
Denmark - Headphones - Market Analysis, Forecast, Size, Trends and Insights
Denmark: Headphone Market 2023
Headphone Market Size in Denmark
In 2021, the Danish headphone market decreased by -36.7% to $X, falling for the second year in a row after four years of growth. Over the period under review, consumption saw a noticeable contraction. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.
Headphone Production in Denmark
In value terms, headphone production reduced dramatically to $X in 2021 estimated in export price. In general, production saw a abrupt setback. The most prominent rate of growth was recorded in 2020 with an increase of 103%. Headphone production peaked at $X in 2016; however, from 2017 to 2021, production stood at a somewhat lower figure.
Headphone Exports
Exports from Denmark
In 2021, overseas shipments of headphones increased by 39% to X units, rising for the third consecutive year after two years of decline. Over the period under review, exports enjoyed significant growth. The growth pace was the most rapid in 2020 with an increase of 156%. The exports peaked in 2021 and are likely to continue growth in the near future.
In value terms, headphone exports expanded notably to $X in 2021. In general, exports continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2020 with an increase of 63% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the immediate term.
Exports by Country
Sweden (X units), Germany (X units) and the UK (X units) were the main destinations of headphone exports from Denmark, together comprising 49% of total exports. Norway, Poland, Italy, the Netherlands, France and the United States lagged somewhat behind, together comprising a further 33%.
From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Italy (with a CAGR of +55.4%), while the other leaders experienced more modest paces of growth.
In value terms, Germany ($X), Sweden ($X) and Italy ($X) constituted the largest markets for headphone exported from Denmark worldwide, with a combined 48% share of total exports.
Italy, with a CAGR of +52.7%, recorded the highest rates of growth with regard to the value of exports, in terms of 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, declining by -20.7% against the previous year. Over the period under review, the export price saw a abrupt decline. The most prominent rate of growth was recorded in 2018 when the average export price increased by 46% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2019 to 2021, the average export prices failed to regain momentum.
Prices varied noticeably country of destination: the country with the highest price was Italy ($X per unit), while the average price for exports to Norway ($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 Italy (-1.8%), while the prices for the other major destinations experienced a decline.
Headphone Imports
Imports into Denmark
For the fifth consecutive year, Denmark recorded growth in supplies from abroad of headphones, which increased by 0.7% to X units in 2021. The total import volume increased at an average annual rate of +4.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 with an increase of 26% against the previous year. Imports peaked in 2021 and are expected to retain growth in the near future.
In value terms, headphone imports stood at $X in 2021. In general, imports recorded a prominent expansion. The most prominent rate of growth was recorded in 2020 with an increase of 39%. Imports peaked in 2021 and are expected to retain growth in the near future.
Imports by Country
China (X units), Sweden (X units) and Germany (X units) were the main suppliers of headphone imports to Denmark, together accounting for 87% of total imports. These countries were followed by the Netherlands and the Czech Republic, which together accounted for a further 4.3%.
From 2012 to 2021, the biggest increases were recorded for the Czech Republic (with a CAGR of +23.7%), while purchases for the other leaders experienced more modest paces of growth.
In value terms, the largest headphone suppliers to Denmark were Sweden ($X), China ($X) and Germany ($X), together accounting for 82% of total imports.
Sweden, with a CAGR of +24.2%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.
Import Prices by Country
In 2021, the average headphone import price amounted to $X per unit, approximately reflecting the previous year. In general, import price indicated a prominent increase from 2012 to 2021: its price increased at an average annual rate of +6.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, headphone import price increased by +80.2% against 2013 indices. The growth pace was the most rapid in 2020 an increase of 39% against the previous year. Over the period under review, average import prices reached the maximum in 2021 and is likely to see gradual growth in the near future.
There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the Czech Republic ($X per unit), while the price for China ($X per unit) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+8.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Base Year | Historical Period | Forecast Period | Units |
---|---|---|---|
2022 | 2012-2022 | 2023-2030 | US$, Tons |
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the headphone market in Denmark. 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.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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