Sweden - Electrical Musical Or Keyboard Instruments - Market Analysis, Forecast, Size, Trends And Insights
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View PricingElectrical Musical Instrument Price in Sweden - 2023
Contents:
- Electrical Musical Instrument Price in Sweden (FOB) - 2022
- Electrical Musical Instrument Price in Sweden (CIF) - 2022
- Electrical Musical Instrument Exports in Sweden
- Electrical Musical Instrument Imports in Sweden
Electrical Musical Instrument Price in Sweden (FOB) - 2022
In 2022, the average electrical musical instrument export price amounted to $768 per unit, surging by 3.7% against the previous year. Over the last decade, it increased at an average annual rate of +3.0%. The most prominent rate of growth was recorded in 2013 when the average export price increased by 29% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the near future.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was France ($1,814 per unit), while the average price for exports to Norway ($287 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 (+5.3%), while the prices for the other major destinations experienced more modest paces of growth.
Electrical Musical Instrument Price in Sweden (CIF) - 2022
In 2022, the average electrical musical instrument import price amounted to $293 per unit, rising by 5.4% against the previous year. Over the period under review, the import price, however, continues to indicate a noticeable slump. The pace of growth was the most pronounced in 2020 an increase of 45% against the previous year. The import price peaked at $384 per unit in 2012; however, from 2013 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 Denmark ($662 per unit), while the price for Hong Kong SAR ($97 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+10.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Electrical Musical Instrument Exports in Sweden
In 2022, the amount of electrical musical or keyboard instruments exported from Sweden contracted to 100K units, falling by -5.4% on 2021. Overall, exports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by 19%. As a result, the exports reached the peak of 106K units, and then contracted in the following year.
In value terms, electrical musical instrument exports dropped modestly to $77M in 2022. The total export value increased at an average annual rate of +10.1% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 34%. As a result, the exports reached the peak of $78M, and then contracted modestly in the following year.
Export of Electrical Musical Instrument in Sweden (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 16.6 | 17.4 | 29.3 | 27.6 | 18.5% |
Germany | 8.2 | 9.4 | 10.5 | 10.9 | 10.0% |
Norway | 5.6 | 6.4 | 7.3 | 6.7 | 6.2% |
United Kingdom | 4.8 | 4.0 | 7.2 | 6.6 | 11.2% |
France | 3.4 | 3.2 | 3.4 | 3.7 | 2.9% |
Denmark | 2.8 | 2.2 | 2.7 | 2.2 | -7.7% |
Canada | 1.5 | 0.9 | 1.1 | 1.9 | 8.2% |
Finland | 1.8 | 1.4 | 1.4 | 1.8 | 0.0% |
Australia | 1.2 | 1.5 | 1.8 | 1.6 | 10.1% |
Japan | 1.5 | 2.0 | 1.6 | 1.6 | 2.2% |
Switzerland | 1.0 | 1.2 | 1.5 | 1.3 | 9.1% |
Netherlands | 0.8 | 0.7 | 1.2 | 1.2 | 14.5% |
Others | 8.4 | 8.1 | 9.4 | 9.9 | 5.6% |
Total | 57.6 | 58.4 | 78.5 | 77.0 | 10.2% |
Top Export Markets for Electrical Musical Instrument from Sweden in 2022:
- United States (24.7K units)
- Norway (23.2K units)
- United Kingdom (10.6K units)
- Germany (10.3K units)
- Denmark (4.9K units)
- Finland (3.7K units)
- Netherlands (3.5K units)
- Japan (2.5K units)
- Canada (2.0K units)
- France (2.0K units)
- Australia (1.8K units)
- Switzerland (1.8K units)
Electrical Musical Instrument Imports in Sweden
In 2022, the amount of electrical musical or keyboard instruments imported into Sweden dropped dramatically to 128K units, waning by -19.6% compared with the year before. Over the period under review, imports faced a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 when imports increased by 8.4% against the previous year. Imports peaked at 198K units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, electrical musical instrument imports dropped remarkably to $38M in 2022. The total import value increased at an average annual rate of +1.4% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 14% against the previous year. As a result, imports attained the peak of $44M, and then dropped markedly in the following year.
Import of Electrical Musical Instrument in Sweden (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | 8.7 | 12.0 | 15.0 | 12.0 | 11.3% |
China | 8.7 | 9.3 | 11.0 | 8.4 | -1.2% |
Indonesia | 1.7 | 1.8 | 3.4 | 3.9 | 31.9% |
Netherlands | 2.0 | 2.8 | 4.3 | 3.6 | 21.6% |
United States | 4.5 | 2.4 | 3.0 | 3.4 | -8.9% |
Vietnam | 0.6 | 0.7 | 0.6 | 0.5 | -5.9% |
United Kingdom | 4.1 | 5.0 | 0.3 | 0.3 | -58.2% |
Hong Kong SAR | 0.3 | 0.5 | 0.8 | 0.3 | 0.0% |
Malaysia | 2.6 | 0.2 | 0.2 | 0.2 | -57.5% |
Others | 2.9 | 4.3 | 5.6 | 4.9 | 19.1% |
Total | 36.0 | 38.9 | 44.3 | 37.5 | 1.4% |
Top Suppliers of Electrical Musical Instrument to Sweden in 2022:
- China (44.0K units)
- Germany (28.9K units)
- Netherlands (17.2K units)
- Indonesia (12.3K units)
- United States (5.9K units)
- Hong Kong SAR (3.3K units)
- Vietnam (3.1K units)
- Malaysia (2.6K units)
- United Kingdom (0.6K units)
This report provides an in-depth analysis of the electrical musical instrument market in Sweden. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 32201400 - Musical or keyboard instruments, the sound of which is produced, or must be amplified, electrically
Country coverage:
- Sweden
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Sweden
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the electrical musical instrument market in Sweden.
This report provides an in-depth analysis of the global electrical musical instrument market.
This report provides an in-depth analysis of the electrical musical instrument market in Sweden.
This report provides an in-depth analysis of the global electrical musical instrument market.
Discover the top import markets for electrical musical instruments in 2023. Learn about the key countries driving the global trade of musical instruments.
Discover the top import markets for electrical musical instruments in 2023. Learn about the key countries driving the global trade of musical instruments.