Musical Instrument Strings Price in Bolivia - 2023

Musical Instrument Strings Price in Bolivia (CIF) - 2022

In 2022, the average musical instrument strings import price amounted to $0.7 per unit, jumping by 61% against the previous year. Overall, the import price recorded a buoyant expansion. The pace of growth appeared the most rapid in 2019 an increase of 240% against the previous year. As a result, import price attained the peak level of $0.9 per unit. From 2020 to 2022, the average import prices remained 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 Argentina ($1.4 per unit), while the price for Spain ($0.1 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+14.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Musical Instrument Strings Price in Bolivia (FOB) - 2022

The average musical instrument strings export price stood at $1.2 per unit in 2022, shrinking by -31.1% against the previous year. Overall, the export price, however, enjoyed tangible growth. The most prominent rate of growth was recorded in 2016 when the average export price increased by 104% against the previous year. Over the period under review, the average export prices attained the peak figure at $2.4 per unit in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Chile ($1.2 per unit), while the average price for exports to Austria stood at $1 per unit.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Austria (+0.9%), while the prices for the other major destinations experienced a decline.

Musical Instrument Strings Imports in Bolivia

In 2022, purchases abroad of musical instrument stringses decreased by -10.2% to 134K units, falling for the second year in a row after two years of growth. Over the period under review, total imports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +6.1% 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 decreased by -23.2% against 2020 indices. The growth pace was the most rapid in 2020 when imports increased by 55% against the previous year. As a result, imports reached the peak of 174K units. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, musical instrument strings imports surged to $88K in 2022. Overall, imports recorded a pronounced slump. Over the period under review, imports hit record highs at $102K in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Import of Musical Instrument Strings in Bolivia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Argentina	2.1	44.2	1.0	33.5	151.7%
United States	16.7	19.5	32.1	20.0	6.2%
Chile	75.9	13.6	9.1	14.3	-42.7%
China	6.5	16.7	15.5	14.0	29.1%
Spain	N/A	N/A	0.4	0.8	100.0%
Others	0.7	2.1	2.5	5.1	93.9%
Total	102	96.1	60.6	87.7	-4.9%

Top Suppliers of Musical Instrument Strings to Bolivia in 2022:

China (64.0K units)
United States (36.7K units)
Argentina (24.2K units)
Spain (7.3K units)
Chile (1.1K units)

Musical Instrument Strings Exports in Bolivia

Musical instrument strings exports from Bolivia fell markedly to 37 units in 2022, which is down by -71.8% on 2021. In general, exports continue to indicate a sharp descent. The smallest decline of -65.7% was in 2021. Over the period under review, the exports hit record highs at 382 units in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, musical instrument strings exports fell dramatically to $43 in 2022. Over the period under review, exports faced a sharp contraction. The smallest decline of -76% was in 2021. Over the period under review, the exports reached the maximum at $922 in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.