PRODUCT CLASSIFICATION

Earphones and Headphones are devices known for their role in enhancing personal audio experience, in a market popularized by the rise of streaming services, mobile tech and remote work and driven by innovation, lifestyle integration and increasing demand for high-quality.

They are designed to deliver sound directly to the user’s ear and come in various forms, such as wired, wireless, in-ear, on-ear and over-ear, and often include features like noise cancellation, voice control and ergonomic design.

Earphones and Headphones are a part of Electrical machinery and electronics, heading of Microphones and Headphones, a category of the Machines section.

They also have a Product Complexity Index of 0.21, ranking 1421 out of 2913 products in 2023.

This post will not consider a specific country’s market, but it will be focused on the Earphones and Headphones trade in general.

OVERVIEW

In 2023, global trade of Earphones and Headphones reached an amount of $19.6B, reflecting an increased percentage of 7.58 from 2022, when it totaled $18.2B and, over the past five years, it has grown at an annualized rate of 6.79%.

In addition, during the same year, Earphones and Headphones ranked 164 out of 4644 products, accounting for 0.087% of world trade.

EXPORT

In 2023 it was estimated that the main characters in the exportation scenario of Earphones and Headphones were

  • China - $8.61B;
  • Vietnam - $4.99B;
  • Netherlands - $764M.

Also, during the same year, the countries that registered the highest share of this category in their export portfolios were

  • Cocos (Keeling) Islands - 1.31%;
  • Vietnam - 1.18%;
  • China - 0.25%.

IMPORT

In 2023 it was revealed that the leading importers of the Earphones and Headphones category in global trade were

  • United States - $3.56B;
  • Germany - $1.54B;
  • United Arab Emirates - $1.41B.

 

CONCLUSIONS

In 2023 the Earphones and Headphones trade continued its strong growth, fueled by the rising demand for wireless models, fitness focused features and immersive audio experiences.

Also, the sector is evolving with smart technologies, premiumization and health-oriented innovations, as they’re essential lifestyle accessories, and this position offers a well-positioned and privileged market.

Source: https://oec.world/en

 

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