ASEAN: Electric Sound Amplifier Market 2025

Electric Sound Amplifier Market Size in ASEAN

In 2022, the ASEAN electric sound amplifier market increased by 17% to $X, rising for the second consecutive year after two years of decline. In general, consumption, however, recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market remained at a lower figure.

Electric Sound Amplifier Production in ASEAN

In value terms, electric sound amplifier production stood at $X in 2022 estimated in export price. Overall, production showed a pronounced decrease. The pace of growth appeared the most rapid in 2017 with an increase of 12% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Electric Sound Amplifier Exports

Exports in ASEAN

In 2022, approx. X units of electric sound amplifier sets were exported in ASEAN; surging by 6.9% against the previous year. Over the period under review, exports enjoyed prominent growth. The pace of growth appeared the most rapid in 2020 when exports increased by 39%. As a result, the exports attained the peak of X units. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, electric sound amplifier exports declined to $X in 2022. Overall, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when exports increased by 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 major exporter of electric sound amplifier sets in ASEAN, with the volume of exports accounting for X units, which was approx. 60% of total exports in 2022. Malaysia (X units) ranks second in terms of the total exports with a 13% share, 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 ASEAN, 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. While the share of Vietnam (+34 p.p.) and Thailand (+9.3 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Malaysia (-5.2 p.p.), Indonesia (-8.3 p.p.) and Singapore (-30 p.p.) displayed negative dynamics.

In value terms, the largest electric sound amplifier supplying countries in ASEAN were Vietnam ($X), Thailand ($X) and Indonesia ($X), together accounting for 74% of total exports.

Thailand, with a CAGR of +16.2%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries 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 ASEAN stood at $X per unit in 2022, dropping by -11.6% against the previous year. Over the period under review, the export price recorded a abrupt decrease. The pace of growth was the most pronounced in 2021 when the export price increased by 56% against the previous year. The level of export peaked at $X per unit in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: 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 ASEAN

In 2022, approx. X units of electric sound amplifier sets were imported in ASEAN; with an increase of 14% on 2021 figures. Over the period under review, imports showed a strong expansion. The pace of growth appeared the most rapid in 2019 when imports increased by 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 dropped to $X in 2022. Total imports indicated buoyant 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 +67.8% against 2016 indices. The most prominent rate of growth was recorded in 2019 when imports increased by 26% against the previous year. The level of import peaked at $X in 2021, and then fell in the following year.

Imports by Country

Singapore was the largest importer of electric sound amplifier sets in ASEAN, with the volume of imports reaching X units, which was approx. 43% of total imports in 2022. Thailand (X units) took the second position in the ranking, followed by Malaysia (X units), the Philippines (X units), Indonesia (X units) and Vietnam (X units). All these countries together took approx. 54% share of total imports. Myanmar (X units) followed a long way behind the leaders.

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 ASEAN, with a CAGR of +45.0% from 2012-2022. By contrast, Thailand (-6.0%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Singapore, Indonesia, Vietnam and Malaysia increased by +26, +8.7, +6 and +2.9 percentage points, 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 ASEAN were Indonesia ($X), Thailand ($X) and Vietnam ($X), with a combined 67% share of total imports.

In terms of the main importing countries, Indonesia, with a CAGR of +42.2%, recorded the highest rates of growth with regard to 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 import price in ASEAN amounted to $X per unit, reducing by -18.7% against the previous year. Over the period under review, the import price continues to indicate a pronounced contraction. The pace of growth was the most pronounced in 2020 when the import price increased by 54%. As a result, import price reached the peak level of $X per unit. From 2021 to 2022, the import prices failed to regain momentum.

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