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

Contents:

1. Price for Non-Keyboard Electrical Musical Instruments in Croatia (CIF) - 2023
2. Price for Non-Keyboard Electrical Musical Instruments in Croatia (FOB) - 2023
3. Imports of Non-Keyboard Electrical Musical Instruments in Croatia
4. Exports of Non-Keyboard Electrical Musical Instruments in Croatia

Price for Non-Keyboard Electrical Musical Instruments in Croatia (CIF) - 2023

The average non-keyboard electrical musical instruments import price stood at $493 per unit in August 2023, shrinking by -5.9% against the previous month. In general, import price indicated a slight expansion from August 2022 to August 2023: its price increased at an average monthly rate of +1.8% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on August 2023 figures, non-keyboard electrical musical instruments import price decreased by -39.4% against April 2023 indices. The pace of growth was the most pronounced in March 2023 an increase of 31% month-to-month. The import price peaked at $813 per unit in April 2023; however, from May 2023 to August 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was Belgium ($1,504 per unit), while the price for Austria ($273 per unit) was amongst the lowest.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Belgium (+15.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Non-Keyboard Electrical Musical Instruments in Croatia (FOB) - 2023

The average non-keyboard electrical musical instruments export price stood at $831 per unit in August 2023, which is down by -3.5% against the previous month. In general, the export price, however, recorded a prominent expansion. The pace of growth appeared the most rapid in November 2022 when the average export price increased by 51% against the previous month. Over the period under review, the average export prices reached the maximum at $860 per unit in July 2023, and then reduced in the following month.

There were significant differences in the average prices for the major export markets. In August 2023, the country with the highest price was Serbia ($1,520 per unit), while the average price for exports to Montenegro ($126 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 the Netherlands (+12.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Keyboard Electrical Musical Instruments in Croatia

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 -6.3% to 8.6K units. Overall, total imports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +12.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 46%. Imports peaked at 9.1K units in 2021, and then declined in the following year.

In value terms, non-keyboard electrical musical instruments imports stood at $1.9M in 2022. The total import value increased at an average annual rate of +3.0% from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 when imports increased by 5.4% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the immediate term.

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

1. Netherlands (3.7K units)
2. Germany (1.7K units)
3. Slovenia (1.1K units)
4. Belgium (0.6K units)
5. China (0.5K units)
6. Austria (0.4K units)
7. Indonesia (0.3K units)

Exports of Non-Keyboard Electrical Musical Instruments in Croatia

Non-keyboard electrical musical instruments exports from Croatia skyrocketed to 2.5K units in 2022, rising by 125% on the previous year. In general, exports continue to indicate significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, non-keyboard electrical musical instruments exports soared to $662K in 2022. Over the period under review, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 174%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the near future.

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

1. Germany (2157.0 units)
2. Montenegro (171.0 units)
3. Serbia (67.0 units)
4. Netherlands (54.0 units)

Source: IndexBox Market Intelligence Platform