Multi-speaker in enclosures market in Finland

Earlier Report Observations

The market for multiple loudspeakers mounted in the same enclosure in Finland expanded from 42.0 млн долл. in 2018 to a peak of 45.8 млн долл. in 2022, despite a temporary contraction to 41.2 млн долл. in 2020. This growth was supported by a steady increase in domestic production, which more than doubled from 29.7 млн долл. to 56.6 млн долл. over the same period.

Following the 2022 peak, the market size declined to 41.7 млн долл. in 2023 and further to 38.9 млн долл. in 2024. Finland accounts for 16% of loudspeaker consumption within Scandinavia, a region characterized by concentrated production and significant intra-regional trade flows that influence market dynamics.

Production multi-speaker in enclosures in Finland

In value, 2017-2020, K $ US

Finland's production of multi-speaker enclosures in monetary terms has grown for the third consecutive year. In 2020, the output was valued at 36,408 thousand US dollars, marking a 20.8% increase compared to the previous year. From 2017 to 2020, production rose by 25.9%, which translates to an annualized growth rate of 8.0%.

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

In kind, 2017-2020, unit

Finland's production volume of multi-speaker enclosures has increased for the second year in a row. In 2020, 89,910 units were produced, up by 12.8% from 2019. However, over the period from 2017 to 2020, production decreased by 9.8%, averaging an annual decline of 3.4%. The lowest volume was recorded in 2018 at 77,191 units, with the largest drop of 22.5% occurring that same year.

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

Exports multi-speaker in enclosures from Finland

Exports in kind, K unit

The market showed an unstable trend during this period. Export levels fluctuated significantly, with a 4.3-fold difference between the low of 2019 and the high of 2020. In 2020, Finland exported 82.2 thousand units of multi-speaker enclosures, a substantial increase of 326.2% compared to the previous year. The minimum export volume was recorded in 2019 at 19.3 thousand units, which also saw the largest decline of 71.8%.

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

From 2017 to 2020, Finland's exports of multi-speaker enclosures in kind were not heavily concentrated. The top three destinations—China with 14.9% of exports, the United States with 13.5%, and Germany with 10.5%—together accounted for only 38.9% of total flows.

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 exports of multi-speaker enclosures in monetary terms have risen for the third consecutive year. In 2020, exports amounted to 30,776 thousand US dollars, showing a robust advance of 19.5% over the prior year. Between 2017 and 2020, exports increased by 28.6%, with a compound annual growth rate of 8.7%.

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

The country composition of Finland's exports in value terms from 2017 to 2020 was dispersed. China accounted for 17.4% of exports, the United States for 15.2%, and Germany for 10.0%, together forming just 42.6% of total flows. The remaining 57.4% was distributed among a wide range of other destinations.

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

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

Imports multi-speaker in enclosures to Finland

Imports in kind, K unit

The market exhibited an unstable trend throughout the timeframe. Imports reached their peak in 2018 and fell to their lowest point in 2019, with an 18-fold difference between these years. In 2020, Finland's import volume of multi-speaker enclosures was 310.4 thousand units, up by 1,362.3% from the previous year. The minimum value was recorded in 2019 at 21.2 thousand units, while the maximum was in 2018 at 374.9 thousand units. The largest decline occurred in 2019, dropping by 94.3%.

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

From 2017 to 2020, imports of multi-speaker enclosures in kind to Finland were largely concentrated on China, which accounted for 76.4% of total flows. Other countries together formed the remaining share.

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

After two years of growth, Finland's import volume of multi-speaker enclosures in monetary terms declined. In 2020, imports amounted to 35,604 thousand US dollars, reflecting a decrease of 7.7% compared to the previous year. Between 2017 and 2020, imports increased by 31.6%, equating to an annualized rate of 9.6%. The maximum value was recorded in 2019 at 38,582 thousand US dollars, with the largest increase of 39.3% occurring in 2018.

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

From 2017 to 2020, China absorbed 74.7% of Finland's total imports in value terms of multi-speaker enclosures, with the balance spread across a wide range of smaller destinations.

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

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