Musical Instrument Strings Price in Belgium - 2023
Contents:
- Musical Instrument Strings Price in Belgium (CIF) - 2022
- Musical Instrument Strings Price in Belgium (FOB) - 2022
- Musical Instrument Strings Imports in Belgium
- Musical Instrument Strings Exports in Belgium
Musical Instrument Strings Price in Belgium (CIF) - 2022
The average musical instrument strings import price stood at $2 per unit in 2022, rising by 9.6% against the previous year. Over the period under review, the import price showed strong growth. The pace of growth appeared the most rapid in 2021 an increase of 46%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the near future.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($3.7 per unit), while the price for the Netherlands ($0.7 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+12.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Musical Instrument Strings Price in Belgium (FOB) - 2022
In 2022, the average musical instrument strings export price amounted to $1.1 per unit, with an increase of 29% against the previous year. Over the period under review, the export price, however, recorded a noticeable downturn. The export price peaked at $1.7 per unit in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($2.2 per unit), while the average price for exports to the Netherlands ($0.6 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 Portugal (+3.0%), while the prices for the other major destinations experienced more modest paces of growth.
Musical Instrument Strings Imports in Belgium
In 2022, purchases abroad of musical instrument stringses decreased by -69.4% to 250K units, falling for the second consecutive year after two years of growth. Over the period under review, imports continue to indicate a sharp decrease. The growth pace was the most rapid in 2020 when imports increased by 41% against the previous year. As a result, imports reached the peak of 984K units. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, musical instrument strings imports dropped remarkably to $504K in 2022. In general, imports recorded a abrupt descent. The growth pace was the most rapid in 2020 with an increase of 53% against the previous year. Imports peaked at $1.5M in 2021, and then reduced rapidly in the following year.
| Import of Musical Instrument Strings in Belgium (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 380 | 588 | 758 | 314 | -6.2% |
| China | 118 | 93.1 | 127 | 66.0 | -17.6% |
| United Kingdom | 50.1 | 114 | 233 | 54.8 | 3.0% |
| Netherlands | 69.8 | 128 | 103 | 21.0 | -33.0% |
| United States | 113 | 134 | 159 | 20.1 | -43.8% |
| Germany | 44.1 | 114 | 55.9 | 18.4 | -25.3% |
| Turkey | 3.4 | 7.9 | 11.7 | 0.7 | -41.0% |
| Others | 33.3 | 63.2 | 54.3 | 8.7 | -36.1% |
| Total | 812 | 1,242 | 1,503 | 504 | -14.7% |
Top Suppliers of Musical Instrument Strings to Belgium in 2022:
- France (84.7K units)
- China (81.6K units)
- Netherlands (31.3K units)
- United Kingdom (20.2K units)
- Germany (17.2K units)
- United States (7.5K units)
- Turkey (1.6K units)
Musical Instrument Strings Exports in Belgium
In 2022, overseas shipments of musical instrument stringses decreased by -63.6% to 112K units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports showed a abrupt setback. The pace of growth was the most pronounced in 2020 when exports increased by 55% against the previous year. Over the period under review, the exports attained the maximum at 308K units in 2021, and then contracted sharply in the following year.
In value terms, musical instrument strings exports reduced dramatically to $121K in 2022. Overall, exports recorded a abrupt downturn. The most prominent rate of growth was recorded in 2021 with an increase of 17%. As a result, the exports reached the peak of $257K, and then shrank rapidly in the following year.
| Export of Musical Instrument Strings in Belgium (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 47.3 | 55.5 | 59.4 | 20.1 | -24.8% |
| Germany | 24.0 | 39.6 | 36.5 | 16.4 | -11.9% |
| Italy | 27.3 | 16.7 | 46.0 | 16.0 | -16.3% |
| France | 26.5 | 26.0 | 26.0 | 10.1 | -27.5% |
| Portugal | 12.7 | 2.6 | 3.9 | 8.6 | -12.2% |
| Spain | 3.0 | 3.6 | 4.7 | 3.7 | 7.2% |
| Canada | N/A | N/A | 27.6 | 3.6 | -87.0% |
| United Kingdom | 28.7 | 40.2 | N/A | 3.6 | -49.9% |
| Czech Republic | 1.9 | 3.3 | 6.9 | 3.4 | 21.4% |
| Bulgaria | 2.3 | 5.7 | 8.7 | 3.2 | 11.6% |
| Poland | 1.5 | 2.5 | 2.9 | 3.0 | 26.0% |
| Latvia | 2.2 | 3.9 | 4.7 | 2.3 | 1.5% |
| Cyprus | 0.1 | 0.2 | 0.2 | 1.2 | 128.9% |
| Others | 29.1 | 21.0 | 29.6 | 25.5 | -4.3% |
| Total | 207 | 221 | 257 | 121 | -16.4% |
Top Export Markets for Musical Instrument Strings from Belgium in 2022:
- Netherlands (33.5K units)
- Germany (14.3K units)
- France (12.9K units)
- Portugal (8.1K units)
- Italy (7.3K units)
- United Kingdom (4.3K units)
- Poland (3.9K units)
- Canada (3.3K units)
- Bulgaria (3.3K units)
- Czech Republic (3.1K units)
- Spain (2.8K units)
- Latvia (2.3K units)
- Cyprus (1.9K units)
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