electric sound amplifier import price stood at $X per unit in 2022, increasing by 15% against the previous year. Overall, import price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of +3.0% 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 import price decreased by -7.2% against 2020 indices. The growth pace was the most rapid in 2019 an increase of 19% against the previous year. The import price peaked at $X per unit in 2020; however, from 2021 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 Belgium ($X per unit), while the price for France ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+17.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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