Hong Kong SAR, China: Microphone Market 2025

Microphone Market Size in Hong Kong SAR, China

The Hong Kong microphone market skyrocketed to $X in 2022, picking up by 15% against the previous year. Overall, consumption enjoyed strong growth. Microphone consumption peaked in 2022 and is likely to continue growth in years to come.

Microphone Production in Hong Kong SAR, China

In value terms, microphone production stood at less than $X in 2022 estimated in export price. Overall, production showed a relatively flat trend pattern.

Microphone Exports

Exports from Hong Kong SAR, China

In 2022, overseas shipments of microphones and their stands decreased by -11.5% to X units for the first time since 2019, thus ending a two-year rising trend. The total export volume increased at an average annual rate of +1.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 with an increase of 26%. The exports peaked at X units in 2021, and then contracted in the following year.

In value terms, microphone exports declined notably to $X in 2022. Over the period under review, exports, however, posted a resilient expansion. The most prominent rate of growth was recorded in 2017 with an increase of 37%. The exports peaked at $X in 2021, and then contracted significantly in the following year.

Exports by Country

China (X units) was the main destination for microphone exports from Hong Kong SAR, with a 67% share of total exports. Moreover, microphone exports to China exceeded the volume sent to the second major destination, Vietnam (X units), tenfold. The third position in this ranking was held by the United States (X units), with a 5.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to China was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (+37.5% per year) and the United States (+0.2% per year).

In value terms, China ($X) remains the key foreign market for microphones and their stands exports from Hong Kong SAR, comprising 67% of total exports. The second position in the ranking was taken by Vietnam ($X), with a 6.7% share of total exports. It was followed by the United States, with a 5.3% share.

From 2012 to 2022, the average annual growth rate of value to China stood at +4.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (+42.9% per year) and the United States (+4.1% per year).

Export Prices by Country

The average microphone export price stood at $X per unit in 2022, which is down by -14.1% against the previous year. Over the period under review, export price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, microphone export price decreased by -27.7% against 2019 indices. The pace of growth appeared the most rapid in 2019 when the average export price increased by 20% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2020 to 2022, the average export prices failed to regain momentum.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Vietnam ($X per unit) and Japan ($X per unit), while the average price for exports to Singapore ($X per unit) and Taiwan (Chinese) ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+4.0%), while the prices for the other major destinations experienced more modest paces of growth.

Microphone Imports

Imports into Hong Kong SAR, China

After two years of growth, purchases abroad of microphones and their stands decreased by -49.7% to X units in 2022. In general, imports saw a noticeable setback. The most prominent rate of growth was recorded in 2018 with an increase of 22%. Imports peaked at X units in 2021, and then shrank sharply in the following year.

In value terms, microphone imports declined rapidly to $X in 2022. Over the period under review, total imports indicated slight growth from 2012 to 2022: its value increased at an average annual rate of +1.5% 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 with an increase of 25% against the previous year. As a result, imports attained the peak of $X, and then dropped markedly in the following year.

Imports by Country

China (X units), Malaysia (X units) and Taiwan (Chinese) (X units) were the main suppliers of microphone imports to Hong Kong SAR, with a combined 90% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Malaysia (with a CAGR of +6.9%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest microphone suppliers to Hong Kong SAR were China ($X), Malaysia ($X) and Taiwan (Chinese) ($X), with a combined 90% share of total imports.

Malaysia, with a CAGR of +12.2%, 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 mixed trend patterns.

Import Prices by Country

The average microphone import price stood at $X per unit in 2022, picking up by 13% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +5.0%. The growth pace was the most rapid in 2021 when the average import price increased by 14% against the previous year. Over the period under review, average import prices attained the peak figure in 2022 and is likely to see steady growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the United States ($X per unit) and Malaysia ($X per unit), while the price for Taiwan (Chinese) ($X per unit) and China ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+5.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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