Netherlands: Keyboard Stringed Instrument Market 2024

Keyboard Stringed Instrument Market Size in the Netherlands

The Dutch keyboard stringed instrument market dropped to $X in 2022, with a decrease of -13.2% against the previous year. Over the period under review, consumption showed a slight setback. Over the period under review, the market reached the maximum level at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Keyboard Stringed Instrument Production in the Netherlands

In value terms, keyboard stringed instrument production shrank slightly to $X in 2022 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of 8.6%. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

Keyboard Stringed Instrument Exports

Exports from the Netherlands

In 2022, approx. X units of keyboard stringed instruments were exported from the Netherlands; picking up by 146% compared with 2021 figures. In general, exports recorded a significant increase. The growth pace was the most rapid in 2020 when exports increased by 887% against the previous year. As a result, the exports attained the peak of X units. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, keyboard stringed instrument exports declined notably to $X in 2022. Over the period under review, exports, however, recorded a mild slump. The most prominent rate of growth was recorded in 2013 when exports increased by 197% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

France (X units) was the main destination for keyboard stringed instrument exports from the Netherlands, accounting for a 63% share of total exports. Moreover, keyboard stringed instrument exports to France exceeded the volume sent to the second major destination, the UK (X units), more than tenfold. The third position in this ranking was held by the United States (X units), with a 4.9% share.

From 2012 to 2022, the average annual growth rate of volume to France totaled +86.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (-36.4% per year) and the United States (+8.0% per year).

In value terms, the United States ($X) emerged as the key foreign market for keyboard stringed instruments exports from the Netherlands, comprising 41% of total exports. The second position in the ranking was taken by Norway ($X), with a 14% share of total exports. It was followed by Switzerland, with a 13% share.

From 2012 to 2022, the average annual growth rate of value to the United States amounted to +12.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (+5.4% per year) and Switzerland (+17.7% per year).

Export Prices by Country

In 2022, the average keyboard stringed instrument export price amounted to $X per unit, shrinking by -65.9% against the previous year. Overall, the export price showed a sharp downturn. The pace of growth appeared the most rapid in 2019 when the average export price increased by 110%. Over the period under review, the average export prices attained the peak figure at $X per unit in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to France ($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 Latvia (+1,235.8%), while the prices for the other major destinations experienced mixed trend patterns.

Keyboard Stringed Instrument Imports

Imports into the Netherlands

In 2022, supplies from abroad of keyboard stringed instruments decreased by -61% to X units, falling for the second year in a row after two years of growth. Overall, imports, however, showed a slight increase. The pace of growth was the most pronounced in 2016 when imports increased by 844%. Imports peaked at X units in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, keyboard stringed instrument imports fell remarkably to $X in 2022. Over the period under review, imports, however, showed a resilient expansion. The most prominent rate of growth was recorded in 2016 when imports increased by 349%. Over the period under review, imports hit record highs at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest keyboard stringed instrument supplier to the Netherlands, accounting for a 48% share of total imports. Moreover, keyboard stringed instrument imports from China exceeded the figures recorded by the second-largest supplier, Hong Kong SAR (X units), threefold. The United States (X units) ranked third in terms of total imports with a 13% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +2.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (+21.9% per year) and the United States (+11.6% per year).

In value terms, Hong Kong SAR ($X) constituted the largest supplier of keyboard stringed instruments to the Netherlands, comprising 42% of total imports. The second position in the ranking was taken by the United States ($X), with a 21% share of total imports. It was followed by the UK, with a 15% share.

From 2012 to 2022, the average annual growth rate of value from Hong Kong SAR stood at +55.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+15.3% per year) and the UK (+61.9% per year).

Import Prices by Country

In 2022, the average keyboard stringed instrument import price amounted to $X per unit, surging by 72% against the previous year. Over the period under review, the import price continues to indicate a prominent increase. The growth pace was the most rapid in 2018 when the average import price increased by 186% against the previous year. The import price peaked in 2022 and is expected to retain growth in the immediate term.

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 Hong Kong SAR ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+23.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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