Middle East: Headphone Market 2024

Headphone Market Size in the Middle East

The Middle Eastern headphone market contracted to $X in 2023, waning by X% against the previous year. Over the period under review, consumption, however, saw a perceptible increase. Over the period under review, the market attained the peak level at $X in 2020; however, from 2021 to 2023, consumption remained at a lower figure.

Headphone Production in the Middle East

In value terms, headphone production reduced to $X in 2023 estimated in export price. Overall, production, however, showed a tangible increase. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2023, production remained at a lower figure.

Headphone Exports

Exports in the Middle East

In 2023, approx. X units of headphones were exported in the Middle East; increasing by X% compared with the previous year's figure. Over the period under review, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2018 with an increase of 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 failed to regain momentum.

In value terms, headphone exports surged to $X in 2023. In general, exports saw a significant increase. The pace of growth was the most pronounced in 2018 when exports increased by X%. Over the period under review, the exports reached the peak figure at $X in 2021; however, from 2022 to 2023, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates represented the main exporting country with an export of about X units, which reached X% of total exports. Turkey (X units) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Israel (X%). Oman (X units) followed a long way behind the leaders.

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 the Middle East, with a CAGR of X% from 2012-2023. From 2012 to 2023, the share of Turkey, the United Arab Emirates, Oman and Israel increased by X, X, X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) remains the largest headphone supplier in the Middle East, comprising X% of total exports. The second position in the ranking was taken by Turkey ($X), with a X% share of total exports. 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%. 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 the Middle East amounted to $X per unit, increasing by X% against the previous year. Export price indicated a pronounced 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 pace of growth appeared the most rapid in 2020 when the export price increased by X%. The level of export peaked in 2023 and is likely to see gradual growth in the near future.

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 the Middle East

In 2023, imports of headphones in the Middle East expanded slightly to X units, surging by X% on 2022 figures. Over the period under review, imports enjoyed a prominent expansion. The pace of growth was the most pronounced in 2018 when imports increased by X% against the previous year. The volume of import peaked at X units in 2021; however, from 2022 to 2023, imports remained at a lower figure.

In value terms, headphone imports reduced to $X in 2023. In general, imports recorded a buoyant increase. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure 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) and Lebanon (X units) were the largest importers of headphones, together constituting X% of total imports. Kuwait (X units) held a minor share of total imports.

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

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported headphones in the Middle East, comprising X% of total imports. The second position in the ranking was held by Iraq ($X), with an 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 stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: Iraq (X% per year) and Israel (X% per year).

Import Prices by Country

The import price in the Middle East stood at $X per unit in 2023, with a decrease of X% against the previous year. Overall, the import price, however, showed a moderate increase. The pace of growth was the most pronounced in 2015 an increase of X% against the previous year. Over the period under review, import prices attained the maximum at $X per unit in 2016; however, from 2017 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 ($X per unit), while Oman ($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