Czech Republic: Keyboard Stringed Instrument Market 2024

Keyboard Stringed Instrument Market Size in the Czech Republic

After two years of growth, the Czech keyboard stringed instrument market decreased by X% to $X in 2022. Over the period under review, consumption saw a abrupt downturn. Keyboard stringed instrument consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Keyboard Stringed Instrument Production in the Czech Republic

In value terms, keyboard stringed instrument production reduced slightly to $X in 2022 estimated in export price. Overall, production showed a perceptible curtailment. The growth pace was the most rapid in 2017 with an increase of X%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Keyboard Stringed Instrument Exports

Exports from the Czech Republic

In 2022, exports of keyboard stringed instruments from the Czech Republic skyrocketed to X units, rising by X% against 2021 figures. Overall, exports continue to indicate prominent growth. The pace of growth was the most pronounced in 2013 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X units in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, keyboard stringed instrument exports surged to $X in 2022. In general, exports showed a significant expansion. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

Norway (X units), the UK (X units) and Austria (X units) were the main destinations of keyboard stringed instrument exports from the Czech Republic, with a combined X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for the UK (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for keyboard stringed instrument exported from the Czech Republic were Norway ($X), the UK ($X) and Germany ($X), together accounting for X% of total exports. Austria, France, Italy, Slovakia, Belgium, Hungary, Poland, Ireland, Estonia and Denmark lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, France, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average keyboard stringed instrument export price amounted to $X per unit, picking up by X% against the previous year. Overall, the export price saw resilient growth. The export price peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

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

Keyboard Stringed Instrument Imports

Imports into the Czech Republic

In 2022, approx. X units of keyboard stringed instruments were imported into the Czech Republic; shrinking by X% against the previous year's figure. Overall, imports continue to indicate a abrupt decline. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. As a result, imports attained the peak of X units. From 2016 to 2022, the growth of imports remained at a lower figure.

In value terms, keyboard stringed instrument imports declined remarkably to $X in 2022. Over the period under review, imports recorded a pronounced curtailment. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X units), Slovakia (X units) and Poland (X units) were the main suppliers of keyboard stringed instrument imports to the Czech Republic, with a combined X% share of total imports. Italy, Germany and the UK lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of keyboard stringed instruments to the Czech Republic, comprising X% of total imports. The second position in the ranking was held by Germany ($X), with a X% share of total imports. It was followed by Italy, with a X% share.

From 2012 to 2022, the average annual growth rate of value from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Italy (X% per year).

Import Prices by Country

The average keyboard stringed instrument import price stood at $X per unit in 2022, shrinking by X% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 an increase of X% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per unit), while the price for Slovakia ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :