Musical Instrument Strings Price in Israel - 2023

Contents:

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

Musical Instrument Strings Price in Israel (CIF) - 2022

The average musical instrument strings import price stood at $2.5 per unit in 2022, reducing by -11.4% against the previous year. Over the last decade, it increased at an average annual rate of +3.2%. The most prominent rate of growth was recorded in 2020 an increase of 24%. The import price peaked at $2.8 per unit in 2021, and then shrank in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Mexico ($2.5 per unit) and the United States ($2.5 per unit), while the price for Italy ($2.5 per unit) and France ($2.5 per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+6.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Musical Instrument Strings Price in Israel (FOB) - 2022

The average musical instrument strings export price stood at $5.1 per unit in 2022, surging by 19% against the previous year. Over the period under review, the export price recorded measured growth. The growth pace was the most rapid in 2017 an increase of 208% against the previous year. As a result, the export price reached the peak level of $8.8 per unit. From 2018 to 2022, the average 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 UK ($13 per unit), while the average price for exports to the United States ($4.2 per unit) was amongst the lowest.

From 2015 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+64.2%), while the prices for the other major destinations experienced mixed trend patterns.

Musical Instrument Strings Imports in Israel

In 2022, musical instrument strings imports into Israel dropped to 387K units, with a decrease of -13.6% against the year before. Overall, imports saw a abrupt curtailment. The most prominent rate of growth was recorded in 2021 when imports increased by 19%. Imports peaked at 454K units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, musical instrument strings imports plummeted to $957K in 2022. The total import value increased at an average annual rate of +1.2% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 31%. As a result, imports reached the peak of $1.3M, and then reduced sharply in the following year.

Top Suppliers of Musical Instrument Strings to Israel in 2022:

1. United States (259.9K units)
2. Germany (33.2K units)
3. Austria (26.7K units)
4. Mexico (9.3K units)
5. Greece (9.3K units)
6. Italy (8.9K units)
7. France (8.1K units)
8. Denmark (7.7K units)
9. China (4.0K units)

Musical Instrument Strings Exports in Israel

After two years of growth, shipments abroad of musical instrument stringses decreased by -72.1% to 3.7K units in 2022. In general, exports faced a deep contraction. The most prominent rate of growth was recorded in 2021 when exports increased by 153%. As a result, the exports reached the peak of 13K units, and then dropped notably in the following year.

In value terms, musical instrument strings exports contracted remarkably to $19K in 2022. Over the period under review, exports continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2021 when exports increased by 111% against the previous year. As a result, the exports reached the peak of $57K, and then contracted dramatically in the following year.

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

1. United States (3.3K units)
2. United Kingdom (0.3K units)
3. Hungary (0.1K units)

Source: IndexBox Market Intelligence Platform