Brazil: Microphone Market 2024

Microphone Market Size in Brazil

In 2022, the Brazilian microphone market increased by 2.6% to $X, rising for the second consecutive year after two years of decline. The market value increased at an average annual rate of +1.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Microphone consumption peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Microphone Exports

Exports from Brazil

In 2022, exports of microphones and their stands from Brazil was estimated at X units, surging by 6% on 2021. Overall, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 92%. As a result, the exports reached the peak of X units. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, microphone exports surged to $X in 2022. Over the period under review, exports saw a strong increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X units) was the main destination for microphone exports from Brazil, with a 52% share of total exports. Moreover, microphone exports to the United States exceeded the volume sent to the second major destination, Paraguay (X units), fivefold. The third position in this ranking was taken by Mexico (X units), with a 6.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States stood at +8.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Paraguay (-0.9% per year) and Mexico (+13.2% per year).

In value terms, the United States ($X), France ($X) and Belgium ($X) were the largest markets for microphone exported from Brazil worldwide, together comprising 77% of total exports.

Among the main countries of destination, Belgium, with a CAGR of +161.0%, saw the highest rates of growth with regard to the value of exports, 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, with an increase of 69% against the previous year. In general, the export price recorded a buoyant increase. The most prominent rate of growth was recorded in 2020 an increase of 74%. The export price peaked in 2022 and is likely to see steady growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per unit), while the average price for exports to Mexico ($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 Indonesia (+17.8%), while the prices for the other major destinations experienced more modest paces of growth.

Microphone Imports

Imports into Brazil

Microphone imports into Brazil rose notably to X units in 2022, surging by 8.3% compared with the year before. In general, total imports indicated temperate growth from 2012 to 2022: its volume increased at an average annual rate of +4.5% 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 +69.2% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 56% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see steady growth in years to come.

In value terms, microphone imports amounted to $X in 2022. Overall, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 66% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) was the main supplier of microphone to Brazil, accounting for a 94% share of total imports. It was followed by Mexico (X units), with a 1.5% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +5.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+13.4% per year) and Hong Kong SAR (-3.5% per year).

In value terms, China ($X) constituted the largest supplier of microphones and their stands to Brazil, comprising 62% of total imports. The second position in the ranking was held by Mexico ($X), with an 11% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +1.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+14.9% per year) and Hong Kong SAR (-2.3% per year).

Import Prices by Country

In 2022, the average microphone import price amounted to $X per unit, falling by -7.4% against the previous year. Over the period under review, the import price recorded a noticeable slump. The most prominent rate of growth was recorded in 2013 when the average import price increased by 23% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Mexico ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+1.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :