Singapore: Electric Sound Amplifier Market 2025

Electric Sound Amplifier Market Size in Singapore

In 2022, the Singaporean electric sound amplifier market increased by 83% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption recorded a buoyant increase. Electric sound amplifier consumption peaked in 2022 and is likely to see steady growth in the immediate term.

Electric Sound Amplifier Production in Singapore

In value terms, electric sound amplifier production reached $X in 2022 estimated in export price. Overall, production, however, showed a abrupt slump. The growth pace was the most rapid in 2015 with an increase of 256% against the previous year. As a result, production reached the peak level of $X. From 2016 to 2022, production growth remained at a lower figure.

Electric Sound Amplifier Exports

Exports from Singapore

In 2022, approx. X units of electric sound amplifier sets were exported from Singapore; which is down by -32.1% against 2021 figures. Over the period under review, exports recorded a deep downturn. The most prominent rate of growth was recorded in 2021 with an increase of 48%. The exports peaked at X units in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, electric sound amplifier exports declined dramatically to $X in 2022. Overall, exports saw a abrupt contraction. The pace of growth was the most pronounced in 2021 with an increase of 47%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Malaysia (X units), the United States (X units) and Indonesia (X units) were the main destinations of electric sound amplifier exports from Singapore, with a combined 58% share of total exports. India, Japan, Hong Kong SAR, the United Arab Emirates, Brunei Darussalam, Cambodia, South Korea, Myanmar, Vietnam and Sri Lanka lagged somewhat behind, together accounting for a further 34%.

From 2012 to 2022, the biggest increases were recorded for Myanmar (with a CAGR of +43.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Malaysia ($X) and Indonesia ($X) appeared to be the largest markets for electric sound amplifier exported from Singapore worldwide, with a combined 53% share of total exports. Hong Kong SAR, Myanmar, Cambodia, India, the United Arab Emirates, South Korea, Japan, Brunei Darussalam, Vietnam and Sri Lanka lagged somewhat behind, together accounting for a further 32%.

In terms of the main countries of destination, Myanmar, with a CAGR of +46.4%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average electric sound amplifier export price stood at $X per unit in 2022, reducing by -5.9% against the previous year. In general, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of 15% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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 Hong Kong SAR ($X per unit), while the average price for exports to India ($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 Indonesia (+4.4%), while the prices for the other major destinations experienced more modest paces of growth.

Electric Sound Amplifier Imports

Imports into Singapore

In 2022, purchases abroad of electric sound amplifier sets increased by 114% to X units, rising for the fourth consecutive year after five years of decline. Over the period under review, imports saw a strong increase. The pace of growth was the most pronounced in 2021 when imports increased by 153%. Over the period under review, imports attained the maximum in 2022 and are likely to continue growth in the near future.

In value terms, electric sound amplifier imports contracted modestly to $X in 2022. Overall, imports, however, showed a deep setback. The most prominent rate of growth was recorded in 2013 with an increase of 22% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Cyprus (X units), China (X units) and Malaysia (X units) were the main suppliers of electric sound amplifier imports to Singapore, with a combined 94% share of total imports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +19.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest electric sound amplifier suppliers to Singapore were China ($X), the United States ($X) and Malaysia ($X), together accounting for 49% of total imports. Cyprus and Hong Kong SAR lagged somewhat behind, together comprising a further 1.3%.

Among the main suppliers, Cyprus, with a CAGR of 0.0%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2022, the average electric sound amplifier import price amounted to $X per unit, reducing by -53.8% against the previous year. In general, the import price showed a abrupt setback. The growth pace was the most rapid in 2018 when the average import price increased by 29%. As a result, import price attained the peak level of $X per unit. From 2019 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per unit), while the price for Cyprus ($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 States (-8.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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