Turkey: Microphone Market 2024

Microphone Market Size in Turkey

In 2022, the Turkish microphone market decreased by -0.2% to $X for the first time since 2019, thus ending a two-year rising trend. Over the period under review, the total consumption indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +12.5% against 2019 indices. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Microphone Exports

Exports from Turkey

For the fifth consecutive year, Turkey recorded growth in shipments abroad of microphones and their stands, which increased by 65% to X units in 2022. Overall, exports posted a notable increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, microphone exports surged to $X in 2022. In general, exports showed a strong expansion. The most prominent rate of growth was recorded in 2015 with an increase of 165%. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

Russia (X units) was the main destination for microphone exports from Turkey, with a 21% share of total exports. Moreover, microphone exports to Russia exceeded the volume sent to the second major destination, Algeria (X units), threefold. The third position in this ranking was taken by Albania (X units), with a 6.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Russia stood at -3.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Algeria (+67.7% per year) and Albania (+4.3% per year).

In value terms, Russia ($X) emerged as the key foreign market for microphones and their stands exports from Turkey, comprising 34% of total exports. The second position in the ranking was taken by Kazakhstan ($X), with a 13% share of total exports. It was followed by Georgia, with a 5.3% share.

From 2012 to 2022, the average annual growth rate of value to Russia amounted to +13.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kazakhstan (+55.8% per year) and Georgia (+20.7% per year).

Export Prices by Country

In 2022, the average microphone export price amounted to $X per unit, approximately equating the previous year. In general, the export price, however, continues to indicate a prominent increase. The pace of growth appeared the most rapid in 2013 an increase of 78%. The export price peaked at $X per unit in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Kazakhstan ($X per unit), while the average price for exports to Albania ($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 Russia (+17.7%), while the prices for the other major destinations experienced more modest paces of growth.

Microphone Imports

Imports into Turkey

In 2022, after two years of growth, there was significant decline in purchases abroad of microphones and their stands, when their volume decreased by -8.2% to X units. In general, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 when imports increased by 38% against the previous year. Imports peaked at X units in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, microphone imports expanded rapidly to $X in 2022. Overall, total imports indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +6.5% 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 +21.0% against 2019 indices. The pace of growth appeared the most rapid in 2013 with an increase of 34%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in years to come.

Imports by Country

In 2022, China (X units) constituted the largest microphone supplier to Turkey, with a 70% share of total imports. Moreover, microphone imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), more than tenfold. South Korea (X units) ranked third in terms of total imports with a 5.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +2.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+17.6% per year) and South Korea (+20.0% per year).

In value terms, China ($X) constituted the largest supplier of microphones and their stands to Turkey, comprising 45% of total imports. The second position in the ranking was held by Hungary ($X), with a 10% share of total imports. It was followed by Germany, with a 9.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +11.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Hungary (+23.7% per year) and Germany (-2.0% per year).

Import Prices by Country

In 2022, the average microphone import price amounted to $X per unit, with an increase of 22% against the previous year. In general, import price indicated a resilient expansion from 2012 to 2022: its price increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2019 when the average import price increased by 75% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Czech Republic ($X per unit), while the price for South Korea ($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 Czech Republic (+42.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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