Latest Report Update: May 20, 2021

Luxembourg - Headphones - Market Analysis, Forecast, Size, Trends and Insights
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Luxembourg: Headphone Market Overview 2021

Headphone Market Size in Luxembourg

In 2020, the Luxembourg headphone market increased by X% to $X, rising for the third consecutive year after two years of decline. In general, consumption, however, recorded a abrupt downturn. Over the period under review, the market hit record highs at $X in 2007; however, from 2008 to 2020, consumption failed to regain the momentum.

Headphone Exports

Exports from Luxembourg

In 2020, shipments abroad of headphones decreased by -X% to X units, falling for the third year in a row after two years of growth. Over the period under review, exports saw a perceptible curtailment. The growth pace was the most rapid in 2017 when exports increased by X% against the previous year. Exports peaked at X units in 2008; however, from 2009 to 2020, exports failed to regain the momentum.

In value terms, headphone exports reduced markedly to $X in 2020. Overall, exports posted prominent growth. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Exports peaked at $X in 2019, and then shrank significantly in the following year.

Exports by Country

Belgium (X units) was the main destination for headphone exports from Luxembourg, with a X% share of total exports. Moreover, headphone exports to Belgium exceeded the volume sent to the second major destination, Denmark (X units), more than tenfold. The third position in this ranking was occupied by Finland (X units), with a X% share.

From 2007 to 2019, the average annual growth rate of volume to Belgium stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (+X% per year) and Finland (+X% per year).

In value terms, Slovakia ($X) remains the key foreign market for headphone exports from Luxembourg, comprising X% of total exports. The second position in the ranking was occupied by France ($X), with a X% share of total exports. It was followed by Belgium, with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of value to Slovakia stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-X% per year) and Belgium (-X% per year).

Export Prices by Country

The average headphone export price stood at $X per unit in 2019, jumping by X% against the previous year. Over the period under review, the export price saw a buoyant increase. As a result, export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2019, the country with the highest price was Slovakia ($X per unit), while the average price for exports to Finland ($X per unit) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Slovakia, while the prices for the other major destinations experienced more modest paces of growth.

Headphone Imports

Imports into Luxembourg

In 2020, headphone imports into Luxembourg amounted to X units, picking up by X% against the previous year. In general, imports, however, showed a abrupt shrinkage. The growth pace was the most rapid in 2010 with an increase of X% y-o-y. Imports peaked at X units in 2007; however, from 2008 to 2020, imports stood at a somewhat lower figure.

In value terms, headphone imports surged to $X in 2020. Overall, imports, however, continue to indicate a prominent increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2020, Belgium (X units) constituted the largest headphone supplier to Luxembourg, with a X% share of total imports. Moreover, headphone imports from Belgium exceeded the figures recorded by the second-largest supplier, China (X units), fourfold. Hong Kong SAR (X units) ranked third in terms of total imports with a X% share.

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

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

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

Import Prices by Country

In 2020, the average headphone import price amounted to $X per unit, rising by X% against the previous year. Over the period under review, the import price enjoyed significant growth. The pace of growth was the most pronounced in 2008 when the average import price increased by X% y-o-y. Over the period under review, average import prices attained the peak figure in 2020 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Germany ($X per unit), while the price for Hong Kong SAR ($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 (+X% per year), 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?
+
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 comprising 54% of global consumption. Spain, India, El Salvador, Japan, South Korea and France lagged somewhat behind, together comprising a further 15%.
What are the largest producers of headphones in the world?
+
China (1.4B units) constituted the country with the largest volume of headphone production, comprising approx. 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. Hong Kong SAR (105M units) ranked third in terms of total production with a 5% share.
What are the leading suppliers of headphones to Luxembourg?
+
In value terms, China ($11M) constituted the largest supplier of headphone to Luxembourg, comprising 34% of total imports. The second position in the ranking was occupied by Belgium ($3.7M), with a 12% share of total imports. It was followed by Germany, with a 9.8% share.
What are the leading importers of headphones from Luxembourg?
+
In value terms, Slovakia ($391K) remains the key foreign market for headphone exports from Luxembourg, comprising 6.7% of total exports. The second position in the ranking was occupied by France ($130K), with a 2.2% share of total exports. It was followed by Belgium, with a 1.9% share.
What is the average export price for headphones in Luxembourg?
+
In 2019, the average headphone export price amounted to $148 per unit, picking up by 64% against the previous year.
What is the average import price for headphones in Luxembourg?
+
In 2020, the average headphone import price amounted to $337 per unit, picking up by 94% against the previous year.

Product coverage:
• Prodcom 26404270 - Headphones and earphones, even with microphone, and sets consisting of microphone and one or more loudspeakers (excluding airmen

This report provides an in-depth analysis of the headphone market in Luxembourg. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.


Country coverage:
• Luxembourg

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Luxembourg
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2020
Figure 21:
Production, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, 2007–2020
Figure 23:
Imports, In Value Terms, 2007–2020
Figure 24:
Imports, In Physical Terms, By Country, 2020
Figure 25:
Imports, In Physical Terms, By Country, 2007–2020
Figure 26:
Imports, In Value Terms, By Country, 2007–2020
Figure 27:
Import Prices, By Country Of Origin, 2007–2020
Figure 28:
Exports, In Physical Terms, 2007–2020
Figure 29:
Exports, In Value Terms, 2007–2020
Figure 30:
Exports, In Physical Terms, By Country, 2020
Figure 31:
Exports, In Physical Terms, By Country, 2007–2020
Figure 32:
Exports, In Value Terms, By Country, 2007–2020
Figure 33:
Export Prices, By Country Of Destination, 2007–2020

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