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

Contents:

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

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

In August 2023, the average non-keyboard electrical musical instruments import price amounted to $511 per unit, rising by 22% against the previous month. Over the period under review, import price indicated tangible growth from August 2022 to August 2023: its price increased at an average monthly rate of +2.5% 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 -14.0% against June 2023 indices. The growth pace was the most rapid in June 2023 an increase of 78% against the previous month. As a result, import price reached the peak level of $594 per unit. From July 2023 to August 2023, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was the Netherlands ($627 per unit), while the price for Germany ($167 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 (+6.5%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average non-keyboard electrical musical instruments export price amounted to $154 per unit, falling by -16.6% against the previous year. Over the period under review, the export price showed a abrupt descent. The growth pace was the most rapid in 2020 when the average export price increased by 104%. As a result, the export price reached the peak level of $755 per unit. From 2021 to 2022, the average export prices failed to regain momentum.

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 Angola ($251 per unit), while the average price for exports to Mozambique ($135 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 UK (+13.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Keyboard Electrical Musical Instruments in Portugal

In 2022, approx. 28K units of non-keyboard electrical musical instrumentses were imported into Portugal; therefore, remained relatively stable against 2021 figures. In general, total imports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +17.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -9.6% against 2020 indices. The pace of growth appeared the most rapid in 2020 with an increase of 77% against the previous year. As a result, imports attained the peak of 31K units. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, non-keyboard electrical musical instruments imports rose slightly to $6.2M in 2022. The total import value increased at an average annual rate of +8.1% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 19% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the immediate term.

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

1. Spain (12.5K units)
2. Germany (5.9K units)
3. Netherlands (5.3K units)
4. China (2.4K units)
5. Belgium (0.6K units)

Exports of Non-Keyboard Electrical Musical Instruments in Portugal

Non-keyboard electrical musical instruments exports from Portugal skyrocketed to 10K units in 2022, jumping by 167% compared with 2021 figures. Over the period under review, exports posted a significant increase. The growth pace was the most rapid in 2021 when exports increased by 2,925% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, non-keyboard electrical musical instruments exports soared to $1.6M in 2022. Overall, exports recorded significant growth. The growth pace was the most rapid in 2021 when exports increased by 639%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in years to come.

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

1. France (3.1K units)
2. Germany (2.7K units)
3. Netherlands (1.5K units)
4. Sweden (1.4K units)
5. Belgium (0.5K units)
6. Austria (0.3K units)
7. United Kingdom (0.2K units)

Source: IndexBox Market Intelligence Platform