Price for Non-Keyboard Electrical Musical Instruments in Serbia - 2024
Contents:
- Price for Non-Keyboard Electrical Musical Instruments in Serbia (CIF) - 2022
- Price for Non-Keyboard Electrical Musical Instruments in Serbia (FOB) - 2022
- Imports of Non-Keyboard Electrical Musical Instruments in Serbia
- Exports of Non-Keyboard Electrical Musical Instruments in Serbia
Price for Non-Keyboard Electrical Musical Instruments in Serbia (CIF) - 2022
The average non-keyboard electrical musical instruments import price stood at $213 per unit in 2022, dropping by -5.3% against the previous year. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 24% against the previous year. As a result, import price reached the peak level of $303 per unit. From 2015 to 2022, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($897 per unit), while the price for China ($142 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+15.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Non-Keyboard Electrical Musical Instruments in Serbia (FOB) - 2022
In 2022, the average non-keyboard electrical musical instruments export price amounted to $256 per unit, shrinking by -33.7% against the previous year. Overall, the export price showed a noticeable descent. The growth pace was the most rapid in 2021 when the average export price increased by 42%. As a result, the export price reached the peak level of $386 per unit, and then dropped significantly in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Montenegro ($405 per unit), while the average price for exports to Spain ($6.5 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 Montenegro (+1.2%), while the prices for the other major destinations experienced a decline.
Imports of Non-Keyboard Electrical Musical Instruments in Serbia
In 2022, the amount of non-keyboard electrical musical instrumentses imported into Serbia surged to 3.4K units, growing by 35% against 2021. Overall, total imports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +21.6% 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 +79.8% against 2019 indices. The growth pace was the most rapid in 2020 when imports increased by 43%. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in years to come.
In value terms, non-keyboard electrical musical instruments imports skyrocketed to $731K in 2022. In general, total imports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +27.5% 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 +107.2% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 46%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the immediate term.
| Import of Non-Keyboard Electrical Musical Instruments in Serbia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 147 | 241 | 269 | 273 | 22.9% |
| Indonesia | 92.2 | 143 | 101 | 221 | 33.8% |
| United States | 19.2 | 23.7 | 45.1 | 60.1 | 46.3% |
| Mexico | 8.7 | 17.4 | 15.1 | 58.4 | 88.6% |
| Japan | 7.5 | 10.3 | 33.9 | 32.0 | 62.2% |
| Malaysia | 20.8 | 12.7 | 24.1 | 20.5 | -0.5% |
| Italy | 3.5 | 10.5 | 18.6 | 13.8 | 58.0% |
| Others | 53.9 | 54.4 | 62.3 | 51.8 | -1.3% |
| Total | 353 | 514 | 570 | 731 | 27.5% |
Top Suppliers of Non-Keyboard Electrical Musical Instruments to Serbia in 2022:
- China (1922.0 units)
- Indonesia (955.0 units)
- Japan (119.0 units)
- Mexico (113.0 units)
- Malaysia (97.0 units)
- United States (67.0 units)
- Italy (59.0 units)
Exports of Non-Keyboard Electrical Musical Instruments in Serbia
In 2022, the amount of non-keyboard electrical musical instrumentses exported from Serbia soared to 174 units, rising by 17% on the previous year. Overall, exports, however, saw a drastic downturn. The exports peaked at 228 units in 2020; however, from 2021 to 2022, the exports failed to regain momentum.
In value terms, non-keyboard electrical musical instruments exports dropped remarkably to $45K in 2022. Over the period under review, exports, however, saw a slight setback. The pace of growth was the most pronounced in 2020 with an increase of 32%. As a result, the exports attained the peak of $62K. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Non-Keyboard Electrical Musical Instruments in Serbia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Montenegro | 4.3 | 5.9 | 19.6 | 14.6 | 50.3% |
| Germany | N/A | N/A | N/A | 7.5 | 0% |
| United States | N/A | 11.3 | 9.5 | 7.0 | -21.3% |
| North Macedonia | 5.4 | 2.2 | 3.9 | 5.4 | 0.0% |
| Bosnia and Herzegovina | 34.0 | 7.6 | 7.9 | 5.0 | -47.2% |
| Croatia | 1.0 | 7.4 | 3.7 | 1.8 | 21.6% |
| Slovenia | N/A | 24.1 | 0.9 | 0.8 | -81.8% |
| Spain | N/A | N/A | N/A | 0.1 | 0% |
| Others | 2.3 | 3.6 | 12.0 | 2.4 | 1.4% |
| Total | 47.0 | 62.0 | 57.5 | 44.6 | -1.7% |
Top Export Markets for Non-Keyboard Electrical Musical Instruments from Serbia in 2022:
- Montenegro (36.0 units)
- Germany (36.0 units)
- United States (26.0 units)
- North Macedonia (20.0 units)
- Bosnia and Herzegovina (19.0 units)
- Spain (16.0 units)
- Croatia (9.0 units)
- Slovenia (3.0 units)
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This report provides an in-depth analysis of the electrical musical instrument market in Serbia.
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This report provides an in-depth analysis of the global electrical musical instrument market.
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This report provides an in-depth analysis of the electrical musical instrument market in Serbia.
481
This report provides an in-depth analysis of the global electrical musical instrument market.
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Discover the top import markets for electrical musical instruments in 2023. Learn about the key countries driving the global trade of musical instruments.
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Discover the top import markets for electrical musical instruments in 2023. Learn about the key countries driving the global trade of musical instruments.
