Price for Non-Keyboard Electrical Musical Instruments in Hungary - 2023
Contents:
- Price for Non-Keyboard Electrical Musical Instruments in Hungary (CIF) - 2022
- Price for Non-Keyboard Electrical Musical Instruments in Hungary (FOB) - 2022
- Imports of Non-Keyboard Electrical Musical Instruments in Hungary
- Exports of Non-Keyboard Electrical Musical Instruments in Hungary
Price for Non-Keyboard Electrical Musical Instruments in Hungary (CIF) - 2022
In 2022, the average non-keyboard electrical musical instruments import price amounted to $185 per unit, surging by 17% against the previous year. Over the period under review, the import price enjoyed a measured increase. The growth pace was the most rapid in 2013 an increase of 59%. Over the period under review, average import prices hit record highs at $294 per unit in 2014; however, from 2015 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 Indonesia ($364 per unit), while the price for China ($45 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+13.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Non-Keyboard Electrical Musical Instruments in Hungary (FOB) - 2022
In 2022, the average non-keyboard electrical musical instruments export price amounted to $239 per unit, shrinking by -39.4% against the previous year. Overall, the export price recorded a pronounced slump. The most prominent rate of growth was recorded in 2021 when the average export price increased by 48%. The export price peaked at $454 per unit in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($1,114 per unit), while the average price for exports to Slovakia ($59 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 the United States (+15.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Non-Keyboard Electrical Musical Instruments in Hungary
After three years of growth, purchases abroad of non-keyboard electrical musical instrumentses decreased by -2.9% to 7.5K units in 2022. In general, imports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 62%. Imports peaked at 7.7K units in 2021, and then fell modestly in the following year.
In value terms, non-keyboard electrical musical instruments imports expanded remarkably to $1.4M in 2022. Overall, imports, however, saw a significant increase. The pace of growth was the most pronounced in 2021 when imports increased by 54% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.
| Import of Non-Keyboard Electrical Musical Instruments in Hungary (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 367 | 453 | 625 | 767 | 27.9% |
| Netherlands | N/A | 90.1 | 134 | 156 | 31.6% |
| Indonesia | 4.0 | 19.4 | 56.3 | 126 | 215.8% |
| United States | 99.5 | 35.4 | 39.9 | 99.5 | 0.0% |
| China | 30.7 | 72.8 | 170 | 89.5 | 42.9% |
| Belgium | 20.1 | 66.1 | 61.0 | 48.1 | 33.8% |
| Others | 87.2 | 50.0 | 127 | 91.8 | 1.7% |
| Total | 609 | 787 | 1,213 | 1,378 | 31.3% |
Top Suppliers of Non-Keyboard Electrical Musical Instruments to Hungary in 2022:
- Germany (3.8K units)
- China (2.0K units)
- Netherlands (0.7K units)
- Indonesia (0.3K units)
- Belgium (0.2K units)
- United States (0.1K units)
Exports of Non-Keyboard Electrical Musical Instruments in Hungary
In 2022, non-keyboard electrical musical instruments exports from Hungary soared to 2.3K units, growing by 301% compared with the previous year. In general, exports continue to indicate a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, non-keyboard electrical musical instruments exports skyrocketed to $560K in 2022. Overall, exports recorded a significant expansion. The pace of growth was the most pronounced in 2021 when exports increased by 251%. The exports peaked in 2022 and are likely to see gradual growth in years to come.
| Export of Non-Keyboard Electrical Musical Instruments in Hungary (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Serbia | 0.1 | 9.6 | 122 | 462 | 1565.5% |
| United States | 99.2 | 30.4 | 68.8 | 64.6 | -13.3% |
| Japan | 43.6 | 3.6 | 16.5 | 12.9 | -33.4% |
| Ukraine | 8.6 | 4.5 | N/A | N/A | -47.7% |
| Others | 33.3 | 17.8 | 23.4 | 21.0 | -14.2% |
| Total | 185 | 65.8 | 231 | 560 | 44.7% |
Top Export Markets for Non-Keyboard Electrical Musical Instruments from Hungary in 2022:
- Serbia (2237.0 units)
- United States (58.0 units)
- Japan (10.0 units)
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This report provides an in-depth analysis of the electrical musical instrument market in Hungary.
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This report provides an in-depth analysis of the global electrical musical instrument market.
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This report provides an in-depth analysis of the electrical musical instrument market in Hungary.
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This report provides an in-depth analysis of the global electrical musical instrument market.
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Discover the top import markets for electrical musical instruments in 2023. Learn about the key countries driving the global trade of musical instruments.
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Discover the top import markets for electrical musical instruments in 2023. Learn about the key countries driving the global trade of musical instruments.
