Musical Instrument Strings Price in Finland - 2023

Contents:

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

Musical Instrument Strings Price in Finland (CIF) - 2022

The average musical instrument strings import price stood at $3.1 per unit in 2022, with a decrease of -18.8% against the previous year. In general, import price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, musical instrument strings import price increased by +46.6% against 2015 indices. The pace of growth was the most pronounced in 2021 an increase of 48%. As a result, import price reached the peak level of $3.8 per unit, and then reduced 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 ($0.8 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+13.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Musical Instrument Strings Price in Finland (FOB) - 2022

The average musical instrument strings export price stood at $9.1 per unit in 2022, growing by 2.5% against the previous year. In general, the export price, however, continues to indicate a deep setback. The pace of growth appeared the most rapid in 2018 when the average export price increased by 50%. The export price peaked at $19 per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($17 per unit), while the average price for exports to the UK (less than $0.1 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 the United States (+21.6%).

Musical Instrument Strings Imports in Finland

In 2022, approx. 631K units of musical instrument stringses were imported into Finland; jumping by 46% compared with the year before. The total import volume increased at an average annual rate of +8.3% 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.

In value terms, musical instrument strings imports soared to $1.9M in 2022. Overall, total imports indicated a buoyant expansion from 2019 to 2022: its value 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, imports increased by +55.4% against 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of 19% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in years to come.

Top Suppliers of Musical Instrument Strings to Finland in 2022:

1. United States (447.2K units)
2. Sweden (49.0K units)
3. Germany (29.4K units)
4. United Kingdom (25.6K units)
5. Mexico (16.0K units)
6. China (15.2K units)

Musical Instrument Strings Exports in Finland

Musical instrument strings exports from Finland soared to 11K units in 2022, picking up by 523% compared with 2021 figures. Over the period under review, exports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2021 when exports increased by 713% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, musical instrument strings exports surged to $101K in 2022. In general, exports showed significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 761%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

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

1. Russia (8.3K units)
2. United States (1.4K units)
3. United Kingdom (0.8K units)
4. Kyrgyzstan (0.3K units)
5. Kazakhstan (0.3K units)

Source: IndexBox Market Intelligence Platform