Vietnam: Microphone Market 2025

Microphone Market Size in Vietnam

After two years of growth, the Vietnamese microphone market decreased by -12.3% to $X in 2022. In general, consumption enjoyed resilient growth. Over the period under review, the market reached the maximum level at $X in 2021, and then contracted in the following year.

Microphone Production in Vietnam

In value terms, microphone production shrank dramatically to $X in 2022 estimated in export price. Overall, production recorded a abrupt contraction. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Microphone Exports

Exports from Vietnam

In 2022, shipments abroad of microphones and their stands increased by 21% to X units for the first time since 2019, thus ending a two-year declining trend. Overall, exports showed a resilient expansion. The pace of growth was the most pronounced in 2015 with an increase of 331%. Over the period under review, the exports attained the maximum at X units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, microphone exports totaled $X in 2022. In general, exports recorded a strong increase. The growth pace was the most rapid in 2015 with an increase of 388% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

China (X units), the United States (X units) and Poland (X units) were the main destinations of microphone exports from Vietnam, with a combined 57% share of total exports. India, South Korea, Thailand, Qatar, Singapore, Japan, Mexico, the UK, Australia and Germany lagged somewhat behind, together accounting for a further 35%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by India (with a CAGR of +100.3%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X), the United States ($X) and Poland ($X) were the largest markets for microphone exported from Vietnam worldwide, together comprising 56% of total exports. Mexico, South Korea, India, Thailand, Singapore, the UK, Japan, Australia, Germany and Qatar lagged somewhat behind, together accounting for a further 34%.

Among the main countries of destination, Germany, with a CAGR of +103.9%, saw the highest growth rate of 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, which is down by -14.7% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average export price increased by 42%. Over the period under review, the average export prices attained the maximum at $X per unit in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Mexico ($X per unit), while the average price for exports to Qatar ($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 the UK (+25.0%), while the prices for the other major destinations experienced more modest paces of growth.

Microphone Imports

Imports into Vietnam

Microphone imports into Vietnam rose notably to X units in 2022, growing by 14% against 2021. In general, imports enjoyed a buoyant expansion. The pace of growth appeared the most rapid in 2014 when imports increased by 35% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, microphone imports reduced rapidly to $X in 2022. Over the period under review, imports posted buoyant growth. The pace of growth appeared the most rapid in 2021 with an increase of 44%. As a result, imports reached the peak of $X, and then shrank dramatically in the following year.

Imports by Country

In 2022, China (X units) constituted the largest supplier of microphone to Vietnam, accounting for a 70% share of total imports. Moreover, microphone imports from China exceeded the figures recorded by the second-largest supplier, Malaysia (X units), fivefold. South Korea (X units) ranked third in terms of total imports with a 6.8% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +15.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+9.4% per year) and South Korea (+7.3% per year).

In value terms, China ($X) constituted the largest supplier of microphones and their stands to Vietnam, comprising 59% of total imports. The second position in the ranking was held by Malaysia ($X), with a 20% share of total imports. It was followed by South Korea, with a 9.1% share.

From 2012 to 2022, the average annual growth rate of value from China totaled +13.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+14.0% per year) and South Korea (+12.3% per year).

Import Prices by Country

In 2022, the average microphone import price amounted to $X per unit, falling by -25.5% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of 30%. The import price peaked at $X per unit in 2021, and then reduced notably in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+13.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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