Loudspeakers market in Finland

Earlier Report Observations

The market size for loudspeakers in Finland declined from 62.3 million US$ in 2018 to 58.9 million US$ in 2020.

It recovered to 63.1 million US$ in 2021 and stabilized at 63.0 million US$ in 2022. During 2022, households significantly increased their spending on audio devices, particularly loudspeakers, which supported demand.

The market contracted sharply to 50.9 million US$ in 2023 and further to 49.8 million US$ in 2024. This downturn coincided with a shift in consumer preferences toward wireless and smart loudspeakers, alongside the emergence of new product segments such as ultra-lightweight TOOB tubular loudspeakers. Intensified market competition, with features like water resistance and long battery life becoming key purchase drivers, also characterized this period.

Production loudspeakers in Finland

In value, 2017-2020, K $ US

Finland's loudspeaker production increased for the third consecutive year. In 2020, output was valued at 36 621 K $ US, representing a slight rise of 2.6% compared to the previous year. Between 2017 and 2020, production grew by 25.4%, equating to an annualized rate of 7.8%.

Annual dynamics of production in Finland in value, 2017-2020, K $ US

In kind, 2017-2020, K unit

In 2020, Finland produced 90.9 K units of loudspeakers, up by 12.9% from the previous year. However, between 2017 and 2020, overall production decreased by 10.5%, which translates to an annualized decline of 3.6%.

Annual dynamics of production in Finland in kind, 2017-2020, K unit

Exports loudspeakers from Finland

Exports in kind, K unit

The market exhibited volatility during this period. Exports reached their lowest point in 2019 at 32 K units, with the largest decline recorded that year at 70.8%. In contrast, 2020 saw a sharp increase, with Finland exporting 122 K units of loudspeakers, a gain of 275.9% compared to 2019. This resulted in a 3.8-fold gap between the highest exports in 2020 and the lowest in 2019.

Annual dynamics of product's exports from Finland in kind, 2017-2020, K unit

From 2017 to 2020, Finland supplied loudspeakers to numerous markets. Even the largest destinations—China, Sweden, and the United States—together accounted for only 36.2% of total exports in kind, indicating a diversified export structure.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Finland in kind, 2017-2020

Exports in value, K $ US

Finland's loudspeaker exports increased for the third consecutive year. In 2020, export volume stood at 33 650 K $ US, reflecting a substantial advance of 17.3% compared to the previous year. Between 2017 and 2020, exports grew by 29.5%, equating to an annualized rate of 9.0%.

Annual dynamics of product's exports from Finland in value, 2017-2020, K $ US

Over the period 2017–2020, exports in value terms were not heavily concentrated. China (16.3% of exports in value terms), the United States (14.4%), and Germany (9.3%) together captured only 39.9% of total flows, highlighting a broad distribution across markets.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Finland in value, 2017-2020

Imports loudspeakers to Finland

Imports in kind, K unit

The market showed signs of volatility over the observed period. Imports peaked in 2018 at 1 639 K units, then fell to their lowest point in 2019 at 61 K units, representing a 27-fold amplitude. In 2020, loudspeaker volumes in Finland amounted to 1 356 K units, which is 2,127.3% higher than in 2019. The largest decline was recorded in 2019 at 96.3%.

Annual dynamics of product's imports to Finland in kind, 2017-2020, K unit

From 2017 to 2020, China (48.5% of imports in kind), Germany (21.6%), and Poland (4.5%) were the main suppliers of loudspeakers to Finland, together comprising 74.5% of total imports in kind.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Finland in kind, 2017-2020

Imports in value, K $ US

Loudspeaker shipments to Finland from abroad declined for the second consecutive year. In 2020, imports reached 55 923 K $ US, reflecting a moderate decline of 4.1% year-over-year. However, between 2017 and 2020, imports increased by 25.5%, equating to an annualized rate of 7.9%. The maximum value was recorded in 2018 at 59 648 K $ US, with the largest increase that year at 33.9%.

Annual dynamics of product's imports to Finland in value, 2017-2020, K $ US

Over 2017–2020, China (66.0% of imports in value terms), Germany (6.2%), and Sweden (3.1%) together absorbed 75.3% of total imports in value terms of loudspeakers to Finland, making them the primary sources.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Finland in value, 2017-2020