Musical Instrument Strings Price in Greece - 2023

Contents:

1. Musical Instrument Strings Price in Greece (CIF) - 2022
2. Musical Instrument Strings Price in Greece (FOB) - 2022
3. Musical Instrument Strings Imports in Greece
4. Musical Instrument Strings Exports in Greece

Musical Instrument Strings Price in Greece (CIF) - 2022

In 2022, the average musical instrument strings import price amounted to $1.7 per unit, increasing by 4.3% against the previous year. Over the period under review, the import price, however, showed a pronounced decline. The growth pace was the most rapid in 2020 when the average import price increased by 13% against the previous year. The import price peaked at $2.7 per unit in 2012; however, from 2013 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 Germany ($3.7 per unit), while the price for China ($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 UK (+1.5%), while the prices for the other major suppliers experienced a decline.

Musical Instrument Strings Price in Greece (FOB) - 2022

In 2022, the average musical instrument strings export price amounted to $0.9 per unit, rising by 14% against the previous year. Over the period under review, the export price, however, showed a deep reduction. The growth pace was the most rapid in 2017 when the average export price increased by 64%. Over the period under review, the average export prices hit record highs at $2.7 per unit in 2013; however, from 2014 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 UK ($2.6 per unit), while the average price for exports to Cyprus amounted to $0.9 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (-1.8%), while the prices for the other major destinations experienced a decline.

Musical Instrument Strings Imports in Greece

Musical instrument strings imports into Greece plummeted to 387K units in 2022, declining by -33.1% on 2021 figures. In general, imports, however, saw prominent growth. The growth pace was the most rapid in 2021 with an increase of 125% against the previous year. As a result, imports attained the peak of 578K units, and then shrank markedly in the following year.

In value terms, musical instrument strings imports reduced rapidly to $663K in 2022. Overall, imports, however, saw a buoyant increase. The pace of growth was the most pronounced in 2021 when imports increased by 74%. As a result, imports attained the peak of $950K, and then contracted significantly in the following year.

Top Suppliers of Musical Instrument Strings to Greece in 2022:

1. United States (146.8K units)
2. Italy (80.3K units)
3. Slovenia (33.1K units)
4. China (32.6K units)
5. France (23.7K units)
6. Germany (18.5K units)
7. United Kingdom (13.2K units)

Musical Instrument Strings Exports in Greece

In 2022, the amount of musical instrument stringses exported from Greece declined remarkably to 20K units, waning by -48.8% compared with the previous year. In general, exports saw a abrupt slump. The most prominent rate of growth was recorded in 2021 when exports increased by 198%. As a result, the exports attained the peak of 39K units, and then declined remarkably in the following year.

In value terms, musical instrument strings exports contracted dramatically to $19K in 2022. Overall, exports saw a dramatic decline. The most prominent rate of growth was recorded in 2021 when exports increased by 127% against the previous year. The exports peaked at $67K in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Top Export Markets for Musical Instrument Strings from Greece in 2022:

1. Cyprus (19.0K units)
2. United Kingdom (0.8K units)

Source: IndexBox Market Intelligence Platform