Musical Instrument Strings Price in Angola - 2022
Contents:
Musical Instrument Strings Price in Angola (CIF) - 2022
The average musical instrument strings import price stood at $0.7 per unit in 2022, reducing by -30.8% against the previous year. Over the period under review, the import price recorded a noticeable descent. The pace of growth was the most pronounced in 2020 an increase of 62%. As a result, import price reached the peak level of $1.1 per unit. From 2021 to 2022, the average import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Hong Kong SAR ($1.6 per unit), while the price for Nigeria ($0.1 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+23.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Musical Instrument Strings Imports in Angola
In 2022, musical instrument strings imports into Angola expanded remarkably to 31K units, surging by 14% compared with 2021 figures. In general, imports recorded significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 80%. Imports peaked in 2022 and are likely to see steady growth in years to come.
In value terms, musical instrument strings imports shrank dramatically to $23K in 2022. Overall, imports saw a significant increase. The growth pace was the most rapid in 2020 with an increase of 108% against the previous year. Over the period under review, imports attained the peak figure at $29K in 2021, and then fell significantly in the following year.
| Import of Musical Instrument Strings in Angola (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hong Kong SAR | 3.7 | 13.5 | 14.4 | 15.6 | 61.6% |
| Italy | 0.4 | 2.0 | 2.2 | 2.3 | 79.2% |
| Singapore | N/A | 0.1 | 0.6 | 1.1 | 231.7% |
| Portugal | 1.9 | N/A | 0.3 | 0.6 | -31.9% |
| China | 0.8 | 0.1 | 0.4 | 0.5 | -14.5% |
| Namibia | 0.1 | 0.4 | 0.4 | 0.4 | 58.7% |
| Nigeria | 0.2 | 0.2 | N/A | 0.3 | 14.5% |
| United Arab Emirates | 0.2 | 0.2 | 0.2 | 0.2 | 0.0% |
| Others | 0.7 | 0.2 | 10.7 | 1.9 | 39.5% |
| Total | 8.0 | 16.7 | 29.1 | 22.9 | 42.0% |
Top Suppliers of Musical Instrument Strings to Angola in 2022:
- Hong Kong SAR (9.6K units)
- Singapore (7.7K units)
- Nigeria (4.8K units)
- China (1.8K units)
- Portugal (1.7K units)
- Italy (1.5K units)
- United Arab Emirates (1.5K units)
- Namibia (1.0K units)
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