Asia: Microphone Market 2024

Microphone Market Size in Asia

The Asian microphone market soared to $X in 2022, rising by 216% against the previous year. Overall, consumption recorded a strong expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Microphone Production in Asia

In value terms, microphone production surged to $X in 2022 estimated in export price. Over the period under review, production enjoyed a prominent increase. The growth pace was the most rapid in 2020 when the production volume increased by 197% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Microphone Exports

Exports in Asia

In 2022, the amount of microphones and their stands exported in Asia skyrocketed to X units, growing by 192% against the previous year. Overall, exports saw a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 389% against the previous year. The volume of export peaked in 2022 and is likely to see gradual growth in the near future.

In value terms, microphone exports contracted markedly to $X in 2022. Total exports indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +5.7% 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 2021 when exports increased by 16%. As a result, the exports reached the peak of $X, and then fell remarkably in the following year.

Exports by Country

The biggest shipments were from China (X units), together accounting for 96% of total export.

China was also the fastest-growing in terms of the microphones and their stands exports, with a CAGR of +37.9% from 2012 to 2022. While the share of China (+40 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) also remains the largest microphone supplier in Asia.

From 2012 to 2022, the average annual rate of growth in terms of value in China stood at +5.8%.

Export Prices by Country

The export price in Asia stood at $X per unit in 2022, shrinking by -71.7% against the previous year. Overall, the export price showed a drastic downturn. The pace of growth was the most pronounced in 2015 when the export price increased by 13% against the previous year. Over the period under review, the export prices reached the peak figure at $X per unit in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to -23.2% per year.

Microphone Imports

Imports in Asia

In 2022, approx. X units of microphones and their stands were imported in Asia; shrinking by -7.3% on the year before. Total imports indicated a buoyant expansion from 2012 to 2022: its volume increased at an average annual rate of +7.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +20.2% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 30%. As a result, imports attained the peak of X units, and then shrank in the following year.

In value terms, microphone imports fell slightly to $X in 2022. Total imports indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +6.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +22.7% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 26% against the previous year. As a result, imports reached the peak of $X, and then dropped modestly in the following year.

Imports by Country

Thailand represented the key importer of microphones and their stands in Asia, with the volume of imports amounting to X units, which was near 31% of total imports in 2022. Indonesia (X units) took a 15% share (based on physical terms) of total imports, which put it in second place, followed by Hong Kong SAR (7.8%), South Korea (7.6%), Vietnam (7.6%), Malaysia (7.3%) and Japan (6.7%).

Thailand was also the fastest-growing in terms of the microphones and their stands imports, with a CAGR of +36.9% from 2012 to 2022. At the same time, Malaysia (+26.8%), Indonesia (+14.5%), Vietnam (+13.3%), South Korea (+12.5%) and Japan (+2.7%) displayed positive paces of growth. By contrast, Hong Kong SAR (-3.3%) illustrated a downward trend over the same period. While the share of Thailand (+28 p.p.), Indonesia (+7.2 p.p.), Malaysia (+5.9 p.p.), Vietnam (+3.1 p.p.) and South Korea (+2.8 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Japan (-3.8 p.p.) and Hong Kong SAR (-14.6 p.p.) displayed negative dynamics.

In value terms, the largest microphone importing markets in Asia were Hong Kong SAR ($X), Malaysia ($X) and Vietnam ($X), with a combined 38% share of total imports.

Malaysia, with a CAGR of +27.8%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Asia amounted to $X per unit, picking up by 5.1% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the import price increased by 9.6%. Over the period under review, import prices reached the peak figure at $X per unit in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Hong Kong SAR ($X per unit), while Thailand ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+5.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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