The mobile phone market size in Sweden has progressed from 1.4351 billion euros in 2012 to 2.1638 billion euros in 2022. Despite some fluctuations, the market has generally followed an upward trend. A significant rise occurred from 2013 to 2014 with a year-on-year increase of 14.25%. A maximal contraction happened in 2015 and 2016 with small declines. In recent periods, growth has been modest yet consistent, exhibiting year-on-year increases in the range of 1.13% to 2.34% from 2019 to 2022. The compound annual growth rate (CAGR) over the past five years stands at a stable 3.34%. As of 2023, the market value reached over 2.2 billion euros.
Future trends to watch for include the integration of 5G technology, advances in smartphone capabilities, and shifting consumer preferences towards more sustainable and eco-friendly products.
How does Sweden rank in Mobile Phones Market Size Value?
| # | 9 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 13,317,000,000 | 2023 | +1.38% | +0.75% | View data |
| 2 | 2 Germany | 11,182,000,000 | 2023 | +4% | +2.55% | View data |
| 3 | 3 France | 8,137,900,000 | 2023 | +3.55% | +1.13% | View data |
| 4 | 4 Italy | 5,192,600,000 | 2023 | +1.06% | +0.48% | View data |
| 5 | 5 Sweden | 2,307,300,000 | 2023 | +3.11% | +2.46% | |
| 6 | 6 Denmark | 1,487,200,000 | 2023 | +2.37% | +5.89% | View data |
| 7 | 7 Portugal | 983,500,000 | 2023 | +3.46% | +2.79% | View data |
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