Price for Sound Recording or Reproducing Apparatus; Turntables (Record-Decks) in Denmark - 2023

Contents:

1. Price for Sound Recording or Reproducing Apparatus; Turntables (Record-Decks) in Denmark (CIF) - 2023
2. Price for Sound Recording or Reproducing Apparatus; Turntables (Record-Decks) in Denmark (FOB) - 2023
3. Imports of Sound Recording or Reproducing Apparatus; Turntables (Record-Decks) in Denmark
4. Exports of Sound Recording or Reproducing Apparatus; Turntables (Record-Decks) in Denmark

Price for Sound Recording or Reproducing Apparatus; Turntables (Record-Decks) in Denmark (CIF) - 2023

The average import price for sound recording or reproducing apparatus; turntables (record-decks)s stood at $70.7 per unit in December 2023, waning by -34.1% against the previous month. Overall, the import price continues to indicate a noticeable curtailment. The growth pace was the most rapid in July 2023 an increase of 106% m-o-m. As a result, import price attained the peak level of $175 per unit. From August 2023 to December 2023, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was Sweden ($187 per unit), while the price for Belgium ($45.5 per unit) was amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Belgium (+1.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Sound Recording or Reproducing Apparatus; Turntables (Record-Decks) in Denmark (FOB) - 2023

In December 2023, the average export price for sound recording or reproducing apparatus; turntables (record-decks)s amounted to $159 per unit, falling by -11.2% against the previous month. Over the period under review, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in September 2023 an increase of 39% m-o-m. As a result, the export price reached the peak level of $277 per unit. From October 2023 to December 2023, the the average export prices remained at a somewhat lower figure.

Average prices varied somewhat for the major overseas markets. In December 2023, the countries with the highest prices were Sweden ($177 per unit) and the Netherlands ($172 per unit), while the average price for exports to Norway ($126 per unit) and Germany ($168 per unit) were amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (+0.1%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Sound Recording or Reproducing Apparatus; Turntables (Record-Decks) in Denmark

In 2022, imports of sound recording or reproducing apparatus; turntables (record-decks)s into Denmark skyrocketed to 48K units, increasing by 63% on the previous year's figure. In general, imports showed a notable expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of sound recording or reproducing apparatus; turntables (record-decks)s soared to $4.5M in 2022. Over the period under review, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +14.8% 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 +101.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 59%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in years to come.

Top Suppliers of Sound Recording or Reproducing Apparatus; Turntables (Record-Decks) to Denmark in 2022:

1. China (29.6K units)
2. Germany (5.3K units)
3. Netherlands (4.7K units)
4. Sweden (2.9K units)
5. Austria (1.7K units)
6. South Korea (1.2K units)
7. Italy (0.7K units)
8. United Kingdom (0.5K units)

Exports of Sound Recording or Reproducing Apparatus; Turntables (Record-Decks) in Denmark

In 2022, approx. 15K units of sound recording or reproducing apparatus; turntables (record-decks)s were exported from Denmark; picking up by 37% compared with the previous year. In general, exports, however, recorded a significant decrease. The exports peaked at 53K units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, exports of sound recording or reproducing apparatus; turntables (record-decks)s soared to $3M in 2022. Overall, total exports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +9.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +95.5% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 58%. Over the period under review, the exports of hit record highs in 2022 and are likely to continue growth in the immediate term.

Top Export Markets for Sound Recording or Reproducing Apparatus; Turntables (Record-Decks) from Denmark in 2022:

1. Norway (4.4K units)
2. Sweden (4.2K units)
3. Netherlands (3.6K units)
4. Germany (2.1K units)
5. Thailand (0.4K units)

Source: IndexBox Market Intelligence Platform