Sweden: Loudspeaker Market 2025

Loudspeaker Market Size in Sweden

In 2022, after two years of growth, there was significant decline in the Swedish loudspeaker market, when its value decreased by -13.8% to $X. Over the period under review, the total consumption indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the maximum level at $X in 2021, and then shrank in the following year.

Loudspeaker Production in Sweden

In value terms, loudspeaker production dropped to $X in 2022 estimated in export price. Over the period under review, production showed a abrupt slump. The most prominent rate of growth was recorded in 2019 with an increase of 74% against the previous year. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Loudspeaker Exports

Exports from Sweden

Loudspeaker exports from Sweden shrank modestly to X units in 2022, falling by -4.8% against 2021. Over the period under review, exports, however, continue to indicate buoyant growth. The pace of growth was the most pronounced in 2019 with an increase of 48%. As a result, the exports reached the peak of X units. From 2020 to 2022, the growth of the exports remained at a lower figure.

In value terms, loudspeaker exports declined slightly to $X in 2022. Overall, exports, however, showed buoyant growth. The pace of growth was the most pronounced in 2014 with an increase of 41%. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

China (X units), Norway (X units) and Denmark (X units) were the main destinations of loudspeaker exports from Sweden, with a combined 76% share of total exports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +59.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for loudspeaker exported from Sweden were Norway ($X), Denmark ($X) and Finland ($X), with a combined 85% share of total exports. China, the United States, Belgium and Poland lagged somewhat behind, together comprising a further 4.1%.

In terms of the main countries of destination, Belgium, with a CAGR of +35.9%, recorded 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

The average loudspeaker export price stood at $X per unit in 2022, increasing by 4.4% against the previous year. Overall, the export price, however, recorded a mild reduction. The pace of growth was the most pronounced in 2020 an increase of 38% against the previous year. Over the period under review, the average export prices reached the maximum at $X per unit in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Denmark ($X per unit), while the average price for exports to China ($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 Finland (+6.6%), while the prices for the other major destinations experienced more modest paces of growth.

Loudspeaker Imports

Imports into Sweden

In 2022, approx. X units of loudspeakers were imported into Sweden; reducing by -19.2% against 2021 figures. In general, total imports indicated a resilient increase from 2012 to 2022: its volume increased at an average annual rate of +6.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +9.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 35%. As a result, imports reached the peak of X units, and then plummeted in the following year.

In value terms, loudspeaker imports shrank to $X in 2022. Over the period under review, total imports indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +7.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -10.3% against 2018 indices. The pace of growth appeared the most rapid in 2014 when imports increased by 25% against the previous year. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

China (X units), Hungary (X units) and the Netherlands (X units) were the main suppliers of loudspeaker imports to Sweden, together accounting for 69% of total imports. Germany, Poland, Vietnam, Belgium, Denmark and Hong Kong SAR lagged somewhat behind, together accounting for a further 26%.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of +109.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X) constituted the largest supplier of loudspeakers to Sweden, comprising 45% of total imports. The second position in the ranking was held by China ($X), with a 19% share of total imports. It was followed by Denmark, with a 6.9% share.

From 2012 to 2022, the average annual growth rate of value from the Netherlands stood at +17.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+9.0% per year) and Denmark (-2.2% per year).

Import Prices by Country

The average loudspeaker import price stood at $X per unit in 2022, picking up by 17% against the previous year. Overall, the import price saw a relatively flat trend pattern. Over the period under review, average import prices attained the peak figure at $X per unit in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Denmark ($X per unit), while the price for Poland ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+7.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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