GCC: Microphone Market 2024

Microphone Market Size in GCC

The GCC microphone market was estimated at $X in 2023, picking up by X% against the previous year. Overall, consumption, however, posted a buoyant increase. Over the period under review, the market reached the peak level at $X in 2021; however, from 2022 to 2023, consumption failed to regain momentum.

Microphone Production in GCC

In value terms, microphone production expanded sharply to $X in 2023 estimated in export price. Overall, production, however, continues to indicate a strong expansion. The most prominent rate of growth was recorded in 2019 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2021; however, from 2022 to 2023, production remained at a lower figure.

Microphone Exports

Exports in GCC

In 2023, exports of microphones and their stands in GCC reduced markedly to X units, which is down by X% against the previous year's figure. Over the period under review, exports, however, showed a resilient expansion. The most prominent rate of growth was recorded in 2022 with an increase of X%. Over the period under review, the exports hit record highs at X units in 2020; however, from 2021 to 2023, the exports stood at a somewhat lower figure.

In value terms, microphone exports contracted to $X in 2023. Overall, exports, however, continue to indicate a notable expansion. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. The level of export peaked at $X in 2019; however, from 2020 to 2023, the exports failed to regain momentum.

Exports by Country

Oman prevails in exports structure, resulting at X units, which was near X% of total exports in 2023. It was distantly followed by the United Arab Emirates (X units), achieving a X% share of total exports.

Oman was also the fastest-growing in terms of the microphones and their stands exports, with a CAGR of X% from 2012 to 2023. The United Arab Emirates experienced a relatively flat trend pattern. Oman (X p.p.) significantly strengthened its position in terms of the total exports, while the United Arab Emirates saw its share reduced by X% from 2012 to 2023, respectively.

In value terms, the United Arab Emirates ($X) remains the largest microphone supplier in GCC, comprising X% of total exports. The second position in the ranking was taken by Oman ($X), with a X% share of total exports.

In the United Arab Emirates, microphone exports expanded at an average annual rate of X% over the period from 2012-2023.

Export Prices by Country

In 2023, the export price in GCC amounted to $X per unit, surging by X% against the previous year. Overall, the export price, however, showed a abrupt setback. The most prominent rate of growth was recorded in 2021 when the export price increased by X%. The level of export peaked at $X per unit in 2015; however, from 2016 to 2023, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per unit), while Oman totaled $X per unit.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%).

Microphone Imports

Imports in GCC

Microphone imports dropped rapidly to X units in 2023, declining by X% on the previous year's figure. Total imports indicated a measured expansion from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2021 indices. The pace of growth was the most pronounced in 2013 with an increase of X%. The volume of import peaked at X units in 2022, and then contracted sharply in the following year.

In value terms, microphone imports contracted slightly to $X in 2023. Total imports indicated a pronounced increase 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 decreased by X% against 2021 indices. The pace of growth appeared the most rapid in 2017 with an increase of X%. Over the period under review, imports reached the peak figure at $X in 2021; however, from 2022 to 2023, imports stood at a somewhat lower figure.

Imports by Country

The United Arab Emirates dominates imports structure, recording X units, which was near X% of total imports in 2023. Kuwait (X units) held a relatively small share of total imports.

Imports into the United Arab Emirates increased at an average annual rate of X% from 2012 to 2023. At the same time, Kuwait (X%) displayed positive paces of growth. Moreover, Kuwait emerged as the fastest-growing importer imported in GCC, with a CAGR of X% from 2012-2023. The shares of the largest importers remained relatively stable throughout the analyzed period.

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

In the United Arab Emirates, microphone imports expanded at an average annual rate of X% over the period from 2012-2023.

Import Prices by Country

The import price in GCC stood at $X per unit in 2023, increasing by X% against the previous year. In general, the import price showed a relatively flat trend pattern. Over the period under review, import prices reached the maximum at $X per unit in 2021; however, from 2022 to 2023, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Kuwait ($X per unit), while the United Arab Emirates stood at $X per unit.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%).

Source: IndexBox Platform