Price for Sound Recording or Reproducing Apparatus; Turntables (Record-Decks) in Belgium - 2023

Contents:

1. Price for Sound Recording or Reproducing Apparatus; Turntables (Record-Decks) in Belgium (CIF) - 2023
2. Price for Sound Recording or Reproducing Apparatus; Turntables (Record-Decks) in Belgium (FOB) - 2022
3. Imports of Sound Recording or Reproducing Apparatus; Turntables (Record-Decks) in Belgium
4. Exports of Sound Recording or Reproducing Apparatus; Turntables (Record-Decks) in Belgium

Price for Sound Recording or Reproducing Apparatus; Turntables (Record-Decks) in Belgium (CIF) - 2023

The average import price for sound recording or reproducing apparatus; turntables (record-decks)s stood at $100 per unit in December 2023, rising by 37% against the previous month. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in September 2023 when the average import price increased by 115% month-to-month. The import price peaked at $141 per unit in January 2023; however, from February 2023 to December 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was the UK ($503 per unit), while the price for China ($56.9 per unit) was amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (+5.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Sound Recording or Reproducing Apparatus; Turntables (Record-Decks) in Belgium (FOB) - 2022

In 2022, the average export price for sound recording or reproducing apparatus; turntables (record-decks)s amounted to $95 per unit, falling by -16.9% against the previous year. In general, export price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for sound recording or reproducing apparatus; turntables (record-decks)s decreased by -50.9% against 2018 indices. The growth pace was the most rapid in 2013 when the average export price increased by 44% against the previous year. The export price peaked at $194 per unit in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($189 per unit), while the average price for exports to France ($76 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 Spain (+4.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Sound Recording or Reproducing Apparatus; Turntables (Record-Decks) in Belgium

After three years of growth, supplies from abroad of sound recording or reproducing apparatus; turntables (record-decks)s decreased by -10% to 159K units in 2022. In general, imports, however, showed significant growth. The pace of growth was the most pronounced in 2020 when imports increased by 88% against the previous year. Imports peaked at 177K units in 2021, and then fell in the following year.

In value terms, imports of sound recording or reproducing apparatus; turntables (record-decks)s soared to $14M in 2022. Over the period under review, imports, however, posted significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 107%. Imports peaked in 2022 and are expected to retain growth in years to come.

Top Suppliers of Sound Recording or Reproducing Apparatus; Turntables (Record-Decks) to Belgium in 2022:

1. China (124.1K units)
2. France (16.0K units)
3. Netherlands (11.5K units)
4. United Kingdom (4.3K units)

Exports of Sound Recording or Reproducing Apparatus; Turntables (Record-Decks) in Belgium

For the fourth consecutive year, Belgium recorded growth in shipments abroad of sound recording or reproducing apparatus; turntables (record-decks)s, which increased by 23% to 144K units in 2022. Over the period under review, exports enjoyed significant growth. The growth pace was the most rapid in 2020 with an increase of 84%. Over the period under review, the exports of hit record highs in 2022 and are likely to see steady growth in the near future.

In value terms, exports of sound recording or reproducing apparatus; turntables (record-decks)s reached $14M in 2022. In general, exports showed a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 49%. The exports peaked in 2022 and are expected to retain growth in years to come.

Top Export Markets for Sound Recording or Reproducing Apparatus; Turntables (Record-Decks) from Belgium in 2022:

1. France (79.4K units)
2. Germany (26.3K units)
3. Netherlands (14.4K units)
4. Italy (4.8K units)
5. United Kingdom (3.1K units)
6. Spain (2.4K units)
7. Austria (1.9K units)

Source: IndexBox Market Intelligence Platform