Ukraine: Electric Sound Amplifier Market 2024

Electric Sound Amplifier Market Size in Ukraine

For the fourth consecutive year, the Ukrainian electric sound amplifier market recorded growth in sales value, which increased by 109% to $X in 2022. Over the period under review, consumption saw a significant increase. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in the immediate term.

Electric Sound Amplifier Production in Ukraine

In value terms, electric sound amplifier production rose slightly to $X in 2022 estimated in export price. Overall, production showed a strong increase. The most prominent rate of growth was recorded in 2018 when the production volume increased by 69%. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

Electric Sound Amplifier Exports

Exports from Ukraine

For the third year in a row, Ukraine recorded growth in shipments abroad of electric sound amplifier sets, which increased by 178% to X units in 2022. In general, exports, however, continue to indicate a abrupt slump. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, electric sound amplifier exports soared to $X in 2022. Overall, exports, however, continue to indicate a significant decrease. The pace of growth appeared the most rapid in 2018 when exports increased by 8,653%. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Latvia (X units), Canada (X units) and Germany (X units) were the main destinations of electric sound amplifier exports from Ukraine, together comprising 31% 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 Canada (with a CAGR of +51.3%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Canada ($X) and Latvia ($X) constituted the largest markets for electric sound amplifier exported from Ukraine worldwide, with a combined 88% share of total exports. Poland, Moldova and Bulgaria lagged somewhat behind, together accounting for a further 12%.

Among the main countries of destination, Moldova, with a CAGR of +26.7%, saw 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, surging by 364% against the previous year. In general, the export price, however, showed a deep slump. The most prominent rate of growth was recorded in 2018 an increase of 3,715%. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to Bulgaria ($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 the United States (+37.2%), while the prices for the other major destinations experienced more modest paces of growth.

Electric Sound Amplifier Imports

Imports into Ukraine

For the fourth year in a row, Ukraine recorded growth in purchases abroad of electric sound amplifier sets, which increased by 126% to X units in 2022. Over the period under review, imports recorded a significant expansion. The pace of growth was the most pronounced in 2020 when imports increased by 196% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to continue growth in the immediate term.

In value terms, electric sound amplifier imports dropped sharply to $X in 2022. Overall, imports enjoyed a noticeable expansion. The growth pace was the most rapid in 2020 when imports increased by 196%. Over the period under review, imports hit record highs at $X in 2021, and then fell significantly in the following year.

Imports by Country

In 2022, China (X units) constituted the largest electric sound amplifier supplier to Ukraine, with a 3.5% share of total imports. Moreover, electric sound amplifier imports from China exceeded the figures recorded by the second-largest supplier, the UK (X units), threefold. The third position in this ranking was held by Germany (X units), with a 1.1% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +64.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+34.7% per year) and Germany (+81.2% per year).

In value terms, China ($X) constituted the largest supplier of electric sound amplifier sets to Ukraine, comprising 88% of total imports. The second position in the ranking was taken by Germany ($X), with a 4.7% share of total imports. It was followed by Denmark, with a 2.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +73.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+23.6% per year) and Denmark (+32.0% per year).

Import Prices by Country

The average electric sound amplifier import price stood at $X per unit in 2022, declining by -95.6% against the previous year. In general, the import price faced a sharp setback. The most prominent rate of growth was recorded in 2017 an increase of 6.7%. Over the period under review, average import prices reached the maximum at $X per unit in 2012; however, from 2013 to 2022, import prices stood 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 Arab Emirates ($X per unit), while the price for the UK ($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 Netherlands (+17.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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