Israel: Electric Sound Amplifier Market 2024

Electric Sound Amplifier Market Size in Israel

The Israeli electric sound amplifier market declined modestly to $X in 2022, which is down by -4.1% 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). Over the period under review, consumption recorded a abrupt setback. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Electric Sound Amplifier Exports

Exports from Israel

In 2022, approx. X units of electric sound amplifier sets were exported from Israel; falling by -17.7% compared with 2021 figures. Overall, exports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2018 with an increase of 781%. As a result, the exports reached the peak of X units. From 2019 to 2022, the growth of the exports failed to regain momentum.

In value terms, electric sound amplifier exports declined dramatically to $X in 2022. Over the period under review, exports, however, enjoyed a buoyant increase. The growth pace was the most rapid in 2018 when exports increased by 884%. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United States (X units) was the main destination for electric sound amplifier exports from Israel, accounting for a 29% share of total exports. Moreover, electric sound amplifier exports to the United States exceeded the volume sent to the second major destination, Cyprus (X units), twofold. Finland (X units) ranked third in terms of total exports with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States amounted to +21.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cyprus (0.0% per year) and Finland (0.0% per year).

In value terms, the United States ($X) remains the key foreign market for electric sound amplifier sets exports from Israel, comprising 36% of total exports. The second position in the ranking was taken by Brazil ($X), with a 14% share of total exports. It was followed by Finland, with a 5.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States stood at +10.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (-12.9% per year) and Finland (0.0% per year).

Export Prices by Country

In 2022, the average electric sound amplifier export price amounted to $X per unit, shrinking by -75.3% against the previous year. Overall, the export price recorded a abrupt decrease. The growth pace was the most rapid in 2019 an increase of 141%. As a result, the export price reached the peak level of $X per unit. From 2020 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 Brazil ($X per unit), while the average price for exports to Italy ($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 Brazil (+0.6%), while the prices for the other major destinations experienced a decline.

Electric Sound Amplifier Imports

Imports into Israel

In 2022, approx. X units of electric sound amplifier sets were imported into Israel; with a decrease of -28.1% against the year before. In general, imports showed a abrupt descent. The growth pace was the most rapid in 2017 with an increase of 29%. Imports peaked at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, electric sound amplifier imports stood at $X in 2022. Over the period under review, imports continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2021 with an increase of 37%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest electric sound amplifier supplier to Israel, accounting for a 61% share of total imports. Moreover, electric sound amplifier imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), fourfold. Taiwan (Chinese) (X units) ranked third in terms of total imports with a 10% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at -16.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+10.2% per year) and Taiwan (Chinese) (+15.0% per year).

In value terms, China ($X) constituted the largest supplier of electric sound amplifier sets to Israel, comprising 51% of total imports. The second position in the ranking was held by Malaysia ($X), with a 12% share of total imports. It was followed by the United States, with a 6.9% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to -1.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+148.3% per year) and the United States (-8.6% per year).

Import Prices by Country

The average electric sound amplifier import price stood at $X per unit in 2022, increasing by 45% against the previous year. Over the period under review, the import price showed a prominent expansion. 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 supplying countries. In 2022, amid the top importers, the country with the highest price was Malaysia ($X per unit), while the price for Singapore ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+28.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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