Venezuela: Electric Sound Amplifier Market 2025

Electric Sound Amplifier Market Size in Venezuela

The Venezuelan electric sound amplifier market declined significantly to $X in 2022, with a decrease of -17.1% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption saw a abrupt contraction. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Electric Sound Amplifier Exports

Exports from Venezuela

Electric sound amplifier exports from Venezuela rose sharply to X units in 2022, surging by 7.7% against 2021 figures. Overall, exports, however, saw a abrupt contraction. The pace of growth appeared the most rapid in 2015 with an increase of 111% 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 lower figure.

In value terms, electric sound amplifier exports soared to $X in 2022. In general, exports, however, recorded a abrupt setback. The most prominent rate of growth was recorded in 2015 with an increase of 193%. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Panama (X units) was the main destination for electric sound amplifier exports from Venezuela, with a 21% share of total exports. Moreover, electric sound amplifier exports to Panama exceeded the volume sent to the second major destination, Guatemala (X units), threefold. The third position in this ranking was taken by the United States (X units), with a 7.1% share.

From 2012 to 2022, the average annual growth rate of volume to Panama stood at +4.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guatemala (0.0% per year) and the United States (-10.4% per year).

In value terms, Panama ($X) remains the key foreign market for electric sound amplifier sets exports from Venezuela, comprising 86% of total exports. The second position in the ranking was held by Colombia ($X), with a 3.1% share of total exports. It was followed by Aruba, with a 2.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Panama was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (-33.4% per year) and Aruba (-19.4% per year).

Export Prices by Country

In 2022, the average electric sound amplifier export price amounted to $X per unit, rising by 38% against the previous year. Over the period under review, the export price, however, continues to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2015 an increase of 39% against the previous year. The export price peaked 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 overseas markets. In 2022, amid the top suppliers, the country with the highest price was Panama ($X per unit), while the average price for exports to Thailand ($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 Panama (-3.3%), while the prices for the other major destinations experienced a decline.

Electric Sound Amplifier Imports

Imports into Venezuela

In 2022, the amount of electric sound amplifier sets imported into Venezuela shrank rapidly to X units, dropping by -16% against the previous year's figure. In general, imports continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2021 with an increase of 49%. Over the period under review, imports attained the peak figure at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, electric sound amplifier imports declined remarkably to $X in 2022. Overall, imports recorded a dramatic decrease. The growth pace was the most rapid in 2021 when imports increased by 63%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

China (X units), Japan (X units) and Panama (X units) were the main suppliers of electric sound amplifier imports to Venezuela, together accounting for 81% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Japan (with a CAGR of +8.1%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Japan ($X) constituted the largest supplier of electric sound amplifier sets to Venezuela, comprising 40% of total imports. The second position in the ranking was held by China ($X), with a 13% share of total imports. It was followed by Colombia, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Japan amounted to +4.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-32.2% per year) and Colombia (-24.3% per year).

Import Prices by Country

In 2022, the average electric sound amplifier import price amounted to $X per unit, which is down by -4% against the previous year. In general, the import price saw a abrupt decline. The growth pace was the most rapid in 2017 when the average import price increased by 44% against the previous year. The import price peaked at $X per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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 Colombia ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+0.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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