Musical Instrument Strings Price in Sudan - 2022
Contents:
Musical Instrument Strings Price in Sudan (CIF) - 2022
In 2022, the average musical instrument strings import price amounted to $0.7 per unit, with a decrease of -6.7% against the previous year. Over the period under review, the import price continues to indicate a noticeable descent. The pace of growth was the most pronounced in 2017 an increase of 79%. The import price peaked at $1.7 per unit in 2018; however, from 2019 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 China ($1 per unit), while the price for the United Arab Emirates ($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 United Arab Emirates (+2.4%).
Musical Instrument Strings Imports in Sudan
In 2022, after three years of growth, there was significant decline in supplies from abroad of musical instrument stringses, when their volume decreased by -19.6% to 41 units. The total import volume increased at an average annual rate of +4.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 34%. As a result, imports attained the peak of 51 units, and then declined significantly in the following year.
In value terms, musical instrument strings imports plummeted to $27 in 2022. In general, imports showed a abrupt shrinkage. The smallest decline of -14% was in 2020. Imports peaked at $50 in 2019; however, from 2020 to 2022, imports remained at a lower figure.
| Import of Musical Instrument Strings in Sudan (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 49.0 | 39.0 | 28.0 | 25.0 | -20.1% |
| China | 1.0 | 1.0 | 8.0 | 1.0 | 0.0% |
| Hong Kong SAR | N/A | N/A | N/A | 1.0 | 0% |
| Ethiopia | N/A | 3.0 | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 50.0 | 43.0 | 36.0 | 27.0 | -18.6% |
Top Suppliers of Musical Instrument Strings to Sudan in 2022:
- United Arab Emirates (39.0 units)
- China (1.0 units)
- Hong Kong SAR (1.0 units)
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