The World Market for Headphones, Earphones, and Combined Microphone- Speaker Sets: A 2011 Global Trade Perspective

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1 The World Market for Headphones, Earphones, and Combined Microphone- Speaker Sets: A 2011 Global Trade By Professor Philip M. Parker, Ph. D. Chaired Professor of Management Science INSEAD (Singapore & Fontainebleau, France)

2 ii COPYRIGHT NOTICE ISBN All of ICON Group Ltd. publications are copyrighted. Copying our publications in whole or in part, for whatever reason, is a violation of copyright laws and can lead to penalties and fines. Should you want to copy tables, graphs or other materials from our publications, please contact us to request permission. ICON Group Ltd. often grants permission for very limited reproduction of our publications for internal use, press releases, and academic research. Such reproduction requires, however, confirmed permission from ICON Group Ltd. Please read the full copyright notice, disclaimer, and user agreement provisions at the end of this report. IMPORTANT DISCLAIMER Neither ICON Group Ltd. nor its employees can be held accountable for the use and subsequent actions of the user of the information provided in this publication. Great efforts have been made to ensure the accuracy of the data, but we can not guarantee, given the volume of information, accuracy. Since the information given in this report is forward-looking, the reader should read the disclaimer statement and user agreement provisions at the end of this report.

3 iii About the Author Dr. Philip M. Parker is the Eli Lilly Chaired Professor of Innovation, Business and Society at INSEAD where he has taught courses on multivariate statistics and global competitive strategy since He has also taught courses at MIT, Stanford University, Harvard University, UCLA, UCSD, and the Hong Kong University of Science and Technology. He is the author of six books on the economic convergence of nations. These books introduce the notion of physioeconomics which foresees a lack of global convergence in economic behaviors due to physiological and physiographic forces. His latest book is "Physioeconomics: The Basis for Long-Run Economic Growth" (MIT Press 2000). He has also published numerous articles in academic journals, including The Rand Journal of Economics, Marketing Science, the Journal of International Business Studies, Technological Forecasting and Social Change, International Journal of Forecasting, the European Management Journal, the European Journal of Operational Research, Journal of Marketing, International Journal of Research in Marketing, and Journal of Marketing Research. He is also on the editorial boards of several academic journals. Dr. Parker received his Ph.D. in Business Economics from the Wharton School of the University of Pennsylvania and has Masters degrees in Finance and Banking (University of Aix-Marseille) and Managerial Economics (Wharton). His undergraduate degrees are in mathematics, biology and economics (minor in aeronautical engineering). He has consulted and/or taught courses in Africa, the Middle East, Asia, Latin America, North America and Europe. About this Series This series was created for international firms who rely on foreign export markets for a substantial portion of their business or who might be threatened by foreign trade competition. The estimates given in this report were created using a methodology developed by and under the direct supervision of Professor Philip M. Parker, the Eli Lilly Chaired Professor of Innovation, Business and Society, at INSEAD. The methodology, relying on historical figures of economic growth and trade flows, estimates the market shares of some 150 countries for over 500 industrial or product categories. The figures should be seen as market estimates, as opposed to historical records, as these are projected for the current year of trade. Acknowledgements Some of the methodologies and research approaches used in this report have benefited from the R&D Committee at INSEAD, whose research support is gratefully acknowledged. Additional editorial assistance from Tiffany LaRochelle, ICON Group International, Inc., is also acknowledged.

4 iv About ICON Group Ltd. ICON Group Ltd. s primary mission is to assist managers with their international information needs. U.S.-owned and operated, ICON Group has field offices in Paris, Hong Kong and Lomé, Togo (West Africa). Created in 1994, ICON Group has published hundreds of multi-client databases, and global/regional market data, industry and country publications. Global/Regional Management Studies. Summarizing over 190 countries, management studies are generally organized into regional volumes and cover key management functions. The human resource series covers minimum wages, child labor, unionization and collective bargaining. The international law series covers media control and censorship, search and seizure, and trial justice and punishment. The diversity management series covers a variety of environmental context drivers that effect global operations. These include women s rights, children s rights, discrimination/racism, and religious forces and risks. Global strategic planning studies cover economic risk assessments, political risk assessments, foreign direct investment strategy, intellectual property strategy, and export strategies. Financial management studies cover taxes and tariffs. Global marketing studies focus on target segments (e.g. seniors, children, women) and strategic marketing planning. Country Studies. Often managers need an in-depth, yet broad and up-to-date understanding of a country s strategic market potential and situation before the first field trip or investment proposal. There are over 190 country studies available. Each study consists of analysis, statistics, forecasts, and information of relevance to managers. The studies are continually updated to insure that the reports have the most relevant information available. In addition to raw information, the reports provide relevant analyses which put a more general perspective on a country (seen in the context of relative performance vis-à-vis benchmarks). Industry Studies. Companies are racing to become more international, if not global in their strategies. For over 2000 product/industry categories, these reports give the reader a concise summary of latent market forecasts, pro-forma financials, import competition profiles, contacts, key references and trends across 200 countries of the world. Some reports focus on a particular product and region (up to four regions per product), while others focus on a product within a particular country. Orders & Customer Service ICON Group International, Inc Trade St. San Diego, CA USA Tel: (858) Fax: (858)

5 Contents v Table of Contents 1 METHODOLOGY Our Approach 9 2 THE WORLD MARKET Exports The World Market: Headphones, Earphones, and Combined Microphone-Speaker Sets Export Supplies in Imports The World Market: Imported Headphones, Earphones, and Combined Microphone-Speaker Sets in EXPORTS Africa: Export Supplies of Headphones, Earphones, and Combined Microphone-Speaker Sets Executive Summary South Africa Tunisia Asia: Export Supplies of Headphones, Earphones, and Combined Microphone-Speaker Sets Executive Summary China Hong Kong India Indonesia Japan Malaysia Philippines Singapore South Korea Taiwan Thailand Vietnam Europe: Export Supplies of Headphones, Earphones, and Combined Microphone-Speaker Sets Executive Summary Austria Belgium Croatia Czech Republic Denmark Estonia Finland France Germany Greece Hungary Ireland Italy Latvia Lithuania Luxembourg Norway 52

6 Contents vi Poland Portugal Romania Russia Slovakia Slovenia Spain Sweden the Netherlands Latin America: Export Supplies of Headphones, Earphones, and Combined Microphone- Speaker Sets Executive Summary Brazil Chile Ecuador Mexico Panama North America & the Caribbean: Export Supplies of Headphones, Earphones, and Combined Microphone-Speaker Sets Executive Summary Canada Dominican Republic the United States Oceana: Export Supplies of Headphones, Earphones, and Combined Microphone-Speaker Sets Executive Summary Australia New Zealand the Middle East: Export Supplies of Headphones, Earphones, and Combined Microphone- Speaker Sets Executive Summary Israel Oman Turkey 74 4 IMPORTS Africa: Headphones, Earphones, and Combined Microphone-Speaker Sets Imports in Executive Summary Botswana Cote d'ivoire Egypt Ethiopia Kenya Madagascar Mauritius Senegal South Africa Togo Tunisia Uganda Asia: Headphones, Earphones, and Combined Microphone-Speaker Sets Imports in Executive Summary China 87

7 Contents vii Hong Kong Indonesia Japan Malaysia Maldives Singapore South Korea Thailand Europe: Headphones, Earphones, and Combined Microphone-Speaker Sets Imports in Executive Summary Austria Belarus Belgium Bosnia and Herzegovina Croatia Cyprus Czech Republic Denmark Estonia Finland France Georgia Germany Greece Iceland Ireland Italy Latvia Lithuania Luxembourg Macedonia Malta Moldova Norway Romania Russia Slovakia Slovenia Sweden the Netherlands Latin America: Headphones, Earphones, and Combined Microphone-Speaker Sets Imports in Executive Summary Argentina Belize Brazil Colombia Ecuador El Salvador Guatemala Honduras Mexico 131

8 Contents viii Panama Peru Uruguay North America & the Caribbean: Headphones, Earphones, and Combined Microphone- Speaker Sets Imports in Executive Summary Barbados Canada Dominica Greenland Jamaica St. Lucia the Bahamas the United States Oceana: Headphones, Earphones, and Combined Microphone-Speaker Sets Imports in Executive Summary Australia Fiji New Caledonia New Zealand the Middle East: Headphones, Earphones, and Combined Microphone-Speaker Sets Imports in Executive Summary Armenia Azerbaijan Bahrain Israel Jordan Kyrgyzstan Pakistan Saudi Arabia Turkey Yemen DISCLAIMERS, WARRANTEES, AND USER AGREEMENT PROVISIONS Disclaimers & Safe Harbor ICON Group Ltd. User Agreement Provisions 156

9 Headphones, Earphones, and Combined Microphone-Speaker Sets 9 1 METHODOLOGY 1.1 OUR APPROACH This report was created for strategic planners, international executives and import/export managers who are concerned with the market for headphones, earphones, and combined microphone-speaker sets. With the globalization of this market, managers can no longer be contented with a local view. Nor can managers be contented with out-of-date statistics that appear several years after the fact. I have developed a methodology, based on macroeconomic and trade models, to estimate the market for headphones, earphones, and combined microphone-speaker sets for those countries serving the world market via exports or supplying from various countries via imports. I do so for the current year based on a variety of key historical indicators and econometric models. On the demand side, exporters and strategic planners approaching the world market face a number of questions. Which countries are supplying headphones, earphones, and combined microphone-speaker sets? What is the dollar value of these imports? How much do the imports of headphones, earphones, and combined microphone-speaker sets vary from one country to another? Do exporters serving the world market have similar market shares across the importing countries? Which countries supply the most exports of headphones, earphones, and combined microphone-speaker sets? Which countries are buying their exports? What is the value of these exports and which countries are the largest buyers? In what follows, Chapter 2 begins by summarizing the regional markets for imported and exported headphones, earphones, and combined microphone-speaker sets. The total level of imports and exports on a worldwide basis, and those for each region, is based on a model which aggregates across over 150 key country markets and projects these to the current year. From there, each country represents a percent of the world market. This market is served from a number of competitive countries of origin. Based on both demand- and supply-side dynamics, market shares by country of origin are then calculated across each country market destination. These shares lead to a volume of import and export values for each country and are aggregated to regional and world totals. In doing so, we are able to obtain maximum likelihood estimates of both the value of each market and the shares that countries are likely to receive this year. From these figures, rankings are calculated to allow managers to prioritize markets. In this way, all the figures provided in this report are forecasts that can be combined with internal information for strategic planning purposes. After the worldwide summary in Chapter 2 of both imports and exports, Chapter 3 details the exports of headphones, earphones, and combined microphone-speaker sets, for each individual country. Chapter 4 does the same, but for imports of headphones, earphones, and combined microphone-speaker sets for all countries in the world. In all cases, the total dollar volume and percentage share values by major trading partner are provided. Combined, Chapters 3 and 4

10 Headphones, Earphones, and Combined Microphone-Speaker Sets 10 present the complete picture for imports and exports of headphones, earphones, and combined microphone-speaker sets to and from all major countries in the world. Of the 150 countries considered, if a country is not reported here it is therefore estimated to have only a negligible level of trade in headphones, earphones, and combined microphone-speaker sets (i.e. their market shares are close or equal to zero percent). "Headphones, Earphones, and Combined Microphone- Speaker Sets" as a category is defined in this report following the definition given by the United Nations Statistics Division Classification Registry using the Standard International Trade Classification, Revision 3 (SITC, Rev. 3). The SITC code that defined "headphones, earphones, and combined microphone-speaker sets" is For more information on this definition, please refer to the following web site: This report is updated on an annual basis. To ensure that you have the most current version, please check the web site of ICON Group at. Important Caveat. The figures should be seen as market estimates, as opposed to historical records, as these are forecasted for the current year of trade. More importantly, in light of the fact that unforeseeable factors might interrupt markets in achieving their reported levels, the figures should be seen as estimates of potential. For example, "mad cow" disease, foot-and-mouth disease, trade embargoes, labor disputes, military conflicts, acts of terrorism and other events will certainly affect the actual trade flows recorded for a variety of industry or product categories. In such cases, the difference between the numbers given in this report and the numbers actually observed might be interpreted as the "net loss" or "net gain" due to these exogenous events affecting regular trade flows that would have occurred had these events not have taken place. Related Reports. This report was created for the market for headphones, earphones, and combined microphone-speaker sets. Closely related reports published by ICON Group include the following: The World Market for Audio-Frequency Electric Amplifiers: A 2011 Global Trade The World Market for Coin- or Disc-Operated Record Players without Sound-Recording Devices: A 2011 Global Trade The World Market for Color Television Receivers, Video Monitors, and Projectors: A 2011 Global Trade The World Market for Electric Sound Amplifier Sets: A 2011 Global Trade The World Market for Fixed Line Telephone and Telegraph Equipment: A 2011 Global Trade The World Market for Headphones, Earphones, and Combined Microphone-Speaker Sets: A 2011 Global Trade The World Market for In-Car Radio Broadcast Receivers: A 2011 Global Trade

11 Headphones, Earphones, and Combined Microphone-Speaker Sets 11 The World Market for In-Car Radio Broadcast Receivers Combined with Sound Recording or Reproducing Apparatus: A 2011 Global Trade The World Market for In-Car Radio Broadcast Receivers without Sound Recording or Reproducing Apparatus: A 2011 Global Trade The World Market for Microphones and Microphone Stands: A 2011 Global Trade The World Market for Microphones, Microphone Stands, Loudspeakers, Headphones, Earphones, Combined Microphone-Speaker Sets, and Audio-Frequency Electric Amplifiers: A 2011 Global Trade The World Market for Monochrome Television Receivers: A 2011 Global Trade The World Market for Mounted Loudspeakers: A 2011 Global Trade The World Market for Parts and Accessories for Telecommunication and Sound Recording or Reproducing Equipment: A 2011 Global Trade The World Market for Parts for Audio-Frequency Electric Amplifiers, Microphones, Loudspeakers, Headphones, Earphones, and Combined Microphone-Speaker Sets: A 2011 Global Trade The World Market for Parts for Fixed Line Telephone or Telegraph Equipment: A 2011 Global Trade The World Market for Parts for Sound or Television Recording or Reproducing Equipment: A 2011 Global Trade The World Market for Parts for Television Receivers, Radio Broadcast Receivers, Radio Telephone Transmission Apparatus, and Telegraphy, Broadcasting, and Television Equipment: A 2011 Global Trade The World Market for Portable Radio Broadcast Receivers: A 2011 Global Trade The World Market for Portable Radio Broadcast Receivers Combined with Sound Recording or Reproducing Apparatus: A 2011 Global Trade The World Market for Portable Radio Broadcast Receivers without Sound Recording or Reproducing Apparatus: A 2011 Global Trade The World Market for Radar Apparatus, Radio Navigational Aid Apparatus, and Radio Remote Control Apparatus: A 2011 Global Trade The World Market for Sound and Video Recording or Reproducing Apparatus: A 2011 Global Trade The World Market for Sound Recording Apparatus: A 2011 Global Trade The World Market for Telephone Sets: A 2011 Global Trade The World Market for Telephonic or Telegraphic Switching Apparatus: A 2011 Global Trade The World Market for Teleprinters: A 2011 Global Trade The World Market for Television Cameras: A 2011 Global Trade The World Market for Transcribing Machines: A 2011 Global Trade

12 Headphones, Earphones, and Combined Microphone-Speaker Sets 12 The World Market for Transmission Apparatus for Cordless Telephones and Wireless Telegraph, Radio Broadcasting, or Television Equipment: A 2011 Global Trade The World Market for Transmission Equipment for Cordless Telephones and Wireless Telegraph, Radio Broadcasting, or Television Equipment with Reception Apparatus: A 2011 Global Trade The World Market for Transmission Equipment for Cordless Telephones and Wireless Telegraph, Radio Broadcasting, or Television Equipment without Reception Apparatus: A 2011 Global Trade The World Market for Turntables and Record Players without Sound-Recording Devices: A 2011 Global Trade The World Market for Turntables and Record-Decks without Sound-Recording Devices: A 2011 Global Trade The World Market for Unmounted Loudspeakers: A 2011 Global Trade The World Market for Video Recording or Reproducing Apparatus: A 2011 Global Trade

13 Headphones, Earphones, and Combined Microphone-Speaker Sets 99 Competition in Europe for Imported Headphones, Earphones, and Combined Microphone-Speaker Sets by Country of Origin: 2011 Hong Kong Germany the Netherlands the United States Other China Austria Imported Headphones, Earphones, and Combined Microphone-Speaker Sets in Austria, 2011 (Structure of Foreign Import Competition) Country of Origin Rank Value (000 US$) % Share Cumulative % France Germany Ireland China the United States the Netherlands Denmark Total 1, Source: Philip M. PARKER, Professor, INSEAD, copyright 2011,

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