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

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

The average non-keyboard electrical musical instruments import price stood at $515 per unit in September 2023, surging by 13% against the previous month. Over the period from September 2022 to September 2023, it increased at an average monthly rate of +2.4%. The most prominent rate of growth was recorded in June 2023 when the average import price increased by 43% against the previous month. The import price peaked in September 2023.

Prices varied noticeably by the country of origin: the country with the highest price was the United States ($1,835 per unit), while the price for China ($264 per unit) was amongst the lowest.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Japan (+11.0%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average non-keyboard electrical musical instruments export price stood at $785 per unit in 2022, with an increase of 3.7% against the previous year. Over the period under review, export price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, non-keyboard electrical musical instruments export price decreased by -33.1% against 2019 indices. The most prominent rate of growth was recorded in 2017 an increase of 69% against the previous year. The export price peaked at $1,173 per unit in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($1,632 per unit), while the average price for exports to Sweden ($611 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 the Netherlands (+5.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Keyboard Electrical Musical Instruments in Norway

After three years of growth, supplies from abroad of non-keyboard electrical musical instrumentses decreased by -10.5% to 23K units in 2022. The total import volume increased at an average annual rate of +4.7% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 18% against the previous year. As a result, imports attained the peak of 25K units, and then contracted in the following year.

In value terms, non-keyboard electrical musical instruments imports shrank to $10M in 2022. Over the period under review, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +10.1% 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 +33.6% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 29% against the previous year. As a result, imports attained the peak of $12M, and then shrank in the following year.

Import of Non-Keyboard Electrical Musical Instruments in Norway (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	2,016	2,059	2,401	2,263	3.9%
China	1,464	1,862	2,566	2,205	14.6%
Indonesia	1,013	1,717	2,402	2,066	26.8%
Mexico	677	756	1,162	849	7.8%
Malaysia	297	452	489	771	37.4%
Japan	311	378	490	478	15.4%
Germany	468	558	749	382	-6.5%
South Korea	239	268	293	244	0.7%
United Kingdom	281	225	226	136	-21.5%
Sweden	79.4	50.3	63.3	59.1	-9.4%
Others	730	732	887	665	-3.1%
Total	7,576	9,057	11,729	10,119	10.1%

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

China (9.1K units)
Indonesia (5.9K units)
United States (1.8K units)
Mexico (1.3K units)
Malaysia (1.1K units)
Japan (0.6K units)
Germany (0.6K units)
United Kingdom (0.3K units)
Sweden (0.3K units)
South Korea (0.3K units)

Exports of Non-Keyboard Electrical Musical Instruments in Norway

In 2022, approx. 582 units of non-keyboard electrical musical instrumentses were exported from Norway; picking up by 150% compared with the year before. In general, exports recorded a significant increase. 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 $457K in 2022. Over the period under review, exports showed a remarkable increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Export of Non-Keyboard Electrical Musical Instruments in Norway (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	21.1	48.5	67.9	242	125.5%
Germany	33.9	40.0	49.1	58.1	19.7%
Denmark	8.7	4.3	6.9	32.3	54.8%
United Kingdom	14.5	41.3	17.6	16.3	4.0%
Netherlands	8.7	2.9	0.6	13.5	15.8%
Sweden	18.6	16.6	14.2	13.4	-10.4%
Italy	1.6	4.3	N/A	7.9	70.3%
Australia	N/A	27.4	1.5	3.8	-62.8%
Belgium	175	8.2	N/A	N/A	-95.3%
Others	32.4	29.6	18.6	69.6	29.0%
Total	314	223	176	457	13.3%