Price for Musical Instruments; Parts and Accessories for Pianos in Portugal - 2023
Contents:
- Price for Musical Instruments; Parts and Accessories for Pianos in Portugal (FOB) - 2023
- Price for Musical Instruments; Parts and Accessories for Pianos in Portugal (CIF) - 2022
- Exports of Musical Instruments; Parts and Accessories for Pianos in Portugal
- Imports of Musical Instruments; Parts and Accessories for Pianos in Portugal
Price for Musical Instruments; Parts and Accessories for Pianos in Portugal (FOB) - 2023
The average export price for musical instruments; parts and accessories for pianoses stood at $28,282 per ton in November 2023, stabilizing at the previous month. Overall, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in May 2023 when the average export price increased by 107% month-to-month. Over the period under review, the average export prices reached the maximum at $49,185 per ton in July 2023; however, from August 2023 to November 2023, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Germany.
From November 2022 to November 2023, the rate of growth in terms of prices for Belgium amounted to +4.1% per month.
Price for Musical Instruments; Parts and Accessories for Pianos in Portugal (CIF) - 2022
The average import price for musical instruments; parts and accessories for pianoses stood at $18,173 per ton in 2022, rising by 8% against the previous year. In general, the import price, however, recorded a mild downturn. The most prominent rate of growth was recorded in 2021 when the average import price increased by 65% against the previous year. The import price peaked at $21,010 per ton in 2012; however, from 2013 to 2022, 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 Italy ($43,382 per ton), while the price for China ($5,234 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+5.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Musical Instruments; Parts and Accessories for Pianos in Portugal
For the third year in a row, Portugal recorded decline in shipments abroad of musical instruments; parts and accessories for pianoses, which decreased by -24.1% to 52 tons in 2022. Overall, exports recorded a abrupt slump. The smallest decline of -3.7% was in 2020.
In value terms, exports of musical instruments; parts and accessories for pianoses fell markedly to $1.3M in 2022. In general, exports showed a deep downturn. The growth pace was the most rapid in 2021 when exports increased by 12%. As a result, the exports reached the peak of $1.9M, and then contracted significantly in the following year.
| Export of Musical Instruments; Parts and Accessories for Pianos in Portugal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 1,551 | 1,555 | 1,619 | 1,061 | -11.9% |
| Luxembourg | N/A | 11.9 | N/A | 116 | 212.2% |
| Spain | 161 | 37.5 | 138 | 35.1 | -39.8% |
| Hungary | 73.6 | 48.7 | 85.7 | 23.3 | -31.8% |
| Japan | N/A | N/A | N/A | 21.0 | 0% |
| Others | 86.2 | 40.5 | 61.7 | 10.2 | -50.9% |
| Total | 1,872 | 1,693 | 1,904 | 1,266 | -12.2% |
Top Export Markets for Musical Instruments; Parts and Accessories for Pianos from Portugal in 2022:
- Germany (42.3 tons)
- Luxembourg (5.2 tons)
- Japan (1.4 tons)
- Spain (1.4 tons)
- Hungary (0.8 tons)
Imports of Musical Instruments; Parts and Accessories for Pianos in Portugal
Imports of musical instruments; parts and accessories for pianoses into Portugal skyrocketed to 15 tons in 2022, growing by 27% on the year before. In general, total imports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +14.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +50.5% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of 42% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in years to come.
In value terms, imports of musical instruments; parts and accessories for pianoses soared to $274K in 2022. Overall, imports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 48% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Musical Instruments; Parts and Accessories for Pianos in Portugal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 48.8 | 62.3 | 69.1 | 141 | 42.4% |
| Italy | 10.9 | 26.6 | 30.9 | 51.3 | 67.6% |
| Germany | 21.7 | 32.8 | 52.1 | 39.6 | 22.2% |
| Belgium | 7.8 | 16.9 | 26.3 | 18.0 | 32.1% |
| France | 1.7 | 0.9 | 2.1 | 5.5 | 47.9% |
| Indonesia | N/A | N/A | 2.1 | 3.4 | 61.9% |
| China | 0.3 | 2.1 | 4.9 | 3.0 | 115.4% |
| Others | 6.9 | 3.8 | 12.1 | 12.6 | 22.2% |
| Total | 98.1 | 145 | 200 | 274 | 40.8% |
Top Suppliers of Musical Instruments; Parts and Accessories for Pianos to Portugal in 2022:
- Spain (7.9 tons)
- Germany (2.5 tons)
- Belgium (1.8 tons)
- Italy (1.2 tons)
- China (0.6 tons)
- Indonesia (0.4 tons)
- France (0.3 tons)
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