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

Contents:

1. Price for Non-Keyboard Electrical Musical Instruments in Austria (CIF) - 2023
2. Price for Non-Keyboard Electrical Musical Instruments in Austria (FOB) - 2022
3. Imports of Non-Keyboard Electrical Musical Instruments in Austria
4. Exports of Non-Keyboard Electrical Musical Instruments in Austria

Price for Non-Keyboard Electrical Musical Instruments in Austria (CIF) - 2023

In August 2023, the average non-keyboard electrical musical instruments import price amounted to $930 per unit, surging by 7.9% against the previous month. Over the period from August 2022 to August 2023, it increased at an average monthly rate of +1.7%. The pace of growth appeared the most rapid in January 2023 an increase of 36% against the previous month. Over the period under review, average import prices reached the maximum at $1,000 per unit in May 2023; however, from June 2023 to August 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was the Netherlands ($2,184 per unit), while the price for Poland ($236 per unit) was amongst the lowest.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (+9.5%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average non-keyboard electrical musical instruments export price amounted to $789 per unit, which is down by -9.7% against the previous year. In general, the export price, however, recorded buoyant growth. The growth pace was the most rapid in 2021 when the average export price increased by 125% against the previous year. As a result, the export price attained the peak level of $873 per unit, and then reduced in the following year.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Switzerland ($1,844 per unit), while the average price for exports to Poland ($122 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 South Korea (+63.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Keyboard Electrical Musical Instruments in Austria

For the fourth year in a row, Austria recorded growth in overseas purchases of non-keyboard electrical musical instrumentses, which increased by 20% to 27K units in 2022. Overall, total imports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +19.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +68.3% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 22%. Over the period under review, imports attained the peak figure in 2022 and are likely to see steady growth in the near future.

In value terms, non-keyboard electrical musical instruments imports dropped to $12M in 2022. In general, imports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2021 when imports increased by 55% against the previous year. As a result, imports reached the peak of $12M, and then dropped slightly in the following year.

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

1. Germany (23.6K units)
2. Netherlands (0.8K units)
3. Poland (0.6K units)
4. China (0.5K units)
5. Indonesia (0.2K units)
6. United States (0.2K units)

Exports of Non-Keyboard Electrical Musical Instruments in Austria

In 2022, non-keyboard electrical musical instruments exports from Austria soared to 882 units, with an increase of 54% compared with 2021. Over the period under review, exports showed significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 71%. Over the period under review, the exports reached the peak figure in 2022 and are likely to see steady growth in the near future.

In value terms, non-keyboard electrical musical instruments exports skyrocketed to $696K in 2022. Overall, exports showed a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 88% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the near future.

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

1. United States (272.0 units)
2. Poland (163.0 units)
3. Germany (115.0 units)
4. Canada (57.0 units)
5. United Kingdom (54.0 units)
6. Denmark (38.0 units)
7. Switzerland (37.0 units)
8. Hong Kong SAR (20.0 units)
9. South Korea (17.0 units)

Source: IndexBox Market Intelligence Platform