Finland: Headphone Market 2024

Headphone Market Size in Finland

In 2022, the Finnish headphone market decreased by -8.1% to $X, falling for the second consecutive year after four years of growth. In general, consumption, however, saw a buoyant increase. Over the period under review, the market reached the maximum level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Headphone Production in Finland

In value terms, headphone production skyrocketed to $X in 2022 estimated in export price. Over the period under review, production, however, showed a mild decrease. Headphone production peaked at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Headphone Exports

Exports from Finland

In 2022, after two years of growth, there was significant decline in shipments abroad of headphones, when their volume decreased by -42.9% to X units. Overall, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 58% against the previous year. As a result, the exports attained the peak of X units, and then dropped notably in the following year.

In value terms, headphone exports contracted to $X in 2022. Over the period under review, total exports indicated measured growth from 2012 to 2022: its value increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +13.4% against 2020 indices. The most prominent rate of growth was recorded in 2018 with an increase of 55%. Over the period under review, the exports hit record highs at $X in 2021, and then shrank in the following year.

Exports by Country

Sweden (X units), Lithuania (X units) and the Czech Republic (X units) were the main destinations of headphone exports from Finland, with a combined 47% share of total exports. Germany, Russia, Kazakhstan, the UK, Taiwan (Chinese), Estonia, the Netherlands, Denmark, Kyrgyzstan and Switzerland lagged somewhat behind, together accounting for a further 38%.

From 2012 to 2022, the biggest increases were recorded for Kazakhstan (with a CAGR of +133.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for headphone exported from Finland were Sweden ($X), Lithuania ($X) and the Czech Republic ($X), together comprising 43% of total exports. Germany, Russia, Kazakhstan, the UK, Taiwan (Chinese), Estonia, the Netherlands, Denmark, Kyrgyzstan and Switzerland lagged somewhat behind, together accounting for a further 42%.

In terms of the main countries of destination, Kazakhstan, with a CAGR of +139.3%, saw the highest growth rate of 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 2022, jumping by 60% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.1%. Over the period under review, the average export prices attained the maximum at $X per unit in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Kyrgyzstan ($X per unit), while the average price for exports to Lithuania ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+3.0%), while the prices for the other major destinations experienced more modest paces of growth.

Headphone Imports

Imports into Finland

In 2022, supplies from abroad of headphones decreased by -14.1% to X units for the first time since 2016, thus ending a five-year rising trend. Over the period under review, imports, however, recorded a resilient increase. The most prominent rate of growth was recorded in 2018 with an increase of 143% against the previous year. Imports peaked at X units in 2021, and then contracted in the following year.

In value terms, headphone imports shrank to $X in 2022. Overall, imports, however, continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2018 with an increase of 48%. Imports peaked at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest headphone supplier to Finland, accounting for a 76% share of total imports. Moreover, headphone imports from China exceeded the figures recorded by the second-largest supplier, Sweden (X units), more than tenfold. The third position in this ranking was taken by Malaysia (X units), with a 4.2% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +12.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (+10.2% per year) and Malaysia (+61.7% per year).

In value terms, China ($X) constituted the largest supplier of headphones to Finland, comprising 76% of total imports. The second position in the ranking was held by Sweden ($X), with a 6.9% share of total imports. It was followed by Malaysia, with a 4.2% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to +11.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (+9.6% per year) and Malaysia (+60.8% per year).

Import Prices by Country

The average headphone import price stood at $X per unit in 2022, stabilizing at the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the average import price increased by 56%. Over the period under review, average import prices reached the maximum at $X per unit in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Malaysia ($X per unit) and Vietnam ($X per unit), while the price for Germany ($X per unit) and Denmark ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (-0.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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