Azerbaijan: Electric Sound Amplifier Market 2025

Electric Sound Amplifier Market Size in Azerbaijan

The Azerbaijani electric sound amplifier market surged to $X in 2022, with an increase of 77% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption showed prominent growth. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Electric Sound Amplifier Exports

Exports from Azerbaijan

In 2022, approx. X units of electric sound amplifier sets were exported from Azerbaijan; which is down by -28.6% against the year before. In general, exports, however, saw a moderate increase. The most prominent rate of growth was recorded in 2016 when exports increased by 1,600% against the previous year. As a result, the exports reached the peak of X units. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, electric sound amplifier exports dropped markedly to $X in 2022. Overall, exports, however, continue to indicate prominent growth. The most prominent rate of growth was recorded in 2019 when exports increased by 28,060%. As a result, the exports attained the peak of $X. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Turkey (X units), Saudi Arabia (X units) and Kazakhstan (X units) were the main destinations of electric sound amplifier exports from Azerbaijan, with a combined 80% share of total exports. Moreover, electric sound amplifier exports in Turkey exceeded the figures recorded by the second-largest exporter, Saudi Arabia, twofold.

From 2013 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Turkey (with a CAGR of +100.0%), while the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), the United Arab Emirates ($X) and Saudi Arabia ($X) constituted the largest markets for electric sound amplifier exported from Azerbaijan worldwide, together comprising 92% of total exports.

Turkey, with a CAGR of +45.5%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average electric sound amplifier export price stood at $X per unit in 2022, falling by -16.1% against the previous year. Overall, the export price, however, saw a resilient increase. The growth pace was the most rapid in 2015 when the average export price increased by 3,793%. As a result, the export price reached the peak level of $X per unit. From 2016 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per unit), while the average price for exports to Kazakhstan ($X per unit) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Norway (+117.8%), while the prices for the other major destinations experienced a decline.

Electric Sound Amplifier Imports

Imports into Azerbaijan

In 2022, approx. X units of electric sound amplifier sets were imported into Azerbaijan; picking up by 65% compared with the previous year's figure. In general, imports recorded prominent growth. The pace of growth appeared the most rapid in 2015 with an increase of 220%. Over the period under review, imports hit record highs at X units in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, electric sound amplifier imports surged to $X in 2022. Over the period under review, imports saw a moderate expansion. Imports peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) was the main supplier of electric sound amplifier to Azerbaijan, with a 95% share of total imports. It was followed by Mexico (X units), with a 1.6% share of total imports. The third position in this ranking was held by Germany (X units), with a 0.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +15.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+75.4% per year) and Germany (-9.4% per year).

In value terms, the largest electric sound amplifier suppliers to Azerbaijan were China ($X), Mexico ($X) and Germany ($X), together comprising 75% of total imports.

In terms of the main suppliers, Mexico, with a CAGR of +74.0%, saw 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

The average electric sound amplifier import price stood at $X per unit in 2022, rising by 56% against the previous year. Overall, the import price, however, saw a deep downturn. The pace of growth was the most pronounced in 2013 an increase of 214%. As a result, import price attained the peak level of $X per unit. From 2014 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Mexico ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+15.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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