Canada - Microphones And Their Stands - Market Analysis, Forecast, Size, Trends And Insights
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View PricingMicrophone Price in Canada - 2023
Contents:
- Microphone Price in Canada (CIF) - 2023
- Microphone Price in Canada (FOB) - 2022
- Microphone Imports in Canada
- Microphone Exports in Canada
Microphone Price in Canada (CIF) - 2023
The average microphone import price stood at $24.3 per unit in September 2023, growing by 28% against the previous month. Over the period under review, the import price, however, continues to indicate a slight slump. The most prominent rate of growth was recorded in June 2023 when the average import price increased by 43% m-o-m. The import price peaked at $37.2 per unit in December 2022; however, from January 2023 to September 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Australia ($132 per unit), while the price for Mexico ($13.3 per unit) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by the United States (+8.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Microphone Price in Canada (FOB) - 2022
The average microphone export price stood at $27 per unit in 2022, declining by -14.5% against the previous year. In general, export price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of +3.6% 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 decreased by -17.2% against 2019 indices. The most prominent rate of growth was recorded in 2018 when the average export price increased by 17%. Over the period under review, the average export prices reached the peak figure at $33 per unit in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($27 per unit), while the average price for exports to Australia ($27 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 (+3.7%), while the prices for the other major destinations experienced more modest paces of growth.
Microphone Imports in Canada
In 2022, after three years of growth, there was significant decline in purchases abroad of microphones and their stands, when their volume decreased by -26.5% to 2.8M units. Overall, imports continue to indicate a pronounced descent. The most prominent rate of growth was recorded in 2021 with an increase of 18% against the previous year. As a result, imports attained the peak of 3.8M units, and then contracted sharply in the following year.
In value terms, microphone imports dropped markedly to $77M in 2022. The total import value increased at an average annual rate of +5.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 26%. As a result, imports attained the peak of $93M, and then shrank remarkably in the following year.
Import of Microphone in Canada (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 20.9 | 32.1 | 42.7 | 32.1 | 15.4% |
Mexico | 8.6 | 9.6 | 12.4 | 11.6 | 10.5% |
United States | 15.3 | 11.2 | 9.5 | 9.8 | -13.8% |
Germany | 3.5 | 3.5 | 4.6 | 7.0 | 26.0% |
Australia | 1.9 | 3.0 | 7.3 | 3.6 | 23.7% |
Japan | 3.2 | 2.9 | 3.6 | 2.5 | -7.9% |
Vietnam | 2.2 | 1.6 | 2.3 | 2.3 | 1.5% |
United Kingdom | 3.3 | 3.9 | 4.5 | 1.8 | -18.3% |
Others | 6.5 | 5.8 | 6.0 | 6.7 | 1.0% |
Total | 65.4 | 73.7 | 92.8 | 77.4 | 5.8% |
Top Suppliers of Microphone to Canada in 2022:
- China (1162.0K units)
- Mexico (420.6K units)
- United States (356.6K units)
- Germany (253.9K units)
- Australia (131.2K units)
- Japan (90.6K units)
- Vietnam (82.4K units)
- United Kingdom (63.6K units)
Microphone Exports in Canada
In 2022, overseas shipments of microphones and their stands decreased by -21.7% to 256K units for the first time since 2018, thus ending a three-year rising trend. Overall, exports recorded a perceptible curtailment. The pace of growth appeared the most rapid in 2021 when exports increased by 11%. As a result, the exports reached the peak of 326K units, and then shrank significantly in the following year.
In value terms, microphone exports dropped rapidly to $7M in 2022. In general, exports recorded a abrupt downturn. The most prominent rate of growth was recorded in 2021 with an increase of 8.9% against the previous year. As a result, the exports attained the peak of $10M, and then shrank rapidly in the following year.
Export of Microphone in Canada (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 7.9 | 8.5 | 9.3 | 6.0 | -8.8% |
United Kingdom | 0.1 | 0.2 | 0.1 | 0.2 | 26.0% |
Australia | N/A | 0.1 | 0.1 | 0.1 | 0.0% |
Others | 0.9 | 0.7 | 0.9 | 0.6 | -12.6% |
Total | 9.0 | 9.6 | 10.4 | 7.0 | -8.0% |
Top Export Markets for Microphone from Canada in 2022:
- United States (220.3K units)
- United Kingdom (6.1K units)
- Australia (5.0K units)
This report provides an in-depth analysis of the microphone market in Canada. 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:
- Canada
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Canada
- 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
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- 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. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- 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 -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- 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
- 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 Of Origin, 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, By Country Of Destination, 2012–2023
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From August 2023 to January 2024, the growth of imports for Microphones remained at a slightly lower rate. In terms of value, Microphone imports amounted to $6.2M in January 2024.
In June 2023, the Microphone price in Canada increased by 42% compared to the previous month, reaching $28.6 per unit (CIF).
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