Sweden: Microphone Market 2025

Microphone Market Size in Sweden

The Swedish microphone market declined to $X in 2022, dropping by -13.5% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, enjoyed a buoyant expansion. Microphone consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Microphone Exports

Exports from Sweden

After two years of growth, overseas shipments of microphones and their stands decreased by -27.2% to X units in 2022. In general, exports, however, saw a resilient expansion. The growth pace was the most rapid in 2014 when exports increased by 45% against the previous year. The exports peaked at X units in 2021, and then contracted remarkably in the following year.

In value terms, microphone exports contracted markedly to $X in 2022. Overall, exports, however, recorded strong growth. The most prominent rate of growth was recorded in 2021 with an increase of 45% against the previous year. As a result, the exports reached the peak of $X, and then dropped sharply in the following year.

Exports by Country

Norway (X units) was the main destination for microphone exports from Sweden, accounting for a 46% share of total exports. Moreover, microphone exports to Norway exceeded the volume sent to the second major destination, Denmark (X units), threefold. Finland (X units) ranked third in terms of total exports with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Norway stood at +6.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (+5.9% per year) and Finland (+7.4% per year).

In value terms, Norway ($X) remains the key foreign market for microphones and their stands exports from Sweden, comprising 37% of total exports. The second position in the ranking was held by Denmark ($X), with an 18% share of total exports. It was followed by the United States, with a 9.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Norway amounted to +12.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (+15.5% per year) and the United States (+15.1% per year).

Export Prices by Country

In 2022, the average microphone export price amounted to $X per unit, therefore, remained relatively stable against the previous year. Over the period under review, the export price, however, posted a prominent expansion. The most prominent rate of growth was recorded in 2018 when the average export price increased by 52% against the previous year. The export price peaked at $X per unit in 2021, and then dropped in the following year.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Switzerland ($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 the United States (+22.1%), while the prices for the other major destinations experienced more modest paces of growth.

Microphone Imports

Imports into Sweden

In 2022, overseas purchases of microphones and their stands decreased by -21.1% to X units for the first time since 2019, thus ending a two-year rising trend. Overall, total imports indicated a tangible increase from 2012 to 2022: its volume increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 19%. Over the period under review, imports attained the peak figure at X units in 2021, and then shrank significantly in the following year.

In value terms, microphone imports reduced markedly to $X in 2022. Over the period under review, imports, however, saw a buoyant expansion. The most prominent rate of growth was recorded in 2018 when imports increased by 34% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then contracted rapidly in the following year.

Imports by Country

China (X units), Germany (X units) and the Netherlands (X units) were the main suppliers of microphone imports to Sweden, with a combined 69% share of total imports. Denmark, Australia, Estonia, Hungary, Taiwan (Chinese), Belgium, the United States, Hong Kong SAR and the UK lagged somewhat behind, together comprising a further 22%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Estonia (with a CAGR of +76.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest microphone suppliers to Sweden were Germany ($X), the Netherlands ($X) and China ($X), together comprising 56% of total imports. Hungary, Denmark, Australia, Belgium, Estonia, the United States, Taiwan (Chinese), the UK and Hong Kong SAR lagged somewhat behind, together comprising a further 35%.

Estonia, with a CAGR of +93.2%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average microphone import price stood at $X per unit in 2022, remaining relatively unchanged against the previous year. Overall, import price indicated a resilient expansion from 2012 to 2022: its price increased at an average annual rate of +6.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, microphone import price increased by +72.0% against 2015 indices. The most prominent rate of growth was recorded in 2018 an increase of 22% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2021, and then contracted 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 Hungary ($X per unit), while the price for Hong Kong SAR ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+19.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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