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

Contents:

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

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

In August 2023, the average non-keyboard electrical musical instruments import price amounted to $518 per unit, picking up by 25% against the previous month. In general, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 when the average import price increased by 44% m-o-m. As a result, import price attained the peak level of $568 per unit. From May 2023 to August 2023, the average import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was the United States ($1,237 per unit), while the price for China ($200 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 (+3.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Non-Keyboard Electrical Musical Instruments in France (FOB) - 2023

In August 2023, the average non-keyboard electrical musical instruments export price amounted to $596 per unit, increasing by 15% against the previous month. Over the period under review, export price indicated a noticeable increase from August 2022 to August 2023: its price increased at an average monthly rate of +4.6% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on August 2023 figures, non-keyboard electrical musical instruments export price increased by +14.9% against July 2023 indices. The most prominent rate of growth was recorded in April 2023 an increase of 36% against the previous month. As a result, the export price reached the peak level of $612 per unit. From May 2023 to August 2023, the the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In August 2023, the country with the highest price was Sweden ($1,195 per unit), while the average price for exports to Germany ($249 per unit) was amongst the lowest.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (+12.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Keyboard Electrical Musical Instruments in France

For the fourth consecutive year, France recorded growth in supplies from abroad of non-keyboard electrical musical instrumentses, which increased by 1.1% to 241K units in 2022. Overall, total imports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +16.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +56.2% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 27%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, non-keyboard electrical musical instruments imports dropped slightly to $57M in 2022. The total import value increased at an average annual rate of +8.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 22% against the previous year. As a result, imports reached the peak of $58M, and then dropped slightly in the following year.

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

1. China (71.0K units)
2. Netherlands (59.3K units)
3. Germany (48.0K units)
4. Indonesia (39.6K units)
5. Spain (4.3K units)
6. United States (2.5K units)

Exports of Non-Keyboard Electrical Musical Instruments in France

After three years of growth, shipments abroad of non-keyboard electrical musical instrumentses decreased by -11.2% to 34K units in 2022. Over the period under review, total exports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +12.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 45% against the previous year. Over the period under review, the exports reached the maximum at 38K units in 2021, and then shrank in the following year.

In value terms, non-keyboard electrical musical instruments exports declined to $8.3M in 2022. Overall, total exports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +18.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +64.9% against 2019 indices. The pace of growth was the most pronounced in 2020 when exports increased by 39% against the previous year. Over the period under review, the exports attained the maximum at $8.9M in 2021, and then contracted in the following year.

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

1. Spain (7.1K units)
2. Italy (6.9K units)
3. Sweden (5.1K units)
4. Germany (4.0K units)
5. Netherlands (1.9K units)
6. United Kingdom (1.5K units)
7. Belgium (1.5K units)
8. Portugal (1.4K units)
9. United States (1.0K units)
10. Morocco (0.5K units)

Source: IndexBox Market Intelligence Platform