Colombia: Headphone Market 2025

Headphone Market Size in Colombia

In 2022, the Colombian headphone market decreased by -12.8% to $X, falling for the second consecutive year after four years of growth. Over the period under review, consumption, however, enjoyed prominent growth. Headphone consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Headphone Exports

Exports from Colombia

In 2022, the amount of headphones exported from Colombia dropped remarkably to X units, with a decrease of -41.1% on 2021 figures. In general, exports, however, showed buoyant growth. The most prominent rate of growth was recorded in 2021 with an increase of 428%. As a result, the exports attained the peak of X units, and then contracted notably in the following year.

In value terms, headphone exports shrank remarkably to $X in 2022. Overall, exports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 1,029%. As a result, the exports reached the peak of $X, and then shrank dramatically in the following year.

Exports by Country

Mexico (X units), the United States (X units) and Panama (X units) were the main destinations of headphone exports from Colombia, together accounting for 63% of total exports. Ecuador, Costa Rica, Peru and Honduras lagged somewhat behind, together accounting for a further 29%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Honduras (with a CAGR of +66.6%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for headphones exports from Colombia, comprising 70% of total exports. The second position in the ranking was held by Peru ($X), with a 5.7% share of total exports. It was followed by Ecuador, with a 3.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States stood at +53.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Peru (+38.1% per year) and Ecuador (+3.1% per year).

Export Prices by Country

In 2022, the average headphone export price amounted to $X per unit, falling by -7.6% against the previous year. In general, the export price, however, showed measured growth. The pace of growth was the most pronounced in 2021 an increase of 114% against the previous year. As a result, the export price attained the peak level of $X per unit, and then fell in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Mexico ($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 Honduras (+38.4%), while the prices for the other major destinations experienced more modest paces of growth.

Headphone Imports

Imports into Colombia

In 2022, overseas purchases of headphones decreased by -33.6% to X units, falling for the second consecutive year after four years of growth. In general, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 39% against the previous year. Imports peaked at X units in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, headphone imports fell to $X in 2022. Over the period under review, imports, however, posted a remarkable increase. The most prominent rate of growth was recorded in 2018 with an increase of 42% against the previous year. Imports peaked at $X in 2021, and then reduced in the following year.

Imports by Country

In 2022, China (X units) constituted the largest supplier of headphone to Colombia, with a 71% share of total imports. Moreover, headphone imports from China exceeded the figures recorded by the second-largest supplier, Vietnam (X units), sixfold. The third position in this ranking was held by Myanmar (X units), with an 8.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to -2.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+81.6% per year) and Myanmar (0.0% per year).

In value terms, the largest headphone suppliers to Colombia were Vietnam ($X), China ($X) and Hong Kong SAR ($X), with a combined 84% share of total imports.

Vietnam, with a CAGR of +136.4%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average headphone import price stood at $X per unit in 2022, growing by 40% against the previous year. Overall, the import price showed a resilient expansion. The growth pace was the most rapid in 2021 when the average import price increased by 65%. The import price peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Vietnam ($X per unit), while the price for Myanmar ($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 (+30.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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