Musical Instrument Strings Price in Jordan - 2022

Musical Instrument Strings Price in Jordan (CIF) - 2022

The average musical instrument strings import price stood at $2.7 per unit in 2022, growing by 7.5% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when the average import price increased by 42% against the previous year. As a result, import price reached the peak level of $3.1 per unit. From 2016 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($7.6 per unit), while the price for Pakistan ($0.4 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 (+19.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Musical Instrument Strings Price in Jordan (FOB) - 2022

The average musical instrument strings export price stood at $0.3 per unit in 2021, jumping by 127% against the previous year. Overall, the export price, however, showed a abrupt shrinkage. Over the period under review, the average export prices reached the maximum at $0.8 per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Saudi Arabia ($2.4 per unit), while the average price for exports to the United Arab Emirates stood at $0.2 per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (-8.5%).

Musical Instrument Strings Imports in Jordan

In 2022, approx. 3.4K units of musical instrument stringses were imported into Jordan; with a decrease of -29.8% compared with the year before. In general, imports, however, showed a measured expansion. The most prominent rate of growth was recorded in 2021 with an increase of 110% against the previous year. As a result, imports attained the peak of 4.9K units, and then fell markedly in the following year.

In value terms, musical instrument strings imports fell notably to $9.4K in 2022. Over the period under review, total imports indicated a pronounced increase from 2019 to 2022: its value increased at an average annual rate of +2.3% 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 +51.6% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 101%. As a result, imports attained the peak of $12K, and then reduced remarkably in the following year.

Import of Musical Instrument Strings in Jordan (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Italy	2.7	1.9	4.4	3.8	12.1%
Austria	1.8	1.3	2.7	2.2	6.9%
United States	1.6	0.6	2.6	1.7	2.0%
Germany	1.4	0.8	1.3	0.9	-13.7%
Pakistan	0.2	0.2	0.6	0.5	35.7%
China	N/A	0.2	0.6	0.2	0.0%
United Arab Emirates	1.0	N/A	0.1	0.1	-53.6%
Ethiopia	N/A	N/A	0.2	N/A	0%
Others	0.1	1.1	0.1	N/A	0.0%
Total	8.8	6.2	12.5	9.4	2.2%

Top Suppliers of Musical Instrument Strings to Jordan in 2022:

Pakistan (1080.0 units)
Austria (732.0 units)
Italy (503.0 units)
United States (452.0 units)
China (373.0 units)
Germany (234.0 units)
United Arab Emirates (53.0 units)

Musical Instrument Strings Exports in Jordan

In 2021, the amount of musical instrument stringses exported from Jordan soared to 1.6K units, surging by 182% on 2020 figures. Overall, exports continue to indicate significant growth. 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 skyrocketed to $460 in 2021. In general, exports showed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.