Finland: Headphone Market Overview 2021

Headphone Market Size in Finland

In 2020, the Finnish headphone market increased by X% to $X, rising for the sixth year in a row after three years of decline. Overall, consumption, however, showed a drastic downturn. The most prominent rate of growth was recorded in 2018 with an increase of X% y-o-y. Headphone consumption peaked at $X in 2008; however, from 2009 to 2020, consumption stood at a somewhat lower figure.

Headphone Production in Finland

In value terms, headphone production dropped modestly to $X in 2020 estimated in export prices. Over the period under review, production showed a noticeable slump. The pace of growth appeared the most rapid in 2008 when the production volume increased by X% against the previous year. Over the period under review, production attained the peak level at $X in 2017; however, from 2018 to 2020, production stood at a somewhat lower figure.

Headphone Exports

Exports from Finland

In 2020, shipments abroad of headphones decreased by -X% to X units, falling for the seventh year in a row after four years of growth. In general, exports recorded a deep slump. The pace of growth was the most pronounced in 2011 when exports increased by X% year-to-year. Over the period under review, exports attained the maximum at X units in 2013; however, from 2014 to 2020, exports failed to regain the momentum.

In value terms, headphone exports shrank slightly to $X in 2020. Over the period under review, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when exports increased by X% y-o-y. As a result, exports reached the peak of $X. From 2019 to 2020, the growth exports remained at a lower figure.

Exports by Country

Russia (X units) was the main destination for headphone exports from Finland, with a X% share of total exports. Moreover, headphone exports to Russia exceeded the volume sent to the second major destination, the Czech Republic (X units), fourfold. The third position in this ranking was occupied by Germany (X units), with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume to Russia amounted to -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (-X% per year) and Germany (-X% per year).

In value terms, Russia ($X) remains the key foreign market for headphone exports from Finland, comprising X% of total exports. The second position in the ranking was occupied by the Czech Republic ($X), with a X% share of total exports. It was followed by Germany, with a X% share.

From 2007 to 2020, the average annual growth rate of value to Russia amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (+X% per year) and Germany (-X% per year).

Export Prices by Country

In 2020, the average headphone export price amounted to $X per unit, with an increase of X% against the previous year. Overall, the export price posted significant growth. The most prominent rate of growth was recorded in 2019 when the average export price increased by X% against the previous year. The export price peaked in 2020 and is likely to continue growth in years to come.

Average prices varied noticeably for the major export markets. In 2020, the highest prices were recorded for prices to the Czech Republic ($X per unit) and Latvia ($X per unit), while the average price for exports to Saudi Arabia ($X per unit) and Denmark ($X per unit) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia, while the prices for the other major destinations experienced more modest paces of growth.

Headphone Imports

Imports into Finland

In 2020, overseas purchases of headphones increased by X% to X units, rising for the fourth year in a row after four years of decline. Overall, imports, however, saw a deep setback. The most prominent rate of growth was recorded in 2018 with an increase of X% y-o-y. Over the period under review, imports hit record highs at X units in 2008; however, from 2009 to 2020, imports remained at a lower figure.

In value terms, headphone imports skyrocketed to $X in 2020. In general, imports, however, continue to indicate notable growth. The most prominent rate of growth was recorded in 2018 when imports increased by X% year-to-year. Imports peaked in 2020 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2020, China (X units) constituted the largest supplier of headphone to Finland, with a X% share of total imports. Moreover, headphone imports from China exceeded the figures recorded by the second-largest supplier, Ireland (X units), ninefold. Sweden (X units) ranked third in terms of total imports with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume from China stood at -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Ireland (+X% per year) and Sweden (-X% per year).

In value terms, China ($X) constituted the largest supplier of headphone to Finland, comprising X% of total imports. The second position in the ranking was occupied by Ireland ($X), with a X% share of total imports. It was followed by Sweden, with a X% share.

From 2007 to 2020, the average annual growth rate of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Ireland (+X% per year) and Sweden (+X% per year).

Import Prices by Country

In 2020, the average headphone import price amounted to $X per unit, increasing by X% against the previous year. Overall, the import price showed a remarkable increase. The growth pace was the most rapid in 2013 when the average import price increased by X% y-o-y. Over the period under review, average import prices attained the maximum in 2020 and is likely to continue growth in the near future.

Average prices varied somewhat amongst the major supplying countries. In 2020, the countries with the highest prices were the Netherlands ($X per unit) and the U.S. ($X per unit), while the price for Viet Nam ($X per unit) and China ($X per unit) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Ireland, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for headphones in the world?

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The countries with the highest volumes of headphone consumption in 2020 were the U.S. (599M units), China (563M units) and Mexico (199M units), with a combined 54% share of global consumption. Spain, India, El Salvador, Japan, South Korea and France lagged somewhat behind, together accounting for a further 15%.

What are the largest producers of headphones in the world?

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China (1.4B units) remains the largest headphone producing country worldwide, comprising approx. 66% of total volume. Moreover, headphone production in China exceeded the figures recorded by the second-largest producer, Viet Nam (109M units), more than tenfold. Hong Kong SAR (105M units) ranked third in terms of total production with a 5% share.

What are the leading suppliers of headphones to Finland?

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In value terms, China ($89M) constituted the largest supplier of headphone to Finland, comprising 72% of total imports. The second position in the ranking was occupied by Ireland ($9.9M), with a 8% share of total imports. It was followed by Sweden, with a 4.1% share.

What are the leading importers of headphones from Finland?

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In value terms, Russia ($5.3M) remains the key foreign market for headphone exports from Finland, comprising 41% of total exports. The second position in the ranking was occupied by the Czech Republic ($1.2M), with a 9.1% share of total exports. It was followed by Germany, with a 6.7% share.

What is the average export price for headphones in Finland?

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The average headphone export price stood at $980 per unit in 2020, jumping by 53% against the previous year.

What is the average import price for headphones in Finland?

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The average headphone import price stood at $20 per unit in 2020, with an increase of 15% against the previous year.