Canada: Electric Sound Amplifier Market 2024

Electric Sound Amplifier Market Size in Canada

The Canadian electric sound amplifier market declined notably to $X in 2022, waning by -15.4% against the previous year. In general, consumption, however, saw a perceptible expansion. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Electric Sound Amplifier Production in Canada

In value terms, electric sound amplifier production fell significantly to $X in 2022 estimated in export price. In general, production, however, recorded notable growth. The pace of growth appeared the most rapid in 2021 when the production volume increased by 51%. 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 Canada

In 2022, shipments abroad of electric sound amplifier sets increased by 22% to X units, rising for the second year in a row after five years of decline. In general, exports, however, recorded a drastic downturn. The most prominent rate of growth was recorded in 2015 when exports increased by 36%. Over the period under review, the exports attained the peak figure at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, electric sound amplifier exports skyrocketed to $X in 2022. Overall, exports showed modest growth. Over the period under review, the exports attained the maximum at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

Japan (X units), the United States (X units) and India (X units) were the main destinations of electric sound amplifier exports from Canada, with a combined 50% share 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 India (with a CAGR of +43.3%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for electric sound amplifier sets exports from Canada, comprising 49% of total exports. The second position in the ranking was taken by Japan ($X), with a 5.8% share of total exports. It was followed by India, with a 3.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States totaled +4.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+8.4% per year) and India (+18.0% per year).

Export Prices by Country

In 2022, the average electric sound amplifier export price amounted to $X per unit, increasing by 29% against the previous year. Overall, export price indicated strong growth from 2012 to 2022: its price increased at an average annual rate of +8.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Malaysia ($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 South Korea (+25.9%), while the prices for the other major destinations experienced more modest paces of growth.

Electric Sound Amplifier Imports

Imports into Canada

Electric sound amplifier imports into Canada declined to X units in 2022, which is down by -9.5% on 2021. Overall, total imports indicated a notable increase from 2012 to 2022: its volume increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -21.9% against 2018 indices. The pace of growth appeared the most rapid in 2014 when imports increased by 64% against the previous year. Imports peaked at X units in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, electric sound amplifier imports fell markedly to $X in 2022. In general, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when imports increased by 33%. Over the period under review, imports hit record highs at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X units), the United States (X units) and Malaysia (X units) were the main suppliers of electric sound amplifier imports to Canada, together comprising 93% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Malaysia (with a CAGR of +18.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), China ($X) and Mexico ($X) constituted the largest electric sound amplifier suppliers to Canada, together comprising 75% of total imports.

The United States, with a CAGR of +3.4%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average electric sound amplifier import price amounted to $X per unit, dropping by -23.2% against the previous year. Overall, the import price continues to indicate a perceptible descent. The most prominent rate of growth was recorded in 2013 when the average import price increased by 22%. As a result, import price reached the peak level of $X per unit. From 2014 to 2022, the average import prices remained at a lower figure.

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 Mexico ($X per unit), while the price for Malaysia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+8.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :