Slovakia: Microphone Market 2024

Microphone Market Size in Slovakia

The Slovak microphone market soared to $X in 2022, picking up by 79% against the previous year. Overall, consumption continues to indicate a buoyant expansion. Over the period under review, the market reached the peak level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Microphone Production in Slovakia

In value terms, microphone production soared to $X in 2022 estimated in export price. Over the period under review, production recorded a prominent expansion. The growth pace was the most rapid in 2016 with an increase of 96% against the previous year. Microphone production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Microphone Exports

Exports from Slovakia

In 2022, overseas shipments of microphones and their stands decreased by -47.5% to X units for the first time since 2019, thus ending a two-year rising trend. In general, exports, however, continue to indicate a strong expansion. The pace of growth appeared the most rapid in 2014 with an increase of 69% against the previous year. The exports peaked at X units in 2021, and then dropped notably in the following year.

In value terms, microphone exports dropped sharply to $X in 2022. Overall, exports, however, saw a buoyant expansion. The pace of growth was the most pronounced in 2017 with an increase of 93%. The exports peaked at $X in 2021, and then fell dramatically in the following year.

Exports by Country

The Czech Republic (X units), Poland (X units) and Hungary (X units) were the main destinations of microphone exports from Slovakia, with a combined 75% share of total exports. China, Romania and the United States lagged somewhat behind, together comprising a further 14%.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +139.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the Czech Republic ($X) remains the key foreign market for microphones and their stands exports from Slovakia, comprising 40% of total exports. The second position in the ranking was taken by China ($X), with a 13% share of total exports. It was followed by the United States, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the Czech Republic totaled +28.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+199.2% per year) and the United States (+7.5% per year).

Export Prices by Country

In 2022, the average microphone export price amounted to $X per unit, growing by 39% against the previous year. In general, export price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of +2.6% 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 increased by +58.4% against 2020 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Poland ($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 China (+24.8%), while the prices for the other major destinations experienced more modest paces of growth.

Microphone Imports

Imports into Slovakia

In 2022, overseas purchases of microphones and their stands decreased by -17.3% to X units, falling for the third year in a row after four years of growth. In general, imports, however, saw a resilient increase. The growth pace was the most rapid in 2013 with an increase of 125% against the previous year. Imports peaked at X units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, microphone imports declined sharply to $X in 2022. Over the period under review, imports, however, continue to indicate prominent growth. The pace of growth was the most pronounced in 2013 with an increase of 45%. Over the period under review, imports reached the peak figure at $X in 2021, and then declined sharply in the following year.

Imports by Country

In 2022, China (X units) constituted the largest microphone supplier to Slovakia, accounting for a 42% share of total imports. Moreover, microphone imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X units), threefold. Germany (X units) ranked third in terms of total imports with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +7.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+61.3% per year) and Germany (+7.1% per year).

In value terms, China ($X), Germany ($X) and Taiwan (Chinese) ($X) appeared to be the largest microphone suppliers to Slovakia, together accounting for 65% of total imports. Belgium, Hungary, the United States, the Czech Republic, Italy, the Netherlands, Poland, Indonesia and South Korea lagged somewhat behind, together accounting for a further 26%.

Belgium, with a CAGR of +278.0%, saw the highest growth rate of the value of imports, among the main suppliers 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, waning by -13.8% against the previous year. In general, the import price continues to indicate a pronounced decline. The growth pace was the most rapid in 2020 an increase of 59%. Over the period under review, average import prices reached the maximum at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+17.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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