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Ecuador - Electrical Musical Or Keyboard Instruments - Market Analysis, Forecast, Size, Trends And Insights
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View PricingElectrical Musical Instrument Price in Ecuador - 2022
Contents:
- Electrical Musical Instrument Price in Ecuador (CIF) - 2022
- Electrical Musical Instrument Price in Ecuador (FOB) - 2022
- Electrical Musical Instrument Imports in Ecuador
- Electrical Musical Instrument Exports in Ecuador
Electrical Musical Instrument Price in Ecuador (CIF) - 2022
In January 2022, the average electrical musical instrument import price amounted to $236 per unit, jumping by 90% against the previous month. In general, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in November 2021 an increase of 228% month-to-month. As a result, import price attained the peak level of $367 per unit. From December 2021 to January 2022, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was China ($288 per unit), while the price for Argentina ($103 per unit) was amongst the lowest.
From January 2021 to January 2022, the most notable rate of growth in terms of prices was attained by China (+1.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Electrical Musical Instrument Price in Ecuador (FOB) - 2022
The average electrical musical instrument export price stood at $2 per unit in 2022, which is down by -97.4% against the previous year. Overall, the export price showed a dramatic decrease. The growth pace was the most rapid in 2018 an increase of 2,530% against the previous year. Over the period under review, the average export prices hit record highs at $132 per unit in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Panama.
From 2012 to 2022, the rate of growth in terms of prices for Costa Rica amounted to +2.7% per year.
Electrical Musical Instrument Imports in Ecuador
In 2022, approx. 15K units of electrical musical or keyboard instruments were imported into Ecuador; with an increase of 63% against 2021 figures. Over the period under review, imports, however, recorded a noticeable slump. The pace of growth was the most pronounced in 2021 with an increase of 97% against the previous year. Imports peaked at 16K units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, electrical musical instrument imports surged to $3.2M in 2022. Overall, imports saw a strong increase. The growth pace was the most rapid in 2021 when imports increased by 95%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the immediate term.
Import of Electrical Musical Instrument in Ecuador (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 1,263 | 431 | 1,534 | 1,826 | 13.1% |
Indonesia | 546 | 369 | 107 | 837 | 15.3% |
United States | 162 | 38.8 | 65.5 | 184 | 4.3% |
India | 2.5 | 1.8 | 45.1 | 167 | 305.8% |
Others | 253 | 110 | 107 | 205 | -6.8% |
Total | 2,227 | 952 | 1,858 | 3,218 | 13.1% |
Top Suppliers of Electrical Musical Instrument to Ecuador in 2022:
- China (7.1K units)
- Indonesia (5.6K units)
- United States (1.4K units)
- India (0.3K units)
Electrical Musical Instrument Exports in Ecuador
In 2022, the amount of electrical musical or keyboard instruments exported from Ecuador shrank remarkably to 2 units, with a decrease of -50% on the previous year's figure. In general, exports continue to indicate a dramatic decline. Over the period under review, the exports attained the peak figure at 4 units in 2021, and then contracted notably in the following year.
In value terms, electrical musical instrument exports reduced remarkably to $4 in 2022. Overall, exports faced a significant curtailment. The most prominent rate of growth was recorded in 2020 when exports increased by 253% against the previous year. As a result, the exports attained the peak of $371. From 2021 to 2022, the growth of the exports remained at a lower figure.
Export of Electrical Musical Instrument in Ecuador (USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Panama | N/A | N/A | N/A | 4.0 | 0% |
Spain | 43.0 | 112 | 115 | N/A | 63.5% |
Dominican Republic | 22.0 | 48.0 | 31.0 | N/A | 18.7% |
Guatemala | 19.0 | 59.0 | 58.0 | N/A | 74.7% |
Costa Rica | 21.0 | 152 | 100 | N/A | 118.2% |
Others | N/A | N/A | N/A | N/A | 0% |
Total | 105 | 371 | 304 | 4.0 | -66.4% |
Top Export Markets for Electrical Musical Instrument from Ecuador in 2022:
- Panama (1.0 units)
This report provides an in-depth analysis of the electrical musical instrument market in Ecuador. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 32201400 - Musical or keyboard instruments, the sound of which is produced, or must be amplified, electrically
Country coverage:
- Ecuador
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Ecuador
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the electrical musical instrument market in Ecuador.
This report provides an in-depth analysis of the global electrical musical instrument market.
This report provides an in-depth analysis of the electrical musical instrument market in Ecuador.
This report provides an in-depth analysis of the global electrical musical instrument market.
Discover the top import markets for electrical musical instruments in 2023. Learn about the key countries driving the global trade of musical instruments.
Discover the top import markets for electrical musical instruments in 2023. Learn about the key countries driving the global trade of musical instruments.