Headphone Market Overview in Finland
Market Overview
In 2019, the Finnish headphone market increased by 
% to $, rising for the fourth consecutive year after three years of decline. Overall, consumption, however, showed a deep slump. The pace of growth appeared the most rapid in 2018 when the market value increased by % against the previous year. Over the period under review, the market reached the maximum level at $ in 2008; however, from 2009 to 2019, consumption stood at a somewhat lower figure.
In value terms, headphone production declined rapidly to $ in 2019 estimated in export prices. Over the period under review, production continues to indicate a noticeable decline. The pace of growth appeared the most rapid in 2008 when the production volume increased by % y-o-y. Headphone production peaked at $ in 2017; however, from 2018 to 2019, production stood at a somewhat lower figure.
% to $, rising for the fourth consecutive year after three years of decline. Overall, consumption, however, showed a deep slump. The pace of growth appeared the most rapid in 2018 when the market value increased by % against the previous year. Over the period under review, the market reached the maximum level at $ in 2008; however, from 2009 to 2019, consumption stood at a somewhat lower figure.In value terms, headphone production declined rapidly to $
in 2019 estimated in export prices. Over the period under review, production continues to indicate a noticeable decline. The pace of growth appeared the most rapid in 2008 when the production volume increased by % y-o-y. Headphone production peaked at $ in 2017; however, from 2018 to 2019, production stood at a somewhat lower figure.Consumption
In 2019, consumption of headphones increased by % to units, rising for the second year in a row after five years of decline. Overall, consumption, however, recorded a deep contraction. The most prominent rate of growth was recorded in 2008 with an increase of % year-to-year. As a result, consumption reached the peak volume of units. From 2009 to 2019, the growth of the consumption remained at a lower figure.
The revenue of the headphone market in Finland skyrocketed to $ in 2019, with an increase of % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, recorded a deep downturn. The pace of growth appeared the most rapid in 2018 when the market value increased by % against the previous year. Headphone consumption peaked at $ in 2008; however, from 2009 to 2019, consumption failed to regain the momentum.
% to units, rising for the second year in a row after five years of decline. Overall, consumption, however, recorded a deep contraction. The most prominent rate of growth was recorded in 2008 with an increase of % year-to-year. As a result, consumption reached the peak volume of units. From 2009 to 2019, the growth of the consumption remained at a lower figure.The revenue of the headphone market in Finland skyrocketed to $
in 2019, with an increase of % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, recorded a deep downturn. The pace of growth appeared the most rapid in 2018 when the market value increased by % against the previous year. Headphone consumption peaked at $ in 2008; however, from 2009 to 2019, consumption failed to regain the momentum.Market Forecast
Depressed by shrinking demand for headphone in Finland, the market is expected to continue its downward consumption trend over the next decade. The performance of the market is forecast to contract with an anticipated CAGR of -% for the period from 2019 to , which is projected to depress the market volume to units by the end of .
% for the period from 2019 to , which is projected to depress the market volume to units by the end of .Market Structure
Headphone market in Finland consists almost entirely of imported products. In recent years, import prices have increased sharply. Despite the hike in prices, Finland relies completely on foreign supplies: the volume of domestic output remains insufficient to satiate market demand.
Trade Balance
Finland remains a net importer of headphone; in physical and value terms, imports consistently exceeded exports from 2007 to 2019. In 2019, there was a significant trade deficit of units, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
units, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
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