Musical Instrument Strings Price in Egypt - 2023

Contents:

1. Musical Instrument Strings Price in Egypt (CIF) - 2022
2. Musical Instrument Strings Price in Egypt (FOB) - 2022
3. Musical Instrument Strings Imports in Egypt
4. Musical Instrument Strings Exports in Egypt

Musical Instrument Strings Price in Egypt (CIF) - 2022

In 2022, the average musical instrument strings import price amounted to $2.5 per unit, picking up by 391% against the previous year. Over the period under review, the import price continues to indicate a moderate expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($2.5 per unit), while the price for the United States totaled $2.5 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+18.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Musical Instrument Strings Price in Egypt (FOB) - 2022

The average musical instrument strings export price stood at $1.3 per unit in 2022, surging by 7.4% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average export price increased by 32% against the previous year. Over the period under review, the average export prices hit record highs at $1.4 per unit in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belgium ($3.3 per unit), while the average price for exports to the United Arab Emirates amounted to $0.8 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (-4.4%).

Musical Instrument Strings Imports in Egypt

In 2022, overseas purchases of musical instrument stringses decreased by -87.9% to 3.9K units, falling for the second consecutive year after two years of growth. Overall, imports continue to indicate a sharp setback. The most prominent rate of growth was recorded in 2020 when imports increased by 216%. As a result, imports attained the peak of 50K units. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, musical instrument strings imports reduced dramatically to $9.5K in 2022. Over the period under review, imports, however, saw a measured increase. The most prominent rate of growth was recorded in 2020 with an increase of 534%. As a result, imports attained the peak of $54K. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Top Suppliers of Musical Instrument Strings to Egypt in 2022:

1. United States (2.8K units)
2. China (1.1K units)

Musical Instrument Strings Exports in Egypt

In 2022, approx. 1K units of musical instrument stringses were exported from Egypt; growing by 7.7% on the year before. Over the period under review, exports, however, recorded a relatively flat trend pattern. The exports peaked at 1.1K units in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, musical instrument strings exports skyrocketed to $1.3K in 2022. The total export value increased at an average annual rate of +7.4% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 with an increase of 40% against the previous year. As a result, the exports reached the peak of $1.5K. From 2021 to 2022, the growth of the exports remained at a lower figure.

Top Export Markets for Musical Instrument Strings from Egypt in 2022:

1. United Arab Emirates (837.0 units)
2. Belgium (105.0 units)
3. Netherlands (5.0 units)

Source: IndexBox Market Intelligence Platform