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

Contents:

1. Price for Non-Keyboard Electrical Musical Instruments in Ireland (CIF) - 2023
2. Price for Non-Keyboard Electrical Musical Instruments in Ireland (FOB) - 2022
3. Imports of Non-Keyboard Electrical Musical Instruments in Ireland
4. Exports of Non-Keyboard Electrical Musical Instruments in Ireland

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

In August 2023, the average non-keyboard electrical musical instruments import price amounted to $352 per unit, waning by -2.4% against the previous month. Over the period under review, import price indicated a temperate increase from August 2022 to August 2023: its price increased at an average monthly rate of +2.0% 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 increased by +1.3% against May 2023 indices. The most prominent rate of growth was recorded in September 2022 an increase of 50% m-o-m. Over the period under review, average import prices reached the maximum at $489 per unit in March 2023; however, from April 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 the United States ($1,040 per unit), while the price for China ($159 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 Indonesia (+2.3%), while the prices for the other major suppliers experienced a decline.

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

In 2022, the average non-keyboard electrical musical instruments export price amounted to $79 per unit, growing by 12% against the previous year. In general, the export price, however, faced a drastic downturn. The most prominent rate of growth was recorded in 2018 an increase of 186%. The export price peaked at $344 per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to the UK ($90 per unit) and Switzerland ($82 per unit), while the average price for exports to Israel ($65 per unit) and Canada ($65 per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (+0.3%), while the prices for the other major destinations experienced a decline.

Imports of Non-Keyboard Electrical Musical Instruments in Ireland

Non-keyboard electrical musical instruments imports into Ireland soared to 27K units in 2022, rising by 45% compared with 2021 figures. In general, total imports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +14.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +51.2% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, non-keyboard electrical musical instruments imports stood at $5.8M in 2022. The total import value increased at an average annual rate of +2.5% from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

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

1. China (11.9K units)
2. Germany (10.1K units)
3. Indonesia (1.6K units)
4. Netherlands (0.9K units)
5. United Kingdom (0.5K units)
6. United States (0.4K units)

Exports of Non-Keyboard Electrical Musical Instruments in Ireland

For the fourth consecutive year, Ireland recorded growth in overseas shipments of non-keyboard electrical musical instrumentses, which increased by 12% to 4.3K units in 2022. Overall, exports posted a significant increase. The pace of growth appeared the most rapid in 2021 when exports increased by 254%. The exports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, non-keyboard electrical musical instruments exports soared to $338K in 2022. Over the period under review, exports posted a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 143%. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in years to come.

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

1. United States (1506.0 units)
2. United Kingdom (1324.0 units)
3. Israel (134.0 units)
4. Canada (99.0 units)
5. New Zealand (88.0 units)
6. Switzerland (62.0 units)

Source: IndexBox Market Intelligence Platform