Musical Instrument Strings Price in Poland - 2023

Musical Instrument Strings Price in Poland (CIF) - 2022

The average musical instrument strings import price stood at $2.4 per unit in 2022, falling by -6% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average import price increased by 23%. Over the period under review, average import prices hit record highs at $2.5 per unit in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the UK ($3.8 per unit), while the price for China ($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 Mexico (+8.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Musical Instrument Strings Price in Poland (FOB) - 2023

The average musical instrument strings export price stood at $3.5 per unit in August 2023, declining by -35.2% against the previous month. Over the period under review, the export price showed a perceptible setback. The pace of growth was the most pronounced in May 2023 when the average export price increased by 33% against the previous month. The export price peaked at $5.4 per unit in July 2023, and then contracted markedly in the following month.

There were significant differences in the average prices for the major external markets. In August 2023, the country with the highest price was Austria ($7.0 per unit), while the average price for exports to Hungary ($1.2 per unit) was amongst the lowest.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+2.7%), while the prices for the other major destinations experienced more modest paces of growth.

Musical Instrument Strings Imports in Poland

In 2022, purchases abroad of musical instrument stringses decreased by -17.3% to 1.3M units, falling for the second year in a row after two years of growth. Over the period under review, imports recorded a noticeable contraction. The most prominent rate of growth was recorded in 2020 with an increase of 29% against the previous year. As a result, imports attained the peak of 1.8M units. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, musical instrument strings imports contracted markedly to $3.1M in 2022. In general, imports saw a mild downturn. The growth pace was the most rapid in 2020 with an increase of 40%. As a result, imports reached the peak of $4.6M. From 2021 to 2022, the growth of imports remained at a lower figure.

Import of Musical Instrument Strings in Poland (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	1,247	2,127	1,863	2,222	21.2%
Germany	715	643	832	436	-15.2%
France	283	202	303	177	-14.5%
China	58.1	295	67.1	85.5	13.7%
United Kingdom	603	1,056	56.2	54.5	-55.1%
Mexico	61.7	48.1	73.3	7.8	-49.8%
Others	330	230	815	134	-25.9%
Total	3,298	4,602	4,010	3,117	-1.9%

Top Suppliers of Musical Instrument Strings to Poland in 2022:

United States (881.6K units)
Germany (191.0K units)
China (110.6K units)
France (50.7K units)
United Kingdom (14.4K units)
Mexico (2.4K units)

Musical Instrument Strings Exports in Poland

In 2022, after three years of growth, there was significant decline in overseas shipments of musical instrument stringses, when their volume decreased by -25.8% to 590K units. Over the period under review, total exports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +5.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 55% against the previous year. The exports peaked at 795K units in 2021, and then dropped sharply in the following year.

In value terms, musical instrument strings exports contracted rapidly to $2.3M in 2022. In general, exports, however, posted strong growth. The most prominent rate of growth was recorded in 2020 when exports increased by 93%. The exports peaked at $3.3M in 2021, and then contracted notably in the following year.

Export of Musical Instrument Strings in Poland (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	798	1,254	1,625	982	7.2%
Czech Republic	68.8	146	191	187	39.6%
United Kingdom	259	553	226	166	-13.8%
Italy	116	440	354	165	12.5%
France	86.9	191	140	139	16.9%
Spain	149	296	178	130	-4.4%
Austria	93.0	161	179	128	11.2%
Romania	7.3	30.8	85.0	66.7	109.1%
Russia	0.1	0.5	1.2	32.2	585.4%
Estonia	0.5	0.7	4.9	32.1	300.4%
Bulgaria	6.2	12.3	18.6	24.2	57.4%
Croatia	0.5	0.9	16.5	22.8	257.3%
Lithuania	0.1	0.5	2.2	13.1	407.9%
Others	71.2	113	249	171	33.9%
Total	1,656	3,199	3,270	2,258	10.9%