Sweden: Headphone Market 2024

Headphone Market Size in Sweden

The Swedish headphone market declined rapidly to $X in 2022, waning by -17.6% against the previous year. Overall, consumption, however, saw prominent growth. As a result, consumption attained the peak level of $X, and then dropped rapidly in the following year.

Headphone Production in Sweden

In value terms, headphone production skyrocketed to $X in 2022 estimated in export price. Overall, production, however, continues to indicate moderate growth. The pace of growth was the most pronounced in 2020 when the production volume increased by 168%. Headphone production peaked at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Headphone Exports

Exports from Sweden

In 2022, after six years of growth, there was significant decline in overseas shipments of headphones, when their volume decreased by -42.2% to X units. Over the period under review, exports, however, saw a resilient expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 79% against the previous year. The exports peaked at X units in 2021, and then dropped remarkably in the following year.

In value terms, headphone exports reduced to $X in 2022. In general, exports, however, saw strong growth. The pace of growth appeared the most rapid in 2020 with an increase of 42%. As a result, the exports attained the peak of $X. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Norway (X units), Denmark (X units) and Finland (X units) were the main destinations of headphone exports from Sweden, with a combined 80% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Denmark (with a CAGR of +16.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for headphone exported from Sweden were Norway ($X), Denmark ($X) and Finland ($X), with a combined 80% share of total exports.

Denmark, with a CAGR of +20.5%, saw the highest growth rate of the value of exports, among the main countries of destination 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, surging by 70% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.7%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Denmark ($X per unit) and Norway ($X per unit), while the average price for exports to the UK ($X per unit) and Finland ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Denmark (+3.7%), while the prices for the other major destinations experienced more modest paces of growth.

Headphone Imports

Imports into Sweden

After five years of growth, overseas purchases of headphones decreased by -6.6% to X units in 2022. In general, imports, however, posted a remarkable increase. The growth pace was the most rapid in 2018 with an increase of 112% against the previous year. Imports peaked at X units in 2021, and then dropped in the following year.

In value terms, headphone imports fell to $X in 2022. Over the period under review, imports, however, recorded a strong expansion. The growth pace was the most rapid in 2020 when imports increased by 31% against the previous year. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, the Netherlands (X units) constituted the largest supplier of headphone to Sweden, with a 47% share of total imports. Moreover, headphone imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Denmark (X units), threefold. The third position in this ranking was held by Germany (X units), with a 9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the Netherlands amounted to +20.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (+10.5% per year) and Germany (+14.9% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of headphones to Sweden, comprising 47% of total imports. The second position in the ranking was taken by Denmark ($X), with a 15% share of total imports. It was followed by Germany, with a 9% share.

From 2012 to 2022, the average annual growth rate of value from the Netherlands totaled +20.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (+10.3% per year) and Germany (+14.7% per year).

Import Prices by Country

In 2022, the average headphone import price amounted to $X per unit, rising by 1.6% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 an increase of 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 stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the Netherlands ($X per unit) and Poland ($X per unit), while the price for China ($X per unit) and Ireland ($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 (-0.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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