Ethiopia: Electric Sound Amplifier Market 2024

Electric Sound Amplifier Market Size in Ethiopia

The Ethiopian electric sound amplifier market surged to $X in 2022, picking up by 47% 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 posted prominent growth. Electric sound amplifier consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Electric Sound Amplifier Exports

Exports from Ethiopia

In 2022, the amount of electric sound amplifier sets exported from Ethiopia shrank sharply to X units, waning by -25% against 2021. Overall, exports saw a relatively flat trend pattern. The growth pace was the most rapid in 2019 with an increase of 417% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, electric sound amplifier exports dropped rapidly to $X in 2022. Over the period under review, exports continue to indicate a slight slump. The pace of growth appeared the most rapid in 2016 when exports increased by 588% against the previous year. As a result, the exports attained the peak of $X. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

France (X units) was the main destination for electric sound amplifier exports from Ethiopia, accounting for a 78% share of total exports. Moreover, electric sound amplifier exports to France exceeded the volume sent to the second major destination, the Netherlands (X units), fourfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to France stood at +55.2%.

In value terms, France ($X) remains the key foreign market for electric sound amplifier sets exports from Ethiopia, comprising 77% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a 23% share of total exports.

From 2012 to 2022, the average annual growth rate of value to France totaled +71.9%.

Export Prices by Country

In 2022, the average electric sound amplifier export price amounted to $X per unit, falling by -7.2% against the previous year. Over the period under review, the export price showed a slight decline. The most prominent rate of growth was recorded in 2016 an increase of 80% against the previous year. Over the period under review, the average export prices attained the maximum at $X per unit in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per unit), while the average price for exports to France stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (+10.7%), while the prices for the other major destinations experienced mixed trend patterns.

Electric Sound Amplifier Imports

Imports into Ethiopia

In 2022, the amount of electric sound amplifier sets imported into Ethiopia soared to X units, rising by 61% against the previous year's figure. Over the period under review, imports enjoyed strong growth. The pace of growth appeared the most rapid in 2020 with an increase of 451% against the previous year. Over the period under review, imports hit record highs at X units in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, electric sound amplifier imports surged to $X in 2022. Overall, imports enjoyed noticeable growth. The growth pace was the most rapid in 2015 when imports increased by 588%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

China (X units), India (X units) and the UK (X units) were the main suppliers of electric sound amplifier imports to Ethiopia, together accounting for 90% of total imports. Germany, the United Arab Emirates, Mexico and the United States lagged somewhat behind, together accounting for a further 8.9%.

From 2012 to 2022, the biggest increases were recorded for Mexico (with a CAGR of +90.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest electric sound amplifier suppliers to Ethiopia were China ($X), India ($X) and the UK ($X), with a combined 90% share of total imports. Germany, the United Arab Emirates, Mexico and the United States lagged somewhat behind, together comprising a further 8.9%.

Among the main suppliers, Mexico, with a CAGR of +69.1%, recorded the highest growth rate of 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

In 2022, the average electric sound amplifier import price amounted to $X per unit, shrinking by -16.9% against the previous year. In general, the import price saw a deep contraction. The pace of growth appeared the most rapid in 2015 when the average import price increased by 27% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from the United States ($X per unit) and Germany ($X per unit), while the price for Mexico ($X per unit) and the UK ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (-4.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform