Report Update Nov 1, 2024

Cuba - Electric Sound Amplifier Sets - Market Analysis, Forecast, Size, Trends and Insights

Single report

Sent by email within 24h (Mon-Fri)

$599 Basic Edition

$2095 Professional Edition

What's the difference?

Subscription

Online access and download

from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing

Cuba: Electric Sound Amplifier Market 2024

Electric Sound Amplifier Market Size in Cuba

In 2021, after two years of growth, there was significant decline in the Cuban electric sound amplifier market, when its value decreased by -77.9% to $X. Overall, consumption recorded a perceptible descent. Over the period under review, the market reached the peak level at $X in 2016; however, from 2017 to 2021, consumption failed to regain momentum.

Electric Sound Amplifier Exports

Exports from Cuba

In 2021, exports of electric sound amplifier sets from Cuba shrank remarkably to X units, which is down by -16% compared with the previous year's figure. Over the period under review, exports continue to indicate a abrupt decline. The pace of growth was the most pronounced in 2014 when exports increased by 690% against the previous year. As a result, the exports reached the peak of X units. From 2015 to 2021, the growth of the exports failed to regain momentum.

In value terms, electric sound amplifier exports shrank sharply to $X in 2021. Overall, exports faced a abrupt descent. The growth pace was the most rapid in 2014 with an increase of 1,116%. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Panama (X units) was the main destination for electric sound amplifier exports from Cuba, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Panama amounted to -2.8%.

In value terms, Panama ($X) remains the key foreign market for electric sound amplifier exports from Cuba, comprising 100% of total exports. The second position in the ranking was taken by Costa Rica ($X), with a 0.1% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Panama totaled -9.0%.

Export Prices by Country

The average electric sound amplifier export price stood at $X per unit in 2021, with a decrease of -18.8% against the previous year. Over the period under review, the export price recorded a pronounced contraction. The most prominent rate of growth was recorded in 2014 when the average export price increased by 54% against the previous year. Over the period under review, the average export prices attained the maximum at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Panama ($X per unit), while the average price for exports to Costa Rica stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Panama (-6.3%).

Electric Sound Amplifier Imports

Imports into Cuba

In 2021, after two years of growth, there was significant decline in purchases abroad of electric sound amplifier sets, when their volume decreased by -79.2% to X units. Overall, imports continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2019 with an increase of 324%. Imports peaked at X units in 2016; however, from 2017 to 2021, imports failed to regain momentum.

In value terms, electric sound amplifier imports declined notably to $X in 2021. In general, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 with an increase of 271% against the previous year. As a result, imports attained the peak of $X. From 2016 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, Panama (X units) constituted the largest electric sound amplifier supplier to Cuba, accounting for a 68% share of total imports. Moreover, electric sound amplifier imports from Panama exceeded the figures recorded by the second-largest supplier, Spain (X units), twofold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Panama stood at -8.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+41.0% per year) and Japan (-10.8% per year).

In value terms, Panama ($X), Spain ($X) and Japan ($X) appeared to be the largest electric sound amplifier suppliers to Cuba, together accounting for 91% of total imports.

Among the main suppliers, Spain, with a CAGR of +32.9%, 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 a decline.

Import Prices by Country

The average electric sound amplifier import price stood at $X per unit in 2021, growing by 45% against the previous year. Overall, import price indicated a prominent increase from 2012 to 2021: its price increased at an average annual rate of +5.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, electric sound amplifier import price increased by +154.4% against 2019 indices. The pace of growth appeared the most rapid in 2020 when the average import price increased by 76% against the previous year. Over the period under review, average import prices hit record highs in 2021 and is likely to continue growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Japan ($X per unit), while the price for Panama ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+8.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for electric sound amplifier sets in the world?

The country with the largest volume of electric sound amplifier consumption was China, accounting for 39% of total volume. Moreover, electric sound amplifier consumption in China exceeded the figures recorded by the second-largest consumer, Indonesia, fivefold. The United States ranked third in terms of total consumption with a 7.4% share.

What are the largest producers of electric sound amplifier sets in the world?

The country with the largest volume of electric sound amplifier production was China, comprising approx. 62% of total volume. Moreover, electric sound amplifier production in China exceeded the figures recorded by the second-largest producer, the United States, eightfold. India ranked third in terms of total production with a 7.2% share.

What are the leading suppliers of electric sound amplifier sets to Cuba?

In value terms, Panama and Spain were the largest electric sound amplifier suppliers to Cuba.

What is the average export price for electric sound amplifier sets in Cuba?

The average electric sound amplifier export price stood at $66 per unit in 2020, remaining constant against the previous year.

What is the average import price for electric sound amplifier sets in Cuba?

In 2021, the average electric sound amplifier import price amounted to $61 per unit, with a decrease of -1.6% against the previous year.

This report provides an in-depth analysis of the electric sound amplifier market in Cuba. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 26404370 - Electric sound amplifier sets (including public address systems with microphone and speaker)

Country coverage:

Cuba

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Cuba
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023