Greece: Electrical Musical Instrument Market 2024

Electrical Musical Instrument Market Size in Greece

After two years of growth, the Greek electrical musical instrument market decreased by X% to $X in 2022. In general, consumption, however, saw a prominent increase. Electrical musical instrument consumption peaked at $X in 2021, and then shrank in the following year.

Electrical Musical Instrument Exports

Exports from Greece

In 2022, exports of electrical musical or keyboard instruments from Greece expanded to X units, surging by X% against 2021. Overall, exports recorded resilient growth. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the near future.

In value terms, electrical musical instrument exports fell sharply to $X in 2022. Over the period under review, exports enjoyed a perceptible increase. The most prominent rate of growth was recorded in 2018 when exports increased by X%. The exports peaked at $X in 2021, and then reduced remarkably in the following year.

Exports by Country

Germany (X units), Cyprus (X units) and the United States (X units) were the main destinations of electrical musical instrument exports from Greece, together accounting for X% of total exports. Slovakia and Italy lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Slovakia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for electrical musical instrument exported from Greece were Germany ($X), Cyprus ($X) and the United States ($X), together comprising X% of total exports. Slovakia and Italy lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, Slovakia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average electrical musical instrument export price stood at $X per unit in 2022, declining by X% against the previous year. In general, the export price saw a noticeable decrease. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. The export price peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Slovakia ($X 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 Cyprus (X%), while the prices for the other major destinations experienced a decline.

Electrical Musical Instrument Imports

Imports into Greece

In 2022, after three years of growth, there was significant decline in overseas purchases of electrical musical or keyboard instruments, when their volume decreased by X% to X units. Over the period under review, imports, however, enjoyed strong growth. The growth pace was the most rapid in 2020 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at X units in 2021, and then reduced in the following year.

In value terms, electrical musical instrument imports reduced to $X in 2022. Overall, total imports indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X%. As a result, imports attained the peak of $X, and then fell in the following year.

Imports by Country

Germany (X units), China (X units) and the Netherlands (X units) were the main suppliers of electrical musical instrument imports to Greece, with a combined X% share of total imports. Belgium, Indonesia, Italy, Hong Kong SAR and the UK lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Belgium (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of electrical musical or keyboard instruments to Greece, comprising X% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a X% share of total imports. It was followed by China, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (X% per year) and China (X% per year).

Import Prices by Country

In 2022, the average electrical musical instrument import price amounted to $X per unit, surging by X% against the previous year. Over the period under review, the import price, however, showed a abrupt contraction. The most prominent rate of growth was recorded in 2018 when the average import price increased by X%. As a result, import price reached the peak level of $X per unit. From 2019 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 Italy ($X per unit), while the price for Hong Kong SAR ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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