Europe: Headphone Market 2024

Headphone Market Size in Europe

The Europe headphone market declined to $X in 2023, reducing by X% against the previous year. Over the period under review, consumption recorded strong growth. As a result, consumption attained the peak level of $X. From 2021 to 2023, the growth of the market remained at a somewhat lower figure.

Headphone Production in Europe

In value terms, headphone production shrank to $X in 2023 estimated in export price. Over the period under review, production, however, saw prominent growth. The pace of growth appeared the most rapid in 2020 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2023, production growth remained at a lower figure.

Headphone Exports

Exports in Europe

In 2023, shipments abroad of headphones decreased by X% to X units, falling for the second consecutive year after five years of growth. In general, exports, however, posted a buoyant expansion. The pace of growth was the most pronounced in 2018 with an increase of X%. The volume of export peaked at X units in 2021; however, from 2022 to 2023, the exports failed to regain momentum.

In value terms, headphone exports declined to $X in 2023. Overall, exports, however, posted a buoyant expansion. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. The level of export peaked at $X in 2021; however, from 2022 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

The Netherlands was the key exporter of headphones in Europe, with the volume of exports resulting at X units, which was approx. X% of total exports in 2023. Germany (X units) ranks second in terms of the total exports with a X% share, followed by Belgium (X%), Poland (X%) and the UK (X%). The following exporters - France (X units), the Czech Republic (X units), Slovakia (X units), Spain (X units), Italy (X units), Denmark (X units), Sweden (X units) and Hungary (X units) - together made up X% of total exports.

From 2012 to 2023, average annual rates of growth with regard to headphone exports from the Netherlands stood at X%. At the same time, Slovakia (X%), Poland (X%), Spain (X%), Hungary (X%), Italy (X%), France (X%), Belgium (X%), Denmark (X%), the Czech Republic (X%) and the UK (X%) displayed positive paces of growth. Moreover, Slovakia emerged as the fastest-growing exporter exported in Europe, with a CAGR of X% from 2012-2023. Germany experienced a relatively flat trend pattern. By contrast, Sweden (X%) illustrated a downward trend over the same period. While the share of the Netherlands (X p.p.), Poland (X p.p.), Slovakia (X p.p.) and Spain (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Denmark (X p.p.), the Czech Republic (X p.p.), the UK (X p.p.), Sweden (X p.p.) and Germany (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest headphone supplying countries in Europe were the Netherlands ($X), Germany ($X) and the Czech Republic ($X), together accounting for X% of total exports. Poland, Italy, Belgium, Sweden, Denmark, France, the UK, Spain, Hungary and Slovakia lagged somewhat behind, together accounting for a further X%.

In terms of the main exporting countries, Poland, with a CAGR of X%, saw the highest rates of growth with regard to 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 Europe amounted to $X per unit, shrinking by X% against the previous year. Over the period under review, the export price, however, recorded strong growth. The pace of growth was the most pronounced in 2020 when the export price increased by X% against the previous year. Over the period under review, the export prices attained the maximum at $X per unit in 2021; however, from 2022 to 2023, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Sweden ($X per unit), while Belgium ($X per unit) was amongst the lowest.

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

Headphone Imports

Imports in Europe

In 2023, approx. X units of headphones were imported in Europe; with an increase of X% against 2022. In general, imports saw a strong increase. The pace of growth appeared the most rapid in 2018 when imports increased by X% against the previous year. The volume of import peaked in 2023 and is likely to see gradual growth in the immediate term.

In value terms, headphone imports shrank to $X in 2023. Overall, imports showed a strong expansion. The most prominent rate of growth was recorded in 2020 when imports increased by X%. Over the period under review, imports reached the maximum at $X in 2021; however, from 2022 to 2023, imports stood at a somewhat lower figure.

Imports by Country

In 2023, the UK (X units), distantly followed by Russia (X units), the Netherlands (X units), Germany (X units) and Italy (X units) represented the key importers of headphones, together committing X% of total imports. France (X units), Spain (X units), Poland (X units), Ukraine (X units), Belgium (X units) and Switzerland (X units) held a minor share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Italy (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the Netherlands ($X) and France ($X) constituted the countries with the highest levels of imports in 2023, together comprising X% of total imports. The UK, Poland, Italy, Belgium, Spain, Russia, Switzerland and Ukraine lagged somewhat behind, together comprising a further X%.

Poland, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Europe stood at $X per unit in 2023, reducing by X% against the previous year. Over the period under review, the import price, however, saw a mild expansion. The pace of growth was the most pronounced in 2015 an increase of X%. The level of import peaked at $X per unit in 2016; however, from 2017 to 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Germany ($X per unit), while Russia ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform