Musical Instrument Strings Price in Algeria - 2022

Musical Instrument Strings Price in Algeria (CIF) - 2022

The average musical instrument strings import price stood at $0.4 per unit in 2022, growing by 8.2% against the previous year. Overall, the import price, however, saw a abrupt downturn. The pace of growth was the most pronounced in 2018 an increase of 458%. The import price peaked at $1 per unit in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($2.6 per unit), while the price for China ($0.2 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+9.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Musical Instrument Strings Imports in Algeria

In 2022, musical instrument strings imports into Algeria dropped markedly to 30K units, with a decrease of -85.4% compared with the year before. In general, imports showed a abrupt downturn. The pace of growth appeared the most rapid in 2021 when imports increased by 502% against the previous year. As a result, imports attained the peak of 205K units, and then dropped dramatically in the following year.

In value terms, musical instrument strings imports declined sharply to $13K in 2022. Over the period under review, imports recorded a abrupt downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 230% against the previous year. As a result, imports reached the peak of $84K, and then shrank significantly in the following year.

Import of Musical Instrument Strings in Algeria (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	3.3	2.3	42.5	6.7	26.6%
Italy	8.7	9.6	20.9	3.3	-27.6%
France	7.8	7.7	11.7	1.9	-37.5%
United States	3.7	3.7	5.4	0.9	-37.6%
Others	2.1	2.2	3.4	0.6	-34.1%
Total	25.6	25.5	84.0	13.3	-19.6%