Belgium: Microphone Market 2024

Microphone Market Size in Belgium

After three years of growth, the Belgian microphone market decreased by -34.6% to $X in 2022. Over the period under review, consumption, however, posted mild growth. Microphone consumption peaked at $X in 2021, and then dropped remarkably in the following year.

Microphone Production in Belgium

In value terms, microphone production declined rapidly to $X in 2022 estimated in export price. Overall, production continues to indicate a abrupt decrease. The pace of growth was the most pronounced in 2019 with an increase of 381% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Microphone Exports

Exports from Belgium

In 2022, shipments abroad of microphones and their stands decreased by -0.5% to X units, falling for the second year in a row after three years of growth. In general, exports, however, continue to indicate a pronounced expansion. The most prominent rate of growth was recorded in 2020 with an increase of 128% against the previous year. As a result, the exports attained the peak of X units. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, microphone exports dropped dramatically to $X in 2022. Overall, exports, however, showed a resilient expansion. The pace of growth was the most pronounced in 2020 when exports increased by 53%. The exports peaked at $X in 2021, and then fell sharply in the following year.

Exports by Country

France (X units) was the main destination for microphone exports from Belgium, accounting for a 25% share of total exports. Moreover, microphone exports to France exceeded the volume sent to the second major destination, Germany (X units), twofold. The third position in this ranking was taken by the UK (X units), with a 9% share.

From 2012 to 2022, the average annual growth rate of volume to France stood at -7.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+10.8% per year) and the UK (+20.0% per year).

In value terms, the largest markets for microphone exported from Belgium were Germany ($X), Switzerland ($X) and the Netherlands ($X), together accounting for 29% of total exports. The UK, France, Serbia, Italy, India, Spain, Poland, Cyprus, Estonia and Portugal lagged somewhat behind, together accounting for a further 26%.

India, with a CAGR of +118.1%, recorded the highest growth rate of the value of exports, in terms of 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, dropping by -19% against the previous year. Overall, the export price, however, posted noticeable growth. The pace of growth appeared the most rapid in 2013 when the average export price increased by 59%. Over the period under review, the average export prices reached the peak figure at $X per unit in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Switzerland ($X per unit), while the average price for exports to Estonia ($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 Serbia (+2.3%), while the prices for the other major destinations experienced more modest paces of growth.

Microphone Imports

Imports into Belgium

In 2022, purchases abroad of microphones and their stands decreased by -13.1% to X units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, posted a prominent expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 197% against the previous year. Imports peaked at X units in 2021, and then shrank in the following year.

In value terms, microphone imports shrank sharply to $X in 2022. Overall, imports, however, saw a buoyant increase. The most prominent rate of growth was recorded in 2020 with an increase of 48% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then fell notably in the following year.

Imports by Country

In 2022, China (X units) constituted the largest microphone supplier to Belgium, with a 75% share of total imports. Moreover, microphone imports from China exceeded the figures recorded by the second-largest supplier, the Netherlands (X units), more than tenfold. The third position in this ranking was held by Germany (X units), with a 3.4% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +16.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+7.1% per year) and Germany (-3.1% per year).

In value terms, the largest microphone suppliers to Belgium were China ($X), the United States ($X) and Germany ($X), with a combined 58% share of total imports. The Netherlands, Hungary, Taiwan (Chinese), the Czech Republic, France and Hong Kong SAR lagged somewhat behind, together comprising a further 37%.

Hungary, with a CAGR of +163.5%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average microphone import price stood at $X per unit in 2022, shrinking by -15% against the previous year. Overall, the import price showed a abrupt decrease. The pace of growth appeared the most rapid in 2018 an increase of 52%. As a result, import price reached the peak level of $X per unit. From 2019 to 2022, the average import prices remained at a somewhat 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 the United States ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+9.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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