Sweden: Loudspeaker Market 2024

Loudspeaker Market Size in Sweden

The Swedish loudspeaker market rose remarkably to $X in 2021, growing by 9.4% against the previous year. Over the period under review, consumption showed a buoyant increase. Loudspeaker consumption peaked in 2021 and is likely to continue growth in the near future.

Loudspeaker Production in Sweden

In value terms, loudspeaker production contracted markedly to $X in 2021 estimated in export price. Over the period under review, production, however, showed significant growth. The growth pace was the most rapid in 2018 with an increase of 1,217% against the previous year. Loudspeaker production peaked at $X in 2020, and then declined significantly in the following year.

Loudspeaker Exports

Exports from Sweden

In 2021, approx. X units of single loudspeakers (in enclosure) were exported from Sweden; picking up by 59% compared with 2020 figures. In general, exports showed a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 67% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are likely to continue growth in the near future.

In value terms, loudspeaker exports totaled $X in 2021. Overall, exports enjoyed a strong expansion. The most prominent rate of growth was recorded in 2015 with an increase of 29% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

Norway (X units), Denmark (X units) and Finland (X units) were the main destinations of loudspeaker exports from Sweden, with a combined 68% share of total exports. South Korea, Australia, the UK, Germany, China and the United States lagged somewhat behind, together accounting for a further 21%.

From 2012 to 2021, the biggest increases were recorded for South Korea (with a CAGR of +72.1%), 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), together accounting for 70% of total exports. South Korea, the UK, Germany, the United States, Australia and China lagged somewhat behind, together comprising a further 13%.

The UK, with a CAGR of +48.7%, recorded the highest rates of growth with regard to 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

In 2021, the average loudspeaker export price amounted to $X per unit, reducing by -36.8% against the previous year. Overall, the export price saw a deep slump. The most prominent rate of growth was recorded in 2016 when the average export price increased by 8.1% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Denmark ($X per unit), while the average price for exports to Australia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the UK (-3.0%), while the prices for the other major destinations experienced a decline.

Loudspeaker Imports

Imports into Sweden

In 2021, loudspeaker imports into Sweden soared to X units, picking up by 65% on the year before. In general, imports enjoyed a significant increase. The pace of growth was the most pronounced in 2020 when imports increased by 78%. Over the period under review, imports attained the peak figure in 2021 and are likely to see gradual growth in the near future.

In value terms, loudspeaker imports declined to $X in 2021. Overall, total imports indicated a notable increase from 2012 to 2021: its value increased at an average annual rate of +2.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -32.8% against 2018 indices. The pace of growth appeared the most rapid in 2017 when imports increased by 46%. Over the period under review, imports attained the maximum at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Germany (X units), China (X units) and Hungary (X units) were the main suppliers of loudspeaker imports to Sweden, together comprising 64% of total imports. These countries were followed by the Netherlands, Ireland, Poland, Denmark, the UK and Hong Kong SAR, which together accounted for a further 28%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +91.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), China ($X) and Denmark ($X) appeared to be the largest loudspeaker suppliers to Sweden, with a combined 49% share of total imports. These countries were followed by Germany, Ireland, Hungary, Poland, the UK and Hong Kong SAR, which together accounted for a further 29%.

Among the main suppliers, Poland, with a CAGR of +42.9%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average loudspeaker import price stood at $X per unit in 2021, dropping by -39.5% against the previous year. Over the period under review, the import price showed a abrupt descent. The pace of growth appeared the most rapid in 2017 when the average import price increased by 22% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, 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 2021, the most notable rate of growth in terms of prices was attained by Ireland (-1.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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