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

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

The average non-keyboard electrical musical instruments import price stood at $238 per unit in 2022, rising by 6.3% against the previous year. Over the period under review, the import price, however, saw a pronounced decrease. The pace of growth was the most pronounced in 2020 an increase of 15%. The import price peaked at $366 per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($661 per unit), while the price for China ($107 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+10.9%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average non-keyboard electrical musical instruments export price stood at $256 per unit in August 2023, with a decrease of -58.9% against the previous month. In general, the export price recorded a abrupt downturn. The pace of growth appeared the most rapid in January 2023 an increase of 239% against the previous month. As a result, the export price reached the peak level of $2,072 per unit. From February 2023 to August 2023, the the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In August 2023, the country with the highest price was Canada ($716 per unit), while the average price for exports to Norway ($109 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 Finland (-3.0%), while the prices for the other major destinations experienced a decline.

Imports of Non-Keyboard Electrical Musical Instruments in Sweden

In 2022, approx. 75K units of non-keyboard electrical musical instrumentses were imported into Sweden; declining by -13.2% compared with the year before. Over the period under review, imports showed a pronounced contraction. The pace of growth was the most pronounced in 2021 with an increase of 19% against the previous year. As a result, imports reached the peak of 86K units, and then dropped in the following year.

In value terms, non-keyboard electrical musical instruments imports declined to $18M in 2022. The total import value increased at an average annual rate of +4.6% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 24% against the previous year. As a result, imports reached the peak of $19M, and then declined in the following year.

Import of Non-Keyboard Electrical Musical Instruments in Sweden (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	2.8	4.1	5.6	4.7	18.8%
Indonesia	1.6	1.8	3.2	3.8	33.4%
Netherlands	2.0	2.8	4.3	3.5	20.5%
United States	3.4	1.2	2.4	2.5	-9.7%
China	1.6	1.9	2.4	2.0	7.7%
United Kingdom	2.9	3.0	0.1	0.2	-59.0%
Others	1.2	0.9	1.2	1.1	-2.9%
Total	15.6	15.6	19.3	17.8	4.5%

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

Germany (19.5K units)
China (18.3K units)
Netherlands (17.0K units)
Indonesia (12.2K units)
United States (3.8K units)
United Kingdom (0.3K units)

Exports of Non-Keyboard Electrical Musical Instruments in Sweden

For the fourth year in a row, Sweden recorded growth in shipments abroad of non-keyboard electrical musical instrumentses, which increased by 9.8% to 32K units in 2022. Overall, total exports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +15.8% 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 +55.3% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 37%. The exports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, non-keyboard electrical musical instruments exports soared to $11M in 2022. Over the period under review, total exports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +6.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +65.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 42% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to see gradual growth in the near future.

Export of Non-Keyboard Electrical Musical Instruments in Sweden (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Norway	2.6	2.7	3.7	3.8	13.5%
United Kingdom	0.2	0.3	2.0	2.0	115.4%
Denmark	1.2	0.5	1.1	1.2	0.0%
Germany	0.5	0.5	0.6	1.0	26.0%
Finland	0.7	0.3	0.5	0.9	8.7%
United States	1.9	0.9	0.4	0.6	-31.9%
Switzerland	0.2	0.2	0.3	0.3	14.5%
Others	1.7	1.1	0.9	1.1	-13.5%
Total	9.0	6.6	9.3	10.9	6.6%