Musical Instrument Strings Price in Romania - 2023
Contents:
- Musical Instrument Strings Price in Romania (CIF) - 2022
- Musical Instrument Strings Price in Romania (FOB) - 2022
- Musical Instrument Strings Imports in Romania
- Musical Instrument Strings Exports in Romania
Musical Instrument Strings Price in Romania (CIF) - 2022
The average musical instrument strings import price stood at $0.8 per unit in 2022, waning by -31.3% against the previous year. In general, the import price saw a perceptible descent. The most prominent rate of growth was recorded in 2021 when the average import price increased by 51% against the previous year. The import price peaked at $1.7 per unit in 2014; however, from 2015 to 2022, import prices stood 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 the United States ($3.5 per unit), while the price for Germany ($0.5 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+5.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Musical Instrument Strings Price in Romania (FOB) - 2022
In 2022, the average musical instrument strings export price amounted to $2.2 per unit, declining by -18.4% against the previous year. Over the period under review, the export price showed a deep setback. The pace of growth was the most pronounced in 2015 an increase of 97%. The export price peaked at $9.7 per unit in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($7.8 per unit), while the average price for exports to Moldova amounted to $2.2 per unit.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+6.1%).
Musical Instrument Strings Imports in Romania
In 2022, approx. 1.1M units of musical instrument stringses were imported into Romania; rising by 58% compared with 2021 figures. In general, total imports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +13.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, musical instrument strings imports rose markedly to $909K in 2022. The total import value increased at an average annual rate of +3.6% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 38%. Imports peaked in 2022 and are likely to see steady growth in years to come.
| Import of Musical Instrument Strings in Romania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 320 | 236 | 332 | 385 | 6.4% |
| United States | 127 | 138 | 108 | 120 | -1.9% |
| Austria | 172 | 65.0 | 126 | 111 | -13.6% |
| Poland | 21.3 | 40.6 | 72.8 | 87.2 | 60.0% |
| Hungary | 43.1 | 44.0 | 63.5 | 64.2 | 14.2% |
| China | 79.5 | 15.4 | 10.9 | 38.4 | -21.5% |
| Croatia | 0.8 | 6.7 | 12.8 | 23.4 | 208.1% |
| Others | 54.9 | 60.6 | 111 | 79.0 | 12.9% |
| Total | 818 | 607 | 837 | 909 | 3.6% |
Top Suppliers of Musical Instrument Strings to Romania in 2022:
- Germany (703.5K units)
- Poland (105.7K units)
- Hungary (82.8K units)
- Austria (65.2K units)
- United States (33.9K units)
- China (30.1K units)
- Croatia (28.6K units)
Musical Instrument Strings Exports in Romania
In 2022, approx. 3.3K units of musical instrument stringses were exported from Romania; increasing by 15% against the previous year. Over the period under review, exports, however, saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 when exports increased by 81% against the previous year. As a result, the exports reached the peak of 7.8K units. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, musical instrument strings exports contracted to $7.4K in 2022. Overall, exports, however, showed a precipitous contraction. The most prominent rate of growth was recorded in 2020 with an increase of 48% against the previous year. As a result, the exports attained the peak of $24K. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Musical Instrument Strings in Romania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Moldova | 8.8 | 13.3 | 3.7 | 6.9 | -7.8% |
| United States | 0.2 | 8.4 | 2.6 | 0.2 | 0.0% |
| Germany | 6.3 | 1.7 | N/A | N/A | -73.0% |
| Others | 0.6 | 0.2 | 1.7 | 0.3 | -20.6% |
| Total | 15.9 | 23.6 | 7.9 | 7.4 | -22.5% |
Top Export Markets for Musical Instrument Strings from Romania in 2022:
- United States (undefinedK units)
- Moldova (3.2K units)
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