Austria: Electric Sound Amplifier Market 2024

Electric Sound Amplifier Market Size in Austria

In 2022, the Austrian electric sound amplifier market decreased by -5.4% to $X, falling for the second consecutive year after two years of growth. Over the period under review, consumption, however, saw a relatively flat trend pattern. Electric sound amplifier consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Electric Sound Amplifier Exports

Exports from Austria

Electric sound amplifier exports from Austria skyrocketed to X units in 2022, increasing by 55% on the year before. In general, exports showed a resilient expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 90% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, electric sound amplifier exports rose notably to $X in 2022. Over the period under review, exports enjoyed a buoyant expansion. The pace of growth was the most pronounced in 2020 with an increase of 64%. Over the period under review, the exports attained the peak figure in 2022 and are likely to see steady growth in years to come.

Exports by Country

Germany (X units) was the main destination for electric sound amplifier exports from Austria, accounting for a 85% share of total exports. Moreover, electric sound amplifier exports to Germany exceeded the volume sent to the second major destination, the United States (X units), more than tenfold. Poland (X units) ranked third in terms of total exports with a 2.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany stood at +13.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+3.0% per year) and Poland (+12.7% per year).

In value terms, Germany ($X) remains the key foreign market for electric sound amplifier sets exports from Austria, comprising 74% of total exports. The second position in the ranking was held by Switzerland ($X), with a 4.2% share of total exports. It was followed by Poland, with a 3.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany totaled +14.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (+4.8% per year) and Poland (+24.9% per year).

Export Prices by Country

The average electric sound amplifier export price stood at $X per unit in 2022, which is down by -25.8% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 an increase of 34% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2021 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Switzerland ($X per unit), while the average price for exports to the United States ($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 Switzerland (+24.9%), while the prices for the other major destinations experienced more modest paces of growth.

Electric Sound Amplifier Imports

Imports into Austria

In 2022, supplies from abroad of electric sound amplifier sets decreased by -9% to X units, falling for the second year in a row after two years of growth. In general, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by 35%. Over the period under review, imports hit record highs at X units in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, electric sound amplifier imports expanded rapidly to $X in 2022. Over the period under review, total imports indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -3.0% against 2020 indices. The most prominent rate of growth was recorded in 2017 when imports increased by 39% against the previous year. Imports peaked at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

Poland (X units), Germany (X units) and the Netherlands (X units) were the main suppliers of electric sound amplifier imports to Austria, together comprising 81% of total imports.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +53.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest electric sound amplifier suppliers to Austria were Germany ($X), Taiwan (Chinese) ($X) and the Netherlands ($X), together accounting for 61% of total imports.

The Netherlands, with a CAGR of +56.6%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other 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, surging by 18% against the previous year. Over the last decade, it increased at an average annual rate of +3.6%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 Taiwan (Chinese) ($X per unit), while the price for Poland ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+16.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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