Price for Musical Instruments; Wind, Brass (Eg Trumpets) in Hungary - 2023

Contents:

1. Price for Musical Instruments; Wind, Brass (Eg Trumpets) in Hungary (CIF) - 2022
2. Price for Musical Instruments; Wind, Brass (Eg Trumpets) in Hungary (FOB) - 2022
3. Imports of Musical Instruments; Wind, Brass (Eg Trumpets) in Hungary
4. Exports of Musical Instruments; Wind, Brass (Eg Trumpets) in Hungary

Price for Musical Instruments; Wind, Brass (Eg Trumpets) in Hungary (CIF) - 2022

In 2022, the average import price for musical instruments; wind, brass (eg trumpets) amounted to $323 per unit, increasing by 8.1% against the previous year. In general, the import price, however, saw a mild contraction. The most prominent rate of growth was recorded in 2016 an increase of 79%. As a result, import price attained the peak level of $601 per unit. From 2017 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 the UK ($1,245 per unit), while the price for Slovakia ($4.8 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovakia (+36.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Musical Instruments; Wind, Brass (Eg Trumpets) in Hungary (FOB) - 2022

In 2022, the average export price for musical instruments; wind, brass (eg trumpets) amounted to $125 per unit, shrinking by -86.9% against the previous year. Over the period under review, the export price continues to indicate a abrupt decrease. The pace of growth appeared the most rapid in 2021 when the average export price increased by 1,889%. Over the period under review, the average export prices attained the maximum at $2,295 per unit in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was North Macedonia ($155 per unit), while the average price for exports to Slovakia ($4 per unit) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+27.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Musical Instruments; Wind, Brass (Eg Trumpets) in Hungary

For the third consecutive year, Hungary recorded decline in supplies from abroad of musical instruments; wind, brass (eg trumpets), which decreased by -36.3% to 1.2K units in 2022. Overall, imports faced a dramatic decrease. The smallest decline of -24.1% was in 2021. Imports peaked at 5.6K units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, imports of musical instruments; wind, brass (eg trumpets) contracted notably to $374K in 2022. In general, imports faced a sharp shrinkage. The smallest decline of -13.1% was in 2021. Over the period under review, imports of reached the peak figure at $1.1M in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Top Suppliers of Musical Instruments; Wind, Brass (Eg Trumpets) to Hungary in 2022:

1. China (445.0 units)
2. Germany (253.0 units)
3. Taiwan (Chinese) (251.0 units)
4. United States (48.0 units)
5. Austria (48.0 units)
6. Slovakia (46.0 units)
7. United Kingdom (17.0 units)
8. France (9.0 units)

Exports of Musical Instruments; Wind, Brass (Eg Trumpets) in Hungary

In 2022, the amount of musical instruments; wind, brass (eg trumpets) exported from Hungary skyrocketed to 46 units, growing by 156% on 2021 figures. In general, exports, however, saw a dramatic contraction. Over the period under review, the exports of attained the maximum at 173 units in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, exports of musical instruments; wind, brass (eg trumpets) dropped dramatically to $5.8K in 2022. Over the period under review, exports, however, faced a precipitous descent. The growth pace was the most rapid in 2021 with an increase of 107%. The exports peaked at $31K in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Top Export Markets for Musical Instruments; Wind, Brass (Eg Trumpets) from Hungary in 2022:

1. United States (24.0 units)
2. Serbia (11.0 units)
3. North Macedonia (6.0 units)
4. Germany (4.0 units)
5. Slovakia (1.0 units)

Source: IndexBox Market Intelligence Platform