Musical Instrument Strings Price in Sweden - 2023

Contents:

1. Musical Instrument Strings Price in Sweden (CIF) - 2023
2. Musical Instrument Strings Price in Sweden (FOB) - 2023
3. Musical Instrument Strings Imports in Sweden
4. Musical Instrument Strings Exports in Sweden

Musical Instrument Strings Price in Sweden (CIF) - 2023

In August 2023, the average musical instrument strings import price amounted to $1.7 per unit, waning by -6.2% against the previous month. Overall, the import price showed a perceptible reduction. The growth pace was the most rapid in April 2023 an increase of 77% month-to-month. As a result, import price reached the peak level of $2.7 per unit. From May 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 ($2.0 per unit), while the price for China ($850 per thousand units) was amongst the lowest.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by China (+2.6%), while the prices for the other major suppliers experienced a decline.

Musical Instrument Strings Price in Sweden (FOB) - 2023

In August 2023, the average musical instrument strings export price amounted to $321 per thousand units, waning by -30% against the previous month. Overall, the export price faced a abrupt slump. The most prominent rate of growth was recorded in April 2023 an increase of 148% against the previous month. As a result, the export price reached the peak level of $2.6 per unit. From May 2023 to August 2023, the the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In August 2023, the country with the highest price was Denmark ($3.0 per unit), while the average price for exports to Norway ($222 per thousand units) 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 Finland (+9.5%), while the prices for the other major destinations experienced mixed trend patterns.

Musical Instrument Strings Imports in Sweden

In 2022, the amount of musical instrument stringses imported into Sweden dropped to 1.3M units, waning by -10.9% against the year before. Overall, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 19%. As a result, imports attained the peak of 1.5M units, and then reduced in the following year.

In value terms, musical instrument strings imports dropped slightly to $2.7M in 2022. In general, imports, however, showed a modest increase. The growth pace was the most rapid in 2021 with an increase of 9.3% against the previous year. As a result, imports reached the peak of $2.7M, leveling off in the following year.

Top Suppliers of Musical Instrument Strings to Sweden in 2022:

1. United States (1142.1K units)
2. Germany (49.5K units)
3. China (47.7K units)
4. United Kingdom (17.7K units)

Musical Instrument Strings Exports in Sweden

In 2022, the amount of musical instrument stringses exported from Sweden contracted to 943K units, reducing by -5.9% compared with the year before. In general, exports showed a abrupt decline. The pace of growth appeared the most rapid in 2021 with an increase of 1.9% against the previous year. The exports peaked at 1.3M units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, musical instrument strings exports fell to $1.7M in 2022. The total export value increased at an average annual rate of +1.8% over the period from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 15%. As a result, the exports reached the peak of $1.9M, and then declined in the following year.

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

1. Norway (525.2K units)
2. Finland (219.0K units)
3. Denmark (131.6K units)
4. United States (40.5K units)

Source: IndexBox Market Intelligence Platform