Mexico - Headphones - Market Analysis, Forecast, Size, Trends and Insights
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View PricingHeadphone Price in Mexico - 2023
Contents:
- Headphone Price in Mexico (CIF) - 2023
- Headphone Price in Mexico (FOB) - 2023
- Headphone Imports in Mexico
- Headphone Exports in Mexico
Headphone Price in Mexico (CIF) - 2023
The average headphone import price stood at $58.8 per unit in August 2023, remaining stable against the previous month. Over the period under review, the import price, however, recorded a perceptible reduction. The most prominent rate of growth was recorded in July 2023 an increase of 14% m-o-m. The import price peaked at $83.0 per unit in December 2022; however, from January 2023 to August 2023, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In August 2023, the countries with the highest prices were Vietnam ($58.8 per unit) and the United States ($58.8 per unit), while the price for China ($58.8 per unit) and Malaysia ($58.8 per unit) were amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Vietnam (-2.8%), while the prices for the other major suppliers experienced a decline.
Headphone Price in Mexico (FOB) - 2023
In August 2023, the average headphone export price amounted to $46.8 per unit, leveling off at the previous month. Overall, the export price, however, saw a perceptible shrinkage. The pace of growth was the most pronounced in July 2023 when the average export price increased by 12% m-o-m. Over the period under review, the average export prices reached the peak figure at $71.9 per unit in September 2022; however, from October 2022 to August 2023, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for the United States.
From August 2022 to August 2023, the rate of growth in terms of prices for the United States amounted to -3.5% per month.
Headphone Imports in Mexico
In 2022, approx. 5.7M units of headphones were imported into Mexico; which is down by -21.6% on the previous year's figure. In general, imports saw a abrupt setback. The growth pace was the most rapid in 2021 with an increase of 20% against the previous year. Over the period under review, imports reached the peak figure at 8.9M units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, headphone imports dropped to $475M in 2022. The total import value increased at an average annual rate of +7.0% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 31%. As a result, imports attained the peak of $524M, and then contracted in the following year.
| Import of Headphone in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 343 | 325 | 369 | 304 | -3.9% |
| Vietnam | 10.8 | 43.6 | 114 | 137 | 133.2% |
| United States | 20.3 | 16.2 | 17.5 | 16.6 | -6.5% |
| Malaysia | 8.3 | 9.1 | 17.5 | 10.1 | 6.8% |
| Others | 5.7 | 5.9 | 6.3 | 6.3 | 3.4% |
| Total | 388 | 399 | 524 | 475 | 7.0% |
Top Suppliers of Headphone to Mexico in 2022:
- China (3.7M units)
- Vietnam (1.7M units)
- United States (0.2M units)
- Malaysia (0.1M units)
Headphone Exports in Mexico
In 2022, approx. 6.5M units of headphones were exported from Mexico; remaining stable against the previous year's figure. In general, exports recorded a abrupt decrease. The exports peaked at 8.8M units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, headphone exports contracted modestly to $463M in 2022. Overall, total exports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +10.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +49.0% against 2020 indices. The pace of growth was the most pronounced in 2021 when exports increased by 53%. As a result, the exports reached the peak of $476M, and then fell modestly in the following year.
| Export of Headphone in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 339 | 298 | 473 | 462 | 10.9% |
| Others | 4.4 | 13.0 | 3.1 | 0.5 | -51.6% |
| Total | 344 | 311 | 476 | 463 | 10.4% |
Top Export Markets for Headphone from Mexico in 2022:
- United States (6.4M units)
This report provides an in-depth analysis of the headphone market in Mexico. 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:
- Mexico
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Mexico
- 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
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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
732
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During the review period, Amplifier exports reached record highs in 2023 and are expected to continue growing steadily in the near future. In terms of value, Amplifier exports soared to $711M in 2023.
193
The price of the Loudspeaker in June 2023 was $11.3 per unit (FOB, Mexico), showing a decrease of -3.6% compared to the previous month.
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The price of Multiple Loudspeakers in June 2023 reached $24.1 per unit (CIF, Mexico), representing a 19% increase compared to the previous month.
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From December 2022 to October 2023, the Loudspeaker exports experienced a slowdown in growth, but in October 2023, they surged to $37M in value.
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In January 2023, the loudspeaker price stood at $24.8 per unit (FOB, Mexico), which is down by -7.4% against the previous month.
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