Europe: Headphone Market 2024

Headphone Market Size in Europe

The Europe headphone market contracted to $X in 2023, which is down by X% against the previous year. Overall, consumption showed a mild expansion. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2023, consumption failed to regain momentum.

Headphone Production in Europe

In value terms, headphone production declined to $X in 2023 estimated in export price. Overall, production, however, continues to indicate a strong increase. The pace of growth was the most pronounced in 2020 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2023, production growth remained at a lower figure.

Headphone Exports

Exports in Europe

In 2023, shipments abroad of headphones decreased by X% to X units, falling for the second consecutive year after five years of growth. Overall, exports, however, showed a resilient increase. The most prominent rate of growth was recorded in 2021 when exports increased by X%. As a result, the exports reached the peak of X units. From 2022 to 2023, the growth of the exports remained at a lower figure.

In value terms, headphone exports dropped to $X in 2023. In general, exports, however, enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2021; however, from 2022 to 2023, the exports remained at a lower figure.

Exports by Country

In 2023, the Netherlands (X units) represented the main exporter of headphones, achieving X% of total exports. It was distantly followed by Germany (X units), Poland (X units), Belgium (X units), the UK (X units) and Slovakia (X units), together generating a X% share of total exports. France (X units), Spain (X units), the Czech Republic (X units), Italy (X units), Denmark (X units), Sweden (X units) and Greece (X units) followed a long way behind the leaders.

From 2012 to 2023, average annual rates of growth with regard to headphone exports from the Netherlands stood at X%. At the same time, Greece (X%), Slovakia (X%), Poland (X%), Spain (X%), Italy (X%), France (X%), Denmark (X%), the UK (X%) and the Czech Republic (X%) displayed positive paces of growth. Moreover, Greece emerged as the fastest-growing exporter exported in Europe, with a CAGR of X% from 2012-2023. Belgium and Germany experienced a relatively flat trend pattern. By contrast, Sweden (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of the Netherlands, Poland, Slovakia, Spain and Greece increased by X, X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest headphone supplying countries in Europe were the Netherlands ($X), Germany ($X) and the Czech Republic ($X), together comprising X% of total exports. Poland, Italy, Belgium, Sweden, Denmark, France, the UK, Spain, Slovakia and Greece lagged somewhat behind, together comprising a further X%.

Greece, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Europe stood at $X per unit in 2023, dropping by X% against the previous year. Over the period under review, the export price, however, enjoyed a prominent increase. The most prominent rate of growth was recorded in 2020 when the export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2021 to 2023, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Sweden ($X per unit), while Slovakia ($X per unit) was amongst the lowest.

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

Headphone Imports

Imports in Europe

In 2023, purchases abroad of headphones increased by X% to X units, rising for the second year in a row after two years of decline. Over the period under review, imports, however, showed a noticeable shrinkage. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at X units in 2019; however, from 2020 to 2023, imports stood at a somewhat lower figure.

In value terms, headphone imports fell to $X in 2023. Overall, imports enjoyed a resilient increase. The pace of growth appeared the most rapid in 2020 with an increase of X%. Over the period under review, imports hit record highs at $X in 2021; however, from 2022 to 2023, imports failed to regain momentum.

Imports by Country

In 2023, the UK (X units), distantly followed by Russia (X units), Italy (X units), the Netherlands (X units) and Germany (X units) represented the key importers of headphones, together creating X% of total imports. The following importers - France (X units), Spain (X units), Poland (X units), Ukraine (X units), Belgium (X units) and Switzerland (X units) - together made up X% of total imports.

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

In value terms, the largest headphone importing markets in Europe were Germany ($X), the Netherlands ($X) and France ($X), with a combined X% share of total imports. The UK, Poland, Italy, Belgium, Spain, Russia, Switzerland and Ukraine lagged somewhat behind, together comprising a further X%.

Poland, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the import price in Europe amounted to $X per unit, dropping by X% against the previous year. Overall, the import price, however, posted a prominent increase. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. Over the period under review, import prices hit record highs at $X per unit in 2021; however, from 2022 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 Germany ($X per unit), while Russia ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform