Musical Instrument Strings Price in the United Arab Emirates - 2021

Contents:

1. Musical Instrument Strings Price in the United Arab Emirates (CIF) - 2022
2. Musical Instrument Strings Price in the United Arab Emirates (FOB) - 2022
3. Musical Instrument Strings Imports in the United Arab Emirates
4. Musical Instrument Strings Exports in the United Arab Emirates

Musical Instrument Strings Price in the United Arab Emirates (CIF) - 2022

The average musical instrument strings import price stood at $1.4 per unit in 2022, declining by -41.1% against the previous year. In general, the import price, however, showed a slight expansion. The most prominent rate of growth was recorded in 2013 an increase of 93% against the previous year. Over the period under review, average import prices attained the maximum at $3.4 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 Germany ($5.9 per unit), while the price for China ($0.2 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+6.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Musical Instrument Strings Price in the United Arab Emirates (FOB) - 2022

In 2022, the average musical instrument strings export price amounted to $9.3 per unit, increasing by 621% against the previous year. Over the period under review, the export price saw resilient growth. The pace of growth appeared the most rapid in 2018 when the average export price increased by 845%. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($14 per unit), while the average price for exports to Tanzania (less than $0.1 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 Oman (-6.2%), while the prices for the other major destinations experienced a decline.

Musical Instrument Strings Imports in the United Arab Emirates

In 2022, overseas purchases of musical instrument stringses were finally on the rise to reach 4.2M units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports enjoyed a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, musical instrument strings imports surged to $5.9M in 2022. Overall, imports enjoyed a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Musical Instrument Strings to the United Arab Emirates in 2022:

1. Italy (3418.2K units)
2. China (387.0K units)
3. United Kingdom (240.0K units)
4. United States (121.1K units)
5. Germany (13.7K units)

Musical Instrument Strings Exports in the United Arab Emirates

In 2022, the amount of musical instrument stringses exported from the United Arab Emirates skyrocketed to 586K units, growing by 392% compared with the year before. Over the period under review, exports enjoyed a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 625%. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, musical instrument strings exports soared to $5.4M in 2022. In general, exports continue to indicate a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Musical Instrument Strings from the United Arab Emirates in 2022:

1. United Kingdom (367.4K units)
2. Iraq (65.1K units)
3. Azerbaijan (42.5K units)
4. Zambia (38.6K units)
5. Saudi Arabia (20.7K units)
6. Egypt (20.2K units)
7. Oman (0.8K units)

Source: IndexBox Market Intelligence Platform