Malaysia - Electrical Musical Or Keyboard Instruments - Market Analysis, Forecast, Size, Trends And Insights
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View PricingElectrical Musical Instrument Price in Malaysia - 2021
Contents:
- Electrical Musical Instrument Price in Malaysia (FOB) - 2021
- Electrical Musical Instrument Price in Malaysia (CIF) - 2021
- Electrical Musical Instrument Exports in Malaysia
- Electrical Musical Instrument Imports in Malaysia
Electrical Musical Instrument Price in Malaysia (FOB) - 2021
In December 2021, the average electrical musical instrument export price amounted to $696 per unit, stabilizing at the previous month. Over the period from December 2020 to December 2021, it increased at an average monthly rate of +3.1%. The pace of growth was the most pronounced in January 2021 when the average export price increased by 48% m-o-m. The export price peaked at $722 per unit in July 2021; however, from August 2021 to December 2021, the export prices stood at a somewhat lower figure.
Average prices varied noticeably for the major export markets. In December 2021, the countries with the highest prices were the United States ($731 per unit) and Australia ($700 per unit), while the average price for exports to Japan ($662 per unit) and Canada ($669 per unit) were amongst the lowest.
From December 2020 to December 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+3.6%), while the prices for the other major destinations experienced more modest paces of growth.
Electrical Musical Instrument Price in Malaysia (CIF) - 2021
The average electrical musical instrument import price stood at $462 per unit in December 2021, with a decrease of -2.6% against the previous month. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in January 2021 an increase of 6.5% m-o-m. Over the period under review, average import prices reached the maximum at $475 per unit in November 2021, and then declined modestly in the following month.
Average prices varied noticeably amongst the major supplying countries. In December 2021, the highest price was recorded for prices from Japan ($534 per unit) and China ($471 per unit), while the price for India ($446 per unit) and Indonesia ($453 per unit) were amongst the lowest.
From December 2020 to December 2021, the most notable rate of growth in terms of prices was attained by Japan (+1.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Electrical Musical Instrument Exports in Malaysia
After three years of growth, shipments abroad of electrical musical or keyboard instruments decreased by -0.6% to 572K units in 2022. The total export volume increased at an average annual rate of +8.3% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 15% against the previous year. As a result, the exports reached the peak of 576K units, leveling off in the following year.
In value terms, electrical musical instrument exports expanded sharply to $245M in 2022. The total export value increased at an average annual rate of +12.1% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when exports increased by 18%. The exports peaked in 2022 and are likely to see gradual growth in the near future.
Export of Electrical Musical Instrument in Malaysia (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 35.3 | 38.7 | 54.3 | 58.9 | 18.6% |
Belgium | 46.9 | 61.2 | 62.6 | 57.7 | 7.2% |
Japan | 18.8 | 17.4 | 15.6 | 22.6 | 6.3% |
China | 17.3 | 17.0 | 16.1 | 17.6 | 0.6% |
Australia | 7.5 | 8.5 | 10.2 | 14.0 | 23.1% |
Canada | 6.5 | 7.2 | 9.4 | 11.8 | 22.0% |
India | 5.5 | 3.6 | 6.7 | 9.7 | 20.8% |
South Korea | 2.6 | 4.1 | 6.6 | 7.8 | 44.2% |
Taiwan (Chinese) | 3.2 | 3.4 | 4.7 | 6.1 | 24.0% |
Singapore | 4.0 | 3.3 | 4.7 | 4.6 | 4.8% |
United Arab Emirates | 0.1 | 0.2 | 0.9 | 4.1 | 244.8% |
Hong Kong SAR | 3.2 | 3.1 | 3.9 | 4.1 | 8.6% |
Philippines | 3.1 | 1.7 | 2.9 | 3.5 | 4.1% |
Others | 19.9 | 13.2 | 17.4 | 22.5 | 4.2% |
Total | 174 | 183 | 216 | 245 | 12.1% |
Top Export Markets for Electrical Musical Instrument from Malaysia in 2022:
- United States (129.8K units)
- Belgium (127.0K units)
- Japan (58.0K units)
- China (39.1K units)
- Australia (30.4K units)
- Canada (26.2K units)
- India (21.4K units)
- South Korea (17.5K units)
- Philippines (17.1K units)
- Taiwan (Chinese) (13.6K units)
- Singapore (13.6K units)
- United Arab Emirates (9.3K units)
- Hong Kong SAR (8.9K units)
Electrical Musical Instrument Imports in Malaysia
In 2022, the amount of electrical musical or keyboard instruments imported into Malaysia skyrocketed to 316K units, growing by 24% against the year before. Overall, imports showed significant growth. The growth pace was the most rapid in 2021 when imports increased by 41% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in years to come.
In value terms, electrical musical instrument imports expanded notably to $33M in 2022. In general, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +18.1% 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 +64.9% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 44%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the near future.
Import of Electrical Musical Instrument in Malaysia (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 9.8 | 12.8 | 16.7 | 15.3 | 16.0% |
Indonesia | 6.2 | 5.7 | 8.4 | 10.0 | 17.3% |
India | 0.9 | 0.8 | 1.6 | 5.8 | 86.1% |
Others | 3.1 | 1.3 | 3.0 | 2.0 | -13.6% |
Total | 20.0 | 20.6 | 29.7 | 33.1 | 18.3% |
Top Suppliers of Electrical Musical Instrument to Malaysia in 2022:
- China (171.4K units)
- India (120.5K units)
- Indonesia (19.4K units)
This report provides an in-depth analysis of the electrical musical instrument market in Malaysia. 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:
- Malaysia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Malaysia
- 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 Malaysia.
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 Malaysia.
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.