Musical Instrument Strings Price in France - 2023

Musical Instrument Strings Price in France (CIF) - 2023

The average musical instrument strings import price stood at $2.7 per unit in August 2023, surging by 2.9% against the previous month. In general, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in March 2023 an increase of 57% against the previous month. As a result, import price reached the peak level of $4.1 per unit. From April 2023 to August 2023, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was Germany ($5.8 per unit), while the price for China ($1.6 per unit) was amongst the lowest.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Bulgaria (+1.1%), while the prices for the other major suppliers experienced a decline.

Musical Instrument Strings Price in France (FOB) - 2022

The average musical instrument strings export price stood at $4 per unit in 2022, picking up by 7.6% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.2%. The growth pace was the most rapid in 2014 an increase of 37% against the previous year. The export price peaked at $4.3 per unit in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

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 Germany ($5.9 per unit), while the average price for exports to Morocco ($0.5 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 the Netherlands (+7.6%), while the prices for the other major destinations experienced more modest paces of growth.

Musical Instrument Strings Imports in France

In 2022, the amount of musical instrument stringses imported into France amounted to 9.4M units, surging by 12% on 2021. Overall, imports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 167% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to see gradual growth in the near future.

In value terms, musical instrument strings imports expanded notably to $26M in 2022. Over the period under review, imports showed a significant increase. The pace of growth was the most pronounced in 2021 when imports increased by 113% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the immediate term.

Import of Musical Instrument Strings in France (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	3.2	1.6	12.9	15.3	68.5%
Germany	2.4	5.7	6.5	6.5	39.4%
Italy	0.1	0.3	0.5	0.6	81.7%
Spain	0.3	0.5	0.5	0.6	26.0%
Mexico	0.6	0.4	0.6	0.5	-5.9%
Bulgaria	0.3	0.3	0.4	0.4	10.1%
United Kingdom	1.4	0.9	0.3	0.3	-40.2%
China	0.2	0.2	0.6	0.2	0.0%
Others	1.7	1.5	1.9	2.0	5.6%
Total	10.1	11.4	24.3	26.3	37.6%

Top Suppliers of Musical Instrument Strings to France in 2022:

United States (6.5M units)
Germany (0.9M units)
Spain (0.5M units)
China (0.3M units)
Italy (0.2M units)
Mexico (0.2M units)
Bulgaria (0.2M units)
United Kingdom (0.1M units)

Musical Instrument Strings Exports in France

Musical instrument strings exports from France fell significantly to 2.2M units in 2022, reducing by -18.7% on 2021. The total export volume increased at an average annual rate of +3.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when exports increased by 39% against the previous year. As a result, the exports reached the peak of 2.7M units, and then dropped markedly in the following year.

In value terms, musical instrument strings exports reduced to $8.7M in 2022. The total export value increased at an average annual rate of +3.6% from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 19%. As a result, the exports reached the peak of $10M, and then shrank in the following year.

Export of Musical Instrument Strings in France (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Spain	834	671	1,016	1,359	17.7%
Germany	1,211	1,414	1,511	1,279	1.8%
Netherlands	1,205	1,425	1,497	1,218	0.4%
Sweden	143	723	722	681	68.2%
United States	542	555	693	445	-6.4%
China	388	393	472	441	4.4%
Belgium	411	369	445	362	-4.1%
Austria	312	386	309	349	3.8%
Italy	300	343	483	317	1.9%
Japan	437	243	330	246	-17.4%
Poland	330	252	309	197	-15.8%
Czech Republic	145	166	187	181	7.7%
Morocco	8.3	8.7	184	35.2	61.9%
Others	1,574	1,431	1,809	1,610	0.8%
Total	7,841	8,380	9,966	8,721	3.6%