Price for Keyboard Electrical Musical Instruments, Other than Accordions in Malaysia - 2024
Contents:
- Price for Keyboard Electrical Musical Instruments, Other than Accordions in Malaysia (FOB) - 2022
- Price for Keyboard Electrical Musical Instruments, Other than Accordions in Malaysia (CIF) - 2022
- Exports of Keyboard Electrical Musical Instruments, Other than Accordions in Malaysia
- Imports of Keyboard Electrical Musical Instruments, Other than Accordions in Malaysia
Price for Keyboard Electrical Musical Instruments, Other than Accordions in Malaysia (FOB) - 2022
In 2022, the average export price for keyboard electrical musical instruments, other than accordionses amounted to $399 per unit, picking up by 8.2% against the previous year. Over the period under review, the export price, however, recorded a pronounced contraction. The growth pace was the most rapid in 2013 an increase of 43%. As a result, the export price attained the peak level of $788 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 overseas markets. In 2022, amid the top suppliers, the country with the highest price was Australia ($569 per unit), while the average price for exports to Panama ($136 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 Canada (+7.4%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Keyboard Electrical Musical Instruments, Other than Accordions in Malaysia (CIF) - 2022
In 2022, the average import price for keyboard electrical musical instruments, other than accordionses amounted to $173 per unit, surging by 30% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. Over the period under review, average import prices reached the maximum at $202 per unit in 2015; however, from 2016 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 ($479 per unit), while the price for India ($105 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+6.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Keyboard Electrical Musical Instruments, Other than Accordions in Malaysia
For the fourth consecutive year, Malaysia recorded growth in shipments abroad of keyboard electrical musical instruments, other than accordionses, which increased by 12% to 438K units in 2022. The total export volume increased at an average annual rate of +12.8% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 16% against the previous year. Over the period under review, the exports of attained the peak figure in 2022 and are expected to retain growth in the immediate term.
In value terms, exports of keyboard electrical musical instruments, other than accordionses skyrocketed to $175M in 2022. Overall, total exports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +13.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +46.3% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Keyboard Electrical Musical Instruments, Other than Accordions in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 19.8 | 19.8 | 27.4 | 39.6 | 26.0% |
| Belgium | 31.6 | 37.8 | 42.4 | 38.2 | 6.5% |
| Japan | 15.1 | 13.0 | 13.2 | 19.7 | 9.3% |
| China | 12.7 | 16.1 | 12.8 | 13.2 | 1.3% |
| Canada | 4.4 | 5.0 | 6.2 | 8.6 | 25.0% |
| Australia | 4.7 | 4.6 | 5.1 | 7.9 | 18.9% |
| India | 3.3 | 2.3 | 4.6 | 6.7 | 26.6% |
| South Korea | 1.7 | 2.3 | 5.2 | 6.2 | 53.9% |
| Taiwan (Chinese) | 2.4 | 2.6 | 3.2 | 4.9 | 26.9% |
| Singapore | 3.4 | 2.7 | 3.8 | 3.5 | 1.0% |
| Philippines | 2.4 | 1.3 | 2.5 | 3.2 | 10.1% |
| Mexico | 0.8 | 0.6 | 0.9 | 1.5 | 23.3% |
| Panama | 0.1 | 0.2 | 0.1 | 1.4 | 141.0% |
| Others | 17.1 | 12.1 | 16.2 | 20.1 | 5.5% |
| Total | 119 | 120 | 144 | 175 | 13.7% |
Top Export Markets for Keyboard Electrical Musical Instruments, Other than Accordions from Malaysia in 2022:
- United States (88.8K units)
- Belgium (73.7K units)
- Japan (40.1K units)
- China (35.6K units)
- India (17.6K units)
- Philippines (16.9K units)
- Canada (16.2K units)
- South Korea (14.4K units)
- Australia (14.0K units)
- Taiwan (Chinese) (13.7K units)
- Mexico (10.8K units)
- Singapore (10.2K units)
- Panama (10.2K units)
Imports of Keyboard Electrical Musical Instruments, Other than Accordions in Malaysia
Imports of keyboard electrical musical instruments, other than accordionses into Malaysia soared to 142K units in 2022, with an increase of 16% compared with 2021 figures. The total import volume increased at an average annual rate of +7.0% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of keyboard electrical musical instruments, other than accordionses surged to $24M in 2022. Over the period under review, imports recorded a strong expansion. 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 Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 7.0 | 7.2 | 8.9 | 9.4 | 10.3% |
| Indonesia | 5.2 | 3.7 | 4.9 | 8.4 | 17.3% |
| India | 0.9 | 0.6 | 1.1 | 5.8 | 86.1% |
| Hong Kong SAR | 1.3 | N/A | 0.2 | 0.1 | -57.5% |
| Others | 0.4 | 0.7 | 0.9 | 0.9 | 31.0% |
| Total | 14.8 | 12.1 | 16.1 | 24.5 | 18.3% |
Top Suppliers of Keyboard Electrical Musical Instruments, Other than Accordions to Malaysia in 2022:
- China (68.3K units)
- India (54.6K units)
- Indonesia (17.5K units)
- Hong Kong SAR (0.5K units)
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