Italy: Keyboard Stringed Instrument Market 2024

Keyboard Stringed Instrument Market Size in Italy

In 2022, the Italian keyboard stringed instrument market was finally on the rise to reach $X after five years of decline. Over the period under review, consumption, however, saw a pronounced curtailment. Keyboard stringed instrument consumption peaked at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Keyboard Stringed Instrument Production in Italy

In value terms, keyboard stringed instrument production stood at $X in 2022 estimated in export price. Over the period under review, production, however, showed a abrupt contraction. The growth pace was the most rapid in 2020 when the production volume increased by X% against the previous year. Over the period under review, production reached the peak level at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

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Keyboard Stringed Instrument Exports

Exports from Italy

In 2022, the amount of keyboard stringed instruments exported from Italy declined to X units, with a decrease of X% compared with 2021 figures. In general, exports, however, saw a resilient increase. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, the exports attained the peak figure at X units in 2021, and then shrank in the following year.

In value terms, keyboard stringed instrument exports contracted markedly to $X in 2022. Over the period under review, exports continue to indicate a pronounced reduction. The most prominent rate of growth was recorded in 2018 when exports increased by X%. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Tunisia (X units) was the main destination for keyboard stringed instrument exports from Italy, with a X% share of total exports. Moreover, keyboard stringed instrument exports to Tunisia exceeded the volume sent to the second major destination, the United States (X units), more than tenfold. The third position in this ranking was taken by Lebanon (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Tunisia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Lebanon (X% per year).

In value terms, Tunisia ($X) remains the key foreign market for keyboard stringed instruments exports from Italy, comprising X% of total exports. The second position in the ranking was taken by the United States ($X), with an X% share of total exports. It was followed by China, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Tunisia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and China (X% per year).

Export Prices by Country

The average keyboard stringed instrument export price stood at $X per unit in 2022, shrinking by X% against the previous year. Overall, the export price showed a deep reduction. The growth pace was the most rapid in 2020 an increase of X% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2012; however, from 2013 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 China ($X per unit), while the average price for exports to Tunisia ($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 the UK (X%), while the prices for the other major destinations experienced mixed trend patterns.

Keyboard Stringed Instrument Imports

Imports into Italy

In 2022, keyboard stringed instrument imports into Italy dropped dramatically to X units, reducing by X% against 2021 figures. Over the period under review, imports, however, showed prominent growth. The pace of growth was the most pronounced in 2015 when imports increased by X% against the previous year. Imports peaked at X units in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, keyboard stringed instrument imports reduced remarkably to $X in 2022. Overall, imports, however, posted a prominent expansion. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at $X in 2016; however, from 2017 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Germany (X units) constituted the largest keyboard stringed instrument supplier to Italy, accounting for a X% share of total imports. Moreover, keyboard stringed instrument imports from Germany exceeded the figures recorded by the second-largest supplier, the UK (X units), fivefold. Switzerland (X units) ranked third in terms of total imports with a X% share.

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

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

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

Import Prices by Country

The average keyboard stringed instrument import price stood at $X per unit in 2022, growing by X% against the previous year. Over the period under review, import price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, keyboard stringed instrument import price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2014 an increase of X%. As a result, import price attained the peak level of $X per unit. From 2015 to 2022, the average import prices remained at a somewhat lower figure.

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 ($X per unit), while the price for the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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