Greece: Headphone Market 2024

Headphone Market Size in Greece

The Greek headphone market surged to $X in 2022, increasing by 49% against the previous year. In general, consumption continues to indicate a prominent expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Headphone Production in Greece

In value terms, headphone production dropped modestly to $X in 2022 estimated in export price. Overall, the total production indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by +1.0% against 2020 indices. The most prominent rate of growth was recorded in 2014 when the production volume increased by 22%. Headphone production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Headphone Exports

Exports from Greece

After seven years of growth, shipments abroad of headphones decreased by -39.4% to X units in 2022. Overall, exports, however, saw a significant increase. The most prominent rate of growth was recorded in 2016 when exports increased by 757% against the previous year. The exports peaked at X units in 2021, and then fell markedly in the following year.

In value terms, headphone exports dropped to $X in 2022. In general, exports, however, recorded significant growth. The most prominent rate of growth was recorded in 2016 when exports increased by 787% against the previous year. The exports peaked at $X in 2021, and then fell in the following year.

Exports by Country

Germany (X units) was the main destination for headphone exports from Greece, accounting for a 63% share of total exports. Moreover, headphone exports to Germany exceeded the volume sent to the second major destination, Cyprus (X units), sixfold. Italy (X units) ranked third in terms of total exports with a 9.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany totaled +94.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cyprus (+47.5% per year) and Italy (+166.8% per year).

In value terms, Germany ($X) remains the key foreign market for headphones exports from Greece, comprising 63% of total exports. The second position in the ranking was taken by Cyprus ($X), with an 11% share of total exports. It was followed by Italy, with a 9.2% share.

From 2012 to 2022, the average annual growth rate of value to Germany stood at +101.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cyprus (+52.9% per year) and Italy (+176.8% per year).

Export Prices by Country

The average headphone export price stood at $X per unit in 2022, increasing by 43% against the previous year. Over the period under review, export price indicated perceptible growth from 2012 to 2022: its price increased at an average annual rate of +3.6% 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 +130.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average export price increased by 61% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to see steady growth in years to come.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Cyprus ($X per unit) and Estonia ($X per unit), while the average price for exports to Hungary ($X per unit) and Italy ($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 Hungary (+4.5%), while the prices for the other major destinations experienced more modest paces of growth.

Headphone Imports

Imports into Greece

In 2022, headphone imports into Greece surged to X units, jumping by 28% on 2021. Over the period under review, imports posted significant growth. The pace of growth was the most pronounced in 2018 with an increase of 179% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, headphone imports soared to $X in 2022. Overall, imports enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 126%. Over the period under review, imports reached the maximum in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2022, Germany (X units) constituted the largest headphone supplier to Greece, with a 50% share of total imports. Moreover, headphone imports from Germany exceeded the figures recorded by the second-largest supplier, Cyprus (X units), threefold. China (X units) ranked third in terms of total imports with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany totaled +46.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Cyprus (+79.0% per year) and China (+12.7% per year).

In value terms, Germany ($X) constituted the largest supplier of headphones to Greece, comprising 50% of total imports. The second position in the ranking was taken by Cyprus ($X), with an 18% share of total imports. It was followed by China, with an 11% share.

From 2012 to 2022, the average annual growth rate of value from Germany amounted to +58.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Cyprus (+93.4% per year) and China (+21.7% per year).

Import Prices by Country

In 2022, the average headphone import price amounted to $X per unit, with an increase of 7.4% against the previous year. Over the period under review, the import price recorded resilient growth. The pace of growth appeared the most rapid in 2016 when the average import price increased by 56% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Cyprus ($X per unit) and Poland ($X per unit), while the price for Slovakia ($X per unit) and Italy ($X per unit) were amongst the lowest.

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

Source: IndexBox Platform

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