Scandinavia: Multiple Loudspeakers Market 2024

Multiple Loudspeakers Market Size in Scandinavia

The Scandinavia multiple loudspeakers market surged to $X in 2021, jumping by 17% against the previous year. The total consumption indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +7.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +95.3% against 2012 indices. The level of consumption peaked in 2021 and is likely to continue growth in years to come.

Multiple Loudspeakers Production in Scandinavia

In value terms, multiple loudspeakers production surged to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Multiple Loudspeakers Exports

Exports in Scandinavia

In 2021, approx. X units of multiple loudspeakers (in enclosure) were exported in Scandinavia; rising by 52% against the previous year. Overall, exports recorded a resilient increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, multiple loudspeakers exports expanded sharply to $X in 2021. The total export value increased at an average annual rate of +1.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2017 with an increase of 15%. Over the period under review, the exports attained the maximum at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

In 2021, Sweden (X units) and Denmark (X units) represented the major exporters of multiple loudspeakers (in enclosure) in Scandinavia, together constituting 86% of total exports. It was distantly followed by Finland (X units), comprising a 12% share of total exports. Norway (X units) took a minor share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Finland (with a CAGR of +25.2%), while the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X), Denmark ($X) and Finland ($X) constituted the countries with the highest levels of exports in 2021, together comprising 97% of total exports.

Sweden, with a CAGR of +17.0%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Scandinavia stood at $X per unit in 2021, which is down by -30.5% against the previous year. Overall, the export price faced a deep slump. The pace of growth appeared the most rapid in 2016 an increase of 4.1% against the previous year. The level of export peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Norway ($X per unit), while Denmark ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Norway (+0.9%), while the other leaders experienced a decline in the export price figures.

Multiple Loudspeakers Imports

Imports in Scandinavia

In 2021, the amount of multiple loudspeakers (in enclosure) imported in Scandinavia skyrocketed to X units, picking up by 35% against the previous year's figure. Over the period under review, imports showed a strong increase. The pace of growth appeared the most rapid in 2020 with an increase of 37% against the previous year. The volume of import peaked in 2021 and is likely to see steady growth in the near future.

In value terms, multiple loudspeakers imports expanded remarkably to $X in 2021. Total imports indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +6.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 with an increase of 17%. The level of import peaked in 2021 and is expected to retain growth in years to come.

Imports by Country

In 2021, Sweden (X units) represented the largest importer of multiple loudspeakers (in enclosure), comprising 57% of total imports. Denmark (X units) ranks second in terms of the total imports with a 29% share, followed by Finland (7%) and Norway (6%).

From 2012 to 2021, the biggest increases were recorded for Sweden (with a CAGR of +18.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest multiple loudspeakers importing markets in Scandinavia were Sweden ($X), Denmark ($X) and Norway ($X), with a combined 90% share of total imports.

In terms of the main importing countries, Sweden, with a CAGR of +11.6%, saw 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

In 2021, the import price in Scandinavia amounted to $X per unit, which is down by -19% against the previous year. In general, the import price continues to indicate a abrupt contraction. The growth pace was the most rapid in 2014 an increase of 20% against the previous year. Over the period under review, import prices reached the maximum at $X per unit in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Norway ($X per unit), while Sweden ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Norway (+6.6%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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