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Belgium - Electric Sound Amplifier Sets - Market Analysis, Forecast, Size, Trends and Insights
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View PricingBelgium: Electric Sound Amplifier Market 2024
Electric Sound Amplifier Market Size in Belgium
For the fifth year in a row, the Belgian electric sound amplifier market recorded growth in sales value, which increased by 13% to $X in 2022. Overall, consumption saw a buoyant increase. Electric sound amplifier consumption peaked in 2022 and is expected to retain growth in years to come.
Electric Sound Amplifier Production in Belgium
In value terms, electric sound amplifier production dropped modestly to $X in 2022 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of 72%. Electric sound amplifier production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.
Electric Sound Amplifier Exports
Exports from Belgium
In 2022, overseas shipments of electric sound amplifier sets decreased by -20.8% to X units for the first time since 2019, thus ending a two-year rising trend. Over the period under review, total exports indicated a pronounced increase from 2012 to 2022: its volume increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when exports increased by 59%. The exports peaked at X units in 2021, and then reduced rapidly in the following year.
In value terms, electric sound amplifier exports declined dramatically to $X in 2022. In general, exports, however, posted a remarkable increase. The growth pace was the most rapid in 2020 with an increase of 40%. The exports peaked at $X in 2021, and then fell significantly in the following year.
Exports by Country
France (X units), Spain (X units) and Germany (X units) were the main destinations of electric sound amplifier exports from Belgium, together comprising 65% of total exports.
From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of +27.9%), while shipments for the other leaders experienced more modest paces of growth.
In value terms, France ($X), Germany ($X) and the Netherlands ($X) appeared to be the largest markets for electric sound amplifier exported from Belgium worldwide, with a combined 46% share of total exports. Spain, Italy, the UK, Sweden, Russia, the United Arab Emirates, Denmark and Luxembourg lagged somewhat behind, together comprising a further 29%.
Spain, with a CAGR of +22.1%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.
Export Prices by Country
In 2022, the average electric sound amplifier export price amounted to $X per unit, which is down by -12.9% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.7%. The pace of growth appeared the most rapid in 2015 when the average export price increased by 23% against the previous year. The export price peaked at $X per unit in 2021, and then fell in the following year.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Luxembourg ($X per unit), while the average price for exports to Spain ($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 Luxembourg (+11.9%), while the prices for the other major destinations experienced more modest paces of growth.
Electric Sound Amplifier Imports
Imports into Belgium
In 2022, purchases abroad of electric sound amplifier sets increased by 11% to X units, rising for the third consecutive year after two years of decline. Overall, imports enjoyed strong growth. The most prominent rate of growth was recorded in 2020 with an increase of 90%. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, electric sound amplifier imports contracted to $X in 2022. Over the period under review, imports enjoyed resilient growth. The pace of growth appeared the most rapid in 2014 with an increase of 50% against the previous year. Over the period under review, imports reached the peak figure at $X in 2021, and then contracted in the following year.
Imports by Country
In 2022, China (X units) constituted the largest electric sound amplifier supplier to Belgium, accounting for a 89% share of total imports. Moreover, electric sound amplifier imports from China exceeded the figures recorded by the second-largest supplier, the Netherlands (X units), more than tenfold. France (X units) ranked third in terms of total imports with a 1.8% share.
From 2012 to 2022, the average annual growth rate of volume from China totaled +22.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+6.8% per year) and France (+0.8% per year).
In value terms, China ($X) constituted the largest supplier of electric sound amplifier sets to Belgium, comprising 60% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 28% share of total imports. It was followed by France, with a 3.7% share.
From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +11.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+9.0% per year) and France (+4.7% per year).
Import Prices by Country
The average electric sound amplifier import price stood at $X per unit in 2022, declining by -16.7% against the previous year. Overall, the import price saw a abrupt curtailment. The pace of growth was the most pronounced in 2014 when the average import price increased by 16%. The import price peaked at $X per unit in 2019; however, from 2020 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($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 France (+3.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Source: IndexBox Platform
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the electric sound amplifier market in Belgium. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 26404370 - Electric sound amplifier sets (including public address systems with microphone and speaker)
Country coverage:
- Belgium
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Belgium
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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