Australia and Oceania: Electric Sound Amplifier Market 2024

Electric Sound Amplifier Market Size in Australia and Oceania

The electric sound amplifier market in Australia and Oceania dropped to $X in 2022, reducing by -14.2% against the previous year. The total consumption indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +59.4% against 2016 indices. As a result, consumption reached the peak level of $X, and then reduced in the following year.

Electric Sound Amplifier Production in Australia and Oceania

In value terms, electric sound amplifier production rose to $X in 2022 estimated in export price. Overall, production showed a significant expansion. The pace of growth was the most pronounced in 2015 when the production volume increased by 368,200% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2022, production growth failed to regain momentum.

Electric Sound Amplifier Exports

Exports in Australia and Oceania

In 2022, overseas shipments of electric sound amplifier sets increased by 47% to X units, rising for the second consecutive year after three years of decline. In general, exports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by 112% against the previous year. Over the period under review, the exports hit record highs at X units in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, electric sound amplifier exports expanded notably to $X in 2022. Total exports indicated a noticeable increase from 2012 to 2022: its value increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +108.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 84%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

Exports by Country

Australia dominates exports structure, recording X units, which was approx. 93% of total exports in 2022. It was distantly followed by New Zealand (X units), creating a 6% share of total exports.

Australia experienced a relatively flat trend pattern with regard to volume of exports of electric sound amplifier sets. New Zealand (-2.4%) illustrated a downward trend over the same period. Australia (+1.8 p.p.) significantly strengthened its position in terms of the total exports, while New Zealand saw its share reduced by -1.9% from 2012 to 2022, respectively.

In value terms, Australia ($X) remains the largest electric sound amplifier supplier in Australia and Oceania, comprising 88% of total exports. The second position in the ranking was taken by New Zealand ($X), with an 11% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Australia amounted to +4.2%.

Export Prices by Country

The export price in Australia and Oceania stood at $X per unit in 2022, shrinking by -23% against the previous year. Over the period under review, the export price, however, recorded a moderate increase. The pace of growth was the most pronounced in 2019 when the export price increased by 104%. As a result, the export price reached the peak level of $X per unit. From 2020 to 2022, the export prices failed to regain momentum.

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 New Zealand ($X per unit), while Australia totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (+6.6%).

Electric Sound Amplifier Imports

Imports in Australia and Oceania

Electric sound amplifier imports declined markedly to X units in 2022, falling by -22.7% compared with the previous year's figure. Total imports indicated notable growth from 2012 to 2022: its volume increased at an average annual rate of +2.2% 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 +41.0% against 2016 indices. The growth pace was the most rapid in 2021 when imports increased by 62%. As a result, imports reached the peak of X units, and then declined notably in the following year.

In value terms, electric sound amplifier imports stood at $X in 2022. Total imports indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of +3.4% 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 +60.8% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 60% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Australia (X units) represented the largest importer of electric sound amplifier sets, comprising 73% of total imports. It was distantly followed by New Zealand (X units), committing a 19% share of total imports. French Polynesia (X units) and Fiji (X units) followed a long way behind the leaders.

Australia experienced a relatively flat trend pattern with regard to volume of imports of electric sound amplifier sets. At the same time, New Zealand (+14.3%) and French Polynesia (+3.0%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +14.3% from 2012-2022. By contrast, Fiji (-2.8%) illustrated a downward trend over the same period. New Zealand (+13 p.p.) significantly strengthened its position in terms of the total imports, while Australia saw its share reduced by -9.2% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported electric sound amplifier sets in Australia and Oceania, comprising 85% of total imports. The second position in the ranking was held by New Zealand ($X), with a 9.4% share of total imports. It was followed by French Polynesia, with a 1.7% share.

In Australia, electric sound amplifier imports expanded at an average annual rate of +3.2% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: New Zealand (+13.6% per year) and French Polynesia (-3.1% per year).

Import Prices by Country

The import price in Australia and Oceania stood at $X per unit in 2022, increasing by 30% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.2%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 Australia ($X per unit), while New Zealand ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+2.2%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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