CIS: Headphone Market 2024

Headphone Market Size in CIS

The CIS headphone market expanded rapidly to $X in 2022, growing by 9% against the previous year. In general, consumption, however, continues to indicate a buoyant increase. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Headphone Production in CIS

In value terms, headphone production rose notably to $X in 2022 estimated in export price. Overall, production saw strong growth. The most prominent rate of growth was recorded in 2020 when the production volume increased by 59%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Headphone Exports

Exports in CIS

In 2022, the amount of headphones exported in the CIS skyrocketed to X units, growing by 77% against the previous year's figure. Over the period under review, exports saw a significant expansion. The most prominent rate of growth was recorded in 2016 with an increase of 130% against the previous year. The volume of export peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, headphone exports surged to $X in 2022. Overall, exports continue to indicate significant growth. The pace of growth appeared the most rapid in 2016 when exports increased by 106%. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Exports by Country

Russia (X units) and Armenia (X units) prevails in exports structure, together comprising 92% of total exports. It was distantly followed by Kazakhstan (X units), generating a 5.8% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Armenia (with a CAGR of +414.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), Armenia ($X) and Kazakhstan ($X) constituted the countries with the highest levels of exports in 2022, with a combined 85% share of total exports.

In terms of the main exporting countries, Armenia, with a CAGR of +327.5%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in the CIS stood at $X per unit in 2022, declining by -16.2% against the previous year. Export price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, headphone export price increased by +57.6% against 2018 indices. The pace of growth was the most pronounced in 2021 when the export price increased by 30%. As a result, the export price attained the peak level of $X per unit, and then fell remarkably in the following year.

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 Kazakhstan ($X per unit), while Armenia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kazakhstan (+6.0%), while the other leaders experienced mixed trends in the export price figures.

Headphone Imports

Imports in CIS

In 2022, after three years of growth, there was significant decline in purchases abroad of headphones, when their volume decreased by -8.4% to X units. Total imports indicated measured growth from 2012 to 2022: its volume increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -10.7% against 2017 indices. The most prominent rate of growth was recorded in 2016 when imports increased by 44% against the previous year. The volume of import peaked at X units in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, headphone imports stood at $X in 2022. Overall, imports, however, showed resilient growth. The pace of growth appeared the most rapid in 2016 when imports increased by 169% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the near future.

Imports by Country

Russia prevails in imports structure, accounting for X units, which was approx. 84% of total imports in 2022. Belarus (X units) held a 5.1% share (based on physical terms) of total imports, which put it in second place, followed by Azerbaijan (4.9%). The following importers - Kazakhstan (X units) and Armenia (X units) - each amounted to a 4.4% share of total imports.

Russia experienced a relatively flat trend pattern with regard to volume of imports of headphones. At the same time, Azerbaijan (+28.2%), Armenia (+26.4%), Kazakhstan (+19.3%) and Belarus (+15.0%) displayed positive paces of growth. Moreover, Azerbaijan emerged as the fastest-growing importer imported in the CIS, with a CAGR of +28.2% from 2012-2022. While the share of Azerbaijan (+4.4 p.p.), Belarus (+3.6 p.p.), Kazakhstan (+2 p.p.) and Armenia (+1.7 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Russia (-12.9 p.p.) displayed negative dynamics.

In value terms, Russia ($X) constitutes the largest market for imported headphones in the CIS, comprising 81% of total imports. The second position in the ranking was taken by Kazakhstan ($X), with an 11% share of total imports. It was followed by Belarus, with a 3% share.

In Russia, headphone imports increased at an average annual rate of +15.0% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Kazakhstan (+28.9% per year) and Belarus (+18.7% per year).

Import Prices by Country

The import price in the CIS stood at $X per unit in 2022, increasing by 9.8% against the previous year. In general, the import price saw a resilient increase. The pace of growth was the most pronounced in 2016 when the import price increased by 86% against the previous year. Over the period under review, import prices reached the maximum in 2022 and is likely to see gradual growth in the immediate term.

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 Kazakhstan ($X per unit), while Azerbaijan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+14.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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