MERCOSUR: Headphone Market 2024

Headphone Market Size in MERCOSUR

The MERCOSUR headphone market shrank remarkably to $X in 2022, with a decrease of -32.5% against the previous year. Overall, consumption showed a deep setback. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Headphone Production in MERCOSUR

In value terms, headphone production fell slightly to $X in 2022 estimated in export price. In general, production faced a abrupt contraction. The pace of growth appeared the most rapid in 2021 with an increase of 4.4%. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Headphone Exports

Exports in MERCOSUR

In 2022, overseas shipments of headphones decreased by -10.5% to X units, falling for the second year in a row after four years of growth. Overall, exports showed a abrupt decline. The most prominent rate of growth was recorded in 2013 when exports increased by 59% against the previous year. As a result, the exports attained the peak of X units. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, headphone exports soared to $X in 2022. In general, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when exports increased by 127% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Chile was the major exporter of headphones in MERCOSUR, with the volume of exports amounting to X units, which was approx. 48% of total exports in 2022. It was distantly followed by Brazil (X units), Colombia (X units) and Peru (X units), together committing a 47% share of total exports. Venezuela (X units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Venezuela (with a CAGR of +63.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Chile ($X) remains the largest headphone supplier in MERCOSUR, comprising 77% of total exports. The second position in the ranking was taken by Brazil ($X), with a 12% share of total exports. It was followed by Colombia, with a 5.5% share.

From 2012 to 2022, the average annual growth rate of value in Chile amounted to -1.1%. The remaining exporting countries recorded the following average annual rates of exports growth: Brazil (+0.7% per year) and Colombia (+20.0% per year).

Export Prices by Country

The export price in MERCOSUR stood at $X per unit in 2022, rising by 64% against the previous year. Export price indicated a resilient expansion from 2012 to 2022: its price increased at an average annual rate of +5.0% 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 +131.0% against 2019 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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 Chile ($X per unit), while Venezuela ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+14.7%), while the other leaders experienced more modest paces of growth.

Headphone Imports

Imports in MERCOSUR

After three years of growth, purchases abroad of headphones decreased by -49% to X units in 2022. In general, imports showed a abrupt slump. The pace of growth was the most pronounced in 2020 with an increase of 17% against the previous year. Over the period under review, imports attained the peak figure at X units in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, headphone imports dropped notably to $X in 2022. Overall, imports, however, saw a moderate expansion. The most prominent rate of growth was recorded in 2019 with an increase of 28%. Over the period under review, imports attained the peak figure at $X in 2021, and then reduced rapidly in the following year.

Imports by Country

In 2022, Argentina (X units) and Chile (X units) represented the key importers of headphones in MERCOSUR, together amounting to near 77% of total imports. It was distantly followed by Brazil (X units), generating an 11% share of total imports. Colombia (X units), Peru (X units), Uruguay (X units) and Guyana (X units) held a minor share of total imports.

From 2012 to 2022, the biggest increases were recorded for Guyana (with a CAGR of +18.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest headphone importing markets in MERCOSUR were Brazil ($X), Chile ($X) and Colombia ($X), with a combined 70% share of total imports. Peru, Argentina, Uruguay and Guyana lagged somewhat behind, together accounting for a further 22%.

Among the main importing countries, Guyana, with a CAGR of +17.6%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in MERCOSUR amounted to $X per unit, rising by 41% against the previous year. Over the period under review, the import price recorded a resilient increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Peru ($X per unit), while Guyana ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+26.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform