Musical Instrument Strings Price in Paraguay - 2024

Musical Instrument Strings Price in Paraguay (CIF) - 2022

The average musical instrument strings import price stood at $0.8 per unit in 2022, surging by 3.9% against the previous year. Overall, the import price showed pronounced growth. The pace of growth appeared the most rapid in 2017 an increase of 118%. Over the period under review, average import prices reached the peak figure at $1.7 per unit in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($2.7 per unit), while the price for China ($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 Argentina (+2.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Musical Instrument Strings Imports in Paraguay

In 2022, approx. 117K units of musical instrument stringses were imported into Paraguay; with a decrease of -14.3% against the previous year. Over the period under review, imports continue to indicate a perceptible descent. The most prominent rate of growth was recorded in 2021 when imports increased by 344%. As a result, imports reached the peak of 137K units, and then fell in the following year.

In value terms, musical instrument strings imports declined to $98K in 2022. Overall, imports recorded a deep setback. The growth pace was the most rapid in 2021 when imports increased by 300%. Over the period under review, imports attained the peak figure at $129K in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Import of Musical Instrument Strings in Paraguay (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	81.4	12.3	58.8	52.9	-13.4%
China	33.4	5.4	44.0	39.2	5.5%
Argentina	7.1	9.2	7.0	5.2	-9.9%
Others	6.7	0.6	N/A	0.5	-57.9%
Total	129	27.5	110	97.8	-8.8%