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Spain - Electrical Musical Or Keyboard Instruments - Market Analysis, Forecast, Size, Trends And Insights
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View PricingElectrical Musical Instrument Price in Spain - 2023
Contents:
- Electrical Musical Instrument Price in Spain (CIF) - 2023
- Electrical Musical Instrument Price in Spain (FOB) - 2022
- Electrical Musical Instrument Imports in Spain
- Electrical Musical Instrument Exports in Spain
Electrical Musical Instrument Price in Spain (CIF) - 2023
In August 2023, the average electrical musical instrument import price amounted to $447 per unit, dropping by -5.1% against the previous month. In general, import price indicated slight growth from August 2022 to August 2023: its price increased at an average monthly rate of +1.4% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on August 2023 figures, electrical musical instrument import price decreased by -20.9% against March 2023 indices. The growth pace was the most rapid in January 2023 an increase of 47% month-to-month. The import price peaked at $564 per unit in March 2023; however, from April 2023 to August 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Italy ($765 per unit), while the price for Slovenia ($184 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 Italy (+7.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Electrical Musical Instrument Price in Spain (FOB) - 2022
The average electrical musical instrument export price stood at $277 per unit in 2022, with an increase of 5.7% against the previous year. Overall, the export price, however, recorded a mild slump. The most prominent rate of growth was recorded in 2017 an increase of 15%. Over the period under review, the average export prices attained the maximum at $328 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 the United States ($656 per unit), while the average price for exports to Italy ($187 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 France (+10.1%), while the prices for the other major destinations experienced more modest paces of growth.
Electrical Musical Instrument Imports in Spain
After three years of growth, overseas purchases of electrical musical or keyboard instruments decreased by -2.9% to 270K units in 2022. In general, imports, however, showed a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 129% against the previous year. Over the period under review, imports reached the peak figure at 278K units in 2021, and then dropped in the following year.
In value terms, electrical musical instrument imports fell modestly to $59M in 2022. The total import value increased at an average annual rate of +10.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 21% against the previous year. Imports peaked at $60M in 2021, and then dropped in the following year.
Import of Electrical Musical Instrument in Spain (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | 10.5 | 17.0 | 15.6 | 13.4 | 8.5% |
Indonesia | 6.6 | 6.7 | 8.1 | 10.8 | 17.8% |
Netherlands | 5.8 | 6.2 | 8.1 | 9.6 | 18.3% |
France | 0.5 | 8.8 | 8.8 | 8.6 | 158.1% |
China | 10.5 | 6.4 | 10.4 | 7.7 | -9.8% |
United States | 2.0 | 0.8 | 1.9 | 2.2 | 3.2% |
Italy | 1.8 | 1.5 | 1.5 | 1.4 | -8.0% |
Others | 5.9 | 5.2 | 5.9 | 5.2 | -4.1% |
Total | 43.5 | 52.7 | 60.3 | 58.8 | 10.6% |
Top Suppliers of Electrical Musical Instrument to Spain in 2022:
- China (87.8K units)
- Germany (48.8K units)
- Netherlands (38.9K units)
- Indonesia (31.7K units)
- France (28.7K units)
- United States (8.9K units)
- Italy (6.6K units)
Electrical Musical Instrument Exports in Spain
In 2022, after three years of growth, there was significant decline in shipments abroad of electrical musical or keyboard instruments, when their volume decreased by -27.8% to 45K units. Overall, exports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 71%. Over the period under review, the exports attained the peak figure at 62K units in 2021, and then dropped sharply in the following year.
In value terms, electrical musical instrument exports reduced sharply to $12M in 2022. Over the period under review, exports, however, saw a strong expansion. The most prominent rate of growth was recorded in 2020 with an increase of 61%. Over the period under review, the exports attained the maximum at $16M in 2021, and then dropped dramatically in the following year.
Export of Electrical Musical Instrument in Spain (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Italy | 0.8 | 1.3 | 4.3 | 3.1 | 57.1% |
United States | 1.1 | 2.6 | 2.6 | 2.6 | 33.2% |
Portugal | 0.8 | 1.2 | 1.7 | 1.5 | 23.3% |
France | 1.5 | 1.8 | 2.4 | 1.3 | -4.7% |
Indonesia | N/A | N/A | 0.1 | 0.7 | 600.0% |
United Kingdom | 0.4 | 0.8 | 0.4 | 0.6 | 14.5% |
Singapore | 1.0 | 1.2 | 1.3 | 0.5 | -20.6% |
Germany | 0.7 | 1.1 | 1.1 | 0.3 | -24.6% |
Others | 1.0 | 1.7 | 2.4 | 1.9 | 23.9% |
Total | 7.3 | 11.7 | 16.3 | 12.5 | 19.6% |
Top Export Markets for Electrical Musical Instrument from Spain in 2022:
- Italy (16.6K units)
- Portugal (5.7K units)
- United States (4.0K units)
- France (3.6K units)
- United Kingdom (3.0K units)
- Indonesia (2.9K units)
- Singapore (2.3K units)
- Germany (1.2K units)
This report provides an in-depth analysis of the electrical musical instrument market in Spain. 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:
- Spain
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Spain
- 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
-
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 Spain.
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 Spain.
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.