Norway: Non-Enclosed Loudspeakers Market 2024

Non-Enclosed Loudspeakers Market Size in Norway

In 2021, the Norwegian non-enclosed loudspeakers market decreased by -23.9% to $X, falling for the second year in a row after two years of growth. Overall, consumption continues to indicate a noticeable decline. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market failed to regain momentum.

Non-Enclosed Loudspeakers Exports

Exports from Norway

In 2021, overseas shipments of loudspeakers (not in enclosure) were finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. Over the period under review, exports, however, showed a relatively flat trend pattern. Over the period under review, the exports hit record highs at X units in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, non-enclosed loudspeakers exports surged to $X in 2021. Overall, exports continue to indicate a relatively flat trend pattern. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

The UK (X units), Poland (X units) and the United States (X units) were the main destinations of non-enclosed loudspeakers exports from Norway, together accounting for 50% of total exports. These countries were followed by Finland, Germany, South Korea, Sweden, the Netherlands, Switzerland, Turkey, the United Arab Emirates, Canada and Italy, which together accounted for a further 40%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Turkey (with a CAGR of +73.0%), while the other leaders experienced more modest paces of growth.

In value terms, the UK ($X), the United States ($X) and Germany ($X) were the largest markets for non-enclosed loudspeakers exported from Norway worldwide, with a combined 42% share of total exports. The Netherlands, Finland, Turkey, South Korea, Sweden, Poland, Switzerland, Canada, Italy and the United Arab Emirates lagged somewhat behind, together comprising a further 40%.

Among the main countries of destination, Turkey, with a CAGR of +111.7%, 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

In 2021, the average non-enclosed loudspeakers export price amounted to $X per unit, reducing by -7.4% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the average export price increased by 46%. As a result, the export price reached the peak level of $X per unit. From 2019 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Turkey ($X per unit), while the average price for exports to the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+22.4%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Enclosed Loudspeakers Imports

Imports into Norway

Non-enclosed loudspeakers imports into Norway soared to X units in 2021, surging by 30% against the previous year. Over the period under review, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when imports increased by 71%. Imports peaked at X units in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, non-enclosed loudspeakers imports skyrocketed to $X in 2021. In general, imports, however, showed a relatively flat trend pattern. Imports peaked at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X units) constituted the largest non-enclosed loudspeakers supplier to Norway, with a 62% share of total imports. Moreover, non-enclosed loudspeakers imports from China exceeded the figures recorded by the second-largest supplier, Hong Kong SAR (X units), ninefold. The third position in this ranking was taken by Germany (X units), with a 4.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +1.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (-0.7% per year) and Germany (-7.4% per year).

In value terms, China ($X) constituted the largest supplier of loudspeakers (not in enclosure) to Norway, comprising 44% of total imports. The second position in the ranking was taken by the United States ($X), with an 11% share of total imports. It was followed by Germany, with a 9.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +1.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-1.9% per year) and Germany (-1.8% per year).

Import Prices by Country

In 2021, the average non-enclosed loudspeakers import price amounted to $X per unit, picking up by 11% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of 55%. As a result, import price reached the peak level of $X per unit; afterwards, it flattened through to 2021.

Prices varied noticeably country of origin: the country with the highest price was the United States ($X per unit), while the price for Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+6.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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