Middle East: Microphone Market 2024

Microphone Market Size in the Middle East

In 2022, the Middle Eastern microphone market increased by X% to $X, rising for the fifth consecutive year after three years of decline. In general, consumption showed a pronounced expansion. Over the period under review, the market attained the peak level in 2022 and is likely to see steady growth in the immediate term.

Microphone Production in the Middle East

In value terms, microphone production amounted to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a tangible expansion. The pace of growth appeared the most rapid in 2019 with an increase of X%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Microphone Exports

Exports in the Middle East

In 2022, shipments abroad of microphones and their stands was finally on the rise to reach X units for the first time since 2019, thus ending a two-year declining trend. Overall, exports recorded a buoyant increase. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. As a result, the exports attained the peak of X units. From 2020 to 2022, the growth of the exports remained at a lower figure.

In value terms, microphone exports surged to $X in 2022. Over the period under review, exports saw a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The United Arab Emirates represented the main exporter of microphones and their stands in the Middle East, with the volume of exports accounting for X units, which was approx. X% of total exports in 2022. It was distantly followed by Oman (X units) and Israel (X units), together generating a X% share of total exports. Turkey (X units) and Kuwait (X units) took a little share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Kuwait (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X) emerged as the largest microphone supplier in the Middle East, comprising X% of total exports. The second position in the ranking was taken by Israel ($X), with a X% share of total exports. It was followed by Turkey, with a X% share.

In the United Arab Emirates, microphone exports expanded at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Israel (X% per year) and Turkey (X% per year).

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per unit, surging by X% against the previous year. Overall, the export price posted a perceptible increase. The most prominent rate of growth was recorded in 2021 an increase of X%. Over the period under review, the export prices attained the maximum in 2022 and is likely to see gradual growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per unit), while Oman ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the other leaders experienced mixed trends in the export price figures.

Microphone Imports

Imports in the Middle East

Microphone imports expanded notably to X units in 2022, increasing by X% on the year before. Overall, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 when imports increased by X% against the previous year. The volume of import peaked in 2022 and is likely to continue growth in the immediate term.

In value terms, microphone imports expanded remarkably to $X in 2022. Total imports indicated a resilient 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. Based on 2022 figures, imports increased by X% against 2018 indices. The pace of growth was the most pronounced in 2017 with an increase of X%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, the United Arab Emirates (X units) represented the largest importer of microphones and their stands, achieving X% of total imports. Turkey (X units) held the second position in the ranking, distantly followed by Iran (X units), Qatar (X units), Israel (X units) and Iraq (X units). All these countries together took approx. X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to microphone imports into the United Arab Emirates stood at X%. At the same time, Qatar (X%), Turkey (X%) and Israel (X%) displayed positive paces of growth. Moreover, Qatar emerged as the fastest-growing importer imported in the Middle East, with a CAGR of X% from 2012-2022. Iraq experienced a relatively flat trend pattern. By contrast, Iran (X%) illustrated a downward trend over the same period. The United Arab Emirates (X p.p.), Turkey (X p.p.), Qatar (X p.p.) and Israel (X p.p.) significantly strengthened its position in terms of the total imports, while Iran saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported microphones and their stands in the Middle East, comprising X% of total imports. The second position in the ranking was held by Turkey ($X), with a X% share of total imports. It was followed by Israel, with a X% share.

In the United Arab Emirates, microphone imports 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: Turkey (X% per year) and Israel (X% per year).

Import Prices by Country

The import price in the Middle East stood at $X per unit in 2022, leveling off at the previous year. Overall, the import price posted moderate growth. The most prominent rate of growth was recorded in 2013 when the import price increased by X% against the previous year. Over the period under review, import prices reached the peak figure at $X per unit in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

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

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

Source: IndexBox Platform

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