Musical Instrument Strings Price in Serbia - 2024
Contents:
- Musical Instrument Strings Price in Serbia (CIF) - 2022
- Musical Instrument Strings Price in Serbia (FOB) - 2022
- Musical Instrument Strings Imports in Serbia
- Musical Instrument Strings Exports in Serbia
Musical Instrument Strings Price in Serbia (CIF) - 2022
The average musical instrument strings import price stood at $2.7 per unit in 2022, picking up by 5.9% against the previous year. In general, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 29% against the previous year. The import price peaked at $2.8 per unit in 2019; however, from 2020 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Austria ($15 per unit), while the price for China ($0.6 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 (+4.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Musical Instrument Strings Price in Serbia (FOB) - 2022
The average musical instrument strings export price stood at $1.2 per unit in 2022, shrinking by -3.5% against the previous year. Over the period under review, the export price saw a abrupt contraction. The pace of growth appeared the most rapid in 2016 an increase of 104% against the previous year. Over the period under review, the average export prices hit record highs at $3.3 per unit in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bosnia and Herzegovina ($5.3 per unit), while the average price for exports to Germany ($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 Austria (+56.0%), while the prices for the other major destinations experienced more modest paces of growth.
Musical Instrument Strings Imports in Serbia
In 2022, supplies from abroad of musical instrument stringses decreased by -7.7% to 145K units, falling for the second year in a row after two years of growth. The total import volume increased at an average annual rate of +5.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 36% against the previous year. As a result, imports attained the peak of 165K units. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, musical instrument strings imports reduced to $390K in 2022. The total import value increased at an average annual rate of +4.5% from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 22%. As a result, imports attained the peak of $399K, and then reduced modestly in the following year.
| Import of Musical Instrument Strings in Serbia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 182 | 162 | 220 | 185 | 0.5% |
| Austria | 52.1 | 51.9 | 37.8 | 79.6 | 15.2% |
| Germany | 45.0 | 31.7 | 61.3 | 53.8 | 6.1% |
| China | 21.9 | 21.6 | 35.5 | 18.7 | -5.1% |
| United Kingdom | 13.3 | 21.7 | 8.4 | 13.7 | 1.0% |
| Slovenia | 3.6 | 2.9 | 4.0 | 11.0 | 45.1% |
| Mexico | 3.4 | 4.5 | 6.9 | 5.3 | 15.9% |
| France | 4.5 | 7.4 | 6.9 | 4.2 | -2.3% |
| Others | 15.7 | 21.6 | 18.1 | 18.6 | 5.8% |
| Total | 342 | 326 | 399 | 390 | 4.5% |
Top Suppliers of Musical Instrument Strings to Serbia in 2022:
- United States (82.1K units)
- China (30.8K units)
- Slovenia (8.4K units)
- United Kingdom (5.8K units)
- Germany (5.4K units)
- Austria (5.2K units)
- Mexico (2.2K units)
- France (1.6K units)
Musical Instrument Strings Exports in Serbia
In 2022, after two years of decline, there was significant growth in overseas shipments of musical instrument stringses, when their volume increased by 553% to 12K units. Overall, exports showed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, musical instrument strings exports soared to $13K in 2022. Over the period under review, exports posted significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Musical Instrument Strings in Serbia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| North Macedonia | 5.3 | 1.3 | 0.5 | 6.6 | 7.6% |
| Germany | N/A | N/A | 0.1 | 4.4 | 4300.0% |
| Bosnia and Herzegovina | 0.1 | 1.4 | 0.2 | 2.0 | 171.4% |
| Croatia | 0.3 | 1.2 | 0.4 | 0.3 | 0.0% |
| Montenegro | 2.0 | 1.2 | 0.9 | 0.1 | -63.2% |
| Others | N/A | 0.3 | N/A | N/A | 0% |
| Total | 7.8 | 5.5 | 2.1 | 13.4 | 19.8% |
Top Export Markets for Musical Instrument Strings from Serbia in 2022:
- Germany (9.2K units)
- North Macedonia (1.8K units)
- Bosnia and Herzegovina (0.4K units)
- Croatia (0.2K units)
- Montenegro (0.1K units)
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