Price for Keyboard Electrical Musical Instruments, Other than Accordions in Singapore - 2023
Contents:
- Price for Keyboard Electrical Musical Instruments, Other than Accordions in Singapore (CIF) - 2022
- Price for Keyboard Electrical Musical Instruments, Other than Accordions in Singapore (FOB) - 2022
- Imports of Keyboard Electrical Musical Instruments, Other than Accordions in Singapore
- Exports of Keyboard Electrical Musical Instruments, Other than Accordions in Singapore
Price for Keyboard Electrical Musical Instruments, Other than Accordions in Singapore (CIF) - 2022
In 2022, the average import price for keyboard electrical musical instruments, other than accordionses amounted to $203 per unit, rising by 6.9% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.0%. The pace of growth appeared the most rapid in 2016 when the average import price increased by 21% against the previous year. Over the period under review, average import prices attained the peak figure at $254 per unit in 2018; however, from 2019 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Indonesia ($642 per unit), while the price for India ($64 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+8.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Keyboard Electrical Musical Instruments, Other than Accordions in Singapore (FOB) - 2022
In 2022, the average export price for keyboard electrical musical instruments, other than accordionses amounted to $133 per unit, waning by -21.7% against the previous year. Overall, the export price recorded a perceptible descent. The most prominent rate of growth was recorded in 2017 an increase of 27%. The export price peaked at $217 per unit in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Nigeria ($603 per unit), while the average price for exports to Bangladesh ($52 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 (+18.4%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Keyboard Electrical Musical Instruments, Other than Accordions in Singapore
In 2022, purchases abroad of keyboard electrical musical instruments, other than accordionses decreased by -1.4% to 27K units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, posted a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 86%. As a result, imports reached the peak of 28K units, and then dropped slightly in the following year.
In value terms, imports of keyboard electrical musical instruments, other than accordionses rose significantly to $5.6M in 2022. Overall, imports, however, showed significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 69%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the immediate term.
| Import of Keyboard Electrical Musical Instruments, Other than Accordions in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,819 | 1,374 | 2,618 | 2,498 | 11.2% |
| Indonesia | 445 | 870 | 908 | 1,202 | 39.3% |
| Malaysia | 533 | 573 | 1,251 | 939 | 20.8% |
| India | 24.0 | 15.8 | 110 | 399 | 155.2% |
| Japan | 70.5 | 39.8 | 11.2 | 64.1 | -3.1% |
| Others | 182 | 241 | 378 | 455 | 35.7% |
| Total | 3,074 | 3,114 | 5,277 | 5,558 | 21.8% |
Top Suppliers of Keyboard Electrical Musical Instruments, Other than Accordions to Singapore in 2022:
- China (16.4K units)
- India (6.2K units)
- Indonesia (1.9K units)
- Malaysia (1.8K units)
- Japan (0.4K units)
Exports of Keyboard Electrical Musical Instruments, Other than Accordions in Singapore
For the fourth consecutive year, Singapore recorded growth in shipments abroad of keyboard electrical musical instruments, other than accordionses, which increased by 7.3% to 25K units in 2022. Overall, exports showed a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 54%. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, exports of keyboard electrical musical instruments, other than accordionses contracted notably to $3.4M in 2022. Over the period under review, total exports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +11.7% 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 +39.2% against 2019 indices. The pace of growth was the most pronounced in 2021 when exports increased by 54%. As a result, the exports attained the peak of $4M, and then dropped significantly in the following year.
| Export of Keyboard Electrical Musical Instruments, Other than Accordions in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Philippines | 1,029 | 1,203 | 1,751 | 1,243 | 6.5% |
| United Arab Emirates | 212 | 361 | 1,030 | 924 | 63.3% |
| Malaysia | 381 | 424 | 473 | 389 | 0.7% |
| Myanmar | 300 | 103 | 126 | 36.1 | -50.6% |
| Bangladesh | 136 | 82.9 | 77.1 | 34.8 | -36.5% |
| Indonesia | 70.1 | 121 | 174 | 30.7 | -24.1% |
| Mongolia | 49.9 | 51.5 | 77.2 | 15.4 | -32.4% |
| Others | 256 | 277 | 327 | 715 | 40.8% |
| Total | 2,434 | 2,624 | 4,034 | 3,388 | 11.7% |
Top Export Markets for Keyboard Electrical Musical Instruments, Other than Accordions from Singapore in 2022:
- Philippines (12.2K units)
- United Arab Emirates (6.9K units)
- Malaysia (2.5K units)
- Bangladesh (0.7K units)
- Myanmar (0.3K units)
- Mongolia (0.3K units)
- Indonesia (0.1K units)
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This report provides an in-depth analysis of the electrical musical instrument market in Singapore.
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This report provides an in-depth analysis of the global electrical musical instrument market.
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This report provides an in-depth analysis of the electrical musical instrument market in Singapore.
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This report provides an in-depth analysis of the global electrical musical instrument market.
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Discover the top import markets for electrical musical instruments in 2023. Learn about the key countries driving the global trade of musical instruments.
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Discover the top import markets for electrical musical instruments in 2023. Learn about the key countries driving the global trade of musical instruments.
