Ireland: Microphone Market 2024

Microphone Market Size in Ireland

After four years of growth, the Irish microphone market decreased by -7.9% to $X in 2022. Over the period under review, consumption, however, enjoyed a prominent expansion. As a result, consumption attained the peak level of $X, and then dropped in the following year.

Microphone Exports

Exports from Ireland

In 2022, overseas shipments of microphones and their stands were finally on the rise to reach X units after two years of decline. Over the period under review, exports posted a measured increase. The growth pace was the most rapid in 2017 when exports increased by 246% against the previous year. As a result, the exports reached the peak of X units. From 2018 to 2022, the growth of the exports remained at a lower figure.

In value terms, microphone exports plummeted to $X in 2022. In general, exports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when exports increased by 92% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The UK (X units) was the main destination for microphone exports from Ireland, with a 71% share of total exports. Moreover, microphone exports to the UK exceeded the volume sent to the second major destination, the United States (X units), more than tenfold. Germany (X units) ranked third in terms of total exports with a 4.5% share.

From 2012 to 2022, the average annual growth rate of volume to the UK amounted to +24.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+13.1% per year) and Germany (-1.8% per year).

In value terms, the UK ($X) emerged as the key foreign market for microphones and their stands exports from Ireland, comprising 47% of total exports. The second position in the ranking was taken by the United States ($X), with a 4.3% share of total exports. It was followed by Germany, with a 4.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the UK stood at +11.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+8.3% per year) and Germany (-5.5% per year).

Export Prices by Country

The average microphone export price stood at $X per unit in 2022, waning by -19.8% against the previous year. Overall, the export price showed a noticeable descent. The pace of growth was the most pronounced in 2018 an increase of 162%. Over the period under review, the average export prices attained the maximum at $X per unit in 2012; however, from 2013 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 Germany ($X per unit), while the average price for exports to Italy ($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 Switzerland (-0.8%), while the prices for the other major destinations experienced a decline.

Microphone Imports

Imports into Ireland

After three years of growth, overseas purchases of microphones and their stands decreased by -15.3% to X units in 2022. In general, total imports indicated a slight expansion from 2012 to 2022: its volume increased at an average annual rate of +1.9% 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 +114.3% against 2018 indices. The most prominent rate of growth was recorded in 2019 with an increase of 62%. Imports peaked at X units in 2021, and then shrank notably in the following year.

In value terms, microphone imports fell modestly to $X in 2022. Over the period under review, imports, however, showed a strong expansion. The growth pace was the most rapid in 2021 with an increase of 61%. As a result, imports attained the peak of $X, and then declined in the following year.

Imports by Country

In 2022, China (X units) constituted the largest supplier of microphone to Ireland, with a 57% share of total imports. Moreover, microphone imports from China exceeded the figures recorded by the second-largest supplier, the UK (X units), fourfold. The third position in this ranking was held by Denmark (X units), with a 6.9% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +11.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (-11.3% per year) and Denmark (+35.8% per year).

In value terms, China ($X) constituted the largest supplier of microphones and their stands to Ireland, comprising 35% of total imports. The second position in the ranking was taken by the UK ($X), with a 17% share of total imports. It was followed by the United States, with a 9.4% share.

From 2012 to 2022, the average annual growth rate of value from China stood at +26.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (-1.6% per year) and the United States (+11.8% per year).

Import Prices by Country

The average microphone import price stood at $X per unit in 2022, surging by 16% against the previous year. Overall, the import price showed a strong expansion. The most prominent rate of growth was recorded in 2018 an increase of 42%. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in the immediate term.

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 ($X per unit), while the price for Hong Kong SAR ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+13.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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