Musical Instrument Strings Price in Qatar - 2021

Musical Instrument Strings Price in Qatar (CIF) - 2022

In 2022, the average musical instrument strings import price amounted to $22 per unit, reducing by -5% against the previous year. Over the period under review, the import price showed a noticeable decrease. The most prominent rate of growth was recorded in 2018 when the average import price increased by 563% against the previous year. As a result, import price attained the peak level of $81 per unit. From 2019 to 2022, the average import prices remained at a somewhat lower figure.

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 Germany ($60 per unit), while the price for India ($2.7 per unit) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Austria (-2.5%), while the prices for the other major suppliers experienced a decline.

Musical Instrument Strings Imports in Qatar

In 2022, purchases abroad of musical instrument stringses decreased by -34.3% to 2.3K units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, showed significant growth. The pace of growth was the most pronounced in 2020 with an increase of 233% against the previous year. Over the period under review, imports reached the peak figure at 3.5K units in 2021, and then reduced sharply in the following year.

In value terms, musical instrument strings imports declined notably to $51K in 2022. In general, imports, however, recorded significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 84% against the previous year. Over the period under review, imports reached the peak figure at $82K in 2021, and then fell notably in the following year.

Import of Musical Instrument Strings in Qatar (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	N/A	25.7	27.6	12.8	-29.4%
Germany	N/A	9.7	17.6	10.7	5.0%
Italy	N/A	1.2	9.2	8.3	163.0%
Austria	N/A	1.2	12.4	6.0	123.6%
Turkey	N/A	1.0	2.0	5.2	128.0%
United Kingdom	N/A	0.3	0.9	2.1	164.6%
India	N/A	0.8	N/A	0.2	-50.0%
Others	24.8	5.9	12.6	6.0	-37.7%
Total	24.8	45.6	82.2	51.3	27.4%