Iceland: Headphone Market Overview 2020

Headphone Market Size in Iceland

The revenue of the headphone market in Iceland amounted to $X in 2018, declining by -X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, headphone consumption continues to indicate a drastic setback. The pace of growth was the most pronounced in 2011 with an increase of X% year-to-year. Over the period under review, the headphone market reached its peak figure level at $X in 2013; however, from 2014 to 2018, consumption remained at a lower figure.

Headphone Exports

Exports from Iceland

In 2018, the exports of headphones from Iceland amounted to X units, falling by -X% against the previous year. In general, headphone exports continue to indicate a deep curtailment. The growth pace was the most rapid in 2011 when exports increased by X% y-o-y. Over the period under review, headphone exports attained their maximum at X units in 2008; however, from 2009 to 2018, exports remained at a lower figure.

In value terms, headphone exports amounted to $X in 2018. Overall, headphone exports continue to indicate an outstanding increase. The pace of growth appeared the most rapid in 2018 with an increase of X% year-to-year. In that year, headphone exports reached their peak and are likely to continue its growth in the immediate term.

Exports by Country

China dominates headphone exports structure, accounting for X units, which was approx. X% of total exports in 2018. It was distantly followed by Viet Nam (X units), creating an X% share of total exports.

Exports from China decreased at an average annual rate of -X% from 2007 to 2018. At the same time, Viet Nam (+X%) displayed positive paces of growth. Moreover, Viet Nam emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. While the share of Viet Nam (+X p.p.) increased significantly in terms of the global exports from 2007-2018, the share of China (-X p.p.) displayed negative dynamics.

In value terms, China ($X), Viet Nam ($X) and Iceland ($X) constituted the countries with the highest levels of exports in 2018, with a combined X% share of total exports.

Viet Nam experienced the highest growth rate of exports, among the main exporting countries over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The headphone export price in Iceland stood at $X per unit in 2018, jumping by X% against the previous year. Overall, the headphone export price continues to indicate an outstanding increase. The most prominent rate of growth was recorded in 2018 when the export price increased by X% against the previous year. In that year, the export prices for headphones attained their peak level and is likely to continue its growth in the immediate term.

Prices varied noticeably by the country of origin; the country with the highest price was Viet Nam ($X per unit), while China stood at $X per unit.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by China.

Headphone Imports

Imports into Iceland

In 2018, the headphone imports into Iceland totaled X units, declining by -X% against the previous year. Over the period under review, headphone imports continue to indicate an abrupt curtailment. The growth pace was the most rapid in 2011 when imports increased by X% y-o-y. Over the period under review, headphone imports attained their peak figure at X units in 2013; however, from 2014 to 2018, imports remained at a lower figure.

In value terms, headphone imports totaled $X in 2018. In general, headphone imports continue to indicate a prominent increase. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Iceland imports peaked at $X in 2017, and then declined slightly in the following year.

Imports by Country

The imports of the three major importers of headphones, namely China, India and the U.S., represented more than half of total import. China, Hong Kong SAR (X units) took a X% share (based on tonnes) of total imports, which put it in second place, followed by Brazil (X%). Russia (X units) and Singapore (X units) followed a long way behind the leaders.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by India, while the other leaders experienced more modest paces of growth.

In value terms, China, Hong Kong SAR ($X), China ($X) and the U.S. ($X) were the countries with the highest levels of imports in 2018, with a combined X% share of total imports.

In terms of the main importing countries, China recorded the highest rates of growth with regard to imports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The headphone import price in Iceland stood at $X per unit in 2018, reducing by -X% against the previous year. Over the period under review, the headphone import price, however, continues to indicate skyrocketing growth. The pace of growth appeared the most rapid in 2014 when the import price increased by X% y-o-y. Iceland import price peaked at $X per unit in 2016; however, from 2017 to 2018, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was China, Hong Kong SAR ($X per unit), while Brazil ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by China, Hong Kong SAR, while the other leaders experienced more modest paces of growth.

Source: IndexBox AI Platform