Azerbaijan: Microphone Market 2025

Microphone Market Size in Azerbaijan

The Azerbaijani microphone market soared to $X in 2022, picking up by 30% 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). Over the period under review, consumption showed a relatively flat trend pattern. Microphone consumption peaked in 2022 and is likely to see gradual growth in years to come.

Microphone Exports

Exports from Azerbaijan

In 2022, the amount of microphones and their stands exported from Azerbaijan soared to X units, growing by 70% on the previous year's figure. In general, exports posted prominent growth. The pace of growth appeared the most rapid in 2016 with an increase of 2,210% against the previous year. As a result, the exports attained the peak of X units. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, microphone exports shrank significantly to $X in 2022. Overall, exports recorded a strong increase. The most prominent rate of growth was recorded in 2016 when exports increased by 2,121% against the previous year. As a result, the exports attained the peak of $X. From 2017 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

The UK (X units), Luxembourg (X units) and the United States (X units) were the main destinations of microphone exports from Azerbaijan, together accounting for 98% 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 the United States (with a CAGR of +23.3%), while the other leaders experienced mixed trend patterns.

In value terms, the largest markets for microphone exported from Azerbaijan were the UK ($X), the United States ($X) and Luxembourg ($X).

The United States, with a CAGR of +30.3%, recorded 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

The average microphone export price stood at $X per unit in 2022, falling by -53.7% against the previous year. Over the period under review, the export price, however, posted resilient growth. The most prominent rate of growth was recorded in 2017 an increase of 474% against the previous year. The export price peaked at $X per unit in 2021, and then dropped notably in the following year.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per unit), while the average price for exports to Luxembourg ($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 Turkey (+98.9%), while the prices for the other major destinations experienced more modest paces of growth.

Microphone Imports

Imports into Azerbaijan

For the seventh consecutive year, Azerbaijan recorded growth in overseas purchases of microphones and their stands, which increased by 30% to X units in 2022. In general, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of 109%. Over the period under review, imports hit record highs at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, microphone imports surged to $X in 2022. Over the period under review, imports continue to indicate a pronounced increase. The pace of growth appeared the most rapid in 2019 with an increase of 93%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, China (X units) constituted the largest supplier of microphone to Azerbaijan, with a 88% share of total imports. Moreover, microphone imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X units), more than tenfold. The third position in this ranking was taken by Turkey (X units), with a 1.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +11.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+58.0% per year) and Turkey (-5.4% per year).

In value terms, China ($X) constituted the largest supplier of microphones and their stands to Azerbaijan, comprising 41% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with an 11% share of total imports. It was followed by Germany, with a 4.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +2.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+54.8% per year) and Germany (-1.1% per year).

Import Prices by Country

The average microphone import price stood at $X per unit in 2022, growing by 6.6% against the previous year. Overall, the import price posted a notable increase. The growth pace was the most rapid in 2013 when the average import price increased by 376%. As a result, import price reached the peak level of $X per unit. From 2014 to 2022, the average 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 Germany ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (-0.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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