Romania: Electrical Musical Instrument Market 2024

Electrical Musical Instrument Market Size in Romania

The Romanian electrical musical instrument market was finally on the rise to reach $X in 2022, after two years of decline. In general, consumption, however, recorded a slight downturn. Electrical musical instrument consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Electrical Musical Instrument Production in Romania

In value terms, electrical musical instrument production soared to $X in 2022 estimated in export price. In general, production, however, faced a deep downturn. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Electrical Musical Instrument Exports

Exports from Romania

In 2022, exports of electrical musical or keyboard instruments from Romania skyrocketed to X units, jumping by X% against 2021. Over the period under review, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, electrical musical instrument exports surged to $X in 2022. In general, exports saw a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Spain (X units) was the main destination for electrical musical instrument exports from Romania, accounting for a X% share of total exports. Moreover, electrical musical instrument exports to Spain exceeded the volume sent to the second major destination, Germany (X units), threefold. France (X units) ranked third in terms of total exports with an X% share.

From 2012 to 2022, the average annual growth rate of volume to Spain totaled X.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and France (X% per year).

In value terms, Germany ($X), Spain ($X) and France ($X) appeared to be the largest markets for electrical musical instrument exported from Romania worldwide, with a combined X% share of total exports. The Netherlands, Portugal, Denmark, Greece, Hungary, Bulgaria, Italy, Moldova, Austria and Belgium lagged somewhat behind, together accounting for a further X%.

The Netherlands, with a CAGR of X.5%, recorded the highest growth rate of the value of exports, among the main countries of destination 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, falling by X% against the previous year. In general, the export price showed a abrupt downturn. 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 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per unit), while the average price for exports to Spain ($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 the Netherlands (X%), while the prices for the other major destinations experienced more modest paces of growth.

Electrical Musical Instrument Imports

Imports into Romania

In 2022, supplies from abroad of electrical musical or keyboard instruments increased by X% to X units, rising for the seventh year in a row after three years of decline. Over the period under review, imports recorded a buoyant increase. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, electrical musical instrument imports surged to $X in 2022. Overall, imports posted a buoyant increase. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, Germany (X units) constituted the largest electrical musical instrument supplier to Romania, accounting for a X% share of total imports. Moreover, electrical musical instrument imports from Germany exceeded the figures recorded by the second-largest supplier, China (X units), threefold. The third position in this ranking was taken by Belgium (X units), with a X% share.

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

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

From 2012 to 2022, the average annual growth rate of value from Germany amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and Belgium (X% per year).

Import Prices by Country

The average electrical musical instrument import price stood at $X per unit in 2022, falling by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The growth pace was the most rapid in 2013 an increase of X% against the previous year. The import price peaked at $X per unit in 2019; however, from 2020 to 2022, import prices remained at a 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 Spain ($X per unit), while the price for China ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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