Scandinavia: Mobile Phone Market 2024

Mobile Phone Market Size in Scandinavia

The Scandinavia mobile phone market declined to $X in 2022, reducing by -8.2% against the previous year. The market value increased at an average annual rate of +2.7% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Mobile Phone Production in Scandinavia

In value terms, mobile phone production reduced to $X in 2022 estimated in export price. Overall, production, however, posted a noticeable expansion. The pace of growth appeared the most rapid in 2015 with an increase of 84% against the previous year. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Mobile Phone Exports

Exports in Scandinavia

In 2022, the amount of mobile phones exported in Scandinavia stood at X units, rising by 4.2% on the previous year's figure. Over the period under review, exports, however, saw a deep setback. The pace of growth appeared the most rapid in 2020 when exports increased by 12%. The volume of export peaked at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, mobile phone exports reached $X in 2022. In general, exports, however, recorded a slight decrease. The most prominent rate of growth was recorded in 2019 with an increase of 11%. The level of export peaked at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Sweden represented the major exporting country with an export of about X units, which amounted to 83% of total exports. It was distantly followed by Finland (X units) and Norway (X units), together creating a 17% share of total exports.

Sweden experienced a relatively flat trend pattern with regard to volume of exports of mobile phones. Norway (-6.4%) and Finland (-17.1%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Sweden increased by +33 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Sweden ($X) remains the largest mobile phone supplier in Scandinavia, comprising 89% of total exports. The second position in the ranking was taken by Finland ($X), with an 8.1% share of total exports.

In Sweden, mobile phone exports expanded at an average annual rate of +4.0% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Finland (-16.2% per year) and Norway (-2.0% per year).

Export Prices by Country

In 2022, the export price in Scandinavia amounted to $X per unit, almost unchanged from the previous year. Export price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, mobile phone export price increased by +63.1% against 2015 indices. The growth pace was the most rapid in 2018 when the export price increased by 18% against the previous year. Over the period under review, the export prices hit record highs at $X per unit in 2021, and then fell modestly in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Sweden ($X per unit), while Finland ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Norway (+4.8%), while the other leaders experienced more modest paces of growth.

Mobile Phone Imports

Imports in Scandinavia

In 2022, mobile phone imports in Scandinavia shrank modestly to X units, with a decrease of -3.3% compared with 2021. In general, imports continue to indicate a pronounced setback. The growth pace was the most rapid in 2014 with an increase of 3.4%. The volume of import peaked at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, mobile phone imports reduced to $X in 2022. The total import value increased at an average annual rate of +1.1% from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 with an increase of 12%. Over the period under review, imports reached the peak figure at $X in 2021, and then declined slightly in the following year.

Imports by Country

In 2022, Sweden (X units) represented the main importer of mobile phones, generating 67% of total imports. Finland (X units) held an 18% share (based on physical terms) of total imports, which put it in second place, followed by Norway (16%).

Sweden was also the fastest-growing in terms of the mobile phones imports, with a CAGR of -1.2% from 2012 to 2022. Norway (-3.8%) and Finland (-9.1%) illustrated a downward trend over the same period. Sweden (+15 p.p.) significantly strengthened its position in terms of the total imports, while Finland saw its share reduced by -14.2% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Sweden ($X) constitutes the largest market for imported mobile phones in Scandinavia, comprising 63% of total imports. The second position in the ranking was taken by Norway ($X), with a 20% share of total imports.

In Sweden, mobile phone imports expanded at an average annual rate of +2.9% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Norway (+0.6% per year) and Finland (-3.3% per year).

Import Prices by Country

In 2022, the import price in Scandinavia amounted to $X per unit, which is down by -1.7% against the previous year. Import price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, mobile phone import price increased by +60.4% against 2012 indices. The most prominent rate of growth was recorded in 2017 when the import price increased by 15%. The level of import peaked at $X per unit in 2021, and then dropped in the following year.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Norway ($X per unit), while Finland ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+6.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform