Disc Pick-Up Cartridge Market

The disc pick-up cartridge market is projected to decline over the next eight years, with a forecasted decrease in market volume and value. Consumption in 2022 saw a significant increase, particularly in Denmark, which remains the largest consumer. Production and imports also showed growth, with China being the key exporter. The average import and export prices varied by country. Overall, the market is expected to see gradual growth in the near future.

Market Forecast

The disc pick-up cartridge market is expected to start a downward consumption trend over the next eight-year period. The performance of the market is forecast to decrease slightly, with an anticipated CAGR of -0.7% for the eight-year period from 2022 to 2030, which is projected to depress the market volume to 5.1M units by the end of 2030.

In value terms, the market is forecast to contract with an anticipated CAGR of +3.0% for the period from 2022 to 2030, which is projected to bring the market value to $570M (in nominal prices) by the end of 2030.

Consumption

World Consumption of Pick-Up Cartridges For Discs Or Mechanically Recorded Sound Films

In 2022, consumption of pick-up cartridges for discs or mechanically recorded sound films increased by 36% to 5.4M units, rising for the third consecutive year after three years of decline. Over the period under review, consumption showed strong growth. Global consumption peaked in 2022 and is expected to retain growth in the immediate term.

The global disc pick-up cartridge market value skyrocketed to $450M in 2022, with an increase of 52% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +2.8% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Consumption By Country

Denmark (2.9M units) remains the largest disc pick-up cartridge consuming country worldwide, accounting for 54% of total volume. Moreover, disc pick-up cartridge consumption in Denmark exceeded the figures recorded by the second-largest consumer, the Philippines (450K units), sixfold. The Netherlands (284K units) ranked third in terms of total consumption with a 5.3% share.

In Denmark, disc pick-up cartridge consumption expanded at an average annual rate of +29.3% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the Philippines (+2.1% per year) and the Netherlands (+2.8% per year).

In value terms, Denmark ($66M), the Netherlands ($61M) and the Philippines ($46M) constituted the countries with the highest levels of market value in 2022, with a combined 38% share of the global market. Thailand, the Czech Republic, the United States, China, Spain, Indonesia and Ireland lagged somewhat behind, together accounting for a further 41%.

In terms of the main consuming countries, the Czech Republic, with a CAGR of +68.3%, recorded the highest growth rate of market size over the period under review, while market for the other global leaders experienced more modest paces of growth.

In 2022, the highest levels of disc pick-up cartridge per capita consumption was registered in Denmark (495 units per 1000 persons), followed by the Czech Republic (22 units per 1000 persons), Ireland (21 units per 1000 persons) and the Netherlands (16 units per 1000 persons), while the world average per capita consumption of disc pick-up cartridge was estimated at 0.7 units per 1000 persons.

In Denmark, disc pick-up cartridge per capita consumption expanded at an average annual rate of +28.6% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the Czech Republic (+73.1% per year) and Ireland (+1.0% per year).

Production

World Production of Pick-Up Cartridges For Discs Or Mechanically Recorded Sound Films

In 2022, production of pick-up cartridges for discs or mechanically recorded sound films increased by 19% to 5.5M units, rising for the third year in a row after two years of decline. Overall, production recorded a resilient expansion. The pace of growth was the most pronounced in 2021 with an increase of 68% against the previous year. Global production peaked in 2022 and is likely to see gradual growth in the near future.

In value terms, disc pick-up cartridge production amounted to $315M in 2022 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of 18% against the previous year. As a result, production reached the peak level of $370M. From 2015 to 2022, global production growth remained at a somewhat lower figure.

Production By Country

The country with the largest volume of disc pick-up cartridge production was Denmark (3.1M units), comprising approx. 57% of total volume. Moreover, disc pick-up cartridge production in Denmark exceeded the figures recorded by the second-largest producer, China (648K units), fivefold. The Philippines (450K units) ranked third in terms of total production with an 8.2% share.

From 2012 to 2022, the average annual growth rate of volume in Denmark stood at +29.0%. The remaining producing countries recorded the following average annual rates of production growth: China (+0.0% per year) and the Philippines (+1.2% per year).

Imports

World Imports of Pick-Up Cartridges For Discs Or Mechanically Recorded Sound Films

In 2022, purchases abroad of pick-up cartridges for discs or mechanically recorded sound films increased by 55% to 1.3M units, rising for the third year in a row after three years of decline. In general, imports saw a resilient increase. The pace of growth appeared the most rapid in 2015 when imports increased by 109% against the previous year. Global imports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, disc pick-up cartridge imports shrank to $51M in 2022. Overall, imports showed a modest expansion. The most prominent rate of growth was recorded in 2021 with an increase of 47% against the previous year. Global imports peaked at $57M in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports By Country

The Netherlands (251K units), the Czech Republic (237K units) and the United States (166K units) represented roughly 50% of total imports in 2022. Spain (110K units) ranks next in terms of the total imports with an 8.4% share, followed by Thailand (7.7%), France (7%) and Germany (6.7%). The following importers - Belgium (31K units), Italy (22K units), Austria (22K units) and Malaysia (22K units) - each accounted for a 7.4% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Spain (with a CAGR of +89.1%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, the largest disc pick-up cartridge importing markets worldwide were the United States ($6.9M), Germany ($5.2M) and the Netherlands ($3.8M), with a combined 31% share of global imports. The Czech Republic, Austria, Malaysia, France, Italy, Belgium, Spain and Thailand lagged somewhat behind, together accounting for a further 21%.

Among the main importing countries, the Czech Republic, with a CAGR of +43.7%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices By Country

The average disc pick-up cartridge import price stood at $39 per unit in 2022, reducing by -41.5% against the previous year. In general, the import price recorded a deep setback. The pace of growth was the most pronounced in 2018 an increase of 61%. Over the period under review, average import prices attained the peak figure at $107 per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Austria ($141 per unit), while Thailand ($2.3 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (-4.7%), while the other global leaders experienced a decline in the import price figures.

Exports

World Exports of Pick-Up Cartridges For Discs Or Mechanically Recorded Sound Films

In 2022, after two years of growth, there was significant decline in overseas shipments of pick-up cartridges for discs or mechanically recorded sound films, when their volume decreased by -6.4% to 1.4M units. Overall, exports, however, showed a remarkable increase. The growth pace was the most rapid in 2021 with an increase of 115%. As a result, the exports reached the peak of 1.5M units, and then declined in the following year.

In value terms, disc pick-up cartridge exports soared to $74M in 2022. The total export value increased at an average annual rate of +1.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 with an increase of 20% against the previous year. As a result, the exports attained the peak of $79M. From 2014 to 2022, the growth of the global exports failed to regain momentum.

Exports By Country

China was the key exporter of pick-up cartridges for discs or mechanically recorded sound films in the world, with the volume of exports reaching 481K units, which was approx. 35% of total exports in 2022. Denmark (236K units) took the second position in the ranking, followed by the Netherlands (189K units) and Indonesia (119K units). All these countries together took near 39% share of total exports. The following exporters - Austria (60K units), Malaysia (56K units), the United States (47K units), France (37K units), Sweden (37K units) and Germany (35K units) - together made up 20% of total exports.

From 2012 to 2022, average annual rates of growth with regard to disc pick-up cartridge exports from China stood at +39.7%. At the same time, the Netherlands (+87.3%), France (+85.1%), Sweden (+77.3%), Malaysia (+50.7%), Austria (+42.7%), the United States (+31.4%), Denmark (+25.6%), Germany (+20.5%) and Indonesia (+18.5%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing exporter exported in the world, with a CAGR of +87.3% from 2012-2022. While the share of China (+29 p.p.), the Netherlands (+13 p.p.), Denmark (+9.6 p.p.), Austria (+3.8 p.p.), Malaysia (+3.8 p.p.), France (+2.7 p.p.), Sweden (+2.6 p.p.), the United States (+2.5 p.p.) and Indonesia (+1.9 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Denmark ($21M) remains the largest disc pick-up cartridge supplier worldwide, comprising 29% of global exports. The second position in the ranking was taken by Malaysia ($5.5M), with a 7.5% share of global exports. It was followed by Indonesia, with a 6.4% share.

In Denmark, disc pick-up cartridge exports increased at an average annual rate of +10.0% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Malaysia (+38.6% per year) and Indonesia (+8.2% per year).

Export Prices By Country

In 2022, the average disc pick-up cartridge export price amounted to $53 per unit, growing by 24% against the previous year. Overall, the export price, however, recorded a abrupt contraction. The pace of growth appeared the most rapid in 2014 when the average export price increased by 62% against the previous year. As a result, the export price reached the peak level of $215 per unit. From 2015 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Malaysia ($98 per unit), while China ($3.5 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (-3.2%), while the other global leaders experienced a decline in the export price figures.

Source: IndexBox Market Intelligence Platform