Italy: Electric Sound Amplifier Market 2024

Electric Sound Amplifier Market Size in Italy

After three years of decline, the Italian electric sound amplifier market increased by 232% to $X in 2022. In general, consumption, however, showed a abrupt decrease. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Electric Sound Amplifier Production in Italy

In value terms, electric sound amplifier production plummeted to $X in 2022 estimated in export price. Overall, production, however, showed a deep downturn. The most prominent rate of growth was recorded in 2021 when the production volume increased by 241%. Over the period under review, production reached the peak level at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Electric Sound Amplifier Exports

Exports from Italy

In 2022, electric sound amplifier exports from Italy rose modestly to X units, increasing by 2.3% compared with 2021 figures. In general, total exports indicated a temperate expansion from 2012 to 2022: its volume increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +19.4% against 2018 indices. The pace of growth appeared the most rapid in 2021 with an increase of 24% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in years to come.

In value terms, electric sound amplifier exports surged to $X in 2022. Over the period under review, total exports indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +9.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +45.4% against 2020 indices. The pace of growth appeared the most rapid in 2013 when exports increased by 61% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to see steady growth in years to come.

Exports by Country

Germany (X units), the Netherlands (X units) and the United States (X units) were the main destinations of electric sound amplifier exports from Italy, together accounting for 40% of total exports. Spain, the UK, Greece, Romania, Poland, Belgium, China, France, Portugal and Bulgaria lagged somewhat behind, together comprising a further 32%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Bulgaria (with a CAGR of +32.6%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Germany ($X) and the UK ($X) appeared to be the largest markets for electric sound amplifier exported from Italy worldwide, with a combined 39% share of total exports.

The United States, with a CAGR of +31.4%, recorded the highest rates of growth with regard to 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

In 2022, the average electric sound amplifier export price amounted to $X per unit, rising by 21% against the previous year. Over the last decade, it increased at an average annual rate of +4.8%. The pace of growth appeared the most rapid in 2013 an increase of 45%. The export price peaked at $X per unit in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Romania ($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 France (+14.8%), while the prices for the other major destinations experienced more modest paces of growth.

Electric Sound Amplifier Imports

Imports into Italy

In 2022, overseas purchases of electric sound amplifier sets increased by 3.3% to X units, rising for the second year in a row after four years of decline. The total import volume increased at an average annual rate of +3.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2015 when imports increased by 57% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in years to come.

In value terms, electric sound amplifier imports soared to $X in 2022. Overall, total imports indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +65.5% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X units) constituted the largest electric sound amplifier supplier to Italy, accounting for a 61% share of total imports. Moreover, electric sound amplifier imports from China exceeded the figures recorded by the second-largest supplier, Romania (X units), sevenfold. The third position in this ranking was held by Germany (X units), with a 7.5% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +2.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Romania (+188.2% per year) and Germany (-2.0% per year).

In value terms, China ($X) constituted the largest supplier of electric sound amplifier sets to Italy, comprising 40% of total imports. The second position in the ranking was taken by Indonesia ($X), with a 12% share of total imports. It was followed by Germany, with a 9.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +8.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (+57.3% per year) and Germany (-0.9% per year).

Import Prices by Country

The average electric sound amplifier import price stood at $X per unit in 2022, growing by 40% against the previous year. Over the last decade, it increased at an average annual rate of +2.4%. 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 Indonesia ($X per unit), while the price for Vietnam ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+9.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :