Musical Instrument Strings Price in the Netherlands - 2023

Musical Instrument Strings Price in the Netherlands (CIF) - 2023

The average musical instrument strings import price stood at $1.7 per unit in August 2023, remaining relatively unchanged against the previous month. In general, the import price, however, continues to indicate a pronounced curtailment. The most prominent rate of growth was recorded in May 2023 when the average import price increased by 38% m-o-m. Over the period under review, average import prices reached the peak figure at $2.3 per unit in August 2022; however, from September 2022 to August 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was Poland ($5.7 per unit), while the price for Germany ($1.5 per unit) was amongst the lowest.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Poland (+8.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Musical Instrument Strings Price in the Netherlands (FOB) - 2023

The average musical instrument strings export price stood at $910 per thousand units in August 2023, reducing by -51.1% against the previous month. Overall, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in July 2023 when the average export price increased by 67% month-to-month. As a result, the export price attained the peak level of $1.9 per unit, and then reduced markedly in the following month.

There were significant differences in the average prices for the major overseas markets. In August 2023, the country with the highest price was Italy ($2.6 per unit), while the average price for exports to Hungary ($500 per thousand units) 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 Italy (+8.9%), while the prices for the other major destinations experienced more modest paces of growth.

Musical Instrument Strings Imports in the Netherlands

In 2022, supplies from abroad of musical instrument stringses decreased by -22.8% to 2.3M units, falling for the second year in a row after two years of growth. Overall, total imports indicated a temperate expansion from 2019 to 2022: its volume increased at an average annual rate of +2.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -27.5% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 47% against the previous year. As a result, imports attained the peak of 3.2M units. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, musical instrument strings imports fell significantly to $3M in 2022. In general, total imports indicated a pronounced increase from 2019 to 2022: its value increased at an average annual rate of +4.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 58%. Over the period under review, imports reached the peak figure at $4.7M in 2021, and then reduced rapidly in the following year.

Import of Musical Instrument Strings in the Netherlands (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Poland	N/A	176	N/A	709	100.7%
United Kingdom	142	151	339	613	62.8%
Germany	570	1,243	952	561	-0.5%
United States	494	326	1,064	448	-3.2%
Belgium	429	375	240	422	-0.5%
Denmark	298	492	433	63.6	-40.2%
China	54.3	73.2	78.9	43.7	-7.0%
Austria	405	588	703	0.2	-92.1%
Others	238	722	888	124	-19.5%
Total	2,630	4,146	4,698	2,984	4.3%

Top Suppliers of Musical Instrument Strings to the Netherlands in 2022:

Poland (694.5K units)
Germany (587.3K units)
Belgium (439.3K units)
United States (222.0K units)
United Kingdom (169.6K units)
Denmark (62.3K units)
China (43.5K units)
Austria (0.1K units)

Musical Instrument Strings Exports in the Netherlands

In 2022, after three years of growth, there was significant decline in overseas shipments of musical instrument stringses, when their volume decreased by -15.6% to 2.4M units. In general, total exports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +12.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 47%. The exports peaked at 2.9M units in 2021, and then fell sharply in the following year.

In value terms, musical instrument strings exports contracted to $2.1M in 2022. Overall, total exports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +18.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +68.1% against 2019 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 39% against the previous year. The exports peaked at $2.4M in 2021, and then reduced in the following year.

Export of Musical Instrument Strings in the Netherlands (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	418	412	491	688	18.1%
Belgium	344	557	385	398	5.0%
Luxembourg	2.1	4.0	0.1	219	370.7%
France	156	285	422	156	0.0%
United Kingdom	68.4	79.8	122	90.7	9.9%
Poland	5.6	5.5	47.4	56.7	116.3%
Slovakia	58.6	53.0	61.5	56.4	-1.3%
Italy	47.0	52.7	167	51.0	2.8%
Spain	20.4	26.3	37.1	46.2	31.3%
Austria	8.2	11.9	305	44.3	75.5%
United Arab Emirates	N/A	3.0	0.5	35.3	243.0%
Others	149	284	407	307	27.2%
Total	1,278	1,775	2,445	2,148	18.9%