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Myanmar - Electrical Musical Or Keyboard Instruments - Market Analysis, Forecast, Size, Trends And Insights
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View PricingElectrical Musical Instrument Price in Myanmar - 2022
Contents:
- Electrical Musical Instrument Price in Myanmar (CIF) - 2022
- Electrical Musical Instrument Price in Myanmar (FOB) - 2022
- Electrical Musical Instrument Imports in Myanmar
- Electrical Musical Instrument Exports in Myanmar
Electrical Musical Instrument Price in Myanmar (CIF) - 2022
In 2022, the average electrical musical instrument import price amounted to $60 per unit, jumping by 32% against the previous year. Over the period under review, the import price, however, showed a abrupt setback. The most prominent rate of growth was recorded in 2018 when the average import price increased by 60% against the previous year. The import price peaked at $160 per unit in 2013; however, from 2014 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($310 per unit), while the price for Thailand ($7.6 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+7.5%), while the prices for the other major suppliers experienced a decline.
Electrical Musical Instrument Price in Myanmar (FOB) - 2022
The average electrical musical instrument export price stood at $20 per unit in 2022, remaining constant against the previous year. In general, the export price, however, recorded a significant decrease. The export price peaked at $139 per unit in 2018; however, from 2019 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 Thailand ($42 per unit), while the average price for exports to Nepal stood at $2.8 per unit.
From 2018 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (-31.1%).
Electrical Musical Instrument Imports in Myanmar
In 2022, approx. 3.1K units of electrical musical or keyboard instruments were imported into Myanmar; shrinking by -57.5% compared with 2021 figures. In general, imports saw a precipitous descent. The smallest decline of -31.8% was in 2020. Imports peaked at 18K units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, electrical musical instrument imports fell rapidly to $187K in 2022. Over the period under review, imports showed a significant decrease. The smallest decline of -20% was in 2020. Imports peaked at $643K in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
Import of Electrical Musical Instrument in Myanmar (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Indonesia | 237 | 138 | 62.2 | 72.6 | -32.6% |
China | 316 | 291 | 200 | 66.1 | -40.6% |
Japan | 22.9 | 20.6 | 20.9 | 17.7 | -8.2% |
India | 0.4 | 0.4 | 7.5 | 17.4 | 251.7% |
Malaysia | 14.4 | 20.4 | 3.2 | 11.4 | -7.5% |
Thailand | 2.3 | 3.8 | 2.1 | 1.9 | -6.2% |
Singapore | 15.7 | 18.7 | 20.9 | 0.1 | -81.5% |
Others | 34.7 | 22.6 | 16.2 | 0.3 | -79.5% |
Total | 643 | 515 | 333 | 187 | -33.7% |
Top Suppliers of Electrical Musical Instrument to Myanmar in 2022:
- China (1498.0 units)
- Indonesia (866.0 units)
- India (328.0 units)
- Thailand (249.0 units)
- Malaysia (119.0 units)
- Japan (57.0 units)
- Singapore (4.0 units)
Electrical Musical Instrument Exports in Myanmar
In 2022, overseas shipments of electrical musical or keyboard instruments decreased by -49.9% to 977 units for the first time since 2019, thus ending a two-year rising trend. In general, exports, however, showed a significant increase. The pace of growth was the most pronounced in 2021 when exports increased by 48,650%. As a result, the exports attained the peak of 1.9K units, and then dropped rapidly in the following year.
In value terms, electrical musical instrument exports shrank rapidly to $20K in 2022. Overall, exports, however, recorded a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 44,745% against the previous year. As a result, the exports attained the peak of $40K, and then shrank significantly in the following year.
Export of Electrical Musical Instrument in Myanmar (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
Thailand | N/A | N/A | 18.5 | 0% | |
Nepal | N/A | N/A | 1.5 | 0% | |
New Zealand | N/A | 33.7 | N/A | 0% | |
Ethiopia | N/A | 6.3 | N/A | 0% | |
Others | 0.1 | N/A | N/A | 0% | |
Total | 0.1 | 39.9 | 20.0 | 1314.2% |
Top Export Markets for Electrical Musical Instrument from Myanmar in 2022:
- Nepal (534.0 units)
- Thailand (443.0 units)
This report provides an in-depth analysis of the electrical musical instrument market in Myanmar. 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:
- Myanmar
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Myanmar
- 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 Myanmar.
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 Myanmar.
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.