Price for Non-Keyboard Electrical Musical Instruments in Estonia - 2023

Contents:

1. Price for Non-Keyboard Electrical Musical Instruments in Estonia (CIF) - 2022
2. Price for Non-Keyboard Electrical Musical Instruments in Estonia (FOB) - 2022
3. Imports of Non-Keyboard Electrical Musical Instruments in Estonia
4. Exports of Non-Keyboard Electrical Musical Instruments in Estonia

Price for Non-Keyboard Electrical Musical Instruments in Estonia (CIF) - 2022

In 2022, the average non-keyboard electrical musical instruments import price amounted to $510 per unit, approximately mirroring the previous year. In general, import price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of +7.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, non-keyboard electrical musical instruments import price increased by +53.0% against 2013 indices. The most prominent rate of growth was recorded in 2013 when the average import price increased by 40% against the previous year. The import price peaked in 2022 and is expected to retain growth in the immediate term.

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 United States ($1,445 per unit), while the price for Belgium ($304 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+16.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Non-Keyboard Electrical Musical Instruments in Estonia (FOB) - 2022

The average non-keyboard electrical musical instruments export price stood at $611 per unit in 2022, waning by -10.5% against the previous year. Over the period under review, the export price, however, showed a buoyant increase. The growth pace was the most rapid in 2013 an increase of 144%. Over the period under review, the average export prices attained the maximum at $682 per unit in 2021, and then fell in the following year.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Israel ($1,318 per unit), while the average price for exports to Latvia ($138 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 Sweden (+289.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Keyboard Electrical Musical Instruments in Estonia

In 2022, the amount of non-keyboard electrical musical instrumentses imported into Estonia dropped to 1.6K units, therefore, remained relatively stable against the year before. Over the period under review, imports saw a perceptible decline. The pace of growth was the most pronounced in 2021 with an increase of 7%. Over the period under review, imports hit record highs at 1.7K units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, non-keyboard electrical musical instruments imports totaled $795K in 2022. The total import value increased at an average annual rate of +10.9% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 34% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.

Top Suppliers of Non-Keyboard Electrical Musical Instruments to Estonia in 2022:

1. Germany (676.0 units)
2. Sweden (361.0 units)
3. Latvia (283.0 units)
4. Belgium (38.0 units)
5. Poland (34.0 units)
6. Russia (29.0 units)
7. Finland (28.0 units)
8. China (4.0 units)
9. Indonesia (2.0 units)

Exports of Non-Keyboard Electrical Musical Instruments in Estonia

In 2022, overseas shipments of non-keyboard electrical musical instrumentses decreased by -24.5% to 37 units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, total exports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +8.5% 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 +27.6% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 40%. As a result, the exports attained the peak of 49 units, and then plummeted in the following year.

In value terms, non-keyboard electrical musical instruments exports declined remarkably to $23K in 2022. Overall, exports, however, saw strong growth. The most prominent rate of growth was recorded in 2021 when exports increased by 121%. As a result, the exports attained the peak of $33K, and then reduced rapidly in the following year.

Top Export Markets for Non-Keyboard Electrical Musical Instruments from Estonia in 2022:

1. Kazakhstan (11.0 units)
2. United States (9.0 units)
3. United Kingdom (6.0 units)
4. Switzerland (4.0 units)
5. Latvia (3.0 units)
6. Canada (1.0 units)
7. Israel (1.0 units)
8. Australia (1.0 units)

Source: IndexBox Market Intelligence Platform