Asia-Pacific: Microphone Market 2024

Microphone Market Size in Asia-Pacific

The Asia-Pacific microphone market dropped to $X in 2022, waning by X% against the previous year. Overall, consumption continues to indicate a deep reduction. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Microphone Production in Asia-Pacific

In value terms, microphone production reduced notably to $X in 2022 estimated in export price. Overall, production saw a abrupt descent. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

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Microphone Exports

Exports in Asia-Pacific

After six years of growth, overseas shipments of microphones and their stands decreased by X% to X units in 2022. Overall, exports, however, enjoyed resilient growth. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2021, and then reduced dramatically in the following year.

In value terms, microphone exports shrank dramatically to $X in 2022. In general, exports, however, continue to indicate strong growth. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. The level of export peaked at $X in 2021, and then declined notably in the following year.

Exports by Country

China was the main exporter of microphones and their stands in Asia-Pacific, with the volume of exports finishing at X units, which was approx. X% of total exports in 2022. Hong Kong SAR (X units) took the second position in the ranking, followed by Malaysia (X units). All these countries together took approx. X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to microphone exports from China stood at X%. At the same time, Malaysia (X%) and Hong Kong SAR (X%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of X% from 2012-2022. While the share of Malaysia (X p.p.) and Hong Kong SAR (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of China (X p.p.) displayed negative dynamics.

In value terms, China ($X) remains the largest microphone supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was held by Malaysia ($X), with a X% share of total exports.

In China, microphone exports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Malaysia (X% per year) and Hong Kong SAR (X% per year).

Export Prices by Country

In 2022, the export price in Asia-Pacific amounted to $X per unit, growing by X% against the previous year. Over the period under review, the export price, however, saw a perceptible slump. The level of export peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Malaysia ($X per unit), while Hong Kong SAR ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the other leaders experienced a decline in the export price figures.

Microphone Imports

Imports in Asia-Pacific

In 2022, overseas purchases of microphones and their stands decreased by X% to X units, falling for the second year in a row after five years of growth. In general, imports, however, continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X units in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, microphone imports dropped rapidly to $X in 2022. Total imports indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by X%. Over the period under review, imports attained the maximum at $X in 2021, and then contracted markedly in the following year.

Imports by Country

Malaysia (X units) and Hong Kong SAR (X units) prevails in imports structure, together mixing up X% of total imports. India (X units) ranks next in terms of the total imports with a X% share, followed by China (X%). The following importers - Thailand (X units) and Singapore (X units) - each resulted at a X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest microphone importing markets in Asia-Pacific were China ($X), Hong Kong SAR ($X) and Malaysia ($X), together comprising X% of total imports.

In terms of the main importing countries, Malaysia, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, 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 Asia-Pacific stood at $X per unit in 2022, reducing by X% against the previous year. In general, the import price recorded a perceptible curtailment. The pace of growth appeared the most rapid in 2015 when the import price increased by X%. As a result, import price attained the peak level of $X per unit. From 2016 to 2022, the import prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was China ($X per unit), while Malaysia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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