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

Contents:

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

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

In 2022, the average import price for keyboard electrical musical instruments, other than accordionses amounted to $380 per unit, declining by -5.7% against the previous year. In general, the import price showed a perceptible curtailment. The pace of growth was the most pronounced in 2018 when the average import price increased by 15%. The import price peaked at $616 per unit in 2012; however, from 2013 to 2022, import prices remained at a 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 South Korea ($1,346 per unit), while the price for Spain ($51 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+15.6%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average export price for keyboard electrical musical instruments, other than accordionses stood at $62 per unit in 2022, waning by -80.2% against the previous year. Overall, the export price showed a deep contraction. The pace of growth appeared the most rapid in 2021 when the average export price increased by 312%. The export price peaked at $382 per unit in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

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 Nigeria ($562 per unit), while the average price for exports to Italy ($1 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 Nigeria (+11.1%), while the prices for the other major destinations experienced a decline.

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

In 2022, purchases abroad of keyboard electrical musical instruments, other than accordionses decreased by -78.6% to 89 units, falling for the second year in a row after two years of growth. Over the period under review, imports saw a sharp decline. The most prominent rate of growth was recorded in 2020 with an increase of 52% against the previous year. As a result, imports attained the peak of 747 units. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of keyboard electrical musical instruments, other than accordionses contracted remarkably to $34K in 2022. Overall, imports recorded a dramatic decrease. The growth pace was the most rapid in 2020 with an increase of 4.5% against the previous year. As a result, imports reached the peak of $300K. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

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

1. United Arab Emirates (36.0 units)
2. Germany (8.0 units)
3. Netherlands (4.0 units)
4. China (3.0 units)
5. South Korea (3.0 units)
6. Spain (3.0 units)
7. United States (1.0 units)

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

In 2022, overseas shipments of keyboard electrical musical instruments, other than accordionses decreased by -52.4% to 20 units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, enjoyed pronounced growth. The pace of growth appeared the most rapid in 2021 with an increase of 121% against the previous year. As a result, the exports reached the peak of 42 units, and then declined remarkably in the following year.

In value terms, exports of keyboard electrical musical instruments, other than accordionses shrank rapidly to $1.2K in 2022. In general, exports, however, showed a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 810% against the previous year. As a result, the exports attained the peak of $13K, and then declined significantly in the following year.

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

1. Ghana (1.0 units)
2. Madagascar (1.0 units)
3. Italy (1.0 units)
4. Mali (1.0 units)
5. Saudi Arabia (1.0 units)
6. Rwanda (1.0 units)
7. Germany (1.0 units)
8. Angola (1.0 units)
9. China (1.0 units)
10. Belgium (1.0 units)
11. Kenya (1.0 units)
12. Nigeria (1.0 units)
13. Sierra Leone (1.0 units)

Source: IndexBox Market Intelligence Platform