Price for Non-Keyboard Electrical Musical Instruments in the Czech Republic - 2023

Contents:

1. Price for Non-Keyboard Electrical Musical Instruments in the Czech Republic (FOB) - 2023
2. Price for Non-Keyboard Electrical Musical Instruments in the Czech Republic (CIF) - 2023
3. Exports of Non-Keyboard Electrical Musical Instruments in the Czech Republic
4. Imports of Non-Keyboard Electrical Musical Instruments in the Czech Republic

Price for Non-Keyboard Electrical Musical Instruments in the Czech Republic (FOB) - 2023

In August 2023, the average non-keyboard electrical musical instruments export price amounted to $697 per unit, which is down by -25.5% against the previous month. Over the period under review, the export price saw a pronounced curtailment. The most prominent rate of growth was recorded in January 2023 when the average export price increased by 73% month-to-month. The export price peaked at $935 per unit in July 2023, and then fell remarkably in the following month.

There were significant differences in the average prices for the major foreign markets. In August 2023, the country with the highest price was the United States ($3,007 per unit), while the average price for exports to Slovakia ($221 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 the United States (+6.5%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Non-Keyboard Electrical Musical Instruments in the Czech Republic (CIF) - 2023

In August 2023, the average non-keyboard electrical musical instruments import price amounted to $427 per unit, shrinking by -20.5% against the previous month. Overall, the import price saw a mild decline. The pace of growth appeared the most rapid in February 2023 when the average import price increased by 32% against the previous month. Over the period under review, average import prices reached the maximum at $600 per unit in June 2023; however, from July 2023 to August 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was Poland ($893 per unit), while the price for China ($83.0 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 the Netherlands (+1.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Exports of Non-Keyboard Electrical Musical Instruments in the Czech Republic

In 2022, overseas shipments of non-keyboard electrical musical instrumentses decreased by -14% to 19K units for the first time since 2018, thus ending a three-year rising trend. The total export volume increased at an average annual rate of +8.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 when exports increased by 28%. The exports peaked at 22K units in 2021, and then reduced in the following year.

In value terms, non-keyboard electrical musical instruments exports shrank to $7.9M in 2022. In general, total exports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +17.2% 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 +60.9% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 34% against the previous year. As a result, the exports attained the peak of $8.5M, and then contracted in the following year.

Top Export Markets for Non-Keyboard Electrical Musical Instruments from the Czech Republic in 2022:

1. Germany (5.1K units)
2. Slovakia (5.0K units)
3. Poland (1.8K units)
4. United States (1.7K units)
5. Hungary (1.7K units)
6. Netherlands (0.9K units)
7. Romania (0.8K units)
8. Japan (0.5K units)
9. United Kingdom (0.3K units)

Imports of Non-Keyboard Electrical Musical Instruments in the Czech Republic

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 -13.5% to 33K units. In general, total imports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +14.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +50.0% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 33%. Imports peaked at 39K units in 2021, and then contracted in the following year.

In value terms, non-keyboard electrical musical instruments imports stood at $8.3M in 2022. Overall, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +13.9% 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 +47.7% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 31% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.

Top Suppliers of Non-Keyboard Electrical Musical Instruments to the Czech Republic in 2022:

1. Germany (10.8K units)
2. Netherlands (7.0K units)
3. China (4.8K units)
4. Slovakia (2.6K units)
5. Indonesia (1.6K units)
6. Hungary (1.5K units)
7. United Kingdom (1.2K units)
8. United States (0.1K units)

Source: IndexBox Market Intelligence Platform