Musical Instrument Strings Price in Brazil - 2023
Contents:
- Musical Instrument Strings Price in Brazil (CIF) - 2023
- Musical Instrument Strings Price in Brazil (FOB) - 2022
- Musical Instrument Strings Imports in Brazil
- Musical Instrument Strings Exports in Brazil
Musical Instrument Strings Price in Brazil (CIF) - 2023
In October 2023, the average musical instrument strings import price amounted to $1.9 per unit, rising by 16% against the previous month. In general, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in April 2023 an increase of 800% month-to-month. As a result, import price attained the peak level of $15.9 per unit. From May 2023 to October 2023, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was France ($4.2 per unit), while the price for China ($1.4 per unit) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by France (+1.8%), while the prices for the other major suppliers experienced a decline.
Musical Instrument Strings Price in Brazil (FOB) - 2022
In 2022, the average musical instrument strings export price amounted to $1.5 per unit, reducing by -15.6% against the previous year. Over the period under review, the export price recorded a noticeable slump. The most prominent rate of growth was recorded in 2014 when the average export price increased by 20% against the previous year. As a result, the export price attained the peak level of $2.6 per unit. From 2015 to 2022, the average export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($2.2 per unit), while the average price for exports to Hong Kong SAR ($0.8 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 Hong Kong SAR (+21.7%), while the prices for the other major destinations experienced more modest paces of growth.
Musical Instrument Strings Imports in Brazil
In 2022, the amount of musical instrument stringses imported into Brazil declined to 1.7M units, waning by -13% compared with the previous year's figure. In general, imports continue to indicate a deep reduction. The pace of growth appeared the most rapid in 2021 when imports increased by 37%. Imports peaked at 2.6M units in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, musical instrument strings imports rose markedly to $3.2M in 2022. Over the period under review, imports continue to indicate a pronounced reduction. The growth pace was the most rapid in 2021 with an increase of 40%. Over the period under review, imports attained the peak figure at $3.5M in 2019; however, from 2020 to 2022, imports remained at a lower figure.
| Import of Musical Instrument Strings in Brazil (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 2,886 | 1,753 | 2,391 | 2,613 | -3.3% |
| China | 235 | 137 | 209 | 199 | -5.4% |
| Argentina | 163 | 157 | 219 | 139 | -5.2% |
| Hong Kong SAR | N/A | 21.1 | 0.5 | 21.0 | -0.2% |
| Others | 245 | 117 | 233 | 264 | 2.5% |
| Total | 3,529 | 2,185 | 3,053 | 3,235 | -2.9% |
Top Suppliers of Musical Instrument Strings to Brazil in 2022:
- United States (1219.0K units)
- China (298.6K units)
- Argentina (96.9K units)
- Hong Kong SAR (31.9K units)
Musical Instrument Strings Exports in Brazil
In 2022, overseas shipments of musical instrument stringses decreased by -8.3% to 137K units for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, enjoyed a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 70% against the previous year. As a result, the exports attained the peak of 150K units, and then dropped in the following year.
In value terms, musical instrument strings exports shrank remarkably to $205K in 2022. Over the period under review, exports, however, continue to indicate a resilient expansion. The pace of growth was the most pronounced in 2021 with an increase of 63% against the previous year. As a result, the exports reached the peak of $265K, and then declined markedly in the following year.
| Export of Musical Instrument Strings in Brazil (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Chile | 30.8 | 27.3 | 80.5 | 45.1 | 13.6% |
| China | 10.3 | 59.9 | 38.9 | 34.1 | 49.0% |
| United States | 5.4 | 3.1 | 19.4 | 30.0 | 77.1% |
| Argentina | 13.6 | 14.1 | 29.5 | 27.1 | 25.8% |
| United Kingdom | 33.5 | 27.5 | 28.2 | 25.8 | -8.3% |
| Hong Kong SAR | N/A | 0.5 | 1.4 | 9.7 | 340.5% |
| Portugal | 2.2 | 3.8 | 6.7 | 7.9 | 53.1% |
| Others | 23.0 | 26.9 | 60.7 | 25.7 | 3.8% |
| Total | 119 | 163 | 265 | 205 | 19.9% |
Top Export Markets for Musical Instrument Strings from Brazil in 2022:
- China (29.9K units)
- Chile (25.4K units)
- United States (19.3K units)
- Argentina (15.7K units)
- Hong Kong SAR (12.1K units)
- United Kingdom (11.8K units)
- Portugal (6.2K units)
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