World - Microphones And Their Stands - Market Analysis, Forecast, Size, Trends And Insights
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The article discusses the projected growth of the global microphone market, with an expected increase in consumption and market value. Malaysia emerges as a key player in both consumption and production of microphones. The data reveals significant fluctuations in global microphone imports and exports, with China, Hong Kong SAR, and the United States leading the way. Overall, the market is forecasted to see steady growth in the coming years.
Market Forecast
Driven by increasing demand for microphones and their stands worldwide, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +4.0% for the period from 2022 to 2030, which is projected to bring the market volume to 9.6B units by the end of 2030.
In value terms, the market is forecast to increase with an anticipated CAGR of +4.2% for the period from 2022 to 2030, which is projected to bring the market value to $28.7B (in nominal prices) by the end of 2030.
Consumption
World Consumption of Microphones And Their Stands
Global microphone consumption contracted rapidly to 7B units in 2022, waning by -24.6% compared with the year before. Overall, consumption, however, continues to indicate a strong increase. As a result, consumption attained the peak volume of 9.3B units, and then dropped sharply in the following year.
The global microphone market value dropped sharply to $20.8B in 2022, with a decrease of -24.4% 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). Over the period under review, consumption, however, showed a resilient expansion. As a result, consumption reached the peak level of $27.5B, and then contracted sharply in the following year.
Consumption By Country
Malaysia (4.8B units) constituted the country with the largest volume of microphone consumption, comprising approx. 69% of total volume. Moreover, microphone consumption in Malaysia exceeded the figures recorded by the second-largest consumer, China (943M units), fivefold.
From 2012 to 2022, the average annual growth rate of volume in Malaysia amounted to +24.4%. The remaining consuming countries recorded the following average annual rates of consumption growth: China (+1.5% per year) and Hong Kong SAR (+2.7% per year).
In value terms, Malaysia ($10.6B) led the market, alone. The second position in the ranking was taken by China ($585M).
From 2012 to 2022, the average annual growth rate of value in Malaysia totaled +21.6%. The remaining consuming countries recorded the following average annual rates of market growth: China (+2.0% per year) and Hong Kong SAR (-3.6% per year).
The countries with the highest levels of microphone per capita consumption in 2022 were Malaysia (145 units per person), Hong Kong SAR (110 units per person) and China (0.7 units per person).
From 2012 to 2022, the biggest increases were recorded for Malaysia (with a CAGR of +22.7%), while consumption for the other global leaders experienced more modest paces of growth.
Production
World Production of Microphones And Their Stands
Global microphone production shrank sharply to 7.8B units in 2022, waning by -32.5% on 2021 figures. Overall, production, however, saw strong growth. The most prominent rate of growth was recorded in 2021 when the production volume increased by 323% against the previous year. As a result, production attained the peak volume of 12B units, and then reduced notably in the following year.
In value terms, microphone production declined remarkably to $22.1B in 2022 estimated in export price. In general, production continues to indicate a mild downturn. The growth pace was the most rapid in 2018 when the production volume increased by 622% against the previous year. Global production peaked at $32.8B in 2021, and then reduced dramatically in the following year.
Production By Country
Malaysia (5.3B units) remains the largest microphone producing country worldwide, comprising approx. 68% of total volume. Moreover, microphone production in Malaysia exceeded the figures recorded by the second-largest producer, Hong Kong SAR (1.7B units), threefold.
In Malaysia, microphone production expanded at an average annual rate of +25.2% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Hong Kong SAR (+5.7% per year) and China (-8.5% per year).
Imports
World Imports of Microphones And Their Stands
In 2022, after two years of growth, there was significant decline in supplies from abroad of microphones and their stands, when their volume decreased by -20.1% to 2.6B units. Over the period under review, imports, however, posted a buoyant increase. The most prominent rate of growth was recorded in 2013 with an increase of 51% against the previous year. Over the period under review, global imports reached the peak figure at 3.3B units in 2021, and then shrank markedly in the following year.
In value terms, microphone imports shrank notably to $3.9B in 2022. In general, total imports indicated a buoyant increase 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 +88.0% against 2012 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 23%. As a result, imports reached the peak of $4.7B, and then fell dramatically in the following year.
Imports By Country
In 2022, China (827M units), Hong Kong SAR (700M units) and Malaysia (662M units) was the largest importer of microphones and their stands in the world, making up 83% of total import. The following importers - India (84M units), the United States (60M units), South Korea (53M units) and Thailand (44M units) - together made up 9.2% of total imports.
From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Malaysia (with a CAGR of +36.7%), while imports for the other global leaders experienced more modest paces of growth.
In value terms, China ($580M), the United States ($504M) and Hong Kong SAR ($308M) appeared to be the countries with the highest levels of imports in 2022, together comprising 36% of global imports. Malaysia, India, South Korea and Thailand lagged somewhat behind, together accounting for a further 11%.
Among the main importing countries, Malaysia, with a CAGR of +25.9%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.
Import Prices By Country
In 2022, the average microphone import price amounted to $1.5 per unit, with an increase of 3.4% against the previous year. In general, the import price, however, recorded a abrupt downturn. The growth pace was the most rapid in 2021 an increase of 22%. Over the period under review, average import prices hit record highs at $2.5 per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the United States ($8.3 per unit), while Malaysia ($0.3 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+0.9%), while the other global leaders experienced a decline in the import price figures.
Exports
World Exports of Microphones And Their Stands
In 2022, global microphone exports shrank markedly to 3.5B units, dropping by -38.2% compared with 2021. Over the period under review, exports, however, saw a tangible increase. The most prominent rate of growth was recorded in 2018 when exports increased by 53% against the previous year. The global exports peaked at 5.6B units in 2021, and then reduced rapidly in the following year.
In value terms, microphone exports declined to $4.2B in 2022. Overall, total exports indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +5.8% 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 +63.8% against 2016 indices. The pace of growth appeared the most rapid in 2018 with an increase of 20%. The global exports peaked at $4.9B in 2021, and then shrank in the following year.
Exports By Country
Hong Kong SAR (1.5B units) and Malaysia (1.1B units) represented roughly 77% of total exports in 2022. It was distantly followed by China (701M units), committing a 20% share of total exports.
From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Malaysia (with a CAGR of +38.3%), while the other global leaders experienced mixed trends in the exports figures.
In value terms, China ($1.6B) remains the largest microphone supplier worldwide, comprising 37% of global exports. The second position in the ranking was taken by Malaysia ($427M), with a 10% share of global exports.
From 2012 to 2022, the average annual growth rate of value in China totaled +5.8%. The remaining exporting countries recorded the following average annual rates of exports growth: Malaysia (+9.0% per year) and Hong Kong SAR (+5.3% per year).
Export Prices By Country
The average microphone export price stood at $1.2 per unit in 2022, rising by 38% against the previous year. In general, export price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, microphone export price increased by +48.2% against 2019 indices. The global export price peaked at $1.3 per unit in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was China ($2.2 per unit), while Hong Kong SAR ($0.3 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+15.1%), while the other global leaders experienced a decline in the export price figures.
This report provides an in-depth analysis of the global microphone market. 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:
Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:
- USA
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
+ the largest producing countries
Data coverage:
- Global market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Global production, split by region and country
- Global trade (exports and imports)
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
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LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, 2012–2023
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