Finland - Electrical Musical Or Keyboard Instruments - Market Analysis, Forecast, Size, Trends And Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingElectrical Musical Instrument Price in Finland - 2023
Contents:
- Electrical Musical Instrument Price in Finland (CIF) - 2023
- Electrical Musical Instrument Price in Finland (FOB) - 2022
- Electrical Musical Instrument Imports in Finland
- Electrical Musical Instrument Exports in Finland
Electrical Musical Instrument Price in Finland (CIF) - 2023
The average electrical musical instrument import price stood at $577 per unit in August 2023, with an increase of 11% against the previous month. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in April 2023 an increase of 28% month-to-month. As a result, import price reached the peak level of $721 per unit. From May 2023 to August 2023, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was Japan ($1,092 per unit), while the price for China ($231 per unit) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+53.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Electrical Musical Instrument Price in Finland (FOB) - 2022
The average electrical musical instrument export price stood at $732 per unit in 2022, surging by 2.5% against the previous year. Over the period under review, export price indicated strong growth from 2012 to 2022: its price increased at an average annual rate of +13.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, electrical musical instrument export price increased by +17.4% against 2020 indices. The growth pace was the most rapid in 2013 an increase of 137%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the near future.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Canada ($1,651 per unit), while the average price for exports to Latvia ($220 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 (+10.8%), while the prices for the other major destinations experienced more modest paces of growth.
Electrical Musical Instrument Imports in Finland
For the fourth year in a row, Finland recorded growth in supplies from abroad of electrical musical or keyboard instruments, which increased by 4% to 61K units in 2022. In general, total imports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +23.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +89.0% against 2019 indices. The growth pace was the most rapid in 2020 when imports increased by 52%. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, electrical musical instrument imports declined slightly to $18M in 2022. The total import value increased at an average annual rate of +6.9% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 19%. As a result, imports reached the peak of $19M, and then contracted slightly in the following year.
Import of Electrical Musical Instrument in Finland (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | 4.7 | 5.7 | 4.0 | 5.9 | 7.9% |
Sweden | 2.0 | 4.3 | 6.8 | 4.5 | 31.0% |
Netherlands | 0.3 | 1.5 | 2.1 | 2.1 | 91.3% |
Indonesia | 2.6 | 1.2 | 1.7 | 1.4 | -18.6% |
Japan | 0.5 | 0.4 | 0.5 | 0.8 | 17.0% |
United States | 1.2 | 0.5 | 0.7 | 0.7 | -16.4% |
Denmark | 0.5 | 0.5 | 0.7 | 0.6 | 6.3% |
Hong Kong SAR | 0.1 | N/A | N/A | 0.6 | 81.7% |
China | 1.5 | 0.7 | 1.3 | 0.4 | -35.6% |
Others | 1.6 | 1.1 | 1.1 | 1.4 | -4.4% |
Total | 15.1 | 16.0 | 19.0 | 18.5 | 7.0% |
Top Suppliers of Electrical Musical Instrument to Finland in 2022:
- Sweden (16.4K units)
- Germany (15.0K units)
- Netherlands (9.4K units)
- Indonesia (6.1K units)
- Hong Kong SAR (3.3K units)
- Denmark (2.5K units)
- China (2.3K units)
- Japan (1.5K units)
- United States (1.0K units)
Electrical Musical Instrument Exports in Finland
After three years of growth, shipments abroad of electrical musical or keyboard instruments decreased by -32% to 1.4K units in 2022. Overall, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by 38% against the previous year. As a result, the exports reached the peak of 2.1K units, and then fell dramatically in the following year.
In value terms, electrical musical instrument exports fell dramatically to $1M in 2022. Over the period under review, total exports indicated a tangible expansion from 2019 to 2022: its value increased at an average annual rate of +2.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +9.8% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 58%. As a result, the exports attained the peak of $1.5M, and then shrank sharply in the following year.
Export of Electrical Musical Instrument in Finland (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 108 | 130 | 313 | 258 | 33.7% |
United Kingdom | N/A | N/A | 249 | 155 | -37.8% |
Russia | 658 | 562 | 524 | 94.3 | -47.7% |
Kazakhstan | N/A | N/A | N/A | 75.3 | 0% |
Kyrgyzstan | N/A | N/A | N/A | 70.6 | 0% |
Norway | 48.4 | 45.8 | 95.6 | 65.9 | 10.8% |
Canada | 3.3 | 14.9 | 60.3 | 54.5 | 154.7% |
Lithuania | N/A | N/A | N/A | 43.6 | 0% |
Estonia | 6.0 | 14.0 | 37.2 | 41.2 | 90.1% |
Switzerland | 14.8 | 10.5 | 31.6 | 31.9 | 29.2% |
Latvia | 4.3 | 1.4 | 4.0 | 12.3 | 42.0% |
Tunisia | N/A | 10.5 | N/A | N/A | 0% |
Others | 107 | 155 | 172 | 134 | 7.8% |
Total | 950 | 944 | 1,487 | 1,037 | 3.0% |
Top Export Markets for Electrical Musical Instrument from Finland in 2022:
- United Kingdom (244.0 units)
- United States (194.0 units)
- Russia (182.0 units)
- Estonia (147.0 units)
- Kyrgyzstan (143.0 units)
- Norway (117.0 units)
- Kazakhstan (68.0 units)
- Lithuania (58.0 units)
- Latvia (56.0 units)
- Canada (33.0 units)
- Switzerland (27.0 units)
This report provides an in-depth analysis of the electrical musical instrument market in Finland. 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:
- Finland
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Finland
- 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.
-
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
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
-
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
-
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
-
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
-
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
-
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
-
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 Finland.
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 Finland.
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.