Malaysia: Electric Sound Amplifier Market 2024

Electric Sound Amplifier Market Size in Malaysia

The Malaysian electric sound amplifier market dropped significantly to $X in 2022, declining by -17.7% against the previous year. Overall, consumption, however, posted a notable expansion. Electric sound amplifier consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Electric Sound Amplifier Production in Malaysia

In value terms, electric sound amplifier production shrank markedly to $X in 2022 estimated in export price. Overall, production, however, continues to indicate modest growth. The most prominent rate of growth was recorded in 2013 with an increase of 125%. Over the period under review, production attained the maximum level at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Electric Sound Amplifier Exports

Exports from Malaysia

Electric sound amplifier exports from Malaysia declined significantly to X units in 2022, falling by -20.8% against 2021 figures. Over the period under review, exports, however, posted measured growth. The most prominent rate of growth was recorded in 2013 with an increase of 254%. As a result, the exports attained the peak of X units. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, electric sound amplifier exports declined to $X in 2022. Overall, exports, however, enjoyed measured growth. The growth pace was the most rapid in 2013 when exports increased by 281%. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United States (X units), China (X units) and the Netherlands (X units) were the main destinations of electric sound amplifier exports from Malaysia, with a combined 61% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Netherlands (with a CAGR of +50.0%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for electric sound amplifier sets exports from Malaysia, comprising 32% of total exports. The second position in the ranking was held by China ($X), with an 11% share of total exports. It was followed by the Netherlands, with a 9.2% share.

From 2012 to 2022, the average annual growth rate of value to the United States totaled +22.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+14.1% per year) and the Netherlands (+54.9% per year).

Export Prices by Country

The average electric sound amplifier export price stood at $X per unit in 2022, surging by 13% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average export price increased by 85% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to Japan ($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 Germany (+14.7%), while the prices for the other major destinations experienced more modest paces of growth.

Electric Sound Amplifier Imports

Imports into Malaysia

In 2022, purchases abroad of electric sound amplifier sets decreased by -10.9% to X units for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, enjoyed a resilient increase. The pace of growth appeared the most rapid in 2014 when imports increased by 320%. Imports peaked at X units in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, electric sound amplifier imports shrank to $X in 2022. Over the period under review, imports, however, recorded a resilient increase. The pace of growth appeared the most rapid in 2014 with an increase of 268%. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of electric sound amplifier to Malaysia, with a 90% share of total imports. Moreover, electric sound amplifier imports from China exceeded the figures recorded by the second-largest supplier, Singapore (X units), more than tenfold. The third position in this ranking was held by Indonesia (X units), with a 1.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +17.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (-6.5% per year) and Indonesia (-1.1% per year).

In value terms, China ($X) constituted the largest supplier of electric sound amplifier sets to Malaysia, comprising 71% of total imports. The second position in the ranking was taken by Singapore ($X), with a 9.2% share of total imports. It was followed by Indonesia, with a 4.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +17.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (+0.9% per year) and Indonesia (+2.9% per year).

Import Prices by Country

In 2022, the average electric sound amplifier import price amounted to $X per unit, with an increase of 3.1% against the previous year. Over the period under review, the import price, however, saw a slight setback. The pace of growth was the most pronounced in 2018 when the average import price increased by 84%. As a result, import price attained the peak level of $X per unit. From 2019 to 2022, the average import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+7.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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