Musical Instrument Strings Price in Denmark - 2023
Contents:
- Musical Instrument Strings Price in Denmark (FOB) - 2023
- Musical Instrument Strings Price in Denmark (CIF) - 2022
- Musical Instrument Strings Exports in Denmark
- Musical Instrument Strings Imports in Denmark
Musical Instrument Strings Price in Denmark (FOB) - 2023
In August 2023, the average musical instrument strings export price amounted to $12.5 per unit, picking up by 15% against the previous month. Over the period under review, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in June 2023 an increase of 56% against the previous month. As a result, the export price reached the peak level of $16.7 per unit. From July 2023 to August 2023, the the average export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Taiwan (Chinese) ($30.4 per unit), while the average price for exports to Germany ($7.8 per unit) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+6.2%), while the prices for the other major destinations experienced more modest paces of growth.
Musical Instrument Strings Price in Denmark (CIF) - 2022
The average musical instrument strings import price stood at $2.5 per unit in 2022, shrinking by -29.6% against the previous year. Over the period under review, the import price, however, enjoyed a tangible expansion. The most prominent rate of growth was recorded in 2020 an increase of 107% against the previous year. The import price peaked at $3.6 per unit in 2021, and then fell notably in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($13 per unit), while the price for Sweden ($0.9 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+5.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Musical Instrument Strings Exports in Denmark
In 2022, musical instrument strings exports from Denmark soared to 852K units, increasing by 51% compared with the previous year. Overall, total exports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +15.8% 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 +55.3% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, musical instrument strings exports amounted to $9.2M in 2022. The total export value increased at an average annual rate of +5.9% over the period from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The growth pace was the most rapid in 2021 with an increase of 14% against the previous year. The exports peaked in 2022 and are likely to continue growth in the near future.
| Export of Musical Instrument Strings in Denmark (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 1,485 | 2,033 | 3,582 | 3,288 | 30.3% |
| United States | 1,296 | 1,002 | 1,199 | 1,293 | -0.1% |
| South Korea | 677 | 728 | 877 | 821 | 6.6% |
| China | 391 | 474 | 418 | 508 | 9.1% |
| Japan | 718 | 471 | 517 | 439 | -15.1% |
| Australia | 165 | 226 | 252 | 369 | 30.8% |
| United Kingdom | 634 | 710 | 281 | 276 | -24.2% |
| Spain | 276 | 257 | 131 | 200 | -10.2% |
| Sweden | 304 | 314 | 154 | 182 | -15.7% |
| Croatia | 13.2 | 11.4 | 7.7 | 176 | 137.1% |
| Belgium | 117 | 142 | 145 | 14.5 | -50.1% |
| Czech Republic | 60.4 | 60.6 | 55.5 | 8.4 | -48.2% |
| Others | 1,568 | 1,319 | 1,245 | 1,580 | 0.3% |
| Total | 7,705 | 7,746 | 8,865 | 9,154 | 5.9% |
Top Export Markets for Musical Instrument Strings from Denmark in 2022:
- Germany (446.1K units)
- Croatia (109.9K units)
- United States (53.9K units)
- South Korea (36.4K units)
- China (30.3K units)
- Spain (24.2K units)
- Sweden (22.2K units)
- United Kingdom (17.4K units)
- Australia (17.0K units)
- Japan (13.6K units)
- Czech Republic (2.4K units)
- Belgium (1.8K units)
Musical Instrument Strings Imports in Denmark
In 2022, supplies from abroad of musical instrument stringses was finally on the rise to reach 651K units after two years of decline. Over the period under review, imports, however, faced a abrupt shrinkage. Imports peaked at 899K units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, musical instrument strings imports soared to $1.6M in 2022. The total import value increased at an average annual rate of +4.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Musical Instrument Strings in Denmark (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 443 | 660 | 713 | 831 | 23.3% |
| Sweden | 404 | 216 | 162 | 350 | -4.7% |
| United States | 172 | 206 | 161 | 279 | 17.5% |
| United Kingdom | 2.7 | 4.8 | 87.1 | 48.1 | 161.2% |
| South Korea | N/A | N/A | 25.1 | 38.6 | 53.8% |
| France | 189 | 0.2 | 1.0 | 37.3 | -41.8% |
| Mexico | 122 | 71.5 | 110 | 17.2 | -48.0% |
| China | 34.0 | 6.5 | 5.2 | 3.3 | -54.0% |
| Others | 50.4 | 12.4 | 14.4 | 23.6 | -22.3% |
| Total | 1,418 | 1,177 | 1,279 | 1,627 | 4.7% |
Top Suppliers of Musical Instrument Strings to Denmark in 2022:
- Sweden (398.3K units)
- United States (103.0K units)
- Germany (62.1K units)
- South Korea (28.6K units)
- United Kingdom (17.7K units)
- France (14.0K units)
- Mexico (8.0K units)
- China (3.0K units)
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