Headphone Market Overview in Hungary
Market Overview
The Hungarian headphone market skyrocketed to $
in 2019, increasing by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, recorded a deep reduction. Headphone consumption peaked at $ in 2007; however, from 2008 to 2019, consumption stood at a somewhat lower figure.
in 2019, increasing by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, recorded a deep reduction. Headphone consumption peaked at $ in 2007; however, from 2008 to 2019, consumption stood at a somewhat lower figure.Consumption
In 2019, consumption of headphones in Hungary skyrocketed to units, jumping by % against the previous year's figure. Overall, consumption, however, continues to indicate a precipitous curtailment. Over the period under review, consumption hit record highs at units in 2007; however, from 2008 to 2019, consumption stood at a somewhat lower figure.
The size of the headphone market in Hungary skyrocketed to $ in 2019, with an increase of % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, saw a deep setback. Headphone consumption peaked at $ in 2007; however, from 2008 to 2019, consumption remained at a lower figure.
units, jumping by % against the previous year's figure. Overall, consumption, however, continues to indicate a precipitous curtailment. Over the period under review, consumption hit record highs at units in 2007; however, from 2008 to 2019, consumption stood at a somewhat lower figure.The size of the headphone market in Hungary skyrocketed to $
in 2019, with an increase of % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, saw a deep setback. Headphone consumption peaked at $ in 2007; however, from 2008 to 2019, consumption remained at a lower figure.Market Forecast
Depressed by shrinking demand for headphone in Hungary, the market is expected to continue its downward consumption trend over the next decade. The performance of the market is forecast to contract with an anticipated CAGR of -% for the period from 2019 to , which is projected to depress the market volume to units by the end of .
% for the period from 2019 to , which is projected to depress the market volume to units by the end of .Trade Balance
Hungary remains a net importer of headphone; in physical and value terms, imports consistently exceeded exports from 2007 to 2019. In 2019, there was a significant trade deficit of units, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
units, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
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