Price for Keyboard Electrical Musical Instruments, Other than Accordions in Bulgaria - 2023
Contents:
- Price for Keyboard Electrical Musical Instruments, Other than Accordions in Bulgaria (CIF) - 2022
- Price for Keyboard Electrical Musical Instruments, Other than Accordions in Bulgaria (FOB) - 2022
- Imports of Keyboard Electrical Musical Instruments, Other than Accordions in Bulgaria
- Exports of Keyboard Electrical Musical Instruments, Other than Accordions in Bulgaria
Price for Keyboard Electrical Musical Instruments, Other than Accordions in Bulgaria (CIF) - 2022
The average import price for keyboard electrical musical instruments, other than accordionses stood at $334 per unit in 2022, growing by 13% against the previous year. In general, the import price, however, saw a perceptible setback. The pace of growth was the most pronounced in 2014 when the average import price increased by 24% against the previous year. As a result, import price attained the peak level of $475 per unit. From 2015 to 2022, the average import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($1,287 per unit), while the price for Hong Kong SAR ($200 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+15.4%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Keyboard Electrical Musical Instruments, Other than Accordions in Bulgaria (FOB) - 2022
In 2022, the average export price for keyboard electrical musical instruments, other than accordionses amounted to $438 per unit, rising by 61% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The export price peaked at $625 per unit in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Azerbaijan ($658 per unit), while the average price for exports to Georgia ($145 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 Greece (+3.7%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Keyboard Electrical Musical Instruments, Other than Accordions in Bulgaria
Imports of keyboard electrical musical instruments, other than accordionses into Bulgaria reached 4.7K units in 2022, with an increase of 10% against 2021. The total import volume increased at an average annual rate of +8.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 21%. Over the period under review, imports of hit record highs in 2022 and are likely to see steady growth in years to come.
In value terms, imports of keyboard electrical musical instruments, other than accordionses surged to $1.6M in 2022. Overall, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +8.8% 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 +52.1% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Keyboard Electrical Musical Instruments, Other than Accordions in Bulgaria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 475 | 522 | 686 | 828 | 20.3% |
| Slovenia | N/A | N/A | 183 | 190 | 3.8% |
| China | 86.5 | 47.0 | 91.1 | 168 | 24.8% |
| Italy | 300 | 185 | 85.9 | 148 | -21.0% |
| Belgium | 69.9 | 32.8 | 115 | 115 | 18.1% |
| Hong Kong SAR | 3.8 | 4.5 | 3.7 | 75.3 | 170.6% |
| Austria | 208 | 208 | 79.0 | 6.0 | -69.3% |
| Others | 76.2 | 33.3 | 13.9 | 38.1 | -20.6% |
| Total | 1,220 | 1,032 | 1,259 | 1,569 | 8.7% |
Top Suppliers of Keyboard Electrical Musical Instruments, Other than Accordions to Bulgaria in 2022:
- Germany (2475.0 units)
- China (820.0 units)
- Slovenia (616.0 units)
- Hong Kong SAR (377.0 units)
- Belgium (229.0 units)
- Italy (115.0 units)
- Austria (7.0 units)
Exports of Keyboard Electrical Musical Instruments, Other than Accordions in Bulgaria
For the fourth year in a row, Bulgaria recorded growth in shipments abroad of keyboard electrical musical instruments, other than accordionses, which increased by 45% to 827 units in 2022. Overall, exports recorded a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 278%. Over the period under review, the exports of hit record highs in 2022 and are likely to continue growth in years to come.
In value terms, exports of keyboard electrical musical instruments, other than accordionses soared to $362K in 2022. In general, exports showed a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 253% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the immediate term.
| Export of Keyboard Electrical Musical Instruments, Other than Accordions in Bulgaria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | N/A | 5.1 | 90.2 | 151 | 444.1% |
| Azerbaijan | 3.4 | 0.3 | 14.6 | 133 | 239.5% |
| Romania | 6.2 | 2.0 | 3.3 | 32.7 | 74.1% |
| Greece | 1.5 | 30.8 | 42.8 | 18.3 | 130.2% |
| Georgia | 6.7 | 2.7 | 2.7 | 11.9 | 21.1% |
| Serbia | 7.0 | 45.2 | N/A | N/A | 545.7% |
| Others | N/A | 1.1 | 1.4 | 15.2 | 271.7% |
| Total | 24.7 | 87.1 | 155 | 362 | 144.7% |
Top Export Markets for Keyboard Electrical Musical Instruments, Other than Accordions from Bulgaria in 2022:
- Germany (335.0 units)
- Azerbaijan (202.0 units)
- Greece (103.0 units)
- Georgia (82.0 units)
- Romania (80.0 units)
237
This report provides an in-depth analysis of the electrical musical instrument market in Bulgaria.
478
This report provides an in-depth analysis of the global electrical musical instrument market.
237
This report provides an in-depth analysis of the electrical musical instrument market in Bulgaria.
478
This report provides an in-depth analysis of the global electrical musical instrument market.
174
Discover the top import markets for electrical musical instruments in 2023. Learn about the key countries driving the global trade of musical instruments.
174
Discover the top import markets for electrical musical instruments in 2023. Learn about the key countries driving the global trade of musical instruments.
