MENA: Electric Sound Amplifier Market 2024

Electric Sound Amplifier Market Size in MENA

The MENA's electric sound amplifier market fell modestly to $X in 2022, shrinking by -3.5% against the previous year. In general, consumption, however, saw a noticeable reduction. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Electric Sound Amplifier Production in MENA

In value terms, electric sound amplifier production fell to $X in 2022 estimated in export price. In general, production showed a abrupt downturn. The most prominent rate of growth was recorded in 2017 with an increase of 53% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Electric Sound Amplifier Exports

Exports in MENA

In 2022, shipments abroad of electric sound amplifier sets increased by 8% to X units, rising for the third year in a row after two years of decline. Over the period under review, exports, however, showed a abrupt contraction. The most prominent rate of growth was recorded in 2015 when exports increased by 85% against the previous year. As a result, the exports attained the peak of X units. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, electric sound amplifier exports expanded modestly to $X in 2022. In general, exports, however, recorded a slight decrease. The growth pace was the most rapid in 2015 with an increase of 118% against the previous year. Over the period under review, the exports attained the maximum at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United Arab Emirates was the major exporting country with an export of about X units, which recorded 54% of total exports. Israel (X units) ranks second in terms of the total exports with a 15% share, followed by Turkey (14%), Oman (5%) and Iran (4.9%). Saudi Arabia (X units) took a minor share of total exports.

From 2012 to 2022, average annual rates of growth with regard to electric sound amplifier exports from the United Arab Emirates stood at -2.2%. At the same time, Saudi Arabia (+30.5%), Oman (+23.8%), Israel (+22.0%) and Turkey (+8.3%) displayed positive paces of growth. Moreover, Saudi Arabia emerged as the fastest-growing exporter exported in MENA, with a CAGR of +30.5% from 2012-2022. Iran experienced a relatively flat trend pattern. While the share of Israel (+14 p.p.), the United Arab Emirates (+14 p.p.), Turkey (+10 p.p.), Oman (+4.6 p.p.), Saudi Arabia (+4.3 p.p.) and Iran (+2.1 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) remains the largest electric sound amplifier supplier in MENA, comprising 52% of total exports. The second position in the ranking was taken by Turkey ($X), with a 17% share of total exports. It was followed by Iran, with a 12% share.

From 2012 to 2022, the average annual growth rate of value in the United Arab Emirates stood at +2.8%. In the other countries, the average annual rates were as follows: Turkey (+10.6% per year) and Iran (-6.1% per year).

Export Prices by Country

In 2022, the export price in MENA amounted to $X per unit, dropping by -3.3% against the previous year. Export price indicated notable growth from 2012 to 2022: its price 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, electric sound amplifier export price decreased by -36.7% against 2017 indices. The most prominent rate of growth was recorded in 2013 an increase of 63% against the previous year. Over the period under review, the export prices reached the peak figure at $X per unit in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Iran ($X per unit), while Israel ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+5.1%), while the other leaders experienced more modest paces of growth.

Electric Sound Amplifier Imports

Imports in MENA

In 2022, supplies from abroad of electric sound amplifier sets was finally on the rise to reach X units after two years of decline. In general, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when imports increased by 35%. As a result, imports attained the peak of X units. From 2016 to 2022, the growth of imports remained at a lower figure.

In value terms, electric sound amplifier imports expanded slightly to $X in 2022. Over the period under review, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of 26% against the previous year. Over the period under review, imports reached the maximum at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Egypt (X units), distantly followed by the United Arab Emirates (X units) and Iraq (X units) represented the largest importers of electric sound amplifier sets, together creating 72% of total imports. Israel (X units), Libya (X units), Qatar (X units), Turkey (X units), Algeria (X units), Kuwait (X units) and Djibouti (X units) held a little share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Iraq (with a CAGR of +34.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported electric sound amplifier sets in MENA, comprising 34% of total imports. The second position in the ranking was held by Iraq ($X), with a 15% share of total imports. It was followed by Israel, with a 10% share.

In the United Arab Emirates, electric sound amplifier imports increased at an average annual rate of +3.7% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Iraq (+21.6% per year) and Israel (-5.5% per year).

Import Prices by Country

The import price in MENA stood at $X per unit in 2022, shrinking by -19.6% against the previous year. Over the period under review, the import price recorded a mild curtailment. The most prominent rate of growth was recorded in 2013 an increase of 24%. As a result, import price reached the peak level of $X per unit. From 2014 to 2022, the import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Qatar ($X per unit), while Egypt ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Israel (+17.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform