Report Update Nov 1, 2024

Venezuela - Microphones and Their Stands - Market Analysis, Forecast, Size, Trends and Insights

Single report

Sent by email within 24h (Mon-Fri)

$599 Basic Edition

$2095 Professional Edition

What's the difference?

Subscription

Online access and download

from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing

Venezuela: Microphone Market 2024

Microphone Market Size in Venezuela

The Venezuelan microphone market shrank to $X in 2022, which is down by -1.7% 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). In general, consumption showed a precipitous setback. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Microphone Exports

Exports from Venezuela

In 2022, shipments abroad of microphones and their stands was finally on the rise to reach X units for the first time since 2018, thus ending a three-year declining trend. Over the period under review, exports, however, saw a sharp shrinkage. The pace of growth was the most pronounced in 2016 when exports increased by 670% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, microphone exports surged to $X in 2022. In general, exports, however, faced a sharp reduction. The pace of growth was the most pronounced in 2016 with an increase of 771%. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Spain (X units) was the main destination for microphone exports from Venezuela, with a approx. 50% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Spain stood at +27.0%.

In value terms, Spain ($X) emerged as the key foreign market for microphones and their stands exports from Venezuela.

From 2012 to 2022, the average annual rate of growth in terms of value to Spain stood at +14.9%.

Export Prices by Country

The average microphone export price stood at $X per unit in 2022, shrinking by -59.6% against the previous year. In general, the export price, however, recorded prominent growth. The most prominent rate of growth was recorded in 2021 an increase of 156% against the previous year. As a result, the export price reached the peak level of $X per unit, and then contracted significantly in the following year.

As there is only one major export destination, the average price level is determined by prices for Spain.

From 2012 to 2022, the rate of growth in terms of prices for Thailand amounted to +134.2% per year.

Microphone Imports

Imports into Venezuela

In 2022, microphone imports into Venezuela dropped slightly to X units, waning by -4.5% on 2021 figures. In general, imports recorded a significant curtailment. The pace of growth was the most pronounced in 2019 with an increase of 399% against the previous year. Imports peaked at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, microphone imports reached $X in 2022. Overall, imports faced a dramatic slump. The most prominent rate of growth was recorded in 2019 when imports increased by 332%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest microphone supplier to Venezuela, with a 53% share of total imports. Moreover, microphone imports from China exceeded the figures recorded by the second-largest supplier, Italy (X units), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at -26.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-15.7% per year) and the United States (-41.2% per year).

In value terms, China ($X) constituted the largest supplier of microphones and their stands to Venezuela, comprising 60% of total imports. The second position in the ranking was held by the United States ($X), with a 26% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at -23.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-36.0% per year) and Italy (-13.1% per year).

Import Prices by Country

In 2022, the average microphone import price amounted to $X per unit, with an increase of 12% against the previous year. In general, the import price continues to indicate a resilient expansion. The most prominent rate of growth was recorded in 2014 when the average import price increased by 154%. Over the period under review, average import prices hit record highs at $X per unit in 2018; however, from 2019 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 the United States ($X per unit), while the price for Italy ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+55.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for microphones and their stands in the world?

China constituted the country with the largest volume of microphone consumption, comprising approx. 25% of total volume. Moreover, microphone consumption in China exceeded the figures recorded by the second-largest consumer, Malaysia, threefold. The third position in this ranking was occupied by Indonesia, with a 6.4% share.

What are the largest producers of microphones and their stands in the world?

The country with the largest volume of microphone production was China, accounting for 57% of total volume. Moreover, microphone production in China exceeded the figures recorded by the second-largest producer, Malaysia, sixfold. The United States ranked third in terms of total production with an 8.5% share.

What are the leading suppliers of microphones and their stands to Venezuela?

In value terms, the United States constituted the largest supplier of microphone to Venezuela, comprising 82% of total imports. The second position in the ranking was occupied by Germany, with an 18% share of total imports.

What is the average export price for microphones and their stands in Venezuela?

The average microphone export price stood at $4.4 per unit in 2021, with a decrease of -91.4% against the previous year.

What is the average import price for microphones and their stands in Venezuela?

The average microphone import price stood at $0.1 per unit in 2021, reducing by -10.6% against the previous year.

This report provides an in-depth analysis of the microphone market in Venezuela. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 26404100 - Microphones and their stands (excluding cordless microphones with a transmitter)

Country coverage:

Venezuela

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Venezuela
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023