Denmark: Headphone Market 2024

Headphone Market Size in Denmark

For the third year in a row, the Danish headphone market recorded growth in sales value, which increased by 506% to $X in 2022. In general, consumption enjoyed significant growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Headphone Production in Denmark

In value terms, headphone production declined significantly to $X in 2022 estimated in export price. Overall, production, however, faced a drastic downturn. The pace of growth appeared the most rapid in 2020 with an increase of 103% against the previous year. Over the period under review, production attained the peak level at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

Headphone Exports

Exports from Denmark

In 2022, shipments abroad of headphones decreased by -24.6% to X units for the first time since 2019, thus ending a two-year rising trend. Overall, exports, however, saw buoyant growth. The most prominent rate of growth was recorded in 2020 with an increase of 128%. Over the period under review, the exports reached the peak figure at X units in 2021, and then declined markedly in the following year.

In value terms, headphone exports contracted markedly to $X in 2022. In general, exports, however, saw a prominent increase. The growth pace was the most rapid in 2020 when exports increased by 63%. The exports peaked at $X in 2021, and then dropped remarkably in the following year.

Exports by Country

Sweden (X units), Germany (X units) and the UK (X units) were the main destinations of headphone exports from Denmark, together comprising 47% of total exports. The Netherlands, Poland, Norway, France, Italy, Spain, Switzerland, Turkey, the Czech Republic and the United States lagged somewhat behind, together comprising a further 41%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Turkey (with a CAGR of +49.8%), while the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X), Germany ($X) and the UK ($X) were the largest markets for headphone exported from Denmark worldwide, together comprising 47% of total exports. The Netherlands, Poland, Norway, France, Italy, Spain, Switzerland, Turkey, the Czech Republic and the United States lagged somewhat behind, together comprising a further 41%.

In terms of the main countries of destination, Turkey, with a CAGR of +43.6%, saw 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

In 2022, the average headphone export price amounted to $X per unit, which is down by -3.7% against the previous year. Overall, the export price showed a noticeable descent. The most prominent rate of growth was recorded in 2018 an increase of 10% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to the United States ($X per unit) and Switzerland ($X per unit), while the average price for exports to Turkey ($X per unit) and France ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (-4.1%), while the prices for the other major destinations experienced a decline.

Headphone Imports

Imports into Denmark

Headphone imports into Denmark declined to X units in 2022, reducing by -13.1% against the year before. Overall, imports, however, continue to indicate a modest expansion. The growth pace was the most rapid in 2018 with an increase of 93%. Over the period under review, imports attained the peak figure at X units in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, headphone imports fell to $X in 2022. Over the period under review, imports, however, continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2020 with an increase of 39% against the previous year. Over the period under review, imports reached the peak figure at $X in 2021, and then shrank in the following year.

Imports by Country

Sweden (X units), China (X units) and Germany (X units) were the main suppliers of headphone imports to Denmark, together accounting for 83% of total imports. The Netherlands, the Czech Republic, Vietnam and the UK lagged somewhat behind, together accounting for a further 8%.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of +39.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X), China ($X) and Germany ($X) constituted the largest headphone suppliers to Denmark, with a combined 83% share of total imports. The Netherlands, the Czech Republic, Vietnam and the UK lagged somewhat behind, together accounting for a further 8%.

In terms of the main suppliers, Vietnam, with a CAGR of +51.0%, saw the highest growth rate of the value of imports, 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, with an increase of 7.4% against the previous year. In general, the import price enjoyed prominent growth. The pace of growth appeared the most rapid in 2016 an increase of 56%. The import price peaked in 2022 and is likely to see gradual growth in the near future.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Vietnam ($X per unit) and the Czech Republic ($X per unit), while the price for the UK ($X per unit) and Sweden ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+8.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :