Norway: Loudspeaker Market 2025

Loudspeaker Market Size in Norway

The Norwegian loudspeaker market totaled $X in 2022, growing by 7.7% against the previous year. Over the period under review, consumption showed temperate growth. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Loudspeaker Production in Norway

In value terms, loudspeaker production expanded sharply to $X in 2022 estimated in export price. In general, production enjoyed a strong expansion. The growth pace was the most rapid in 2020 when the production volume increased by 68%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Loudspeaker Exports

Exports from Norway

Loudspeaker exports from Norway reduced modestly to X units in 2022, flattening at the previous year's figure. Over the period under review, exports continue to indicate a mild decline. The growth pace was the most rapid in 2013 with an increase of 27% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, loudspeaker exports fell to $X in 2022. In general, exports recorded a noticeable reduction. The most prominent rate of growth was recorded in 2017 with an increase of 25%. Over the period under review, the exports reached the peak figure at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Germany (X units), the UK (X units) and Sweden (X units) were the main destinations of loudspeaker exports from Norway, together accounting for 53% of total exports. The United States, Finland, China, Denmark, Singapore, Poland, Switzerland, the Netherlands, Kyrgyzstan and Turkey lagged somewhat behind, together comprising a further 35%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Switzerland (with a CAGR of +20.3%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Sweden ($X) and the UK ($X) appeared to be the largest markets for loudspeaker exported from Norway worldwide, with a combined 48% share of total exports. The United States, Singapore, China, Finland, Denmark, the Netherlands, Poland, Turkey, Kyrgyzstan and Switzerland lagged somewhat behind, together comprising a further 35%.

In terms of the main countries of destination, Turkey, with a CAGR of +15.1%, saw the highest rates of growth with regard to 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

In 2022, the average loudspeaker export price amounted to $X per unit, reducing by -6.2% against the previous year. Over the period under review, the export price recorded a mild decrease. The most prominent rate of growth was recorded in 2017 when the average export price increased by 15%. Over the period under review, the average export prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per unit), while the average price for exports to Finland ($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 Sweden (+4.8%), while the prices for the other major destinations experienced more modest paces of growth.

Loudspeaker Imports

Imports into Norway

In 2022, overseas purchases of loudspeakers decreased by -3% to X units, falling for the fourth consecutive year after three years of growth. In general, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of 29%. Imports peaked at X units in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, loudspeaker imports contracted to $X in 2022. The total import value increased at an average annual rate of +3.8% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 with an increase of 19%. Over the period under review, imports attained the maximum at $X in 2021, and then fell modestly in the following year.

Imports by Country

In 2022, China (X units) constituted the largest supplier of loudspeaker to Norway, with a 81% share of total imports. Moreover, loudspeaker imports from China exceeded the figures recorded by the second-largest supplier, Hong Kong SAR (X units), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (+2.0% per year) and Germany (-4.8% per year).

In value terms, China ($X) constituted the largest supplier of loudspeakers to Norway, comprising 77% of total imports. The second position in the ranking was held by Germany ($X), with a 2.9% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +7.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-1.7% per year) and Hong Kong SAR (+4.5% per year).

Import Prices by Country

The average loudspeaker import price stood at $X per unit in 2022, remaining relatively unchanged against the previous year. Overall, import price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, loudspeaker import price increased by +89.0% against 2013 indices. The pace of growth appeared the most rapid in 2015 an increase of 35% against the previous year. The import price peaked at $X per unit in 2021, and then fell in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per unit), while the price for Hong Kong SAR ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+6.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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