Asia-Pacific: Electric Sound Amplifier Market 2024

Electric Sound Amplifier Market Size in Asia-Pacific

In 2022, the Asia-Pacific electric sound amplifier market increased by 15% to $X, rising for the second year in a row after two years of decline. Overall, consumption, however, showed a mild descent. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market remained at a lower figure.

Electric Sound Amplifier Production in Asia-Pacific

In value terms, electric sound amplifier production reached $X in 2022 estimated in export price. In general, production saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 5.8% 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 Asia-Pacific

After three years of growth, overseas shipments of electric sound amplifier sets decreased by -21.3% to X units in 2022. Total exports indicated a resilient expansion 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 with an increase of 19% against the previous year. The volume of export peaked at X units in 2021, and then declined markedly in the following year.

In value terms, electric sound amplifier exports reduced rapidly to $X in 2022. The total export value increased at an average annual rate of +3.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 23%. Over the period under review, the exports reached the maximum at $X in 2021, and then shrank sharply in the following year.

Exports by Country

China was the key exporter of electric sound amplifier sets in Asia-Pacific, with the volume of exports amounting to X units, which was near 65% of total exports in 2022. Vietnam (X units) took a 14% share (based on physical terms) of total exports, which put it in second place, followed by Japan (6.7%). Malaysia (X units), Hong Kong SAR (X units), Thailand (X units) and Singapore (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to electric sound amplifier exports from China stood at +7.3%. At the same time, Thailand (+31.2%), Japan (+25.1%), Vietnam (+16.6%) and Malaysia (+3.8%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +31.2% from 2012-2022. By contrast, Singapore (-7.2%) and Hong Kong SAR (-11.0%) illustrated a downward trend over the same period. China (+10 p.p.), Vietnam (+8.9 p.p.), Japan (+5.5 p.p.) and Thailand (+2.2 p.p.) significantly strengthened its position in terms of the total exports, while Singapore and Hong Kong SAR saw its share reduced by -5.4% and -12.8% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest electric sound amplifier supplier in Asia-Pacific, comprising 55% of total exports. The second position in the ranking was held by Japan ($X), with a 16% share of total exports. It was followed by Vietnam, with a 5.3% share.

In China, electric sound amplifier exports increased at an average annual rate of +4.8% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Japan (+16.4% per year) and Vietnam (+11.1% per year).

Export Prices by Country

In 2022, the export price in Asia-Pacific amounted to $X per unit, rising by 7.3% against the previous year. Overall, the export price, however, showed a pronounced contraction. The most prominent rate of growth was recorded in 2013 when the export price increased by 13%. As a result, the export price attained the peak level of $X per unit. 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 Japan ($X per unit), while Vietnam ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+1.0%), while the other leaders experienced a decline in the export price figures.

Electric Sound Amplifier Imports

Imports in Asia-Pacific

In 2022, approx. X units of electric sound amplifier sets were imported in Asia-Pacific; picking up by 28% compared with 2021 figures. Total imports indicated pronounced growth from 2012 to 2022: its volume 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, imports increased by +59.7% against 2020 indices. The pace of growth was the most pronounced in 2019 when imports increased by 29% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the near future.

In value terms, electric sound amplifier imports soared to $X in 2022. Over the period under review, imports continue to indicate a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Singapore (X units), India (X units) and Japan (X units) represented the key importer of electric sound amplifier sets in Asia-Pacific, achieving 59% of total import. It was distantly followed by Thailand (X units), Malaysia (X units), the Philippines (X units) and Indonesia (X units), together generating a 26% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Indonesia (with a CAGR of +45.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) constitutes the largest market for imported electric sound amplifier sets in Asia-Pacific, comprising 27% of total imports. The second position in the ranking was taken by Indonesia ($X), with a 12% share of total imports. It was followed by India, with a 10% share.

From 2012 to 2022, the average annual growth rate of value in Japan totaled -2.8%. The remaining importing countries recorded the following average annual rates of imports growth: Indonesia (+42.2% per year) and India (+12.6% per year).

Import Prices by Country

The import price in Asia-Pacific stood at $X per unit in 2022, reducing by -8.9% against the previous year. In general, the import price showed a noticeable contraction. The most prominent rate of growth was recorded in 2020 when the import price increased by 33% against the previous year. Over the period under review, import prices attained the maximum at $X per unit in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Indonesia ($X per unit), while Singapore ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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