Hong Kong SAR, China: Headphone Market 2025

Headphone Market Size in Hong Kong SAR, China

In 2022, after four years of growth, there was decline in the Hong Kong headphone market, when its value decreased by -1.8% to $X. Overall, consumption, however, recorded a drastic downturn. Headphone consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Headphone Production in Hong Kong SAR, China

In value terms, headphone production dropped to $X in 2022 estimated in export price. Over the period under review, production, however, showed a buoyant increase. The most prominent rate of growth was recorded in 2015 with an increase of 174% against the previous year. Headphone production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Headphone Exports

Exports from Hong Kong SAR, China

For the fifth year in a row, Hong Kong SAR recorded decline in shipments abroad of headphones, which decreased by -49% to X units in 2022. In general, exports recorded a drastic downturn. The most prominent rate of growth was recorded in 2017 when exports increased by 8.2% against the previous year. Over the period under review, the exports attained the maximum at X units in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, headphone exports dropped dramatically to $X in 2022. Over the period under review, exports saw a pronounced decline. The most prominent rate of growth was recorded in 2018 when exports increased by 28% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

China (X units), the United States (X units) and Japan (X units) were the main destinations of headphone exports from Hong Kong SAR, with a combined 41% share of total exports. The United Arab Emirates, Germany, India, the UK, Vietnam, the Czech Republic, France, Hungary, the Netherlands and the Philippines lagged somewhat behind, together accounting for a further 32%.

From 2012 to 2022, the biggest increases were recorded for the United Arab Emirates (with a CAGR of +71.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), China ($X) and Japan ($X) were the largest markets for headphone exported from Hong Kong SAR worldwide, together comprising 40% of total exports. Germany, the Netherlands, the United Arab Emirates, India, France, the UK, the Philippines, the Czech Republic, Hungary and Vietnam lagged somewhat behind, together accounting for a further 29%.

The United Arab Emirates, with a CAGR of +85.8%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average headphone export price stood at $X per unit in 2022, rising by 4.8% against the previous year. In general, the export price recorded prominent growth. The most prominent rate of growth was recorded in 2016 an increase of 44% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per unit), while the average price for exports to Vietnam ($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 India (+29.1%), while the prices for the other major destinations experienced more modest paces of growth.

Headphone Imports

Imports into Hong Kong SAR, China

In 2022, headphone imports into Hong Kong SAR declined rapidly to X units, shrinking by -51% on the year before. In general, imports continue to indicate a abrupt contraction. The pace of growth appeared the most rapid in 2017 with an increase of 1.5%. Imports peaked at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, headphone imports dropped rapidly to $X in 2022. Overall, imports recorded a deep downturn. The most prominent rate of growth was recorded in 2017 with an increase of 28% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest headphone supplier to Hong Kong SAR, with a 85% share of total imports. Moreover, headphone imports from China exceeded the figures recorded by the second-largest supplier, Vietnam (X units), ninefold.

From 2012 to 2022, the average annual growth rate of volume from China stood at -18.8%.

In value terms, China ($X) constituted the largest supplier of headphones to Hong Kong SAR, comprising 71% of total imports. The second position in the ranking was held by Vietnam ($X), with a 9.1% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China totaled -12.0%.

Import Prices by Country

The average headphone import price stood at $X per unit in 2022, with a decrease of -17.4% against the previous year. In general, the import price, however, recorded a strong increase. The growth pace was the most rapid in 2017 when the average import price increased by 27% against the previous year. The import price peaked at $X per unit in 2021, and then declined sharply in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Vietnam ($X per unit), while the price for China totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+18.1%).

Source: IndexBox Platform

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