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

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

The average non-keyboard electrical musical instruments import price stood at $451 per unit in August 2023, which is down by -24.3% against the previous month. Over the period under review, import price indicated mild growth from August 2022 to August 2023: its price increased at an average monthly rate of +1.2% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on August 2023 figures, non-keyboard electrical musical instruments import price increased by +118.6% against June 2023 indices. The growth pace was the most rapid in July 2023 when the average import price increased by 189% m-o-m. Over the period under review, average import prices attained the maximum at $608 per unit in March 2023; however, from April 2023 to August 2023, import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was the United States ($1,670 per unit), while the price for China ($231 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 China (+3.9%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In August 2023, the average non-keyboard electrical musical instruments export price amounted to $855 per unit, growing by 15% against the previous month. Overall, the export price, however, saw a slight curtailment. The pace of growth was the most pronounced in January 2023 when the average export price increased by 43% month-to-month. The export price peaked at $1,041 per unit in August 2022; however, from September 2022 to August 2023, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In August 2023, the country with the highest price was Germany ($3,303 per unit), while the average price for exports to Congo ($212 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 Germany (+11.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Keyboard Electrical Musical Instruments in Italy

In 2022, after three years of growth, there was significant decline in purchases abroad of non-keyboard electrical musical instrumentses, when their volume decreased by -7% to 193K units. Over the period under review, imports, however, continue to indicate a significant increase. The pace of growth was the most pronounced in 2021 when imports increased by 88% against the previous year. As a result, imports reached the peak of 208K units, and then reduced in the following year.

In value terms, non-keyboard electrical musical instruments imports shrank dramatically to $31M in 2022. Overall, imports, however, posted a remarkable increase. The pace of growth appeared the most rapid in 2021 with an increase of 80% against the previous year. As a result, imports attained the peak of $37M, and then shrank significantly in the following year.

Import of Non-Keyboard Electrical Musical Instruments in Italy (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Netherlands	8.9	11.3	19.4	16.9	23.8%
China	3.0	2.7	4.8	5.0	18.6%
Indonesia	2.2	0.9	2.0	2.5	4.4%
United States	1.4	1.3	1.7	1.8	8.7%
Belgium	1.4	0.9	1.6	1.3	-2.4%
France	1.0	1.1	1.8	1.2	6.3%
Germany	0.8	0.4	2.5	0.8	0.0%
Others	2.6	2.1	3.2	1.4	-18.6%
Total	21.2	20.6	37.0	30.9	13.4%

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

Netherlands (107.2K units)
China (53.5K units)
Indonesia (8.6K units)
France (6.9K units)
Belgium (4.5K units)
United States (4.1K units)
Germany (3.6K units)

Exports of Non-Keyboard Electrical Musical Instruments in Italy

In 2022, the amount of non-keyboard electrical musical instrumentses exported from Italy declined dramatically to 18K units, dropping by -23.4% on 2021. Over the period under review, exports recorded a perceptible descent. The pace of growth appeared the most rapid in 2021 when exports increased by 59%. As a result, the exports attained the peak of 23K units, and then reduced dramatically in the following year.

In value terms, non-keyboard electrical musical instruments exports rose modestly to $5.9M in 2022. The total export value increased at an average annual rate of +1.5% over the period from 2019 to 2022; however, 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 35%. The exports peaked in 2022 and are expected to retain growth in years to come.

Export of Non-Keyboard Electrical Musical Instruments in Italy (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	1,204	1,255	1,622	2,292	23.9%
China	65.0	135	424	830	133.7%
United Kingdom	128	203	309	496	57.1%
France	393	537	600	458	5.2%
Germany	510	478	480	442	-4.7%
Spain	1,583	428	331	188	-50.8%
Switzerland	353	219	190	169	-21.8%
Nigeria	70.1	N/A	262	161	31.9%
Norway	26.5	N/A	76.9	82.2	45.8%
Portugal	388	42.8	43.8	38.7	-53.6%
El Salvador	N/A	N/A	108	N/A	0%
Others	947	1,017	1,373	766	-6.8%
Total	5,668	4,314	5,818	5,923	1.5%