Slovakia: Microphone Market 2024

Microphone Market Size in Slovakia

In 2022, after ten years of growth, there was significant decline in the Slovak microphone market, when its value decreased by X% to $X. Overall, consumption continues to indicate a abrupt slump. The growth pace was the most rapid in 2021 when the market value increased by X% against the previous year. As a result, consumption reached the peak level of $X, and then dropped remarkably in the following year.

Microphone Exports

Exports from Slovakia

In 2022, the amount of microphones and their stands exported from Slovakia expanded remarkably to X units, growing by X% compared with 2021 figures. In general, exports recorded a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, microphone exports dropped rapidly to $X in 2022. Over the period under review, exports posted strong growth. The most prominent rate of growth was recorded in 2017 when exports increased by X%. The exports peaked at $X in 2021, and then dropped rapidly in the following year.

Exports by Country

The Czech Republic (X units) was the main destination for microphone exports from Slovakia, with a X% share of total exports. Moreover, microphone exports to the Czech Republic exceeded the volume sent to the second major destination, China (X units), threefold. The United States (X units) ranked third in terms of total exports with a X% share.

From 2020 to 2022, the average annual rate of growth in terms of volume to the Czech Republic totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (X% per year) and the United States (X% per year).

In value terms, the Czech Republic ($X) remains the key foreign market for microphones and their stands exports from Slovakia, comprising X% of total exports. The second position in the ranking was held by China ($X), with a X% share of total exports. It was followed by the United States, with a X% share.

From 2020 to 2022, the average annual growth rate of value to the Czech Republic stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (X% per year) and the United States (X% per year).

Export Prices by Country

In 2022, the average microphone export price amounted to $X per unit, reducing by X% against the previous year. Overall, the export price recorded a sharp curtailment. The most prominent rate of growth was recorded in 2021 a decrease of X%. The export price peaked at $X per unit in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per unit), while the average price for exports to Slovenia ($X per unit) was amongst the lowest.

From 2020 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Argentina (X%), while the prices for the other major destinations experienced mixed trend patterns.

Microphone Imports

Imports into Slovakia

After ten years of growth, overseas purchases of microphones and their stands decreased by X% to X units in 2022. Overall, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of X units, and then declined dramatically in the following year.

In value terms, microphone imports dropped sharply to $X in 2022. In general, imports, however, saw buoyant growth. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then contracted markedly in the following year.

Imports by Country

The Czech Republic (X units), Germany (X units) and China (X units) were the main suppliers of microphone imports to Slovakia, with a combined X% share of total imports. Belgium, Italy, Hungary, the Netherlands, Poland and Spain lagged somewhat behind, together comprising a further X%.

From 2020 to 2022, the biggest increases were recorded for Belgium (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Czech Republic ($X), Germany ($X) and China ($X) constituted the largest microphone suppliers to Slovakia, together accounting for X% of total imports. Hungary, Belgium, the Netherlands, Italy, Poland and Spain lagged somewhat behind, together comprising a further X%.

Among the main suppliers, Hungary, with a CAGR of X%, recorded the highest growth rate of 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 average microphone import price stood at $X per unit in 2022, waning by X% against the previous year. In general, the import price showed a perceptible shrinkage. The growth pace was the most rapid in 2021 a decrease of X%. Over the period under review, average import prices attained the maximum at $X per unit in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($X per unit), while the price for Italy ($X per unit) was amongst the lowest.

From 2020 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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