CIS: Headphone Market 2024

Headphone Market Size in CIS

The CIS headphone market skyrocketed to $X in 2023, jumping by X% against the previous year. In general, consumption posted strong growth. Over the period under review, the market reached the maximum level in 2023 and is likely to see steady growth in the near future.

Headphone Production in CIS

In value terms, headphone production fell to $X in 2023 estimated in export price. Overall, production posted a moderate increase. The most prominent rate of growth was recorded in 2017 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2018 to 2023, production growth remained at a somewhat lower figure.

Headphone Exports

Exports in CIS

In 2023, headphone exports in the CIS contracted to X units, which is down by X% compared with 2022 figures. Overall, exports, however, continue to indicate resilient growth. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. The volume of export peaked at X units in 2019; however, from 2020 to 2023, the exports remained at a lower figure.

In value terms, headphone exports surged to $X in 2023. In general, exports, however, continue to indicate a significant expansion. The pace of growth was the most pronounced in 2019 with an increase of X%. Over the period under review, the exports attained the peak figure in 2023 and are expected to retain growth in the immediate term.

Exports by Country

Russia was the main exporter of headphones in the CIS, with the volume of exports resulting at X units, which was approx. X% of total exports in 2023. It was distantly followed by Armenia (X units) and Kyrgyzstan (X units), together creating a X% share of total exports. Kazakhstan (X units) took a relatively small share of total exports.

From 2012 to 2023, the biggest increases were recorded for Armenia (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest headphone supplying countries in the CIS were Armenia ($X), Russia ($X) and Kyrgyzstan ($X), with a combined X% share of total exports.

In terms of the main exporting countries, Armenia, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the export price in the CIS amounted to $X per unit, surging by X% against the previous year. Over the period under review, the export price continues to indicate a buoyant expansion. The growth pace was the most rapid in 2022 an increase of X% against the previous year. The level of export peaked in 2023 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Armenia ($X per unit), while Kyrgyzstan ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Russia (X%), while the other leaders experienced a decline in the export price figures.

Headphone Imports

Imports in CIS

In 2023, headphone imports in the CIS surged to X units, increasing by X% against 2022. Overall, imports continue to indicate a prominent expansion. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. The volume of import peaked in 2023 and is expected to retain growth in the immediate term.

In value terms, headphone imports totaled $X in 2023. Over the period under review, imports saw prominent growth. The pace of growth was the most pronounced in 2018 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum in 2023 and are expected to retain growth in years to come.

Imports by Country

Russia was the main importing country with an import of about X units, which resulted at X% of total imports. Kazakhstan (X units) ranks second in terms of the total imports with a X% share, followed by Azerbaijan (X%). The following importers - Belarus (X units) and Uzbekistan (X units) - each reached a X% share of total imports.

Imports into Russia increased at an average annual rate of X% from 2012 to 2023. At the same time, Azerbaijan (X%), Uzbekistan (X%), Belarus (X%) and Kazakhstan (X%) displayed positive paces of growth. Moreover, Azerbaijan emerged as the fastest-growing importer imported in the CIS, with a CAGR of X% from 2012-2023. From 2012 to 2023, the share of Azerbaijan and Uzbekistan increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported headphones in the CIS, comprising X% of total imports. The second position in the ranking was held by Kazakhstan ($X), with a X% share of total imports. It was followed by Belarus, with a X% share.

In Russia, headphone imports expanded at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Kazakhstan (X% per year) and Belarus (X% per year).

Import Prices by Country

The import price in the CIS stood at $X per unit in 2023, dropping by X% against the previous year. In general, the import price saw a noticeable curtailment. The pace of growth was the most pronounced in 2014 an increase of X% against the previous year. The level of import peaked at $X per unit in 2016; however, from 2017 to 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Belarus ($X per unit), while Uzbekistan ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Uzbekistan (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform