Musical Instrument Strings Price in Norway - 2023
Contents:
- Musical Instrument Strings Price in Norway (CIF) - 2023
- Musical Instrument Strings Price in Norway (FOB) - 2022
- Musical Instrument Strings Imports in Norway
- Musical Instrument Strings Exports in Norway
Musical Instrument Strings Price in Norway (CIF) - 2023
In September 2023, the average musical instrument strings import price amounted to $1.7 per unit, dropping by -8.4% against the previous month. In general, the import price showed a slight reduction. The most prominent rate of growth was recorded in August 2023 an increase of 270% month-to-month. Over the period under review, average import prices hit record highs at $2.6 per unit in December 2022; however, from January 2023 to September 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Austria ($4.4 per unit), while the price for the United States ($1.4 per unit) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Austria (+10.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Musical Instrument Strings Price in Norway (FOB) - 2022
The average musical instrument strings export price stood at $17 per unit in 2022, surging by 380% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. Over the period under review, the average export prices reached the peak figure at $25 per unit in 2018; however, from 2019 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 Australia ($75 per unit), while the average price for exports to Sweden ($1.7 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 Japan (+577.9%), while the prices for the other major destinations experienced more modest paces of growth.
Musical Instrument Strings Imports in Norway
Musical instrument strings imports into Norway declined modestly to 517K units in 2022, falling by -2.7% compared with 2021 figures. Over the period under review, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 21%. As a result, imports reached the peak of 531K units, and then reduced slightly in the following year.
In value terms, musical instrument strings imports shrank to $1.1M in 2022. The total import value increased at an average annual rate of +2.5% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 21%. As a result, imports reached the peak of $1.3M, and then fell in the following year.
| Import of Musical Instrument Strings in Norway (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 583 | 635 | 743 | 597 | 0.8% |
| Germany | 258 | 313 | 382 | 360 | 11.7% |
| Austria | 45.9 | 37.1 | 57.5 | 57.3 | 7.7% |
| Mexico | 5.8 | N/A | 4.8 | 22.8 | 57.8% |
| China | 100 | 21.5 | 26.5 | 18.8 | -42.7% |
| Netherlands | 7.0 | 2.0 | 4.7 | 14.0 | 26.0% |
| United Kingdom | 16.8 | 21.9 | 35.1 | 12.9 | -8.4% |
| Others | 43.0 | 36.6 | 42.7 | 57.5 | 10.2% |
| Total | 1,060 | 1,068 | 1,297 | 1,140 | 2.5% |
Top Suppliers of Musical Instrument Strings to Norway in 2022:
- United States (232.1K units)
- Germany (215.9K units)
- China (13.5K units)
- Netherlands (10.1K units)
- Mexico (8.7K units)
- Austria (8.0K units)
- United Kingdom (3.1K units)
Musical Instrument Strings Exports in Norway
In 2022, the amount of musical instrument stringses exported from Norway soared to 918 units, surging by 181% on the previous year. Over the period under review, exports, however, recorded a perceptible downturn. The exports peaked at 2.8K units in 2020; however, from 2021 to 2022, the exports failed to regain momentum.
In value terms, musical instrument strings exports skyrocketed to $15K in 2022. Overall, exports saw a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Musical Instrument Strings in Norway (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1.9 | 6.0 | N/A | 8.5 | 64.8% |
| Australia | N/A | N/A | N/A | 3.3 | 0% |
| Austria | N/A | N/A | N/A | 2.1 | 0% |
| Japan | N/A | N/A | 1.1 | 1.0 | -9.1% |
| Sweden | 1.9 | N/A | N/A | 0.5 | -35.9% |
| Saudi Arabia | N/A | 8.7 | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 3.8 | 14.8 | 1.1 | 15.5 | 59.8% |
Top Export Markets for Musical Instrument Strings from Norway in 2022:
- Austria (393.0 units)
- Sweden (306.0 units)
- United States (131.0 units)
- Japan (44.0 units)
- Australia (44.0 units)
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