New Zealand: Headphone Market 2022

Headphone Market Size in New Zealand

For the sixth year in a row, the New Zealand headphone market recorded growth in sales value, which increased by X% to $X in 2021. Overall, consumption saw resilient growth. Headphone consumption peaked in 2021 and is expected to retain growth in the near future.

Headphone Exports

Exports from New Zealand

After two years of growth, shipments abroad of headphones decreased by -X% to X units in 2021. Overall, exports recorded a abrupt setback. The most prominent rate of growth was recorded in 2020 when exports increased by X%. Over the period under review, the exports attained the maximum at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, headphone exports shrank markedly to $X in 2021. In general, exports recorded a deep setback. The growth pace was the most rapid in 2020 when exports increased by X%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Australia (X units), the United States (X units) and Fiji (X units) were the main destinations of headphone exports from New Zealand, together comprising X% of total exports. French Polynesia, Papua New Guinea, Hong Kong SAR and New Caledonia lagged somewhat behind, together accounting for a further X 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by French Polynesia (with a CAGR of +X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for headphone exported from New Zealand were Australia ($X), the United States ($X) and Fiji ($X), with a combined X% share of total exports. These countries were followed by French Polynesia, Papua New Guinea, Hong Kong SAR and New Caledonia, which together accounted for a further X terms of the main countries of destination, French Polynesia, with a CAGR of +X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average headphone export price stood at $X per unit in 2021, falling by -X% against the previous year. Overall, the export price, however, saw a modest expansion. The most prominent rate of growth was recorded in 2017 an increase of X%. As a result, the export price attained the peak level of $X per unit. From 2018 to 2021, the the average export prices failed to regain momentum.

Average prices varied noticeably for the major external markets. In 2021, the countries with the highest prices were New Caledonia ($X per unit) and Papua New Guinea ($X per unit), while the average price for exports to the United States ($X per unit) and Australia ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Headphone Imports

Imports into New Zealand

In 2021, supplies from abroad of headphones increased by X% to X units, rising for the fifth consecutive year after two years of decline. Overall, total imports indicated a buoyant expansion from 2012 to 2021: its volume increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +X% against 2016 indices. The pace of growth appeared the most rapid in 2019 with an increase of X%. Imports peaked in 2021 and are likely to see gradual growth in years to come.

In value terms, headphone imports soared to $X in 2021. In general, imports recorded buoyant growth. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are likely to see gradual growth in the near future.

Imports by Country

In 2021, China (X units) constituted the largest headphone supplier to New Zealand, accounting for a X% share of total imports. Moreover, headphone imports from China exceeded the figures recorded by the second-largest supplier, Vietnam (X units), sixfold. Malaysia (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+X% per year) and Malaysia (+X% per year).

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

From 2012 to 2021, the average annual growth rate of value from China totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+X% per year) and Malaysia (+X% per year).

Import Prices by Country

The average headphone import price stood at $X per unit in 2021, surging by X% against the previous year. In general, the import price recorded resilient growth. The growth pace was the most rapid in 2016 an increase of X%. The import price peaked in 2021 and is likely to see gradual growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2021, the highest price was recorded for prices from Malaysia ($X per unit) and China ($X per unit), while the price for the United States ($X per unit) and Australia ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform