Price for Non-Keyboard Electrical Musical Instruments in Bulgaria - 2023

Contents:

1. Price for Non-Keyboard Electrical Musical Instruments in Bulgaria (CIF) - 2022
2. Price for Non-Keyboard Electrical Musical Instruments in Bulgaria (FOB) - 2022
3. Imports of Non-Keyboard Electrical Musical Instruments in Bulgaria
4. Exports of Non-Keyboard Electrical Musical Instruments in Bulgaria

Price for Non-Keyboard Electrical Musical Instruments in Bulgaria (CIF) - 2022

In 2022, the average non-keyboard electrical musical instruments import price amounted to $194 per unit, increasing by 34% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The import price peaked at $215 per unit in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($738 per unit), while the price for Italy ($108 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+13.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Non-Keyboard Electrical Musical Instruments in Bulgaria (FOB) - 2022

The average non-keyboard electrical musical instruments export price stood at $151 per unit in 2022, approximately mirroring the previous year. Overall, the export price showed a deep slump. The most prominent rate of growth was recorded in 2016 when the average export price increased by 147%. The export price peaked at $508 per unit in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Azerbaijan ($159 per unit), while the average price for exports to Armenia ($42 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 Armenia (-1.1%), while the prices for the other major destinations experienced a decline.

Imports of Non-Keyboard Electrical Musical Instruments in Bulgaria

In 2022, after three years of growth, there was significant decline in purchases abroad of non-keyboard electrical musical instrumentses, when their volume decreased by -17.4% to 5K units. In general, total imports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +10.1% 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 +33.4% against 2019 indices. The pace of growth was the most pronounced in 2021 when imports increased by 60%. As a result, imports reached the peak of 6K units, and then declined remarkably in the following year.

In value terms, non-keyboard electrical musical instruments imports rose rapidly to $964K in 2022. Over the period under review, imports, however, recorded a significant expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 82% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Top Suppliers of Non-Keyboard Electrical Musical Instruments to Bulgaria in 2022:

1. Slovenia (1162.0 units)
2. Belgium (996.0 units)
3. China (909.0 units)
4. Germany (722.0 units)
5. Netherlands (538.0 units)
6. Italy (187.0 units)
7. Japan (178.0 units)
8. United Kingdom (46.0 units)

Exports of Non-Keyboard Electrical Musical Instruments in Bulgaria

In 2022, shipments abroad of non-keyboard electrical musical instrumentses decreased by -13.3% to 1.7K units for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, continue to indicate significant growth. The pace of growth was the most pronounced in 2021 with an increase of 207% against the previous year. As a result, the exports attained the peak of 2K units, and then dropped in the following year.

In value terms, non-keyboard electrical musical instruments exports dropped to $255K in 2022. In general, exports, however, posted significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 415%. As a result, the exports reached the peak of $296K, and then reduced in the following year.

Top Export Markets for Non-Keyboard Electrical Musical Instruments from Bulgaria in 2022:

1. Germany (1572.0 units)
2. Romania (43.0 units)
3. Armenia (39.0 units)
4. Azerbaijan (29.0 units)

Source: IndexBox Market Intelligence Platform