Italy: Headphone Market 2024

Headphone Market Size in Italy

After three years of decline, the Italian headphone market increased by 96% to $X in 2022. In general, the total consumption indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Headphone Production in Italy

In value terms, headphone production stood at $X in 2022 estimated in export price. In general, production enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2014 with an increase of 109% against the previous year. Headphone production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Headphone Exports

Exports from Italy

After five years of growth, overseas shipments of headphones decreased by -61.6% to X units in 2022. In general, exports, however, showed a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 190% against the previous year. Over the period under review, the exports attained the maximum at X units in 2021, and then dropped notably in the following year.

In value terms, headphone exports dropped notably to $X in 2022. Overall, exports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2018 when exports increased by 203% against the previous year. The exports peaked at $X in 2021, and then declined markedly in the following year.

Exports by Country

The Netherlands (X units), Germany (X units) and Switzerland (X units) were the main destinations of headphone exports from Italy, together accounting for 52% of total exports. The Czech Republic, Greece, Spain, Poland, France, Bulgaria, Slovakia, Austria, Belgium and Luxembourg lagged somewhat behind, together comprising a further 39%.

From 2012 to 2022, the biggest increases were recorded for Slovakia (with a CAGR of +105.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Germany ($X) and Switzerland ($X) constituted the largest markets for headphone exported from Italy worldwide, together accounting for 52% of total exports. The Czech Republic, Greece, Spain, Poland, France, Bulgaria, Slovakia, Austria, Belgium and Luxembourg lagged somewhat behind, together comprising a further 39%.

In terms of the main countries of destination, Slovakia, with a CAGR of +112.7%, recorded the highest growth rate of 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

The average headphone export price stood at $X per unit in 2022, picking up by 90% against the previous year. In general, export price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Bulgaria ($X per unit) and Poland ($X per unit), while the average price for exports to Slovakia ($X per unit) and Luxembourg ($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 Slovakia (+3.4%), while the prices for the other major destinations experienced more modest paces of growth.

Headphone Imports

Imports into Italy

Headphone imports into Italy amounted to X units in 2022, surging by 2.9% compared with 2021 figures. Overall, imports enjoyed a pronounced expansion. The most prominent rate of growth was recorded in 2018 with an increase of 105% against the previous year. Over the period under review, imports hit record highs at X units in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, headphone imports expanded remarkably to $X in 2022. Over the period under review, imports enjoyed a prominent increase. The growth pace was the most rapid in 2020 when imports increased by 37%. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

Ireland (X units), the Netherlands (X units) and Germany (X units) were the main suppliers of headphone imports to Italy, together accounting for 49% of total imports. China, the Czech Republic, Vietnam, Poland, Belgium, France, Hungary, Denmark, Luxembourg and Slovakia lagged somewhat behind, together accounting for a further 43%.

From 2012 to 2022, the biggest increases were recorded for Slovakia (with a CAGR of +160.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Ireland ($X), the Netherlands ($X) and Germany ($X) appeared to be the largest headphone suppliers to Italy, together comprising 49% of total imports. China, the Czech Republic, Vietnam, Poland, Belgium, France, Hungary, Denmark, Luxembourg and Slovakia lagged somewhat behind, together accounting for a further 43%.

Slovakia, with a CAGR of +186.6%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average headphone import price amounted to $X per unit, growing by 7.4% against the previous year. In general, the import price posted prominent growth. The most prominent rate of growth was recorded in 2016 an increase of 56% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Vietnam ($X per unit) and Poland ($X per unit), while the price for Slovakia ($X per unit) and Luxembourg ($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 (+10.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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