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

Contents:

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

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

In August 2023, the average non-keyboard electrical musical instruments import price amounted to $524 per unit, growing by 31% against the previous month. In general, import price indicated pronounced growth from August 2022 to August 2023: its price increased at an average monthly rate of +3.3% over the last twelve months. 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 +81.0% against June 2023 indices. The pace of growth appeared the most rapid in May 2023 an increase of 58% against the previous month. Over the period under review, average import prices attained the peak figure at $623 per unit in March 2023; however, from April 2023 to August 2023, import prices stood 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 South Korea ($686 per unit), while the price for China ($173 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 China (+3.2%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In August 2023, the average non-keyboard electrical musical instruments export price amounted to $844 per unit, rising by 50% against the previous month. In general, the export price showed notable growth. The most prominent rate of growth was recorded in March 2023 an increase of 51% m-o-m. The export price peaked at $1,152 per unit in April 2023; however, from May 2023 to August 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In August 2023, the country with the highest price was France ($5,168 per unit), while the average price for exports to the Czech Republic ($572 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 Bulgaria (+18.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Keyboard Electrical Musical Instruments in Slovakia

After three years of growth, purchases abroad of non-keyboard electrical musical instrumentses decreased by -22.2% to 28K units in 2022. Overall, imports, however, saw significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 81% against the previous year. Imports peaked at 36K units in 2021, and then declined dramatically in the following year.

In value terms, non-keyboard electrical musical instruments imports shrank dramatically to $5.7M 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 +14.9% 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 +51.6% against 2019 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 44%. Imports peaked at $6.7M in 2021, and then shrank remarkably in the following year.

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

1. United Kingdom (undefinedK units)
2. Netherlands (7.3K units)
3. Czech Republic (6.8K units)
4. Germany (4.3K units)
5. China (3.4K units)
6. Indonesia (2.4K units)
7. Austria (1.2K units)
8. Belgium (0.8K units)

Exports of Non-Keyboard Electrical Musical Instruments in Slovakia

After three years of growth, shipments abroad of non-keyboard electrical musical instrumentses decreased by -81.4% to 5.1K units in 2022. Over the period under review, exports continue to indicate a precipitous setback. The pace of growth was the most pronounced in 2020 with an increase of 118%. Over the period under review, the exports hit record highs at 27K units in 2021, and then declined dramatically in the following year.

In value terms, non-keyboard electrical musical instruments exports fell significantly to $1.5M in 2022. Overall, exports recorded a significant decline. The growth pace was the most rapid in 2020 with an increase of 51%. The exports peaked at $6M in 2021, and then dropped remarkably in the following year.

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

1. Czech Republic (3147.0 units)
2. Hungary (608.0 units)
3. Poland (314.0 units)
4. Germany (175.0 units)
5. Croatia (120.0 units)
6. Bulgaria (106.0 units)
7. France (103.0 units)
8. Romania (95.0 units)
9. Slovenia (57.0 units)
10. United Kingdom (43.0 units)

Source: IndexBox Market Intelligence Platform