Philippines: Microphone Market 2025

Microphone Market Size in the Philippines

The Philippine microphone market declined significantly to $X in 2022, with a decrease of -15.8% against the previous year. In general, consumption, however, recorded a remarkable increase. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market remained at a somewhat lower figure.

Microphone Production in the Philippines

In value terms, microphone production contracted slightly to $X in 2022 estimated in export price. In general, production, however, saw a significant increase. The growth pace was the most rapid in 2019 when the production volume increased by 36%. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

Microphone Exports

Exports from the Philippines

In 2022, shipments abroad of microphones and their stands increased by 11% to X units, rising for the second consecutive year after three years of decline. Over the period under review, exports, however, saw a deep setback. The most prominent rate of growth was recorded in 2021 with an increase of 1,448% against the previous year. Over the period under review, the exports hit record highs at X units in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, microphone exports shrank to $X in 2022. In general, exports showed a resilient increase. The most prominent rate of growth was recorded in 2021 when exports increased by 1,912%. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

China (X units), Japan (X units) and the United States (X units) were the main destinations of microphone exports from the Philippines, together accounting for 66% of total exports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +129.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Japan ($X) and the United States ($X) were the largest markets for microphone exported from the Philippines worldwide, with a combined 66% share of total exports.

China, with a CAGR of +132.1%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average microphone export price amounted to $X per unit, reducing by -13.9% against the previous year. Over the period under review, the export price, however, showed resilient growth. The growth pace was the most rapid in 2018 when the average export price increased by 111%. The export price peaked at $X per unit in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Romania ($X per unit) and Japan ($X per unit), while the average price for exports to Singapore ($X per unit) and Italy ($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 Belgium (+30.4%), while the prices for the other major destinations experienced more modest paces of growth.

Microphone Imports

Imports into the Philippines

In 2022, overseas purchases of microphones and their stands decreased by -14.1% to X units, falling for the fifth consecutive year after six years of growth. Over the period under review, imports showed a abrupt decrease. The pace of growth appeared the most rapid in 2013 when imports increased by 54%. Imports peaked at X units in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, microphone imports contracted modestly to $X in 2022. In general, imports, however, continue to indicate a buoyant expansion. The growth pace was the most rapid in 2017 when imports increased by 100% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then fell in the following year.

Imports by Country

China (X units), Malaysia (X units) and Japan (X units) were the main suppliers of microphone imports to the Philippines, with a combined 76% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Malaysia (with a CAGR of +66.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Malaysia ($X) and Japan ($X) constituted the largest microphone suppliers to the Philippines, together accounting for 76% of total imports.

In terms of the main suppliers, Malaysia, with a CAGR of +95.5%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average microphone import price stood at $X per unit in 2022, picking up by 14% against the previous year. Over the period under review, the import price continues to indicate a significant expansion. The growth pace was the most rapid in 2018 when the average import price increased by 1,448%. Over the period under review, average import prices reached the maximum in 2022 and is likely to see steady growth in the near future.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Vietnam ($X per unit) and Japan ($X per unit), while the price for 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 attained by China (+54.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :