Report Update Nov 1, 2024

Sri Lanka - Headphones - Market Analysis, Forecast, Size, Trends and Insights

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Sri Lanka: Headphone Market 2024

Headphone Market Size in Sri Lanka

After two years of growth, the Sri Lankan headphone market decreased by -51.5% to $X in 2022. Overall, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2021, and then dropped notably in the following year.

Headphone Exports

Exports from Sri Lanka

In 2022, the amount of headphones exported from Sri Lanka reduced to X units, declining by -10.4% on the previous year's figure. Over the period under review, exports saw a deep reduction. The most prominent rate of growth was recorded in 2021 with an increase of 471%. The exports peaked at X units in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, headphone exports dropped to $X in 2022. In general, exports showed a sharp curtailment. The pace of growth appeared the most rapid in 2021 with an increase of 489% against the previous year. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

China (X units), Singapore (X units) and Maldives (X units) were the main destinations of headphone exports from Sri Lanka, together accounting for 99% 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 China (with a CAGR of +79.6%), while the other leaders experienced mixed trend patterns.

In value terms, the largest markets for headphone exported from Sri Lanka were Singapore ($X), China ($X) and Maldives ($X), together accounting for 97% of total exports.

Among the main countries of destination, China, with a CAGR of +58.9%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average headphone export price amounted to $X per unit, increasing by 4.8% against the previous year. Over the period under review, the export price, however, recorded a deep contraction. The pace of growth appeared the most rapid in 2014 when the average export price increased by 50%. Over the period under review, the average export prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Australia ($X per unit), while the average price for exports to Maldives ($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 Singapore (+1.0%), while the prices for the other major destinations experienced a decline.

Headphone Imports

Imports into Sri Lanka

In 2022, purchases abroad of headphones decreased by -35% to X units for the first time since 2019, thus ending a two-year rising trend. Overall, imports, however, saw a slight increase. The most prominent rate of growth was recorded in 2018 when imports increased by 86%. Imports peaked at X units in 2021, and then declined notably in the following year.

In value terms, headphone imports contracted significantly to $X in 2022. In general, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 82%. As a result, imports reached the peak of $X, and then fell sharply in the following year.

Imports by Country

In 2022, China (X units) was the main headphone supplier to Sri Lanka, accounting for a 94% share of total imports. Moreover, headphone imports from China exceeded the figures recorded by the second-largest supplier, Hong Kong SAR (X units), more than tenfold. The third position in this ranking was held by Singapore (X units), with a 1.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +5.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (-13.3% per year) and Singapore (-15.5% per year).

In value terms, China ($X) constituted the largest supplier of headphones to Sri Lanka, comprising 72% of total imports. The second position in the ranking was taken by Hong Kong SAR ($X), with an 8.9% share of total imports. It was followed by Singapore, with a 3.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +7.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (+0.9% per year) and Singapore (-19.5% per year).

Import Prices by Country

The average headphone import price stood at $X per unit in 2022, declining by -34.3% against the previous year. In general, the import price continues to indicate a mild shrinkage. The growth pace was the most rapid in 2016 when the average import price increased by 51%. Over the period under review, average import prices hit record highs at $X per unit in 2021, and then declined notably in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United Arab Emirates ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+16.3%), 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 Sri Lanka?

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

What are the leading importers of headphones from Sri Lanka?

In value terms, Vietnam, Maldives and the United Arab Emirates appeared to be the largest markets for headphone exported from Sri Lanka worldwide, together accounting for 81% of total exports. Singapore and the UK lagged somewhat behind, together accounting for a further 8%.

What is the average export price for headphones in Sri Lanka?

In 2021, the average headphone export price amounted to $23 per unit, picking up by 9.1% against the previous year.

What is the average import price for headphones in Sri Lanka?

The average headphone import price stood at $1.3 per unit in 2021, increasing by 40% against the previous year.

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

Sri Lanka

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Sri Lanka
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