Musical Instrument Strings Price in Peru - 2021

Contents:

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

Musical Instrument Strings Price in Peru (CIF) - 2022

The average musical instrument strings import price stood at $1.2 per unit in 2022, which is down by -1.9% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 17%. The import price peaked at $1.4 per unit in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the UK ($2.9 per unit), while the price for China ($0.5 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+5.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Musical Instrument Strings Price in Peru (FOB) - 2022

The average musical instrument strings export price stood at $1.6 per unit in 2022, which is down by -41.6% against the previous year. Overall, the export price showed a perceptible setback. The pace of growth was the most pronounced in 2021 an increase of 23%. As a result, the export price attained the peak level of $2.7 per unit, and then contracted significantly in the following year.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($3.2 per unit), while the average price for exports to Chile amounted to $0.4 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+3.0%).

Musical Instrument Strings Imports in Peru

Musical instrument strings imports into Peru shrank modestly to 605K units in 2022, standing approx. at the year before. In general, imports saw a noticeable shrinkage. The pace of growth was the most pronounced in 2021 when imports increased by 3.5%. Over the period under review, imports attained the maximum at 676K units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, musical instrument strings imports declined slightly to $698K in 2022. Over the period under review, imports showed a pronounced curtailment. The pace of growth appeared the most rapid in 2021 with an increase of 5.7% against the previous year. Over the period under review, imports attained the peak figure at $763K in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Top Suppliers of Musical Instrument Strings to Peru in 2022:

1. China (317.3K units)
2. United States (211.6K units)
3. Argentina (31.9K units)
4. United Kingdom (11.6K units)

Musical Instrument Strings Exports in Peru

For the fourth consecutive year, Peru recorded growth in overseas shipments of musical instrument stringses, which increased by 28% to 7.1K units in 2022. Over the period under review, exports recorded a significant increase. The growth pace was the most rapid in 2021 with an increase of 67% against the previous year. The exports peaked in 2022 and are likely to continue growth in the near future.

In value terms, musical instrument strings exports declined notably to $11K in 2022. Overall, exports continue to indicate a significant expansion. The growth pace was the most rapid in 2021 with an increase of 105%. As a result, the exports reached the peak of $15K, and then declined remarkably in the following year.

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

1. Chile (4.1K units)
2. Germany (2.9K units)

Source: IndexBox Market Intelligence Platform