Italy: Headphone Market 2024

Headphone Market Size in Italy

In 2023, after eleven years of growth, there was significant decline in the Italian headphone market, when its value decreased by X% to $X. In general, consumption, however, showed a buoyant increase. As a result, consumption reached the peak level of $X, and then shrank markedly in the following year.

Headphone Production in Italy

In value terms, headphone production reduced to $X in 2023 estimated in export price. Overall, production, however, enjoyed a strong increase. The most prominent rate of growth was recorded in 2014 when the production volume increased by X%. Over the period under review, production attained the maximum level at $X in 2017; however, from 2018 to 2023, production failed to regain momentum.

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Headphone Exports

Exports from Italy

In 2023, overseas shipments of headphones increased by X% to X units for the first time since 2019, thus ending a three-year declining trend. Overall, exports enjoyed a strong increase. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at X units in 2019; however, from 2020 to 2023, the exports remained at a lower figure.

In value terms, headphone exports declined rapidly to $X in 2023. In general, exports posted significant growth. The most prominent rate of growth was recorded in 2018 when exports increased by X%. The exports peaked at $X in 2021; however, from 2022 to 2023, the exports failed to regain momentum.

Exports by Country

Germany (X units) was the main destination for headphone exports from Italy, with a X% share of total exports. Moreover, headphone exports to Germany exceeded the volume sent to the second major destination, Switzerland (X units), fivefold. The Czech Republic (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume to Germany totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (X% per year) and the Czech Republic (X% per year).

In value terms, the largest markets for headphone exported from Italy were Switzerland ($X), the Netherlands ($X) and Germany ($X), with a combined X% share of total exports. The Czech Republic, Spain, Bulgaria, France, Poland, Greece, Slovenia, the UK, Malta and Croatia lagged somewhat behind, together comprising a further X%.

Bulgaria, with a CAGR of X%, recorded the highest growth rate of the value of exports, among 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

In 2023, the average headphone export price amounted to $X per unit, dropping by X% against the previous year. In general, the export price, however, continues to indicate strong growth. The most prominent rate of growth was recorded in 2020 when the average export price increased by X%. The export price peaked at $X per unit in 2021; however, from 2022 to 2023, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per unit), while the average price for exports to Germany ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (X%), while the prices for the other major destinations experienced more modest paces of growth.

Headphone Imports

Imports into Italy

After eleven years of growth, purchases abroad of headphones decreased by X% to X units in 2023. In general, imports, however, enjoyed a significant expansion. The growth pace was the most rapid in 2022 with an increase of X%. As a result, imports attained the peak of X units, and then fell significantly in the following year.

In value terms, headphone imports reduced sharply to $X in 2023. Over the period under review, imports, however, posted a buoyant expansion. The pace of growth appeared the most rapid in 2022 when imports increased by X%. As a result, imports attained the peak of $X, and then contracted dramatically in the following year.

Imports by Country

The Netherlands (X units), Germany (X units) and Slovenia (X units) were the main suppliers of headphone imports to Italy, together comprising X% of total imports.

From 2020 to 2023, the biggest increases were recorded for Slovenia (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Germany ($X) and the Czech Republic ($X) appeared to be the largest headphone suppliers to Italy, together accounting for X% of total imports. China, Poland, Belgium, Spain, France, Luxembourg, Slovenia, Denmark, Croatia and Bulgaria lagged somewhat behind, together comprising a further X%.

Croatia, with a CAGR of X%, recorded 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

The average headphone import price stood at $X per unit in 2023, declining by X% against the previous year. Overall, the import price showed a deep setback. Over the period under review, average import prices attained the maximum at $X per unit in 2020; however, from 2021 to 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was the Czech Republic ($X per unit), while the price for Bulgaria ($X per unit) was amongst the lowest.

From 2020 to 2023, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform