Sweden: Keyboard Stringed Instrument Market 2024

Keyboard Stringed Instrument Market Size in Sweden

The Swedish keyboard stringed instrument market surged to $X in 2022, with an increase of X% against the previous year. In general, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Keyboard Stringed Instrument Production in Sweden

In value terms, keyboard stringed instrument production reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The pace of growth was the most pronounced in 2013 when the production volume increased by X%. Keyboard stringed instrument production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

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Keyboard Stringed Instrument Exports

Exports from Sweden

In 2022, the amount of keyboard stringed instruments exported from Sweden amounted to X units, approximately reflecting the previous year. In general, exports showed a slight contraction. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, the exports hit record highs at X units in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, keyboard stringed instrument exports shrank rapidly to $X in 2022. Overall, exports recorded a abrupt contraction. The pace of growth was the most pronounced in 2013 with an increase of X%. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

China (X units) was the main destination for keyboard stringed instrument exports from Sweden, with a X% share of total exports. Moreover, keyboard stringed instrument exports to China exceeded the volume sent to the second major destination, the UK (X units), twofold. The United States (X units) ranked third in terms of total exports with an X% share.

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

In value terms, South Korea ($X), China ($X) and Norway ($X) constituted the largest markets for keyboard stringed instrument exported from Sweden worldwide, together accounting for X% of total exports.

China, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main countries of destination 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, reducing by X% against the previous year. In general, the export price recorded a abrupt downturn. The growth pace was the most rapid in 2020 when the average export price increased by X% against the previous year. The export price peaked at $X per unit in 2014; however, from 2015 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 South Korea ($X per unit), while the average price for exports to Hong Kong SAR ($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 China (X%), while the prices for the other major destinations experienced more modest paces of growth.

Keyboard Stringed Instrument Imports

Imports into Sweden

For the third year in a row, Sweden recorded growth in purchases abroad of keyboard stringed instruments, which increased by X% to X units in 2022. Overall, imports, however, showed a deep slump. The pace of growth appeared the most rapid in 2016 with an increase of X%. Over the period under review, imports hit record highs at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, keyboard stringed instrument imports skyrocketed to $X in 2022. In general, imports, however, continue to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2016 when imports increased by X%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Norway (X units) constituted the largest supplier of keyboard stringed instrument to Sweden, accounting for a X% share of total imports. Moreover, keyboard stringed instrument imports from Norway exceeded the figures recorded by the second-largest supplier, the UK (X units), eightfold. India (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 Norway totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (X% per year) and India (X% per year).

In value terms, the UK ($X), the United States ($X) and Norway ($X) were the largest keyboard stringed instrument suppliers to Sweden, with a combined X% share of total imports.

The UK, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average keyboard stringed instrument import price amounted to $X per unit, which is down by X% against the previous year. In general, the import price showed a abrupt downturn. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. The import price peaked at $X per unit in 2014; however, from 2015 to 2022, import prices remained at a 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 the United States ($X per unit), while the price for the Czech Republic ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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