Report Update Nov 1, 2024

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

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India: Headphone Market 2024

Headphone Market Size in India

In 2022, the Indian headphone market was finally on the rise to reach $X after three years of decline. Over the period under review, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Headphone Exports

Exports from India

In 2022, shipments abroad of headphones was finally on the rise to reach X units after three years of decline. Over the period under review, exports continue to indicate a significant increase. The growth pace was the most rapid in 2018 when exports increased by 421% against the previous year. As a result, the exports reached the peak of X units. From 2019 to 2022, the growth of the exports remained at a lower figure.

In value terms, headphone exports surged to $X in 2022. In general, exports showed a significant expansion. The pace of growth was the most pronounced in 2018 when exports increased by 367% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X units), Hong Kong SAR (X units) and Bhutan (X units) were the main destinations of headphone exports from India, with a combined 82% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Bhutan (with a CAGR of +196.7%), while the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X) emerged as the key foreign market for headphones exports from India, comprising 43% of total exports. The second position in the ranking was taken by Hong Kong SAR ($X), with a 19% share of total exports. It was followed by the UK, with a 9.2% share.

From 2012 to 2022, the average annual growth rate of value to the United Arab Emirates amounted to +30.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (+91.9% per year) and the UK (+104.1% per year).

Export Prices by Country

The average headphone export price stood at $X per unit in 2022, dropping by -8.7% against the previous year. In general, the export price, however, continues to indicate a noticeable expansion. The pace of growth was the most pronounced in 2021 when the average export price increased by 74% against the previous year. The export price peaked at $X per unit in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per unit), while the average price for exports to Bhutan ($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 China (+42.5%), while the prices for the other major destinations experienced more modest paces of growth.

Headphone Imports

Imports into India

After three years of decline, supplies from abroad of headphones increased by 37% to X units in 2022. Over the period under review, imports, however, saw a abrupt descent. The growth pace was the most rapid in 2016 with an increase of 69% against the previous year. Imports peaked at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, headphone imports soared to $X in 2022. Overall, imports posted a resilient expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Hong Kong SAR (X units) constituted the largest supplier of headphone to India, with a 49% share of total imports. Moreover, headphone imports from Hong Kong SAR exceeded the figures recorded by the second-largest supplier, China (X units), threefold. The third position in this ranking was held by Vietnam (X units), with an 18% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Hong Kong SAR amounted to +17.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-4.7% per year) and Vietnam (-19.5% per year).

In value terms, China ($X) constituted the largest supplier of headphones to India, comprising 53% of total imports. The second position in the ranking was held by Vietnam ($X), with a 17% share of total imports. It was followed by Hong Kong SAR, with a 16% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to +9.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+8.0% per year) and Hong Kong SAR (+30.0% per year).

Import Prices by Country

The average headphone import price stood at $X per unit in 2022, with an increase of 32% against the previous year. In general, the import price showed a strong increase. The pace of growth appeared the most rapid in 2021 when the average import price increased by 106%. The import price peaked in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per unit), while the price for Indonesia ($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 (+34.1%), while the prices for the other major suppliers 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, comprising approx. 48% of total volume. Moreover, headphone consumption in South Africa exceeded the figures recorded by the second-largest consumer, India, threefold. The third position in this ranking was occupied by China, with an 8.1% share.

What are the largest producers of headphones in the world?

China remains the largest headphone producing country worldwide, comprising approx. 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 to India?

In value terms, China constituted the largest supplier of headphone to India.

What are the leading importers of headphones from India?

In value terms, Hong Kong SAR, the United Arab Emirates and China constituted the largest markets for headphone exported from India worldwide, together accounting for 59% of total exports. The United States, the Netherlands, France and Bhutan lagged somewhat behind, together comprising a further 22%.

What is the average export price for headphones in India?

The average headphone export price stood at $3.3 per unit in 2021, shrinking by -17.9% against the previous year.

What is the average import price for headphones in India?

In 2021, the average headphone import price amounted to $0.2 per unit, shrinking by -24.2% against the previous year.

This report provides an in-depth analysis of the headphone market in India. 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:

India

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in India
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

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. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. 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. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
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
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 In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023