U.S.: Microphone Market 2024

Microphone Market Size in the U.S.

The U.S. microphone market declined rapidly to $X in 2022, shrinking by -18.5% against the previous year. 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 +4.5% 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 +62.3% against 2020 indices. As a result, consumption reached the peak level of $X, and then fell rapidly in the following year.

Microphone Production in the U.S.

In value terms, microphone production reduced remarkably to $X in 2022. Over the period under review, production showed a abrupt descent. The most prominent rate of growth was recorded in 2017 when the production volume increased by 40%. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Microphone Exports

Exports from the U.S.

In 2022, shipments abroad of microphones and their stands increased by 30% to X units, rising for the third year in a row after six years of decline. In general, total exports indicated a moderate increase from 2012 to 2022: its volume increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +97.6% against 2019 indices. The pace of growth was the most pronounced in 2020 when exports increased by 31%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, microphone exports dropped slightly to $X in 2022. The total export value increased at an average annual rate of +1.2% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The growth pace was the most rapid in 2018 with an increase of 8.9% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Mexico (X units) was the main destination for microphone exports from the United States, with a 53% share of total exports. Moreover, microphone exports to Mexico exceeded the volume sent to the second major destination, Canada (X units), threefold. The third position in this ranking was taken by Germany (X units), with a 4.8% share.

From 2012 to 2022, the average annual growth rate of volume to Mexico totaled +14.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+3.7% per year) and Germany (-6.6% per year).

In value terms, the largest markets for microphone exported from the United States were Canada ($X), Mexico ($X) and China ($X), together comprising 55% of total exports. Germany, Belgium, Brazil, Australia, the UK, South Korea, Japan, Singapore and Hong Kong SAR lagged somewhat behind, together accounting for a further 22%.

Among the main countries of destination, Belgium, with a CAGR of +18.5%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average microphone export price stood at $X per unit in 2022, reducing by -23.7% against the previous year. In general, the export price continues to indicate a noticeable reduction. The most prominent rate of growth was recorded in 2015 when the average export price increased by 18% against the previous year. The export price peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Australia ($X per unit), while the average price for exports to Mexico ($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 Australia (+23.0%), while the prices for the other major destinations experienced more modest paces of growth.

Microphone Imports

Imports into the U.S.

In 2022, the amount of microphones and their stands imported into the United States rose significantly to X units, picking up by 14% against the previous year's figure. Overall, imports recorded a strong increase. The most prominent rate of growth was recorded in 2021 with an increase of 78%. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, microphone imports fell rapidly to $X in 2022. In general, total imports indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of +4.7% 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 +58.1% against 2012 indices. The pace of growth appeared the most rapid in 2021 with an increase of 34% against the previous year. As a result, imports reached the peak of $X, and then fell sharply in the following year.

Imports by Country

In 2022, China (X units) constituted the largest supplier of microphone to the United States, accounting for a 72% share of total imports. Moreover, microphone imports from China exceeded the figures recorded by the second-largest supplier, Mexico (X units), sixfold. The third position in this ranking was held by Vietnam (X units), with a 3.1% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +22.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+10.4% per year) and Vietnam (+38.8% per year).

In value terms, China ($X) constituted the largest supplier of microphones and their stands to the United States, comprising 42% of total imports. The second position in the ranking was taken by Mexico ($X), with a 17% share of total imports. It was followed by Australia, with a 9.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +7.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+5.6% per year) and Australia (+24.1% per year).

Import Prices by Country

In 2022, the average microphone import price amounted to $X per unit, falling by -29.7% against the previous year. In general, the import price showed a abrupt decline. The growth pace was the most rapid in 2014 an increase of 6.9%. The import price peaked at $X per unit in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

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 Denmark ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Denmark (+14.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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