Greece: Headphone Market Overview 2021

Headphone Market Size in Greece

The Greek headphone market reduced modestly to $X in 2020, falling by -X% against the previous year. Overall, consumption showed a noticeable descent. The most prominent rate of growth was recorded in 2009 when the market value increased by X% year-to-year. As a result, consumption attained the peak level of $X. From 2010 to 2020, the growth of the market remained at a lower figure.

Headphone Production in Greece

In value terms, headphone production reached $X in 2020 estimated in export prices. In general, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2009 when the production volume increased by X% y-o-y. As a result, production reached the peak level of $X. From 2010 to 2020, production growth failed to regain the momentum.

Headphone Exports

Exports from Greece

In 2020, shipments abroad of headphones increased by X% to X units, rising for the sixth consecutive year after two years of decline. Overall, exports posted significant growth. The pace of growth appeared the most rapid in 2016 when exports increased by X% against the previous year. Over the period under review, exports hit record highs in 2020 and are expected to retain growth in the immediate term.

In value terms, headphone exports surged to $X in 2020. Over the period under review, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2016 with an increase of X% year-to-year. Over the period under review, exports hit record highs in 2020 and are expected to retain growth in the near future.

Exports by Country

Hungary (X units) was the main destination for headphone exports from Greece, with a X% share of total exports. Moreover, headphone exports to Hungary exceeded the volume sent to the second major destination, Croatia (X units), ninefold. Poland (X units) ranked third in terms of total exports with a X% share.

From 2007 to 2020, the average annual growth rate of volume to Hungary stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Croatia (+X% per year) and Poland (+X% per year).

In value terms, Hungary ($X) emerged as the key foreign market for headphone exports from Greece, comprising X% of total exports. The second position in the ranking was occupied by Croatia ($X), with a X% share of total exports. It was followed by Poland, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value to Hungary totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Croatia (+X% per year) and Poland (+X% per year).

Export Prices by Country

In 2020, the average headphone export price amounted to $X per unit, with a decrease of -X% against the previous year. In general, export price indicated measured growth from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, headphone export price increased by +X% against 2012 indices. The pace of growth appeared the most rapid in 2009 when the average export price increased by X% y-o-y. The export price peaked at $X per unit in 2010; however, from 2011 to 2020, export prices failed to regain the momentum.

Prices varied noticeably by the country of destination; the country with the highest price was Bulgaria ($X per unit), while the average price for exports to Hungary ($X per unit) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Poland, while the prices for the other major destinations experienced more modest paces of growth.

Headphone Imports

Imports into Greece

In 2020, approx. X units of headphones were imported into Greece; with a decrease of -X% on the previous year. Overall, imports showed a abrupt slump. The pace of growth appeared the most rapid in 2015 when imports increased by X% against the previous year. Imports peaked at X units in 2016; however, from 2017 to 2020, imports failed to regain the momentum.

In value terms, headphone imports shrank to $X in 2020. In general, imports enjoyed a strong increase. The growth pace was the most rapid in 2018 when imports increased by X% year-to-year. Imports peaked at $X in 2019, and then dropped in the following year.

Imports by Country

In 2020, China (X units) constituted the largest headphone supplier to Greece, with a X% share of total imports. Moreover, headphone imports from China exceeded the figures recorded by the second-largest supplier, Italy (X units), threefold. The Netherlands (X units) ranked third in terms of total imports with a X% share.

From 2007 to 2020, the average annual growth rate of volume from China totaled -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+X% per year) and the Netherlands (-X% per year).

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

From 2007 to 2020, the average annual rate of growth in terms of value from Italy amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+X% per year) and the Netherlands (+X% per year).

Import Prices by Country

The average headphone import price stood at $X per unit in 2020, rising by X% against the previous year. In general, the import price enjoyed a significant expansion. The pace of growth was the most pronounced in 2017 an increase of X% year-to-year. Over the period under review, average import prices reached the maximum in 2020 and is likely to see steady growth in the near future.

Prices varied noticeably by the country of origin; the country with the highest price was Germany ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by China, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for headphones in the world?

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The countries with the highest volumes of headphone consumption in 2020 were the U.S. (599M units), China (563M units) and Mexico (199M units), together accounting for 54% of global consumption. These countries were followed by Spain, India, El Salvador, Japan, South Korea and France, which together accounted for a further 15%.

What are the largest producers of headphones in the world?

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China (1.4B units) constituted the country with the largest volume of headphone production, accounting for 66% of total volume. Moreover, headphone production in China exceeded the figures recorded by the second-largest producer, Viet Nam (109M units), more than tenfold. The third position in this ranking was occupied by Hong Kong SAR (105M units), with a 5% share.

What are the leading suppliers of headphones to Greece?

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In value terms, Italy ($22M) constituted the largest supplier of headphone to Greece, comprising 47% of total imports. The second position in the ranking was occupied by China ($8.9M), with a 19% share of total imports. It was followed by the Netherlands, with a 8.4% share.

What are the leading importers of headphones from Greece?

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In value terms, Hungary ($26M) emerged as the key foreign market for headphone exports from Greece, comprising 49% of total exports. The second position in the ranking was occupied by Croatia ($5.8M), with a 11% share of total exports. It was followed by Poland, with a 7.9% share.

What is the average export price for headphones in Greece?

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The average headphone export price stood at $50 per unit in 2020, shrinking by -1.5% against the previous year.

What is the average import price for headphones in Greece?

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The average headphone import price stood at $157 per unit in 2020, picking up by 77% against the previous year.