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

Price for Non-Keyboard Electrical Musical Instruments in Germany (CIF) - 2023

The average non-keyboard electrical musical instruments import price stood at $412 per unit in August 2023, waning by -11.9% against the previous month. Overall, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in March 2023 when the average import price increased by 24% month-to-month. Over the period under review, average import prices hit record highs at $532 per unit in April 2023; however, from May 2023 to August 2023, import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was Japan ($801 per unit), while the price for China ($154 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 Japan (+2.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Non-Keyboard Electrical Musical Instruments in Germany (FOB) - 2023

In August 2023, the average non-keyboard electrical musical instruments export price amounted to $645 per unit, surging by 6.8% against the previous month. In general, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in January 2023 when the average export price increased by 24% against the previous month. Over the period under review, the average export prices hit record highs in August 2023.

Prices varied noticeably by the country of destination: the country with the highest price was the United States ($1,275 per unit), while the average price for exports to Spain ($498 per unit) 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 Sweden (+2.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Keyboard Electrical Musical Instruments in Germany

In 2022, after three years of growth, there was decline in purchases abroad of non-keyboard electrical musical instrumentses, when their volume decreased by -4.6% to 974K units. Overall, total imports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +24.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when imports increased by 97% against the previous year. Over the period under review, imports reached the maximum at 1M units in 2021, and then dropped slightly in the following year.

In value terms, non-keyboard electrical musical instruments imports expanded to $199M in 2022. Over the period under review, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +14.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +48.7% against 2019 indices. The pace of growth was the most pronounced in 2020 when imports increased by 21% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Import of Non-Keyboard Electrical Musical Instruments in Germany (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Netherlands	35.0	59.5	79.7	68.7	25.2%
China	38.0	34.3	36.6	50.9	10.2%
Indonesia	16.2	19.2	28.3	33.6	27.5%
Japan	5.0	4.2	6.2	7.1	12.4%
United Kingdom	7.4	13.2	1.3	1.2	-45.5%
Others	32.0	31.7	41.2	37.0	5.0%
Total	134	162	193	199	14.1%

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

China (480.9K units)
Netherlands (246.2K units)
Indonesia (148.5K units)
Japan (15.5K units)
United Kingdom (2.6K units)

Exports of Non-Keyboard Electrical Musical Instruments in Germany

For the fourth consecutive year, Germany recorded growth in overseas shipments of non-keyboard electrical musical instrumentses, which increased by 97% to 499K units in 2022. Overall, exports showed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, non-keyboard electrical musical instruments exports surged to $156M in 2022. Over the period under review, exports saw a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Export of Non-Keyboard Electrical Musical Instruments in Germany (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
France	3.8	5.3	5.9	24.4	85.9%
United Kingdom	5.1	9.2	12.4	14.7	42.3%
Netherlands	6.4	6.0	4.9	11.5	21.6%
Spain	3.2	3.7	3.7	9.9	45.7%
Austria	3.2	3.8	4.1	9.4	43.2%
Italy	2.5	3.3	4.0	8.7	51.5%
United States	3.7	4.8	6.1	7.9	28.8%
Poland	3.8	4.0	4.6	7.0	22.6%
Switzerland	3.8	6.3	7.6	6.7	20.8%
Sweden	0.9	1.6	2.4	6.4	92.3%
Belgium	2.7	3.5	3.0	5.9	29.8%
Finland	0.7	1.0	1.2	4.9	91.3%
Czech Republic	2.1	2.2	2.5	3.9	22.9%
Others	12.8	14.3	18.9	34.4	39.0%
Total	54.7	68.9	81.0	156	41.8%