Hong Kong SAR, China - Microphones And Their Stands - Market Analysis, Forecast, Size, Trends And Insights
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View PricingMicrophone Price in Hong Kong SAR - 2023
Contents:
- Microphone Price in Hong Kong SAR (CIF) - 2023
- Microphone Price in Hong Kong SAR (FOB) - 2023
- Microphone Imports in Hong Kong SAR
- Microphone Exports in Hong Kong SAR
Microphone Price in Hong Kong SAR (CIF) - 2023
The average microphone import price stood at $370 per thousand units in September 2023, rising by 23% against the previous month. Over the period under review, import price indicated mild growth from September 2022 to September 2023: its price increased at an average monthly rate of +1.4% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2023 figures, microphone import price increased by +36.6% against June 2023 indices. The pace of growth was the most pronounced in January 2023 an increase of 77% m-o-m. As a result, import price reached the peak level of $0.4 per unit. From February 2023 to September 2023, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was China ($451 per thousand units), while the price for Malaysia totaled $219 per thousand units.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by China (+1.6%).
Microphone Price in Hong Kong SAR (FOB) - 2023
The average microphone export price stood at $415 per thousand units in September 2023, surging by 12% against the previous month. Overall, the export price saw a slight increase. The pace of growth appeared the most rapid in January 2023 an increase of 92% against the previous month. As a result, the export price reached the peak level of $0.7 per unit. From February 2023 to September 2023, the the average export prices failed to regain momentum.
Average prices varied noticeably for the major external markets. In September 2023, the country with the highest price was China ($323 per thousand units), while the average price for exports to Vietnam amounted to $307 per thousand units.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+2.9%).
Microphone Imports in Hong Kong SAR
In 2022, supplies from abroad of microphones and their stands decreased by -49.7% to 11M units for the first time since 2018, thus ending a three-year rising trend. In general, imports continue to indicate a abrupt decrease. The growth pace was the most rapid in 2021 when imports increased by 10%. As a result, imports attained the peak of 22M units, and then declined rapidly in the following year.
In value terms, microphone imports contracted significantly to $308M in 2022. Over the period under review, imports showed a deep setback. The most prominent rate of growth was recorded in 2021 with an increase of 25% against the previous year. As a result, imports attained the peak of $540M, and then contracted remarkably in the following year.
| Import of Microphone in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 153 | 173 | 229 | 135 | -4.1% |
| Malaysia | 221 | 214 | 269 | 132 | -15.8% |
| Taiwan (Chinese) | 6.5 | 7.7 | 10.1 | 10.8 | 18.4% |
| United States | 27.7 | 12.8 | 12.6 | 6.7 | -37.7% |
| Germany | 6.7 | 6.4 | 2.4 | 5.7 | -5.2% |
| Others | 16.6 | 16.5 | 16.8 | 17.7 | 2.2% |
| Total | 432 | 430 | 540 | 308 | -10.7% |
Top Suppliers of Microphone to Hong Kong SAR in 2022:
- China (4.9M units)
- Malaysia (4.8M units)
- Taiwan (Chinese) (0.4M units)
- United States (0.2M units)
- Germany (0.2M units)
Microphone Exports in Hong Kong SAR
In 2022, shipments abroad of microphones and their stands decreased by -11.5% to 14M units for the first time since 2018, thus ending a three-year rising trend. The total export volume increased at an average annual rate of +5.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 when exports increased by 26% against the previous year. Over the period under review, the exports hit record highs at 16M units in 2021, and then fell in the following year.
In value terms, microphone exports contracted markedly to $396M in 2022. Overall, exports saw a abrupt slump. The growth pace was the most rapid in 2021 with an increase of 13% against the previous year. As a result, the exports reached the peak of $521M, and then declined markedly in the following year.
| Export of Microphone in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 333 | 322 | 358 | 264 | -7.4% |
| Vietnam | 4.1 | 6.4 | 18.0 | 26.7 | 86.7% |
| United States | 23.9 | 36.9 | 42.2 | 20.8 | -4.5% |
| South Korea | 5.7 | 6.9 | 9.3 | 14.8 | 37.4% |
| Singapore | 7.8 | 4.8 | 7.3 | 10.4 | 10.1% |
| Malaysia | 22.7 | 18.6 | 10.3 | 9.8 | -24.4% |
| Taiwan (Chinese) | 2.8 | 3.9 | 5.6 | 7.1 | 36.4% |
| Japan | 15.1 | 15.5 | 15.0 | 5.4 | -29.0% |
| Others | 50.7 | 46.2 | 54.6 | 37.7 | -9.4% |
| Total | 465 | 462 | 521 | 396 | -5.2% |
Top Export Markets for Microphone from Hong Kong SAR in 2022:
- China (9.6M units)
- Vietnam (1.0M units)
- United States (0.8M units)
- South Korea (0.5M units)
- Singapore (0.4M units)
- Malaysia (0.4M units)
- Taiwan (Chinese) (0.3M units)
- Japan (0.2M units)
This report provides an in-depth analysis of the microphone market in Hong Kong SAR, China. 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:
- Hong Kong SAR
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Hong Kong SAR, China
- 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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