Report Update Nov 1, 2024

World - Headphones - Market Analysis, Forecast, Size, Trends and Insights

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Global Headphone Market 2024

Headphone Market Size

The global headphone market fell dramatically to $X in 2022, dropping by -20.1% against the previous year. Over the period under review, consumption showed a pronounced increase. Over the period under review, the global market attained the peak level at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Headphone Production

In value terms, headphone production contracted remarkably to $X in 2022 estimated in export price. Overall, production posted a moderate increase. The pace of growth was the most pronounced in 2018 with an increase of 67% against the previous year. Over the period under review, global production hit record highs at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Headphone Exports

Exports

In 2022, shipments abroad of headphones increased by 3.3% to X units, rising for the fifth consecutive year after five years of decline. Overall, exports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by 69% against the previous year. Over the period under review, the global exports hit record highs at X units in 2012; afterwards, it flattened through to 2022.

In value terms, headphone exports fell to $X in 2022. Over the period under review, exports showed strong growth. The growth pace was the most rapid in 2020 with an increase of 30% against the previous year. As a result, the exports reached the peak of $X. From 2021 to 2022, the growth of the global exports failed to regain momentum.

Exports by Country

China was the key exporter of headphones in the world, with the volume of exports accounting for X units, which was approx. 76% of total exports in 2022. It was distantly followed by Vietnam (X units), constituting an 11% share of total exports. Hong Kong SAR (X units) and Poland (X units) followed a long way behind the leaders.

China experienced a relatively flat trend pattern with regard to volume of exports of headphones. At the same time, Poland (+53.2%) and Vietnam (+32.8%) displayed positive paces of growth. Moreover, Poland emerged as the fastest-growing exporter exported in the world, with a CAGR of +53.2% from 2012-2022. By contrast, Hong Kong SAR (-15.5%) illustrated a downward trend over the same period. While the share of Vietnam (+9.9 p.p.) and Poland (+1.8 p.p.) increased significantly in terms of the global exports from 2012-2022, the share of China (-2.9 p.p.) and Hong Kong SAR (-13.5 p.p.) displayed negative dynamics.

In value terms, China ($X), Vietnam ($X) and Hong Kong SAR ($X) appeared to be the countries with the highest levels of exports in 2022, together accounting for 46% of global exports. Poland lagged somewhat behind, accounting for a further 2.6%.

In terms of the main exporting countries, Poland, with a CAGR of +35.5%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other global leaders experienced mixed trends in the exports figures.

Export Prices by Country

The average headphone export price stood at $X per unit in 2022, with a decrease of -11.2% against the previous year. Overall, the export price, however, saw a resilient increase. The growth pace was the most rapid in 2016 an increase of 236% against the previous year. The global export price peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

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 Hong Kong SAR ($X per unit), while China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+13.5%), while the other global leaders experienced mixed trends in the export price figures.

Headphone Imports

Imports

Global headphone imports contracted modestly to X units in 2022, reducing by -2.6% against 2021 figures. Over the period under review, imports recorded a pronounced downturn. The growth pace was the most rapid in 2017 with an increase of 8% against the previous year. Global imports peaked at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, headphone imports reduced to $X in 2022. Overall, imports, however, continue to indicate a remarkable increase. The pace of growth was the most pronounced in 2020 with an increase of 26% against the previous year. Global imports peaked at $X in 2021, and then dropped in the following year.

Imports by Country

The United States was the largest importing country with an import of about X units, which amounted to 35% of total imports. It was distantly followed by China (X units), Germany (X units) and Hong Kong SAR (X units), together comprising a 24% share of total imports. Russia (X units), India (X units), Canada (X units), Poland (X units), Singapore (X units), the Czech Republic (X units) and Japan (X units) took a relatively small share of total imports.

From 2012 to 2022, average annual rates of growth with regard to headphone imports into the United States stood at +2.5%. At the same time, Poland (+30.7%), the Czech Republic (+23.3%), Germany (+13.2%), Singapore (+8.7%) and Canada (+4.8%) displayed positive paces of growth. Moreover, Poland emerged as the fastest-growing importer imported in the world, with a CAGR of +30.7% from 2012-2022. Russia experienced a relatively flat trend pattern. By contrast, China (-1.9%), India (-7.5%), Japan (-10.7%) and Hong Kong SAR (-18.9%) illustrated a downward trend over the same period. While the share of the United States (+15 p.p.), Germany (+4.6 p.p.), Poland (+2 p.p.) and the Czech Republic (+1.5 p.p.) increased significantly in terms of the global imports from 2012-2022, the share of Japan (-2.2 p.p.), India (-2.2 p.p.) and Hong Kong SAR (-26.3 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported headphones worldwide, comprising 29% of global imports. The second position in the ranking was held by Germany ($X), with a 7% share of global imports. It was followed by Japan, with a 4.6% share.

From 2012 to 2022, the average annual growth rate of value in the United States totaled +15.0%. In the other countries, the average annual rates were as follows: Germany (+12.5% per year) and Japan (+12.3% per year).

Import Prices by Country

The average headphone import price stood at $X per unit in 2022, reducing by -2.9% against the previous year. Over the period under review, the import price, however, continues to indicate resilient growth. The most prominent rate of growth was recorded in 2019 an increase of 32% against the previous year. Global import price peaked at $X per unit in 2021, and then reduced in the following year.

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 Japan ($X per unit), while China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+25.7%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for headphones in the world?

South Africa remains the largest headphone consuming country worldwide, accounting for 48% of total volume. Moreover, headphone consumption in South Africa exceeded the figures recorded by the second-largest consumer, India, threefold. China ranked third in terms of total consumption with an 8.1% share.

What are the largest producers of headphones in the world?

The country with the largest volume of headphone production was China, accounting for 89% of total volume. It was followed by the United States, with a 2.2% share of total production.

What are the leading suppliers of headphones in the world?

In value terms, China remains the largest headphone supplier worldwide, comprising 39% of global exports. The second position in the ranking was occupied by Hong Kong SAR, with a 9.5% share of global exports.

What are the leading importers of headphones in the world?

In value terms, the United States constitutes the largest market for imported headphones worldwide, comprising 25% of global imports. The second position in the ranking was occupied by Germany, with a 7.1% share of global imports. It was followed by the Netherlands, with a 5.7% share.

What is the average export price for headphones in the world?

The average headphone export price stood at $2.6 per unit in 2021, which is down by -33.5% against the previous year.

What is the average import price for headphones in the world?

The average headphone import price stood at $2.4 per unit in 2021, declining by -22.8% against the previous year.

This report provides an in-depth analysis of the global headphone market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 26404270 - Headphones and earphones, even with microphone, and sets consisting of microphone and one or more loudspeakers (excluding airmen

Country coverage:

Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

+ the largest producing countries

Data coverage:

Global market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Global production, split by region and country
Global trade (exports and imports)
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Company coverage:

AKG, Allen & Heath, Alesis, Amkette, Andrea Electronics, Apple Inc., ARCTIC, Astell&Kern, Asus, AudioQuest, Audio-Technica, Bang & Olufsen, Beats Electronics, Behringer, Beyerdynamic, Boombotix, Bose Corporation, Bowers & Wilkins, Bush, Corsair, Creative, Denon, Devialet, Edifier, Encore Data Products, Fender Musical, Instruments Corporation, Fiio, Focal, Focusrite, Fostex, Goji Electronics, Grado Labs, Happy Plugs, Harman Kardon, HiFiMAN Electronics, iBall, iFrogz, Jabra, JBL, JH Audio, JLab Audio, JVC, KEF, Klipsch Audio Technologies, Koss Corporation, Kygo Life AS, Logitech, LG, M-Audio, Marshall Amplification, Master & Dynamic, McIntosh, Meizu, Meze Audio, Microsoft, Monoprice, Monster, Nakamichi, Onkyo, OPPO Digital, Panasonic, Parrot SA, Phiaton, Philips, Pioneer (Pioneer DJ line), Plantronics, Gamecom, PSB, Razer, RHA Audio, Roland, Samsung, Sennheiser, Shure, Skullcandy, SMS Audio, Sol Republic, Sony, Stax Ltd, SteelSeries, Technics, Thinksound, Turtle Beach Systems, Ultimate Ears, Ultrasone, Underwater Audio, Urbanears, V-MODA, Velodyne, Vox, Westone, Xiaomi, Yamaha

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. CONSUMPTION BY COUNTRY
3. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
2. PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
11. COUNTRY PROFILES

The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO
- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption, By Country, 2018–2023
5. Production, In Physical Terms, By Country, 2012–2023
6. Imports, In Physical Terms, By Country, 2012–2023
7. Imports, In Value Terms, By Country, 2012–2023
8. Import Prices, By Country Of Destination, 2012–2023
9. Exports, In Physical Terms, By Country, 2012–2023
10. Exports, In Value Terms, By Country, 2012–2023
11. Export Prices, By Country Of Origin, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Consumption, By Country, 2023
4. Market Volume Forecast to 2030
5. Market Value Forecast to 2030
6. Products: Market Size And Growth, By Type
7. Products: Average Per Capita Consumption, By Type
8. Products: Exports And Growth, By Type
9. Products: Export Prices And Growth, By Type
10. Production Volume And Growth
11. Exports And Growth
12. Export Prices And Growth
13. Market Size And Growth
14. Per Capita Consumption
15. Imports And Growth
16. Import Prices
17. Production, In Physical Terms, 2012–2023
18. Production, In Value Terms, 2012–2023
19. Production, By Country, 2023
20. Production, In Physical Terms, By Country, 2012–2023
21. Imports, In Physical Terms, 2012–2023
22. Imports, In Value Terms, 2012–2023
23. Imports, In Physical Terms, By Country, 2023
24. Imports, In Physical Terms, By Country, 2012–2023
25. Imports, In Value Terms, By Country, 2012–2023
26. Import Prices, By Country, 2012–2023
27. Exports, In Physical Terms, 2012–2023
28. Exports, In Value Terms, 2012–2023
29. Exports, In Physical Terms, By Country, 2023
30. Exports, In Physical Terms, By Country, 2012–2023
31. Exports, In Value Terms, By Country, 2012–2023
32. Export Prices, 2012–2023