Israel: Microphone Market 2024

Microphone Market Size in Israel

In 2022, after five years of growth, there was significant decline in the Israeli microphone market, when its value decreased by X% to $X. Over the period under review, consumption, however, saw a remarkable increase. Microphone consumption peaked at $X in 2021, and then declined dramatically in the following year.

Microphone Exports

Exports from Israel

Microphone exports from Israel fell significantly to X units in 2022, waning by X% on the year before. Overall, exports, however, enjoyed a strong increase. The pace of growth appeared the most rapid in 2021 when exports increased by X%. As a result, the exports reached the peak of X units, and then shrank sharply in the following year.

In value terms, microphone exports contracted markedly to $X in 2022. In general, exports, however, showed buoyant growth. The most prominent rate of growth was recorded in 2021 when exports increased by X%. As a result, the exports attained the peak of $X, and then declined sharply in the following year.

Exports by Country

Cyprus (X units) was the main destination for microphone exports from Israel, with a X% share of total exports. Moreover, microphone exports to Cyprus exceeded the volume sent to the second major destination, the United States (X units), twofold. The third position in this ranking was held by Hong Kong SAR (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Cyprus totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Hong Kong SAR (X% per year).

In value terms, Cyprus ($X) emerged as the key foreign market for microphones and their stands exports from Israel, comprising X% of total exports. The second position in the ranking was taken by the United States ($X), with a X% share of total exports. It was followed by Hong Kong SAR, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Cyprus totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Hong Kong SAR (X% per year).

Export Prices by Country

The average microphone export price stood at $X per unit in 2022, surging by X% against the previous year. Overall, the export price, however, showed a pronounced decrease. The most prominent rate of growth was recorded in 2014 an increase of X%. As a result, the export price reached the peak level of $X per unit. From 2015 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Cyprus ($X per unit), while the average price for exports to the United States ($X 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 Taiwan (Chinese) (X%), while the prices for the other major destinations experienced more modest paces of growth.

Microphone Imports

Imports into Israel

After five years of growth, purchases abroad of microphones and their stands decreased by X% to X units in 2022. In general, imports, however, saw a buoyant increase. The growth pace was the most rapid in 2018 with an increase of X%. Over the period under review, imports hit record highs at X units in 2021, and then dropped significantly in the following year.

In value terms, microphone imports shrank slightly to $X in 2022. Over the period under review, imports, however, continue to indicate a strong expansion. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, imports attained the peak of $X, leveling off in the following year.

Imports by Country

In 2022, China (X units) constituted the largest microphone supplier to Israel, with a X% share of total imports. Moreover, microphone imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), twofold. The third position in this ranking was held by Germany (X units), with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Germany (X% per year).

In value terms, Germany ($X), the United States ($X) and China ($X) appeared to be the largest microphone suppliers to Israel, with a combined X% share of total imports. The Netherlands, Switzerland, the UK, Taiwan (Chinese), Hong Kong SAR and Japan lagged somewhat behind, together comprising a further X%.

Switzerland, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average microphone import price amounted to $X per unit, rising by X% against the previous year. Overall, the import price continues to indicate a buoyant increase. Over the period under review, average import prices hit record highs at $X per unit in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per unit), while the price for Japan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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