Switzerland: Electric Sound Amplifier Market 2024

Electric Sound Amplifier Market Size in Switzerland

In 2022, the Swiss electric sound amplifier market increased by 21% to $X, rising for the third consecutive year after two years of decline. Over the period under review, consumption enjoyed a buoyant increase. Electric sound amplifier consumption peaked at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Electric Sound Amplifier Production in Switzerland

In value terms, electric sound amplifier production shrank to $X in 2022 estimated in export price. Over the period under review, production recorded significant growth. The growth pace was the most rapid in 2015 when the production volume increased by 234%. As a result, production reached the peak level of $X. From 2016 to 2022, production growth remained at a somewhat lower figure.

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Electric Sound Amplifier Exports

Exports from Switzerland

In 2022, overseas shipments of electric sound amplifier sets decreased by -4.9% to X units, falling for the third year in a row after two years of growth. Overall, exports, however, posted buoyant growth. The most prominent rate of growth was recorded in 2019 when exports increased by 108% against the previous year. As a result, the exports attained the peak of X units. From 2020 to 2022, the growth of the exports remained at a lower figure.

In value terms, electric sound amplifier exports fell to $X in 2022. In general, exports, however, continue to indicate strong growth. The most prominent rate of growth was recorded in 2019 when exports increased by 65%. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

The United States (X units) was the main destination for electric sound amplifier exports from Switzerland, accounting for a 49% share of total exports. Moreover, electric sound amplifier exports to the United States exceeded the volume sent to the second major destination, Germany (X units), fourfold. The third position in this ranking was taken by the Netherlands (X units), with an 11% share.

From 2012 to 2022, the average annual growth rate of volume to the United States totaled +24.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+3.6% per year) and the Netherlands (+20.9% per year).

In value terms, the United States ($X), China ($X) and Germany ($X) were the largest markets for electric sound amplifier exported from Switzerland worldwide, together accounting for 34% of total exports. The Netherlands, France, Belgium, the UK, Japan, Italy and Denmark lagged somewhat behind, together accounting for a further 21%.

The Netherlands, with a CAGR of +22.9%, saw 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, waning by -4.3% against the previous year. Overall, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average export price increased by 41% against the previous year. The export price peaked at $X per unit in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per unit), while the average price for exports to the United States ($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 China (+26.6%), while the prices for the other major destinations experienced more modest paces of growth.

Electric Sound Amplifier Imports

Imports into Switzerland

In 2022, supplies from abroad of electric sound amplifier sets was finally on the rise to reach X units for the first time since 2018, thus ending a three-year declining trend. Overall, imports continue to indicate a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, electric sound amplifier imports soared to $X in 2022. The total import value increased at an average annual rate of +2.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 20%. Over the period under review, imports attained the maximum in 2022 and are likely to see gradual growth in the near future.

Imports by Country

In 2022, China (X units) constituted the largest electric sound amplifier supplier to Switzerland, with a 55% share of total imports. Moreover, electric sound amplifier imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), threefold. Taiwan (Chinese) (X units) ranked third in terms of total imports with an 8.1% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +5.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-4.2% per year) and Taiwan (Chinese) (+13.2% per year).

In value terms, China ($X), Germany ($X) and Italy ($X) constituted the largest electric sound amplifier suppliers to Switzerland, with a combined 65% share of total imports. France, the United States, Taiwan (Chinese), the UK and the Philippines lagged somewhat behind, together accounting for a further 22%.

In terms of the main suppliers, Taiwan (Chinese), with a CAGR of +13.5%, recorded the highest growth rate of 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

In 2022, the average electric sound amplifier import price amounted to $X per unit, waning by -28.3% against the previous year. In general, import price indicated a modest increase 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 import price increased by +43.8% against 2018 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 44% against the previous year. As a result, import price attained the peak level of $X per unit, and then declined markedly in the following year.

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 France ($X per unit), while the price for the Philippines ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+5.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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