Global Electric Sound Amplifier Market 2024

Electric Sound Amplifier Market Size

In 2022, the global electric sound amplifier market increased by 4.4% to $X, rising for the second consecutive year after two years of decline. In general, 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 global market remained at a lower figure.

Electric Sound Amplifier Production

In value terms, electric sound amplifier production contracted modestly to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a slight decrease. The growth pace was the most rapid in 2018 with an increase of 11% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, global production growth failed to regain momentum.

Electric Sound Amplifier Exports

Exports

In 2022, overseas shipments of electric sound amplifier sets decreased by -16.6% to X units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, total exports indicated resilient growth from 2012 to 2022: its volume increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 when exports increased by 16%. Over the period under review, the global exports reached the maximum at X units in 2021, and then shrank rapidly in the following year.

In value terms, electric sound amplifier exports dropped to $X in 2022. The total export value increased at an average annual rate of +2.8% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 14%. As a result, the exports attained the peak of $X, and then dropped in the following year.

Exports by Country

In 2022, China (X units) represented the main exporter of electric sound amplifier sets, mixing up 45% of total exports. Vietnam (X units) held a 9.8% share (based on physical terms) of total exports, which put it in second place, followed by Poland (7.1%), the Netherlands (4.8%) and Japan (4.6%). The UK (X units), Italy (X units), Malaysia (X units), Hong Kong SAR (X units), Thailand (X units), the United States (X units) and Belgium (X units) followed a long way behind the leaders.

Exports from China increased at an average annual rate of +7.3% from 2012 to 2022. At the same time, Poland (+32.0%), Thailand (+31.2%), Japan (+25.1%), Vietnam (+16.6%), the Netherlands (+13.0%), Italy (+4.1%), Malaysia (+3.8%), Belgium (+3.5%) and the UK (+3.4%) displayed positive paces of growth. Moreover, Poland emerged as the fastest-growing exporter exported in the world, with a CAGR of +32.0% from 2012-2022. By contrast, the United States (-4.7%) and Hong Kong SAR (-11.0%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China, Poland, Vietnam, Japan, the Netherlands and Thailand increased by +7.4, +6.4, +6.2, +3.8, +2.4 and +1.5 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest electric sound amplifier supplier worldwide, comprising 23% of global exports. The second position in the ranking was taken by the United States ($X), with a 9.1% share of global exports. It was followed by Italy, with a 7.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China stood at +4.8%. The remaining exporting countries recorded the following average annual rates of exports growth: the United States (-2.8% per year) and Italy (+9.1% per year).

Export Prices by Country

In 2022, the average electric sound amplifier export price amounted to $X per unit, growing by 9.5% against the previous year. Overall, the export price, however, recorded a noticeable setback. The global export price peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United States ($X per unit), while Vietnam ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+4.8%), while the other global leaders experienced more modest paces of growth.

Electric Sound Amplifier Imports

Imports

In 2022, supplies from abroad of electric sound amplifier sets increased by 15% to X units, rising for the second year in a row after two years of decline. The total import volume increased at an average annual rate of +3.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 17%. Global imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, electric sound amplifier imports expanded remarkably 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 remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 14% against the previous year. Global imports peaked in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

In 2022, the UK (X units), followed by Spain (X units), Singapore (X units), India (X units), the United States (X units), Japan (X units) and Germany (X units) were the largest importers of electric sound amplifier sets, together generating 49% of total imports. Belgium (X units), the Netherlands (X units), Sweden (X units), France (X units), Thailand (X units) and Italy (X units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of +19.9%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($X), Japan ($X) and Germany ($X) appeared to be the countries with the highest levels of imports in 2022, together accounting for 24% of global imports. France, the UK, the Netherlands, Italy, India, Belgium, Thailand, Spain, Sweden and Singapore lagged somewhat behind, together accounting for a further 29%.

Among the main importing countries, India, with a CAGR of +12.6%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global 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, waning by -7.5% against the previous year. In general, the import price showed a slight setback. The most prominent rate of growth was recorded in 2020 when the average import price increased by 6.9% against the previous year. Over the period under review, average import prices reached the peak figure at $X per unit in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was France ($X per unit), while Singapore ($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 States (+6.4%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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