China: Microphone Market 2024

Microphone Market Size in China

After two years of decline, the Chinese microphone market increased by 558% to $X in 2022. Overall, consumption showed significant growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Microphone Production in China

In value terms, microphone production skyrocketed to $X in 2022 estimated in export price. In general, production continues to indicate resilient growth. The most prominent rate of growth was recorded in 2020 with an increase of 313% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Microphone Exports

Exports from China

In 2022, overseas shipments of microphones and their stands increased by 217% to X units, rising for the fourth year in a row after four years of decline. Overall, exports recorded a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 925%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, microphone exports declined sharply to $X in 2022. Over the period under review, exports recorded resilient growth. The growth pace was the most rapid in 2020 when exports increased by 44%. The exports peaked at $X in 2021, and then fell dramatically in the following year.

Exports by Country

The United States (X units), Malaysia (X units) and the United Arab Emirates (X units) were the main destinations of microphone exports from China, together accounting for 3.2% of total exports. Vietnam, the Netherlands, India, Japan, Germany, Indonesia, South Korea, Brazil, the Philippines and the UK lagged somewhat behind, together comprising a further 1.5%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Netherlands (with a CAGR of +26.3%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for microphones and their stands exports from China, comprising 23% of total exports. The second position in the ranking was held by Malaysia ($X), with an 11% share of total exports. It was followed by the Netherlands, with a 4.8% share.

From 2012 to 2022, the average annual growth rate of value to the United States totaled +14.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (-0.7% per year) and the Netherlands (+30.6% per year).

Export Prices by Country

The average microphone export price stood at $X per unit in 2022, reducing by -74.7% against the previous year. Overall, the export price faced a sharp contraction. The growth pace was the most rapid in 2015 an increase of 22%. The export price peaked at $X per unit in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per unit), while the average price for exports to the United Arab Emirates ($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 the UK (+5.8%), while the prices for the other major destinations experienced more modest paces of growth.

Microphone Imports

Imports into China

In 2022, overseas purchases of microphones and their stands increased by 8% to X units, rising for the second consecutive year after six years of decline. In general, imports, however, faced a abrupt curtailment. The most prominent rate of growth was recorded in 2013 with an increase of 25%. Over the period under review, imports hit record highs at X units in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, microphone imports surged to $X in 2022. Overall, total imports indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +7.2% 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 +103.6% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Denmark (X units) constituted the largest supplier of microphone to China, accounting for a 13% share of total imports. Moreover, microphone imports from Denmark exceeded the figures recorded by the second-largest supplier, Mexico (X units), threefold. The third position in this ranking was taken by Germany (X units), with a 3.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Denmark amounted to -2.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+1.8% per year) and Germany (-12.8% per year).

In value terms, Malaysia ($X) constituted the largest supplier of microphones and their stands to China, comprising 14% of total imports. The second position in the ranking was held by Germany ($X), with a 4.1% share of total imports. It was followed by Vietnam, with a 3.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Malaysia amounted to -3.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+8.9% per year) and Vietnam (+15.4% per year).

Import Prices by Country

The average microphone import price stood at $X per unit in 2022, increasing by 75% against the previous year. In general, the import price continues to indicate significant growth. The most prominent rate of growth was recorded in 2020 an increase of 290% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to see gradual growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+53.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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