Hong Kong SAR, China - Headphones - Market Analysis, Forecast, Size, Trends and Insights
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View PricingHeadphone Price in Hong Kong SAR - 2023
Contents:
- Headphone Price in Hong Kong SAR (FOB) - 2023
- Headphone Price in Hong Kong SAR (CIF) - 2023
- Headphone Exports in Hong Kong SAR
- Headphone Imports in Hong Kong SAR
Headphone Price in Hong Kong SAR (FOB) - 2023
The average headphone export price stood at $13.8 per unit in September 2023, picking up by 10% against the previous month. Overall, the export price, however, continues to indicate a pronounced downturn. The pace of growth appeared the most rapid in January 2023 when the average export price increased by 27% month-to-month. Over the period under review, the average export prices hit record highs at $19.3 per unit in September 2022; however, from October 2022 to September 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was the Netherlands ($32.6 per unit), while the average price for exports to Canada ($3.7 per unit) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+4.1%), while the prices for the other major destinations experienced mixed trend patterns.
Headphone Price in Hong Kong SAR (CIF) - 2023
The average headphone import price stood at $9.9 per unit in September 2023, picking up by 18% against the previous month. Overall, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in January 2023 an increase of 20% month-to-month. Over the period under review, average import prices hit record highs at $10.6 per unit in September 2022; however, from October 2022 to September 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Vietnam ($15.0 per unit), while the price for China stood at $8.2 per unit.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Vietnam (+4.7%).
Headphone Exports in Hong Kong SAR
For the third year in a row, Hong Kong SAR recorded decline in shipments abroad of headphones, which decreased by -49% to 76M units in 2022. In general, exports showed a significant contraction. The smallest decline of -6.9% was in 2021. Over the period under review, the exports reached the maximum at 238M units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, headphone exports dropped significantly to $1.1B in 2022. Overall, exports continue to indicate a precipitous setback. The smallest decline of -1.8% was in 2021. The exports peaked at $2.6B in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
| Export of Headphone in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 733 | 471 | 455 | 201 | -35.0% |
| China | 589 | 310 | 255 | 167 | -34.3% |
| Japan | 194 | 266 | 174 | 74.8 | -27.2% |
| Germany | 109 | 112 | 134 | 61.4 | -17.4% |
| Netherlands | 232 | 139 | 72.7 | 49.0 | -40.4% |
| United Arab Emirates | 0.1 | 0.1 | 0.2 | 46.4 | 674.2% |
| India | 60.4 | 46.8 | 49.7 | 43.1 | -10.6% |
| France | 22.9 | 20.3 | 38.7 | 37.9 | 18.3% |
| United Kingdom | 49.7 | 45.3 | 51.6 | 26.5 | -18.9% |
| Philippines | 9.9 | 15.2 | 21.2 | 20.8 | 28.1% |
| Czech Republic | 6.9 | 11.8 | 16.5 | 19.7 | 41.9% |
| Hungary | 4.1 | 3.2 | 5.4 | 7.8 | 23.9% |
| Vietnam | 3.7 | 4.5 | 5.3 | 4.7 | 8.3% |
| Others | 632 | 645 | 773 | 337 | -18.9% |
| Total | 2,647 | 2,089 | 2,051 | 1,097 | -25.4% |
Top Export Markets for Headphone from Hong Kong SAR in 2022:
- China (13.1M units)
- United States (12.2M units)
- Japan (6.2M units)
- United Arab Emirates (4.3M units)
- Germany (3.2M units)
- India (2.9M units)
- United Kingdom (2.7M units)
- Vietnam (2.2M units)
- Czech Republic (2.1M units)
- France (2.0M units)
- Hungary (1.9M units)
- Netherlands (1.7M units)
- Philippines (1.5M units)
Headphone Imports in Hong Kong SAR
In 2022, approx. 65M units of headphones were imported into Hong Kong SAR; declining by -51% on 2021 figures. In general, imports recorded a dramatic descent. The smallest decline of -10.3% was in 2021. Over the period under review, imports hit record highs at 212M units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, headphone imports declined rapidly to $565M in 2022. Over the period under review, imports showed a sharp contraction. The smallest decline of -8.2% was in 2021. Imports peaked at $1.9B in 2019; however, from 2020 to 2022, imports failed to regain momentum.
| Import of Headphone in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,711 | 1,280 | 1,155 | 399 | -38.4% |
| Vietnam | 39.0 | 87.9 | 83.9 | 51.3 | 9.6% |
| Others | 157 | 153 | 157 | 115 | -9.9% |
| Total | 1,907 | 1,521 | 1,396 | 565 | -33.3% |
Top Suppliers of Headphone to Hong Kong SAR in 2022:
- China (55.3M units)
- Vietnam (6.2M units)
This report provides an in-depth analysis of the headphone market in Hong Kong SAR, China. 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:
- Hong Kong SAR
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Hong Kong SAR, China
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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This report provides an in-depth analysis of the headphone market in Hong Kong SAR, China.
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During the review period, the exports of Headphone reached their peak at 6M units in August 2023, and experienced a slight decline in the subsequent month. In terms of value, the exports of Headphone witnessed a rapid expansion, reaching $81M in September 2023.
119
In October 2023, the exports of Amplifier reached a record high, with a value of $13M.
335
In March 2023, the amplifier price amounted to $87.4 per unit (FOB, Hong Kong), picking up by 13% against the previous month.
268
In June 2023, the loudspeaker price was $3.4 per unit (FOB, Hong Kong), experiencing a decrease of -6.4% compared to the previous month.
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Between April 2023 and October 2023, there was a lack of growth in exports, specifically in the case of Microphone. In terms of value, the exports of Microphone declined to $31M in October 2023.
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In March 2023, the multiple loudspeakers price amounted to $43.5 per unit (FOB, Hong Kong), increasing by 34% against the previous month.
67
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In 2015, the value of total imports on the global headphone market stood at X million USD. Overall, there was an annual increase of +X% for the period from 2007 to 2015. In physical terms, the total volume of headphone was X million units in X
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From 2007 to 2015, global exports on the headphone market grew by +X% per year, amounting to X million USD in 2015. In physical terms, exports stood at X million units in 2015, which was X million units (X%) less than the year before.
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The global earphone and headphone market is expected to reach X billion USD by 2020. The industry is estimated to grow at a CAGR above +X% over the forecast period due to the recent technological advancements, which resulted in the miniaturization
