Price for Non-Keyboard Electrical Musical Instruments in Luxembourg - 2023

Contents:

1. Price for Non-Keyboard Electrical Musical Instruments in Luxembourg (CIF) - 2022
2. Price for Non-Keyboard Electrical Musical Instruments in Luxembourg (FOB) - 2022
3. Imports of Non-Keyboard Electrical Musical Instruments in Luxembourg
4. Exports of Non-Keyboard Electrical Musical Instruments in Luxembourg

Price for Non-Keyboard Electrical Musical Instruments in Luxembourg (CIF) - 2022

In 2022, the average non-keyboard electrical musical instruments import price amounted to $185 per unit, declining by -9.3% against the previous year. Overall, the import price continues to indicate a deep setback. The pace of growth was the most pronounced in 2013 when the average import price increased by 30%. Over the period under review, average import prices reached the maximum at $875 per unit in 2017; however, from 2018 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 ($823 per unit), while the price for the Netherlands ($161 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+1.1%), while the prices for the other major suppliers experienced a decline.

Price for Non-Keyboard Electrical Musical Instruments in Luxembourg (FOB) - 2022

In 2022, the average non-keyboard electrical musical instruments export price amounted to $954 per unit, picking up by 19% against the previous year. Over the period under review, the export price recorded significant growth. The growth pace was the most rapid in 2017 an increase of 456%. The export price peaked in 2022 and is likely to see gradual growth in the near future.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($972 per unit), while the average price for exports to the UK amounted to $910 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+113.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Keyboard Electrical Musical Instruments in Luxembourg

After three years of growth, supplies from abroad of non-keyboard electrical musical instrumentses decreased by -3.8% to 4.1K units in 2022. Overall, imports, however, enjoyed a significant expansion. The growth pace was the most rapid in 2020 with an increase of 109% against the previous year. Imports peaked at 4.2K units in 2021, and then declined slightly in the following year.

In value terms, non-keyboard electrical musical instruments imports reduced to $753K in 2022. The total import value increased at an average annual rate of +1.2% from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 14% against the previous year. Imports peaked at $862K in 2021, and then declined in the following year.

Top Suppliers of Non-Keyboard Electrical Musical Instruments to Luxembourg in 2022:

1. Germany (3111.0 units)
2. Netherlands (552.0 units)
3. Belgium (188.0 units)
4. United States (59.0 units)

Exports of Non-Keyboard Electrical Musical Instruments in Luxembourg

In 2022, overseas shipments of non-keyboard electrical musical instrumentses decreased by -53.3% to 7 units, falling for the second year in a row after two years of growth. Over the period under review, exports continue to indicate a precipitous slump. The pace of growth appeared the most rapid in 2020 with an increase of 114% against the previous year. As a result, the exports attained the peak of 60 units. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, non-keyboard electrical musical instruments exports shrank significantly to $6.7K in 2022. Overall, exports showed a deep setback. The most prominent rate of growth was recorded in 2020 with an increase of 29%. Over the period under review, the exports hit record highs at $12K in 2021, and then declined notably in the following year.

Top Export Markets for Non-Keyboard Electrical Musical Instruments from Luxembourg in 2022:

1. United States (5.0 units)
2. United Kingdom (2.0 units)

Source: IndexBox Market Intelligence Platform