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

Contents:

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

Price for Non-Keyboard Electrical Musical Instruments in Romania (CIF) - 2022

The average non-keyboard electrical musical instruments import price stood at $264 per unit in 2022, remaining relatively unchanged against the previous year. In general, import price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of +8.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, non-keyboard electrical musical instruments import price increased by +44.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 43%. The import price peaked in 2022 and is expected to retain growth in years to come.

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 Spain ($488 per unit), while the price for the Czech Republic ($95 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Greece (+13.6%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average non-keyboard electrical musical instruments export price stood at $467 per unit in August 2023, remaining stable against the previous month. Over the period under review, the export price, however, recorded a noticeable contraction. The growth pace was the most rapid in January 2023 when the average export price increased by 61% m-o-m. As a result, the export price attained the peak level of $1,012 per unit. From February 2023 to August 2023, the the average export prices failed to regain momentum.

Prices varied noticeably by the country of destination: the country with the highest price was France ($3,939 per unit), while the average price for exports to Lithuania ($163 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 France (+24.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Keyboard Electrical Musical Instruments in Romania

For the fourth year in a row, Romania recorded growth in overseas purchases of non-keyboard electrical musical instrumentses, which increased by 92% to 38K units in 2022. Over the period under review, imports recorded a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 94%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, non-keyboard electrical musical instruments imports surged to $9.9M in 2022. Overall, imports showed a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 177% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.

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

1. United Kingdom (undefinedK units)
2. Germany (15.3K units)
3. China (3.0K units)
4. Netherlands (2.7K units)
5. Italy (2.2K units)
6. France (2.0K units)
7. Belgium (1.9K units)
8. Czech Republic (1.8K units)
9. Spain (1.8K units)
10. Sweden (1.2K units)
11. Greece (1.2K units)
12. Indonesia (0.7K units)

Exports of Non-Keyboard Electrical Musical Instruments in Romania

In 2022, non-keyboard electrical musical instruments exports from Romania skyrocketed to 22K units, rising by 157% against the year before. In general, exports showed a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 5,430% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to see gradual growth in years to come.

In value terms, non-keyboard electrical musical instruments exports skyrocketed to $5M in 2022. Overall, exports saw significant growth. The pace of growth was the most pronounced in 2021 when exports increased by 4,351%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the immediate term.

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

1. Spain (6.9K units)
2. Germany (2.2K units)
3. France (1.9K units)
4. Netherlands (1.7K units)
5. Portugal (1.2K units)
6. Greece (1.0K units)
7. Hungary (1.0K units)
8. Bulgaria (0.8K units)
9. Italy (0.7K units)
10. Denmark (0.6K units)
11. Austria (0.6K units)
12. Belgium (0.6K units)
13. Lithuania (0.5K units)

Source: IndexBox Market Intelligence Platform