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

Contents:

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

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

The average non-keyboard electrical musical instruments import price stood at $210 per unit in 2022, approximately equating the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 21%. The import price peaked at $323 per unit in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($570 per unit), while the price for China ($75 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+16.5%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average non-keyboard electrical musical instruments export price stood at $292 per unit in 2022, with a decrease of -2.1% against the previous year. Over the last decade, it increased at an average annual rate of +4.4%. The growth pace was the most rapid in 2014 an increase of 21%. The export price peaked at $298 per unit in 2021, and then contracted modestly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($684 per unit), while the average price for exports to Cameroon ($62 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 France (+19.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Keyboard Electrical Musical Instruments in Spain

For the fourth consecutive year, Spain recorded growth in overseas purchases of non-keyboard electrical musical instrumentses, which increased by 21% to 157K units in 2022. Over the period under review, imports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 32% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to see gradual growth in the immediate term.

In value terms, non-keyboard electrical musical instruments imports skyrocketed to $33M in 2022. Overall, total imports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +21.3% 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 +78.4% against 2019 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 31% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

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

1. China (43.8K units)
2. Netherlands (37.8K units)
3. Germany (25.5K units)
4. Indonesia (22.3K units)
5. United States (8.3K units)
6. France (6.7K units)
7. Italy (4.2K units)
8. United Kingdom (0.4K units)

Exports of Non-Keyboard Electrical Musical Instruments in Spain

For the fourth consecutive year, Spain recorded growth in shipments abroad of non-keyboard electrical musical instrumentses, which increased by 2.8% to 27K units in 2022. Overall, total exports indicated significant growth from 2019 to 2022: its volume increased at an average annual rate of +25.2% 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 +96.1% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 56%. The exports peaked in 2022 and are likely to continue growth in the near future.

In value terms, non-keyboard electrical musical instruments exports reached $7.9M in 2022. In general, exports saw significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 66% 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.

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

1. Italy (11.2K units)
2. United States (3.5K units)
3. Portugal (3.2K units)
4. Indonesia (2.9K units)
5. France (1.5K units)
6. Cameroon (0.7K units)
7. United Kingdom (0.6K units)
8. Canada (0.5K units)
9. China (0.5K units)
10. Germany (0.2K units)

Source: IndexBox Market Intelligence Platform