Musical Instrument Strings Price in Argentina - 2023

Contents:

1. Musical Instrument Strings Price in Argentina (CIF) - 2022
2. Musical Instrument Strings Price in Argentina (FOB) - 2022
3. Musical Instrument Strings Imports in Argentina
4. Musical Instrument Strings Exports in Argentina

Musical Instrument Strings Price in Argentina (CIF) - 2022

The average musical instrument strings import price stood at $2.2 per unit in 2022, reducing by -10.5% against the previous year. Overall, import price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, musical instrument strings import price increased by +46.3% against 2018 indices. The most prominent rate of growth was recorded in 2021 an increase of 46%. As a result, import price attained the peak level of $2.5 per unit, and then shrank in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($3.3 per unit), while the price for China ($0.8 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+6.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Musical Instrument Strings Price in Argentina (FOB) - 2022

In 2022, the average musical instrument strings export price amounted to $1.6 per unit, leveling off at the previous year. Over the last decade, it increased at an average annual rate of +1.4%. The most prominent rate of growth was recorded in 2020 when the average export price increased by 39%. The export price peaked at $1.7 per unit in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Peru ($2.1 per unit), while the average price for exports to Mexico ($1.3 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Peru (+3.5%), while the prices for the other major destinations experienced more modest paces of growth.

Musical Instrument Strings Imports in Argentina

In 2022, purchases abroad of musical instrument stringses was finally on the rise to reach 354K units for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, showed a abrupt downturn. Imports peaked at 517K units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, musical instrument strings imports surged to $777K in 2022. Over the period under review, imports, however, continue to indicate a pronounced reduction. Over the period under review, imports hit record highs at $856K in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Top Suppliers of Musical Instrument Strings to Argentina in 2022:

1. United States (152.6K units)
2. China (117.5K units)
3. Brazil (17.5K units)
4. France (15.7K units)
5. United Kingdom (14.5K units)
6. Mexico (13.7K units)

Musical Instrument Strings Exports in Argentina

In 2022, overseas shipments of musical instrument stringses decreased by -30.2% to 89K units, falling for the second consecutive year after two years of growth. In general, exports, however, enjoyed a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 707%. As a result, the exports reached the peak of 166K units. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, musical instrument strings exports declined sharply to $142K in 2022. Over the period under review, exports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 1,025% against the previous year. As a result, the exports reached the peak of $262K. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Top Export Markets for Musical Instrument Strings from Argentina in 2022:

1. Mexico (49.4K units)
2. Bolivia (21.0K units)
3. Peru (18.7K units)

Source: IndexBox Market Intelligence Platform