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

Contents:

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

Price for Non-Keyboard Electrical Musical Instruments in Switzerland (CIF) - 2022

In 2022, the average non-keyboard electrical musical instruments import price amounted to $528 per unit, dropping by -8.1% against the previous year. Over the last decade, it increased at an average annual rate of +2.3%. The growth pace was the most rapid in 2014 an increase of 18% against the previous year. Over the period under review, average import prices reached the peak figure at $575 per unit in 2021, and then contracted in the following year.

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 ($1,474 per unit), while the price for China ($220 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+19.0%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average non-keyboard electrical musical instruments export price stood at $873 per unit in 2022, picking up by 8.1% against the previous year. In general, the export price saw a remarkable increase. The most prominent rate of growth was recorded in 2014 when the average export price increased by 30% against the previous year. Over the period under review, the average export prices reached the maximum at $882 per unit in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($1,566 per unit), while the average price for exports to Italy ($379 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 Germany (+12.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Keyboard Electrical Musical Instruments in Switzerland

In 2022, approx. 39K units of non-keyboard electrical musical instrumentses were imported into Switzerland; leveling off at the previous year's figure. The total import volume increased at an average annual rate of +4.4% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when imports increased by 15% against the previous year. As a result, imports reached the peak of 39K units. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, non-keyboard electrical musical instruments imports declined to $20M in 2022. The total import value increased at an average annual rate of +9.7% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 25%. Imports peaked at $22M in 2021, and then reduced in the following year.

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

1. China (16.9K units)
2. Indonesia (5.0K units)
3. Germany (4.2K units)
4. United States (3.4K units)
5. Japan (1.8K units)
6. Mexico (1.3K units)
7. Malaysia (1.3K units)
8. Netherlands (0.7K units)
9. United Kingdom (0.7K units)

Exports of Non-Keyboard Electrical Musical Instruments in Switzerland

In 2022, non-keyboard electrical musical instruments exports from Switzerland declined markedly to 1.8K units, dropping by -19.3% compared with the year before. In general, exports continue to indicate a perceptible shrinkage. The growth pace was the most rapid in 2021 with an increase of 26% against the previous year. As a result, the exports reached the peak of 2.3K units, and then shrank notably in the following year.

In value terms, non-keyboard electrical musical instruments exports dropped to $1.6M in 2022. The total export value increased at an average annual rate of +3.5% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2021 when exports increased by 15%. As a result, the exports reached the peak of $1.8M, and then reduced in the following year.

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

1. Germany (799.0 units)
2. United Kingdom (349.0 units)
3. United States (266.0 units)
4. Denmark (91.0 units)
5. France (48.0 units)
6. Italy (46.0 units)
7. Netherlands (43.0 units)
8. Australia (20.0 units)

Source: IndexBox Market Intelligence Platform