Azerbaijan: Headphone Market 2024

Headphone Market Size in Azerbaijan

After six years of growth, the Azerbaijani headphone market decreased by -8.4% to $X in 2022. Overall, consumption, however, continues to indicate a significant increase. Over the period under review, the market reached the peak level at $X in 2021, and then declined in the following year.

Headphone Exports

Exports from Azerbaijan

For the sixth year in a row, Azerbaijan recorded growth in overseas shipments of headphones, which increased by 29% to X units in 2022. In general, exports saw significant growth. The most prominent rate of growth was recorded in 2017 with an increase of 771%. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the near future.

In value terms, headphone exports totaled $X in 2022. Over the period under review, exports enjoyed a strong increase. The most prominent rate of growth was recorded in 2014 with an increase of 1,826% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to see steady growth in years to come.

Exports by Country

The Czech Republic (X units) was the main destination for headphone exports from Azerbaijan, with a 60% share of total exports. Moreover, headphone exports to the Czech Republic exceeded the volume sent to the second major destination, Hong Kong SAR (X units), twofold. The third position in this ranking was held by the UK (X units), with a 2.5% share.

From 2012 to 2022, the average annual growth rate of volume to the Czech Republic stood at +84.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (+11,175.0% per year) and the UK (+30.8% per year).

In value terms, the Czech Republic ($X) remains the key foreign market for headphones exports from Azerbaijan, comprising 48% of total exports. The second position in the ranking was held by Hong Kong SAR ($X), with a 21% share of total exports. It was followed by the UK, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the Czech Republic stood at +44.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (+5,852.8% per year) and the UK (+45.1% per year).

Export Prices by Country

In 2022, the average headphone export price amounted to $X per unit, shrinking by -19.3% against the previous year. In general, the export price continues to indicate a abrupt downturn. The pace of growth was the most pronounced in 2014 when the average export price increased by 1,551% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per unit), while the average price for exports to the Czech Republic ($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 Georgia (+49.1%), while the prices for the other major destinations experienced mixed trend patterns.

Headphone Imports

Imports into Azerbaijan

In 2022, purchases abroad of headphones decreased by -10.3% to X units, falling for the third year in a row after four years of growth. Overall, imports, however, enjoyed a significant increase. The pace of growth appeared the most rapid in 2013 when imports increased by 202% against the previous year. Over the period under review, imports hit record highs at X units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, headphone imports shrank to $X in 2022. In general, imports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2013 when imports increased by 159%. Imports peaked at $X in 2021, and then fell in the following year.

Imports by Country

In 2022, China (X units) constituted the largest supplier of headphone to Azerbaijan, accounting for a 83% share of total imports. Moreover, headphone imports from China exceeded the figures recorded by the second-largest supplier, Vietnam (X units), eightfold. The third position in this ranking was taken by the Philippines (X units), with a 2.1% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +60.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+93.3% per year) and the Philippines (+42.4% per year).

In value terms, China ($X) constituted the largest supplier of headphones to Azerbaijan, comprising 83% of total imports. The second position in the ranking was held by Vietnam ($X), with a 13% share of total imports. It was followed by Malaysia, with a 0.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +66.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+163.4% per year) and Malaysia (+31.1% per year).

Import Prices by Country

The average headphone import price stood at $X per unit in 2022, picking up by 3.9% against the previous year. Overall, the import price posted a remarkable increase. The most prominent rate of growth was recorded in 2021 when the average import price increased by 86% against the previous year. The import price peaked in 2022 and is likely to see steady growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+36.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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