Africa: Microphone Market 2024

Microphone Market Size in Africa

The African microphone market expanded rapidly to $X in 2023, picking up by X% against the previous year. Overall, consumption posted a modest expansion. Over the period under review, the market attained the peak level at $X in 2021; however, from 2022 to 2023, consumption failed to regain momentum.

Microphone Production in Africa

In value terms, microphone production expanded to $X in 2023 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The level of production peaked at $X in 2021; however, from 2022 to 2023, production stood at a somewhat lower figure.

Microphone Exports

Exports in Africa

In 2023, shipments abroad of microphones and their stands decreased by X% to X units, falling for the fourth year in a row after two years of growth. Over the period under review, exports saw a perceptible slump. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. As a result, the exports attained the peak of X units. From 2016 to 2023, the growth of the exports remained at a lower figure.

In value terms, microphone exports expanded significantly to $X in 2023. Overall, exports showed a pronounced curtailment. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2016 to 2023, the growth of the exports failed to regain momentum.

Exports by Country

South Africa prevails in exports structure, accounting for X units, which was approx. X% of total exports in 2023. The following exporters - Morocco (X units) and Tanzania (X units) - together made up X% of total exports.

From 2012 to 2023, average annual rates of growth with regard to microphone exports from South Africa stood at X%. At the same time, Tanzania (X%) and Morocco (X%) displayed positive paces of growth. Moreover, Tanzania emerged as the fastest-growing exporter exported in Africa, with a CAGR of X% from 2012-2023. Morocco (X p.p.) and Tanzania (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) remains the largest microphone supplier in Africa, comprising X% of total exports. The second position in the ranking was held by Tanzania ($X), with a X% share of total exports.

In South Africa, microphone exports shrank by an average annual rate of X% over the period from 2012-2023. The remaining exporting countries recorded the following average annual rates of exports growth: Tanzania (X% per year) and Morocco (X% per year).

Export Prices by Country

The export price in Africa stood at $X per unit in 2023, rising by X% against the previous year. Overall, the export price enjoyed a modest expansion. The most prominent rate of growth was recorded in 2016 when the export price increased by X%. Over the period under review, the export prices attained the peak figure at $X per unit in 2014; however, from 2015 to 2023, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Tanzania ($X per unit), while South Africa ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Tanzania (X%), while the other leaders experienced mixed trends in the export price figures.

Microphone Imports

Imports in Africa

In 2023, approx. X units of microphones and their stands were imported in Africa; picking up by X% against the previous year. In general, imports posted a resilient increase. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. The volume of import peaked in 2023 and is likely to see steady growth in years to come.

In value terms, microphone imports soared to $X in 2023. Total imports indicated buoyant growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

South Africa (X units) and Egypt (X units) were the main importers of microphones and their stands in 2023, resulting at near X% and X% of total imports, respectively. Kenya (X units) ranks next in terms of the total imports with a X% share, followed by Morocco (X%), Ghana (X%) and Nigeria (X%). The following importers - Cote d'Ivoire (X units), Angola (X units), Tanzania (X units), Cameroon (X units) and Algeria (X units) - together made up X% of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Kenya (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, South Africa ($X), Morocco ($X) and Egypt ($X) were the countries with the highest levels of imports in 2023, with a combined X% share of total imports.

Morocco, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Africa stood at $X per unit in 2023, with an increase of X% against the previous year. In general, the import price, however, continues to indicate a noticeable decrease. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The level of import peaked at $X per unit in 2012; however, from 2013 to 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Morocco ($X per unit), while Cameroon ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Algeria (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform