Ireland: Headphone Market Overview 2021

Headphone Market Size in Ireland

The Irish headphone market skyrocketed to $X in 2020, jumping by X% against the previous year. In general, consumption enjoyed strong growth. The most prominent rate of growth was recorded in 2011 with an increase of X% year-to-year. Over the period under review, the market attained the maximum level in 2020 and is likely to see steady growth in years to come.

Headphone Production in Ireland

In value terms, headphone production reduced rapidly to $X in 2020 estimated in export prices. Overall, production continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2009 when the production volume increased by X% y-o-y. Over the period under review, production attained the peak level at $X in 2017; however, from 2018 to 2020, production remained at a lower figure.

Headphone Exports

Exports from Ireland

For the third year in a row, Ireland recorded decline in overseas shipments of headphones, which decreased by -X% to X units in 2020. Over the period under review, exports recorded a abrupt contraction. The growth pace was the most rapid in 2009 when exports increased by X% y-o-y. Exports peaked at X units in 2014; however, from 2015 to 2020, exports remained at a lower figure.

In value terms, headphone exports shrank remarkably to $X in 2020. Overall, exports continue to indicate a deep downturn. The growth pace was the most rapid in 2009 when exports increased by X% year-to-year. Exports peaked at $X in 2013; however, from 2014 to 2020, exports stood at a somewhat lower figure.

Exports by Country

The UK (X units) was the main destination for headphone exports from Ireland, with a X% share of total exports. Moreover, headphone exports to the UK exceeded the volume sent to the second major destination, Hong Kong SAR (X units), sixfold. The third position in this ranking was occupied by Germany (X units), with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume to the UK totaled -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (-X% per year) and Germany (-X% per year).

In value terms, the UK ($X) remains the key foreign market for headphone exports from Ireland, comprising X% of total exports. The second position in the ranking was occupied by Hong Kong SAR ($X), with a X% share of total exports. It was followed by Germany, with a X% share.

From 2007 to 2020, the average annual growth rate of value to the UK totaled -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (-X% per year) and Germany (+X% per year).

Export Prices by Country

The average headphone export price stood at $X per unit in 2020, remaining stable against the previous year. Over the last thirteen-year period, it increased at an average annual rate of +X%. The pace of growth was the most pronounced in 2013 when the average export price increased by X% against the previous year. The export price peaked at $X per unit in 2008; however, from 2009 to 2020, export prices failed to regain the momentum.

Average prices varied noticeably for the major export markets. In 2020, the countries with the highest prices were Romania ($X per unit) and Israel ($X per unit), while the average price for exports to the UK ($X per unit) and Germany ($X per unit) were amongst the lowest.

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

Headphone Imports

Imports into Ireland

In 2020, the amount of headphones imported into Ireland skyrocketed to X units, jumping by X% against the previous year's figure. Over the period under review, imports saw a buoyant increase. The most prominent rate of growth was recorded in 2011 when imports increased by X% y-o-y. Over the period under review, imports hit record highs at X units in 2014; however, from 2015 to 2020, imports remained at a lower figure.

In value terms, headphone imports skyrocketed to $X in 2020. In general, imports recorded a buoyant increase. The pace of growth appeared the most rapid in 2018 with an increase of X% year-to-year. Over the period under review, imports hit record highs in 2020 and are expected to retain growth in the immediate term.

Imports by Country

The UK (X units), China (X units) and Taiwan (Chinese) (X units) were the main suppliers of headphone imports to Ireland, together accounting for X% of total imports.

From 2007 to 2020, the biggest increases were in Taiwan (Chinese), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X), China ($X) and Taiwan (Chinese) ($X) were the largest headphone suppliers to Ireland, together accounting for X% of total imports.

Taiwan (Chinese) saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average headphone import price stood at $X per unit in 2020, declining by -X% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2015 an increase of X% y-o-y. As a result, import price reached the peak level of $X per unit. From 2016 to 2020, the growth in terms of the average import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2020, the countries with the highest prices were the U.S. ($X per unit) and Taiwan (Chinese) ($X per unit), while the price for South Korea ($X per unit) and China ($X per unit) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Germany, while the prices for the other major suppliers experienced a decline.

Source: IndexBox AI Platform