Scandinavia: Non-Enclosed Loudspeakers Market 2025

Non-Enclosed Loudspeakers Market Size in Scandinavia

The Scandinavia non-enclosed loudspeakers market skyrocketed to $X in 2021, jumping by 21% against the previous year. The total consumption indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +5.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +21.1% against 2018 indices. The level of consumption peaked in 2021 and is likely to continue growth in years to come.

Non-Enclosed Loudspeakers Production in Scandinavia

In value terms, non-enclosed loudspeakers production soared to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a drastic downturn. The pace of growth was the most pronounced in 2017 when the production volume increased by 42% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2021, production growth remained at a somewhat lower figure.

Non-Enclosed Loudspeakers Exports

Exports in Scandinavia

Non-enclosed loudspeakers exports soared to X units in 2021, jumping by 38% against the previous year's figure. Over the period under review, exports continue to indicate a buoyant increase. The growth pace was the most rapid in 2020 when exports increased by 79% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in years to come.

In value terms, non-enclosed loudspeakers exports skyrocketed to $X in 2021. Overall, exports, however, continue to indicate a perceptible descent. The pace of growth was the most pronounced in 2017 with an increase of 40%. The level of export peaked at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

Denmark was the major exporter of loudspeakers (not in enclosure) in Scandinavia, with the volume of exports reaching X units, which was near 71% of total exports in 2021. It was distantly followed by Sweden (X units) and Finland (X units), together comprising a 27% share of total exports. Norway (X units) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to non-enclosed loudspeakers exports from Denmark stood at +15.7%. At the same time, Sweden (+29.5%) and Finland (+17.2%) displayed positive paces of growth. Moreover, Sweden emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of +29.5% from 2012-2021. Norway experienced a relatively flat trend pattern. Sweden (+13 p.p.) significantly strengthened its position in terms of the total exports, while Denmark and Norway saw its share reduced by -6.4% and -7.1% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Denmark ($X) remains the largest non-enclosed loudspeakers supplier in Scandinavia, comprising 57% of total exports. The second position in the ranking was taken by Norway ($X), with a 21% share of total exports. It was followed by Sweden, with a 17% share.

In Denmark, non-enclosed loudspeakers exports declined by an average annual rate of -6.5% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Norway (+0.3% per year) and Sweden (+7.7% per year).

Export Prices by Country

In 2021, the export price in Scandinavia amounted to $X per unit, dropping by -12% against the previous year. In general, the export price saw a drastic downturn. The pace of growth appeared the most rapid in 2018 when the export price increased by 10%. The level of export peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Norway ($X per unit), while Sweden ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Norway (+0.5%), while the other leaders experienced a decline in the export price figures.

Non-Enclosed Loudspeakers Imports

Imports in Scandinavia

Non-enclosed loudspeakers imports surged to X units in 2021, increasing by 86% against 2020. Over the period under review, imports recorded a prominent increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, non-enclosed loudspeakers imports soared to $X in 2021. The total import value increased at an average annual rate of +3.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Sweden represented the main importing country with an import of around X units, which recorded 66% of total imports. Denmark (X units) took the second position in the ranking, distantly followed by Finland (X units). All these countries together took approx. 33% share of total imports.

Sweden was also the fastest-growing in terms of the loudspeakers (not in enclosure) imports, with a CAGR of +22.3% from 2012 to 2021. At the same time, Denmark (+13.6%) and Finland (+9.7%) displayed positive paces of growth. While the share of Sweden (+21 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Denmark (-6.7 p.p.) and Finland (-10.1 p.p.) displayed negative dynamics.

In value terms, Sweden ($X) constitutes the largest market for imported loudspeakers (not in enclosure) in Scandinavia, comprising 58% of total imports. The second position in the ranking was taken by Denmark ($X), with a 13% share of total imports.

From 2012 to 2021, the average annual growth rate of value in Sweden totaled +10.3%. In the other countries, the average annual rates were as follows: Denmark (-7.9% per year) and Finland (+9.3% per year).

Import Prices by Country

In 2021, the import price in Scandinavia amounted to $X per unit, waning by -26.5% against the previous year. Overall, the import price saw a deep setback. The pace of growth was the most pronounced in 2015 an increase of 9.5% against the previous year. The level of import peaked at $X per unit in 2016; however, from 2017 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Finland ($X per unit), while Denmark ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Finland (-0.3%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform