Musical Instrument Strings Price in Estonia - 2023

Contents:

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

Musical Instrument Strings Price in Estonia (CIF) - 2022

In 2022, the average musical instrument strings import price amounted to $2.8 per unit, surging by 14% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the average import price increased by 30% against the previous year. Over the period under review, average import prices attained the peak figure at $3.3 per unit in 2018; however, from 2019 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 Germany ($6.5 per unit), while the price for Finland ($1.8 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+34.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Musical Instrument Strings Price in Estonia (FOB) - 2022

The average musical instrument strings export price stood at $5.6 per unit in 2022, therefore, remained relatively stable against the previous year. Overall, the export price posted a strong expansion. The most prominent rate of growth was recorded in 2017 when the average export price increased by 103%. The export price peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($7.5 per unit), while the average price for exports to Ukraine ($3.1 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 Russia (+11.0%), while the prices for the other major destinations experienced a decline.

Musical Instrument Strings Imports in Estonia

In 2022, approx. 90K units of musical instrument stringses were imported into Estonia; waning by -10.2% on 2021 figures. In general, imports, however, saw a resilient expansion. The pace of growth appeared the most rapid in 2021 with an increase of 132% against the previous year. As a result, imports reached the peak of 100K units, and then declined in the following year.

In value terms, musical instrument strings imports rose slightly to $250K in 2022. Over the period under review, imports, however, recorded a remarkable increase. The pace of growth was the most pronounced in 2021 when imports increased by 115% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

Top Suppliers of Musical Instrument Strings to Estonia in 2022:

1. Netherlands (48.7K units)
2. United States (17.6K units)
3. Latvia (9.3K units)
4. Germany (8.4K units)
5. Finland (2.6K units)

Musical Instrument Strings Exports in Estonia

After two years of decline, overseas shipments of musical instrument stringses decreased by 0% to 2.6K units in 2022. In general, exports recorded a significant expansion. The smallest decline of 99.9% was in 2020. Over the period under review, the exports reached the maximum in 2022 and are likely to continue growth in the near future.

In value terms, musical instrument strings exports stood at $15K in 2022. Over the period under review, exports enjoyed significant growth. The smallest decline of 99.9% was in 2020. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the near future.

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

1. Belarus (1729.0 units)
2. Armenia (735.0 units)
3. Ukraine (130.0 units)

Source: IndexBox Market Intelligence Platform