Sri Lanka: Microphone Market 2025

Microphone Market Size in Sri Lanka

The Sri Lankan microphone market contracted notably to $X in 2022, falling by -70.7% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption recorded a abrupt decline. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Microphone Exports

Exports from Sri Lanka

In 2022, the amount of microphones and their stands exported from Sri Lanka soared to X units, growing by 291% against 2021 figures. Overall, exports, however, faced a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 311% against the previous year. Over the period under review, the exports hit record highs at X units in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, microphone exports surged to $X in 2022. Over the period under review, exports, however, recorded a abrupt setback. The pace of growth was the most pronounced in 2021 when exports increased by 1,327% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Zimbabwe (X units) was the main destination for microphone exports from Sri Lanka, accounting for a 74% share of total exports. Moreover, microphone exports to Zimbabwe exceeded the volume sent to the second major destination, Maldives (X units), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Zimbabwe was relatively modest.

In value terms, Zimbabwe ($X) emerged as the key foreign market for microphones and their stands exports from Sri Lanka, comprising 74% of total exports. The second position in the ranking was held by Maldives ($X), with a 23% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Zimbabwe was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Maldives (+13.0% per year) and Australia (-56.5% per year).

Export Prices by Country

The average microphone export price stood at $X per unit in 2022, reducing by -42.1% against the previous year. In general, the export price, however, posted notable growth. The growth pace was the most rapid in 2021 an increase of 246%. As a result, the export price reached the peak level of $X per unit, and then contracted significantly in the following year.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Australia ($X per unit), while the average price for exports to Maldives ($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 Ethiopia (+13.1%), while the prices for the other major destinations experienced more modest paces of growth.

Microphone Imports

Imports into Sri Lanka

In 2022, approx. X units of microphones and their stands were imported into Sri Lanka; falling by -67% against the previous year's figure. Over the period under review, imports recorded a abrupt shrinkage. The growth pace was the most rapid in 2013 with an increase of 137%. As a result, imports attained the peak of X units. From 2014 to 2022, the growth of imports remained at a lower figure.

In value terms, microphone imports shrank significantly to $X in 2022. Overall, imports continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2013 when imports increased by 125% against the previous year. Over the period under review, imports attained the maximum at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest microphone supplier to Sri Lanka, with a 51% share of total imports. Moreover, microphone imports from China exceeded the figures recorded by the second-largest supplier, India (X units), twofold. The third position in this ranking was taken by Germany (X units), with a 6.9% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to -1.3%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-12.2% per year) and Germany (-10.9% per year).

In value terms, China ($X) constituted the largest supplier of microphones and their stands to Sri Lanka, comprising 51% of total imports. The second position in the ranking was held by India ($X), with a 24% share of total imports. It was followed by Germany, with a 6.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled -2.3%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-6.0% per year) and Germany (-7.0% per year).

Import Prices by Country

In 2022, the average microphone import price amounted to $X per unit, rising by 12% against the previous year. Overall, import price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, microphone import price increased by +24.8% against 2019 indices. The most prominent rate of growth was recorded in 2016 an increase of 39%. Over the period under review, average import prices attained the peak figure at $X per unit in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+7.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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