Price for Keyboard Electrical Musical Instruments, Other than Accordions in Belgium - 2023

Contents:

1. Price for Keyboard Electrical Musical Instruments, Other than Accordions in Belgium (FOB) - 2023
2. Price for Keyboard Electrical Musical Instruments, Other than Accordions in Belgium (CIF) - 2023
3. Exports of Keyboard Electrical Musical Instruments, Other than Accordions in Belgium
4. Imports of Keyboard Electrical Musical Instruments, Other than Accordions in Belgium

Price for Keyboard Electrical Musical Instruments, Other than Accordions in Belgium (FOB) - 2023

The average export price for keyboard electrical musical instruments, other than accordionses stood at $260 per unit in December 2023, declining by -49.3% against the previous month. Overall, the export price showed a abrupt curtailment. The pace of growth was the most pronounced in January 2023 an increase of 28% month-to-month. Over the period under review, the average export prices hit record highs at $774 per unit in April 2023; however, from May 2023 to December 2023, the export prices remained at a lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was the United States ($6,603 per unit), while the average price for exports to Hong Kong SAR ($48.2 per unit) was amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (+150.6%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Keyboard Electrical Musical Instruments, Other than Accordions in Belgium (CIF) - 2023

In December 2023, the average import price for keyboard electrical musical instruments, other than accordionses amounted to $445 per unit, approximately mirroring the previous month. Over the period under review, the import price, however, continues to indicate a slight descent. The most prominent rate of growth was recorded in November 2023 an increase of 74% against the previous month. Over the period under review, average import prices reached the peak figure at $573 per unit in January 2023; however, from February 2023 to December 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was Malaysia ($839 per unit), while the price for China totaled $308 per unit.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Malaysia (+1.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Exports of Keyboard Electrical Musical Instruments, Other than Accordions in Belgium

In 2022, shipments abroad of keyboard electrical musical instruments, other than accordionses decreased by -8.1% to 100K units, falling for the second year in a row after two years of growth. Over the period under review, exports, however, continue to indicate significant growth. The growth pace was the most rapid in 2020 when exports increased by 3,756% against the previous year. As a result, the exports reached the peak of 111K units. From 2021 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of keyboard electrical musical instruments, other than accordionses reduced to $63M in 2022. In general, exports, however, recorded significant growth. The pace of growth appeared the most rapid in 2020 when exports increased by 3,045% against the previous year. Over the period under review, the exports of attained the maximum at $68M in 2021, and then reduced in the following year.

Top Export Markets for Keyboard Electrical Musical Instruments, Other than Accordions from Belgium in 2022:

1. Germany (32.1K units)
2. France (15.3K units)
3. Netherlands (9.9K units)
4. Spain (6.7K units)
5. Italy (5.6K units)
6. Poland (4.9K units)
7. Sweden (4.2K units)
8. Portugal (2.7K units)
9. Czech Republic (2.6K units)
10. Denmark (2.3K units)
11. Hungary (1.7K units)
12. Turkey (1.6K units)
13. Austria (1.6K units)

Imports of Keyboard Electrical Musical Instruments, Other than Accordions in Belgium

In 2022, purchases abroad of keyboard electrical musical instruments, other than accordionses decreased by -29.3% to 116K units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, enjoyed a significant increase. The growth pace was the most rapid in 2020 when imports increased by 467% against the previous year. Imports peaked at 164K units in 2021, and then shrank sharply in the following year.

In value terms, imports of keyboard electrical musical instruments, other than accordionses fell notably to $54M in 2022. In general, imports, however, posted significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 631%. Over the period under review, imports of attained the maximum at $74M in 2021, and then shrank markedly in the following year.

Top Suppliers of Keyboard Electrical Musical Instruments, Other than Accordions to Belgium in 2022:

1. Malaysia (60.0K units)
2. China (42.8K units)
3. Germany (4.3K units)
4. France (2.3K units)
5. Indonesia (2.1K units)
6. Netherlands (1.8K units)

Source: IndexBox Market Intelligence Platform