South-Eastern Asia: Electric Sound Amplifier Market 2024

Electric Sound Amplifier Market Size in South-Eastern Asia

In 2022, the Southeast Asian electric sound amplifier market increased by 17% to $X, rising for the second year in a row after two years of decline. Overall, consumption, however, showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market remained at a somewhat lower figure.

Electric Sound Amplifier Production in South-Eastern Asia

In value terms, electric sound amplifier production stood at $X in 2022 estimated in export price. Over the period under review, production showed a pronounced decline. The pace of growth appeared the most rapid in 2017 when the production volume increased by 12% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Electric Sound Amplifier Exports

Exports in South-Eastern Asia

In 2022, exports of electric sound amplifier sets in South-Eastern Asia totaled X units, increasing by 6.9% on the year before. Overall, exports showed a strong increase. The pace of growth was the most pronounced in 2020 with an increase of 39% against the previous year. As a result, the exports attained the peak of X units. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, electric sound amplifier exports reduced to $X in 2022. Over the period under review, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 40% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Vietnam represented the key exporting country with an export of about X units, which recorded 60% of total exports. Malaysia (X units) held a 13% share (based on physical terms) of total exports, which put it in second place, followed by Thailand (11%), Singapore (9.1%) and Indonesia (6.4%).

From 2012 to 2022, average annual rates of growth with regard to electric sound amplifier exports from Vietnam stood at +16.6%. At the same time, Thailand (+31.2%) and Malaysia (+3.8%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of +31.2% from 2012-2022. By contrast, Indonesia (-1.2%) and Singapore (-7.2%) illustrated a downward trend over the same period. Vietnam (+34 p.p.) and Thailand (+9.3 p.p.) significantly strengthened its position in terms of the total exports, while Malaysia, Indonesia and Singapore saw its share reduced by -5.2%, -8.3% and -30% from 2012 to 2022, respectively.

In value terms, the largest electric sound amplifier supplying countries in South-Eastern Asia were Vietnam ($X), Thailand ($X) and Indonesia ($X), together comprising 74% of total exports.

In terms of the main exporting countries, Thailand, with a CAGR of +16.2%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in South-Eastern Asia stood at $X per unit in 2022, declining by -11.6% against the previous year. Over the period under review, the export price continues to indicate a deep contraction. The pace of growth was the most pronounced in 2021 an increase of 56%. Over the period under review, the export prices hit record highs at $X per unit in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Indonesia ($X per unit), while Vietnam ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (-0.5%), while the other leaders experienced a decline in the export price figures.

Electric Sound Amplifier Imports

Imports in South-Eastern Asia

In 2022, the amount of electric sound amplifier sets imported in South-Eastern Asia rose rapidly to X units, surging by 14% compared with 2021 figures. In general, imports continue to indicate a remarkable increase. The growth pace was the most rapid in 2019 with an increase of 60% against the previous year. As a result, imports reached the peak of X units. From 2020 to 2022, the growth of imports failed to regain momentum.

In value terms, electric sound amplifier imports fell to $X in 2022. Total imports indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +5.1% 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 +67.9% against 2016 indices. The pace of growth was the most pronounced in 2019 with an increase of 26% against the previous year. The level of import peaked at $X in 2021, and then shrank in the following year.

Imports by Country

Singapore was the key importer of electric sound amplifier sets in South-Eastern Asia, with the volume of imports accounting for X units, which was approx. 43% of total imports in 2022. Thailand (X units) took a 16% share (based on physical terms) of total imports, which put it in second place, followed by Malaysia (12%), the Philippines (10%), Indonesia (9.2%) and Vietnam (6.7%). Myanmar (X units) held a minor share of total imports.

From 2012 to 2022, average annual rates of growth with regard to electric sound amplifier imports into Singapore stood at +18.2%. At the same time, Indonesia (+45.0%), Vietnam (+34.6%), Myanmar (+20.7%), Malaysia (+10.7%) and the Philippines (+9.2%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of +45.0% from 2012-2022. By contrast, Thailand (-6.0%) illustrated a downward trend over the same period. Singapore (+26 p.p.), Indonesia (+8.7 p.p.), Vietnam (+6 p.p.) and Malaysia (+2.9 p.p.) significantly strengthened its position in terms of the total imports, while Thailand saw its share reduced by -46.4% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest electric sound amplifier importing markets in South-Eastern Asia were Indonesia ($X), Thailand ($X) and Vietnam ($X), together comprising 67% of total imports.

Indonesia, with a CAGR of +42.2%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in South-Eastern Asia stood at $X per unit in 2022, with a decrease of -18.7% against the previous year. Over the period under review, the import price saw a noticeable decrease. The pace of growth appeared the most rapid in 2020 an increase of 54% against the previous year. As a result, import price reached the peak level of $X per unit. From 2021 to 2022, the import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Indonesia ($X per unit), while Myanmar ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+5.1%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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