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

Contents:

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

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

The average import price for keyboard electrical musical instruments, other than accordionses stood at $532 per unit in 2022, surging by 11% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average import price increased by 26% against the previous year. As a result, import price attained the peak level of $659 per unit. From 2014 to 2022, the average import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Indonesia ($536 per unit) and the United States ($533 per unit), while the price for Japan ($520 per unit) and Germany ($528 per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+4.2%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average export price for keyboard electrical musical instruments, other than accordionses stood at $513 per unit in 2022, growing by 15% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 an increase of 468% against the previous year. The export price peaked at $526 per unit in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Togo ($593 per unit), while the average price for exports to Tanzania ($127 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 Benin (+4.4%), while the prices for the other major destinations experienced a decline.

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

For the third consecutive year, Nigeria recorded decline in supplies from abroad of keyboard electrical musical instruments, other than accordionses, which decreased by -33.2% to 846 units in 2022. In general, imports saw a sharp decrease. Imports peaked at 5.8K units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, imports of keyboard electrical musical instruments, other than accordionses fell dramatically to $450K in 2022. Overall, imports recorded a dramatic curtailment. Over the period under review, imports of reached the maximum at $2.4M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

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

1. China (619.0 units)
2. United States (146.0 units)
3. Indonesia (17.0 units)
4. Germany (16.0 units)

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

In 2022, after two years of decline, there was significant growth in shipments abroad of keyboard electrical musical instruments, other than accordionses, when their volume increased by 53% to 49 units. Over the period under review, exports, however, continue to indicate a deep reduction. The exports peaked at 66 units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, exports of keyboard electrical musical instruments, other than accordionses soared to $25K in 2022. In general, exports, however, showed a abrupt decrease. The exports peaked at $35K in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

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

1. Democratic Republic of the Congo (43.0 units)
2. Benin (2.0 units)
3. Angola (1.0 units)
4. Tanzania (1.0 units)
5. Togo (1.0 units)
6. Ireland (1.0 units)

Source: IndexBox Market Intelligence Platform