Finland: Loudspeaker Market 2024

Loudspeaker Market Size in Finland

The Finnish loudspeaker market reduced notably to $X in 2023, shrinking by X% against the previous year. In general, the total consumption indicated a temperate increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption decreased by X% against 2021 indices. As a result, consumption reached the peak level of $X. From 2019 to 2023, the growth of the market failed to regain momentum.

Loudspeaker Production in Finland

In value terms, loudspeaker production fell to $X in 2023 estimated in export price. Over the period under review, production enjoyed a resilient increase. The most prominent rate of growth was recorded in 2021 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2022, and then shrank in the following year.

Loudspeaker Exports

Exports from Finland

After three years of growth, overseas shipments of loudspeakers decreased by X% to X units in 2023. Over the period under review, exports, however, showed a buoyant expansion. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2022, and then reduced slightly in the following year.

In value terms, loudspeaker exports fell to $X in 2023. Overall, exports, however, enjoyed a prominent increase. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2022, and then reduced in the following year.

Exports by Country

Lithuania (X units) was the main destination for loudspeaker exports from Finland, with a X% share of total exports. Moreover, loudspeaker exports to Lithuania exceeded the volume sent to the second major destination, Sweden (X units), threefold. The third position in this ranking was held by Estonia (X units), with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume to Lithuania totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (X% per year) and Estonia (X% per year).

In value terms, the largest markets for loudspeaker exported from Finland were Lithuania ($X), the United States ($X) and Germany ($X), with a combined X% share of total exports.

In terms of the main countries of destination, Lithuania, with a CAGR of X%, recorded the highest growth rate of 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 2023, waning by X% against the previous year. Overall, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2020 to 2023, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Kazakhstan ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Kazakhstan (X%), while the prices for the other major destinations experienced more modest paces of growth.

Loudspeaker Imports

Imports into Finland

In 2023, approx. X units of loudspeakers were imported into Finland; dropping by X% compared with 2022 figures. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. As a result, imports reached the peak of X units. From 2019 to 2023, the growth of imports remained at a somewhat lower figure.

In value terms, loudspeaker imports fell slightly to $X in 2023. Overall, imports, however, showed a prominent increase. The most prominent rate of growth was recorded in 2018 when imports increased by X%. Over the period under review, imports attained the peak figure at $X in 2022, and then shrank slightly in the following year.

Imports by Country

Germany (X units), the Netherlands (X units) and China (X units) were the main suppliers of loudspeaker imports to Finland, together accounting for X% of total imports. Sweden, France, Poland, Hong Kong SAR, Denmark, Indonesia, India and Taiwan (Chinese) lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest loudspeaker suppliers to Finland were Sweden ($X), the Netherlands ($X) and Germany ($X), together comprising X% of total imports. France, China, Denmark, Poland, Hong Kong SAR, Indonesia, India and Taiwan (Chinese) lagged somewhat behind, together accounting for a further X%.

Poland, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among 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 loudspeaker import price stood at $X per unit in 2023, picking up by X% against the previous year. Over the period under review, import price indicated a buoyant expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, loudspeaker import price increased by X% against 2021 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Sweden ($X per unit), while the price for Indonesia ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by India (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform