Middle East: Headphone Market 2024

Headphone Market Size in the Middle East

The Middle Eastern headphone market rose modestly to $X in 2022, surging by 3.1% against the previous year. In general, consumption continues to indicate a resilient expansion. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Headphone Production in the Middle East

In value terms, headphone production stood at $X in 2022 estimated in export price. In general, production continues to indicate a resilient increase. The most prominent rate of growth was recorded in 2020 with an increase of 67%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Headphone Exports

Exports in the Middle East

After two years of growth, overseas shipments of headphones decreased by -30.4% to X units in 2022. Overall, exports, however, showed resilient growth. The pace of growth was the most pronounced in 2018 when exports increased by 252%. The volume of export peaked at X units in 2021, and then shrank remarkably in the following year.

In value terms, headphone exports shrank rapidly to $X in 2022. Over the period under review, exports, however, showed a significant increase. The pace of growth was the most pronounced in 2018 with an increase of 190%. Over the period under review, the exports attained the maximum at $X in 2021, and then fell markedly in the following year.

Exports by Country

In 2022, the United Arab Emirates (X units) was the key exporter of headphones, achieving 78% of total exports. Israel (X units) took a 12% share (based on physical terms) of total exports, which put it in second place, followed by Turkey (4.8%). Oman (X units) took a minor share of total exports.

Exports from the United Arab Emirates increased at an average annual rate of +4.1% from 2012 to 2022. At the same time, Oman (+41.8%), Israel (+24.5%) and Turkey (+20.8%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of +41.8% from 2012-2022. From 2012 to 2022, the share of Israel, Oman and Turkey increased by +9.7, +4 and +3.5 percentage points, respectively.

In value terms, the United Arab Emirates ($X) remains the largest headphone supplier in the Middle East, comprising 77% of total exports. The second position in the ranking was held by Israel ($X), with a 12% share of total exports. It was followed by Turkey, with a 4.9% share.

From 2012 to 2022, the average annual growth rate of value in the United Arab Emirates amounted to +31.6%. In the other countries, the average annual rates were as follows: Israel (+29.1% per year) and Turkey (+25.3% per year).

Export Prices by Country

The export price in the Middle East stood at $X per unit in 2022, increasing by 8% against the previous year. Overall, the export price showed significant growth. The growth pace was the most rapid in 2013 an increase of 62% against the previous year. Over the period under review, the export prices attained the peak figure in 2022 and is expected to retain growth in years to come.

Average prices varied noticeably amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Turkey ($X per unit) and Israel ($X per unit), while Oman ($X per unit) and the United Arab Emirates ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+26.5%), while the other leaders experienced more modest paces of growth.

Headphone Imports

Imports in the Middle East

In 2022, supplies from abroad of headphones decreased by -9% to X units, falling for the second consecutive year after four years of growth. In general, imports, however, saw a strong expansion. The pace of growth was the most pronounced in 2018 with an increase of 131% against the previous year. Over the period under review, imports hit record highs at X units in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, headphone imports fell to $X in 2022. Over the period under review, imports, however, continue to indicate a strong expansion. The pace of growth appeared the most rapid in 2018 when imports increased by 66% against the previous year. The level of import peaked at $X in 2021, and then contracted in the following year.

Imports by Country

The United Arab Emirates represented the major importing country with an import of around X units, which amounted to 48% of total imports. Iraq (X units) ranks second in terms of the total imports with a 13% share, followed by Kuwait (13%), Israel (11%) and Turkey (5.6%). The following importers - Bahrain (X units) and Qatar (X units) - each finished at a 5.9% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to headphone imports into the United Arab Emirates stood at +10.0%. At the same time, Iraq (+43.5%), Kuwait (+30.0%), Qatar (+29.0%), Israel (+16.1%) and Bahrain (+7.1%) displayed positive paces of growth. Moreover, Iraq emerged as the fastest-growing importer imported in the Middle East, with a CAGR of +43.5% from 2012-2022. Turkey experienced a relatively flat trend pattern. While the share of Iraq (+12 p.p.), Kuwait (+10 p.p.), Israel (+3.4 p.p.) and Qatar (+2.1 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Bahrain (-1.7 p.p.), the United Arab Emirates (-8.3 p.p.) and Turkey (-12.4 p.p.) displayed negative dynamics.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported headphones in the Middle East, comprising 41% of total imports. The second position in the ranking was taken by Israel ($X), with a 16% share of total imports. It was followed by Iraq, with a 9.3% share.

In the United Arab Emirates, headphone imports expanded at an average annual rate of +12.5% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Israel (+24.1% per year) and Iraq (+43.9% per year).

Import Prices by Country

In 2022, the import price in the Middle East amounted to $X per unit, dropping by -1.7% against the previous year. Import price indicated temperate growth from 2012 to 2022: its price 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, headphone import price increased by +18.6% against 2018 indices. The pace of growth was the most pronounced in 2016 when the import price increased by 62% against the previous year. As a result, import price attained the peak level of $X per unit. From 2017 to 2022, the import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Turkey ($X per unit), while Bahrain ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bahrain (+9.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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