Price for Keyboard Electrical Musical Instruments, Other than Accordions in Colombia - 2022

Contents:

1. Price for Keyboard Electrical Musical Instruments, Other than Accordions in Colombia (CIF) - 2022
2. Price for Keyboard Electrical Musical Instruments, Other than Accordions in Colombia (FOB) - 2022
3. Imports of Keyboard Electrical Musical Instruments, Other than Accordions in Colombia
4. Exports of Keyboard Electrical Musical Instruments, Other than Accordions in Colombia

Price for Keyboard Electrical Musical Instruments, Other than Accordions in Colombia (CIF) - 2022

In 2022, the average import price for keyboard electrical musical instruments, other than accordionses amounted to $140 per unit, picking up by 19% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average import price increased by 52%. The import price peaked at $160 per unit in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Indonesia ($951 per unit), while the price for India ($39 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+3.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Keyboard Electrical Musical Instruments, Other than Accordions in Colombia (FOB) - 2022

The average export price for keyboard electrical musical instruments, other than accordionses stood at $319 per unit in 2022, falling by -12.9% against the previous year. Over the period under review, the export price, however, saw a measured increase. The growth pace was the most rapid in 2013 when the average export price increased by 407% against the previous year. As a result, the export price attained the peak level of $1,218 per unit. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($389 per unit), while the average price for exports to Guatemala ($66 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 Jamaica (+291.2%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, the amount of keyboard electrical musical instruments, other than accordionses imported into Colombia reduced to 39K units, with a decrease of -5.2% against the year before. The total import volume increased at an average annual rate of +2.6% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 20%. As a result, imports reached the peak of 41K units, and then dropped in the following year.

In value terms, imports of keyboard electrical musical instruments, other than accordionses rose rapidly to $5.5M in 2022. The total import value increased at an average annual rate of +3.9% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

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

1. China (27.1K units)
2. India (9.9K units)
3. Indonesia (0.7K units)

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

In 2022, the amount of keyboard electrical musical instruments, other than accordionses exported from Colombia soared to 10 units, increasing by 150% compared with 2021. In general, exports showed buoyant growth. The pace of growth appeared the most rapid in 2020 when exports increased by 217%. As a result, the exports reached the peak of 19 units. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of keyboard electrical musical instruments, other than accordionses skyrocketed to $3.2K in 2022. Overall, exports, however, recorded a perceptible slump. The growth pace was the most rapid in 2020 when exports increased by 199% against the previous year. As a result, the exports reached the peak of $11K. From 2021 to 2022, the growth of the exports of remained at a lower figure.

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

1. Germany (4.0 units)
2. Chile (2.0 units)
3. Costa Rica (1.0 units)
4. Guatemala (1.0 units)
5. Thailand (1.0 units)
6. Spain (1.0 units)

Source: IndexBox Market Intelligence Platform