Vietnam - Electrical Musical Or Keyboard Instruments - Market Analysis, Forecast, Size, Trends And Insights
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View PricingElectrical Musical Instrument Price in Vietnam - 2022
Contents:
- Electrical Musical Instrument Price in Vietnam (CIF) - 2022
- Electrical Musical Instrument Price in Vietnam (FOB) - 2022
- Electrical Musical Instrument Imports in Vietnam
- Electrical Musical Instrument Exports in Vietnam
Electrical Musical Instrument Price in Vietnam (CIF) - 2022
In 2022, the average electrical musical instrument import price amounted to $446 per unit, stabilizing at the previous year. Over the period under review, the import price, however, recorded a pronounced setback. The growth pace was the most rapid in 2018 when the average import price increased by 16% against the previous year. Over the period under review, average import prices hit record highs at $593 per unit in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Japan ($454 per unit) and Malaysia ($453 per unit), while the price for Mexico ($370 per unit) and Indonesia ($444 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+9.7%), while the prices for the other major suppliers experienced a decline.
Electrical Musical Instrument Price in Vietnam (FOB) - 2022
The average electrical musical instrument export price stood at $465 per unit in December 2022, with an increase of 2.4% against the previous month. Overall, the export price, however, showed a noticeable decrease. The growth pace was the most rapid in May 2022 an increase of 13% against the previous month. The export price peaked at $796 per unit in December 2021; however, from January 2022 to December 2022, the export prices remained at a lower figure.
Average prices varied noticeably for the major foreign markets. In December 2022, the country with the highest price was South Korea ($494 per unit), while the average price for exports to Japan ($437 per unit) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to Poland (0.0%), while the prices for the other major destinations experienced mixed trend patterns.
Electrical Musical Instrument Imports in Vietnam
In 2022, electrical musical instrument imports into Vietnam contracted to 21K units, declining by -8.2% compared with the previous year. Over the period under review, imports saw a deep reduction. The most prominent rate of growth was recorded in 2021 when imports increased by 20%. Imports peaked at 25K units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, electrical musical instrument imports shrank to $9.4M in 2022. In general, imports saw a perceptible decline. The pace of growth appeared the most rapid in 2021 when imports increased by 17%. Imports peaked at $11M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
Import of Electrical Musical Instrument in Vietnam (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 5.0 | 5.6 | 6.0 | 5.5 | 3.2% |
Indonesia | 3.0 | 1.2 | 2.1 | 1.9 | -14.1% |
Malaysia | 1.0 | 0.6 | 0.9 | 0.8 | -7.2% |
Japan | 1.2 | 0.8 | 0.8 | 0.8 | -12.6% |
Mexico | 0.3 | 0.1 | 0.1 | 0.1 | -30.7% |
Others | 0.3 | 0.3 | 0.2 | 0.2 | -12.6% |
Total | 10.8 | 8.6 | 10.1 | 9.4 | -4.5% |
Top Suppliers of Electrical Musical Instrument to Vietnam in 2022:
- China (12.3K units)
- Indonesia (4.2K units)
- Japan (1.8K units)
- Malaysia (1.7K units)
- Mexico (0.4K units)
Electrical Musical Instrument Exports in Vietnam
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 -15% to 12K units. In general, exports, however, recorded significant growth. The pace of growth appeared the most rapid in 2020 when exports increased by 48%. The exports peaked at 14K units in 2021, and then declined in the following year.
In value terms, electrical musical instrument exports contracted to $6M in 2022. Overall, total exports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +13.9% 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 +47.8% against 2019 indices. The growth pace was the most rapid in 2020 when exports increased by 40% against the previous year. The exports peaked at $6.3M in 2021, and then dropped in the following year.
Export of Electrical Musical Instrument in Vietnam (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United Arab Emirates | 1.3 | 4.6 | 3.9 | 5,428 | 1510.3% |
United States | 646 | 1,514 | 3,863 | 143 | -39.5% |
Germany | 1,416 | 2,653 | 946 | 72.9 | -62.8% |
United Kingdom | 603 | 1,025 | 760 | 15.0 | -70.8% |
South Korea | 682 | 57.7 | 51.9 | 0.1 | -94.7% |
Others | 706 | 410 | 688 | 329 | -22.5% |
Total | 4,053 | 5,663 | 6,314 | 5,989 | 13.9% |
Top Export Markets for Electrical Musical Instrument from Vietnam in 2022:
- United Kingdom (undefinedK units)
- South Korea (undefinedK units)
- United Arab Emirates (10.6K units)
- United States (0.3K units)
- Germany (0.2K units)
This report provides an in-depth analysis of the electrical musical instrument market in Vietnam. 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:
- Vietnam
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Vietnam
- 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 Vietnam.
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 Vietnam.
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.