Hungary: Microphone Market 2024

Microphone Market Size in Hungary

In 2022, the Hungarian microphone market decreased by -47.3% to $X for the first time since 2019, thus ending a two-year rising trend. Overall, consumption, however, showed a remarkable increase. Over the period under review, the market attained the maximum level at $X in 2021, and then shrank dramatically in the following year.

Microphone Production in Hungary

In value terms, microphone production reduced to $X in 2022 estimated in export price. Overall, production, however, posted buoyant growth. The pace of growth was the most pronounced in 2017 with an increase of 48% against the previous year. Microphone production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Microphone Exports

Exports from Hungary

In 2022, overseas shipments of microphones and their stands increased by 5.5% to X units, rising for the second year in a row after two years of decline. Overall, exports continue to indicate a significant increase. The growth pace was the most rapid in 2013 when exports increased by 130% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, microphone exports dropped to $X in 2022. In general, exports recorded strong growth. The pace of growth was the most pronounced in 2013 when exports increased by 155%. The exports peaked at $X in 2021, and then reduced in the following year.

Exports by Country

Sweden (X units), Belgium (X units) and Germany (X units) were the main destinations of microphone exports from Hungary, together accounting for 53% 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 Sweden (with a CAGR of +241.3%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for microphone exported from Hungary were Romania ($X), Sweden ($X) and Germany ($X), with a combined 39% share of total exports.

Among the main countries of destination, Sweden, with a CAGR of +249.3%, recorded 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, which is down by -16.5% against the previous year. Over the period under review, the export price showed a perceptible slump. The most prominent rate of growth was recorded in 2014 when the average export price increased by 59%. Over the period under review, the average export prices attained the maximum at $X per unit in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per unit), while the average price for exports to Poland ($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 Slovakia (+16.4%), while the prices for the other major destinations experienced more modest paces of growth.

Microphone Imports

Imports into Hungary

After four years of growth, purchases abroad of microphones and their stands decreased by -33.6% to X units in 2022. In general, imports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2019 when imports increased by 94% against the previous year. Imports peaked at X units in 2021, and then fell dramatically in the following year.

In value terms, microphone imports contracted significantly to $X in 2022. Overall, imports, however, enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2019 when imports increased by 81%. Imports peaked at $X in 2021, and then dropped remarkably in the following year.

Imports by Country

In 2022, China (X units) constituted the largest supplier of microphone to Hungary, with a 85% share of total imports. Moreover, microphone imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), more than tenfold. The third position in this ranking was held by the Czech Republic (X units), with a 2.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +21.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+20.5% per year) and the Czech Republic (+70.4% per year).

In value terms, China ($X) constituted the largest supplier of microphones and their stands to Hungary, comprising 75% of total imports. The second position in the ranking was taken by Germany ($X), with a 10% share of total imports. It was followed by the Netherlands, with a 3.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +18.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+14.1% per year) and the Netherlands (+22.1% per year).

Import Prices by Country

In 2022, the average microphone import price amounted to $X per unit, growing by 12% against the previous year. Over the period under review, the import price, however, showed a noticeable reduction. The growth pace was the most rapid in 2013 when the average import price increased by 74% against the previous year. The import price peaked at $X per unit in 2014; however, from 2015 to 2022, import prices remained at a 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 Netherlands ($X per unit), while the price for the Czech Republic ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+13.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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