Musical Instrument Strings Price in Spain - 2023
Contents:
- Musical Instrument Strings Price in Spain (CIF) - 2022
- Musical Instrument Strings Price in Spain (FOB) - 2023
- Musical Instrument Strings Imports in Spain
- Musical Instrument Strings Exports in Spain
Musical Instrument Strings Price in Spain (CIF) - 2022
In 2022, the average musical instrument strings import price amounted to $2.9 per unit, therefore, remained relatively stable against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.3%. The most prominent rate of growth was recorded in 2018 when the average import price increased by 39%. As a result, import price attained the peak level of $3 per unit. From 2019 to 2022, the average import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($6.3 per unit), while the price for the Netherlands ($1.3 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+15.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Musical Instrument Strings Price in Spain (FOB) - 2023
In August 2023, the average musical instrument strings export price amounted to $4.1 per unit, surging by 3.8% against the previous month. Overall, export price indicated mild growth from August 2022 to August 2023: its price increased at an average monthly rate of +1.7% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on August 2023 figures, musical instrument strings export price increased by +72.0% against June 2023 indices. The growth pace was the most rapid in July 2023 an increase of 66% m-o-m. Over the period under review, the average export prices reached the maximum at $4.7 per unit in October 2022; however, from November 2022 to August 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Portugal ($8.0 per unit), while the average price for exports to Italy ($2.9 per unit) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+5.8%), while the prices for the other major destinations experienced more modest paces of growth.
Musical Instrument Strings Imports in Spain
In 2022, supplies from abroad of musical instrument stringses decreased by -5.7% to 1.6M units, falling for the second year in a row after two years of growth. Overall, imports saw a abrupt descent. The most prominent rate of growth was recorded in 2020 when imports increased by 4.3%. As a result, imports attained the peak of 2M units. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, musical instrument strings imports reduced to $4.6M in 2022. Over the period under review, imports continue to indicate a mild decline. The pace of growth was the most pronounced in 2021 with an increase of 3.8%. As a result, imports attained the peak of $4.8M, and then declined in the following year.
| Import of Musical Instrument Strings in Spain (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1,967 | 942 | 1,155 | 1,374 | -11.3% |
| Germany | 895 | 1,123 | 1,475 | 1,045 | 5.3% |
| France | 472 | 278 | 587 | 747 | 16.5% |
| Austria | 199 | 471 | 555 | 497 | 35.7% |
| Italy | 104 | 298 | 226 | 226 | 29.5% |
| United Kingdom | 685 | 801 | 195 | 164 | -37.9% |
| Poland | 125 | 310 | 155 | 138 | 3.4% |
| China | 75.7 | 73.0 | 104 | 79.0 | 1.4% |
| Netherlands | 43.6 | 26.1 | 45.3 | 33.3 | -8.6% |
| Others | 255 | 331 | 335 | 288 | 4.1% |
| Total | 4,821 | 4,653 | 4,832 | 4,590 | -1.6% |
Top Suppliers of Musical Instrument Strings to Spain in 2022:
- United States (430.5K units)
- Germany (374.9K units)
- France (263.3K units)
- Austria (228.2K units)
- Italy (135.5K units)
- China (38.2K units)
- Poland (30.6K units)
- United Kingdom (26.1K units)
- Netherlands (25.4K units)
Musical Instrument Strings Exports in Spain
After three years of growth, overseas shipments of musical instrument stringses decreased by -36.6% to 643K units in 2022. In general, exports, however, showed a significant expansion. The growth pace was the most rapid in 2020 when exports increased by 147% against the previous year. The exports peaked at 1M units in 2021, and then dropped rapidly in the following year.
In value terms, musical instrument strings exports dropped rapidly to $1.9M in 2022. Overall, exports, however, posted a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 106%. The exports peaked at $3.2M in 2021, and then dropped significantly in the following year.
| Export of Musical Instrument Strings in Spain (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 231 | 894 | 1,260 | 758 | 48.6% |
| Portugal | 196 | 206 | 237 | 333 | 19.3% |
| United Kingdom | 210 | 457 | 105 | 246 | 5.4% |
| France | 231 | 318 | 362 | 218 | -1.9% |
| Germany | 107 | 145 | 308 | 151 | 12.2% |
| Poland | 43.2 | 74.8 | 692 | 66.6 | 15.5% |
| Others | 62.6 | 128 | 249 | 116 | 22.8% |
| Total | 1,081 | 2,223 | 3,212 | 1,889 | 20.4% |
Top Export Markets for Musical Instrument Strings from Spain in 2022:
- Italy (394.2K units)
- France (85.6K units)
- Portugal (55.7K units)
- Germany (36.9K units)
- United Kingdom (32.9K units)
- Poland (10.5K units)
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