MENA: Headphone Market 2024

Headphone Market Size in MENA

The MENA's headphone market shrank to $X in 2023, reducing by X% against the previous year. In general, consumption, however, enjoyed a notable expansion. Over the period under review, the market attained the maximum level at $X in 2020; however, from 2021 to 2023, consumption remained at a lower figure.

Headphone Production in MENA

In value terms, headphone production fell to $X in 2023 estimated in export price. Overall, production, however, showed a notable increase. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2023, production remained at a lower figure.

Headphone Exports

Exports in MENA

Headphone exports surged to X units in 2023, growing by X% on 2022 figures. In general, exports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2018 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X units in 2021; however, from 2022 to 2023, the exports remained at a lower figure.

In value terms, headphone exports skyrocketed to $X in 2023. Overall, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The level of export peaked at $X in 2021; however, from 2022 to 2023, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates represented the major exporter of headphones in MENA, with the volume of exports reaching X units, which was approx. X% of total exports in 2023. Turkey (X units) ranks second in terms of the total exports with a X% share, followed by Israel (X%). Oman (X units) took a little share of total exports.

Exports from the United Arab Emirates increased at an average annual rate of X% from 2012 to 2023. At the same time, Oman (X%), Turkey (X%) and Israel (X%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing exporter exported in MENA, with a CAGR of X% from 2012-2023. While the share of Turkey (X p.p.), the United Arab Emirates (X p.p.), Oman (X p.p.) and Israel (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) remains the largest headphone supplier in MENA, comprising X% of total exports. The second position in the ranking was held by Turkey ($X), with a X% share of total exports. It was followed by Israel, with an X% share.

From 2012 to 2023, the average annual growth rate of value in the United Arab Emirates totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: Turkey (X% per year) and Israel (X% per year).

Export Prices by Country

In 2023, the export price in MENA amounted to $X per unit, surging by X% against the previous year. Export price indicated a notable expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, headphone export price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. The level of export peaked in 2023 and is likely to see gradual growth in the immediate term.

Average prices varied somewhat amongst the major exporting countries. In 2023, major exporting countries recorded the following prices: in the United Arab Emirates ($X per unit) and Turkey ($X per unit), while Oman ($X per unit) and Israel ($X per unit) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the other leaders experienced more modest paces of growth.

Headphone Imports

Imports in MENA

In 2023, approx. X units of headphones were imported in MENA; increasing by X% against 2022 figures. Over the period under review, imports showed buoyant growth. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, imports hit record highs at X units in 2021; however, from 2022 to 2023, imports failed to regain momentum.

In value terms, headphone imports declined to $X in 2023. In general, imports enjoyed a strong increase. The pace of growth was the most pronounced in 2018 when imports increased by X%. The level of import peaked at $X in 2021; however, from 2022 to 2023, imports failed to regain momentum.

Imports by Country

In 2023, the United Arab Emirates (X units), distantly followed by Israel (X units), Iraq (X units), Turkey (X units), Oman (X units), Lebanon (X units) and Algeria (X units) were the major importers of headphones, together achieving X% of total imports. Kuwait (X units) held a relatively small share of total imports.

From 2012 to 2023, the biggest increases were recorded for Algeria (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported headphones in MENA, comprising X% of total imports. The second position in the ranking was taken by Iraq ($X), with a X% share of total imports. It was followed by Israel, with a X% share.

From 2012 to 2023, the average annual growth rate of value in the United Arab Emirates amounted to X%. In the other countries, the average annual rates were as follows: Iraq (X% per year) and Israel (X% per year).

Import Prices by Country

In 2023, the import price in MENA amounted to $X per unit, reducing by X% against the previous year. Import price indicated pronounced growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 an increase of X% against the previous year. The level of import peaked at $X per unit in 2017; however, from 2018 to 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Kuwait ($X per unit), while Algeria ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Iraq (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform