Bangladesh: Headphone Market 2022

Headphone Market Size in Bangladesh

In 2021, the Bangladeshi headphone market was finally on the rise to reach $X for the first time since 2017, thus ending a three-year declining trend. Overall, consumption showed a relatively flat trend pattern. Headphone consumption peaked at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Headphone Exports

Exports from Bangladesh

In 2021, overseas shipments of headphones decreased by -X% to X units, falling for the second year in a row after two years of growth. Overall, exports, however, posted a prominent increase. The pace of growth was the most pronounced in 2014 with an increase of X%. The exports peaked at X units in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, headphone exports declined to $X in 2021. Over the period under review, exports, however, showed significant growth. The most prominent rate of growth was recorded in 2018 when exports increased by X%. The exports peaked at $X in 2020, and then dropped in the following year.

Exports by Country

Austria (X units), the Czech Republic (X units) and Slovakia (X units) were the main destinations of headphone exports from Bangladesh, together accounting for X% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Austria (with a CAGR of +X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for headphone exported from Bangladesh were the Czech Republic ($X), India ($X) and China ($X), together comprising X% of total exports.

China, with a CAGR of +X%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average headphone export price stood at $X per unit in 2021, surging by X% against the previous year. Over the period under review, the export price posted a strong increase. The most prominent rate of growth was recorded in 2018 an increase of X%. The export price peaked in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was China ($X per unit), while the average price for exports to Slovakia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to China (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Headphone Imports

Imports into Bangladesh

In 2021, after three years of decline, there was significant growth in overseas purchases of headphones, when their volume increased by X% to X units. Over the period under review, imports enjoyed a slight expansion. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Imports peaked at X units in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, headphone imports skyrocketed to $X in 2021. Overall, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of headphone to Bangladesh, accounting for a X% share of total imports. Moreover, headphone imports from China exceeded the figures recorded by the second-largest supplier, Singapore (X units), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (-X% per year) and Hong Kong SAR (-X% per year).

In value terms, China ($X) constituted the largest supplier of headphone to Bangladesh, comprising X% of total imports. The second position in the ranking was occupied by Singapore ($X), with a X% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (-X% per year) and Hong Kong SAR (-X% per year).

Import Prices by Country

The average headphone import price stood at $X per unit in 2021, reducing by -X% against the previous year. Overall, the import price showed a pronounced setback. The growth pace was the most rapid in 2013 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per unit. From 2014 to 2021, the average import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2021, the country with the highest price was Singapore ($X per unit), while the price for Hong Kong SAR ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (-X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform