Musical Instrument Strings Price in Tunisia - 2022

Musical Instrument Strings Price in Tunisia (CIF) - 2022

The average musical instrument strings import price stood at $1 per unit in 2022, rising by 4.3% against the previous year. Overall, the import price, however, showed a mild decrease. The pace of growth appeared the most rapid in 2014 an increase of 17%. The import price peaked at $1.3 per unit in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Austria ($6.3 per unit), while the price for Belgium ($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 (+9.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Musical Instrument Strings Price in Tunisia (FOB) - 2022

In 2020, the average musical instrument strings export price amounted to $1.2 per unit, falling by -30.4% against the previous year. Over the period under review, the export price saw a pronounced descent. The most prominent rate of growth was recorded in 2017 an increase of 171%. Over the period under review, the average export prices reached the maximum at $4.7 per unit in 2013; however, from 2014 to 2020, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Ethiopia.

From 2012 to 2020, the rate of growth in terms of prices for Indonesia amounted to -40.1% per year.

Musical Instrument Strings Imports in Tunisia

In 2022, approx. 36K units of musical instrument stringses were imported into Tunisia; falling by -28.4% on the previous year. Over the period under review, imports faced a deep contraction. The growth pace was the most rapid in 2021 with an increase of 185% against the previous year. Over the period under review, imports attained the peak figure at 66K units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, musical instrument strings imports shrank rapidly to $36K in 2022. Overall, imports showed a precipitous descent. The most prominent rate of growth was recorded in 2021 with an increase of 199% against the previous year. Over the period under review, imports reached the maximum at $83K in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Import of Musical Instrument Strings in Tunisia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Austria	22.9	6.5	19.1	12.6	-18.1%
France	0.4	0.8	7.5	8.3	174.8%
Italy	12.3	1.4	4.9	3.9	-31.8%
Germany	8.4	2.2	5.8	3.5	-25.3%
China	13.3	1.8	5.6	2.6	-42.0%
United States	16.3	2.6	1.4	2.3	-47.9%
Belgium	1.5	0.5	1.5	1.0	-12.6%
Japan	0.2	0.1	0.4	0.8	58.7%
Others	7.4	0.1	1.7	0.6	-56.7%
Total	82.7	16.0	47.8	35.7	-24.4%

Top Suppliers of Musical Instrument Strings to Tunisia in 2022:

France (16.4K units)
Belgium (7.7K units)
Italy (2.8K units)
China (2.3K units)
United States (2.0K units)
Austria (2.0K units)
Germany (1.2K units)
Japan (0.6K units)

Musical Instrument Strings Exports in Tunisia

In 2020, the amount of musical instrument stringses exported from Tunisia surged to 1.8K units, increasing by 20% against the previous year. The total export volume increased at an average annual rate of +20.0% from 2019 to 2020; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, musical instrument strings exports contracted rapidly to $2.2K in 2020. In general, exports, however, recorded a abrupt descent. Over the period under review, the exports reached the peak figure at $2.7K in 2019, and then reduced remarkably in the following year.