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

Contents:

1. Price for Keyboard Electrical Musical Instruments, Other than Accordions in Slovakia (CIF) - 2023
2. Price for Keyboard Electrical Musical Instruments, Other than Accordions in Slovakia (FOB) - 2023
3. Imports of Keyboard Electrical Musical Instruments, Other than Accordions in Slovakia
4. Exports of Keyboard Electrical Musical Instruments, Other than Accordions in Slovakia

Price for Keyboard Electrical Musical Instruments, Other than Accordions in Slovakia (CIF) - 2023

The average import price for keyboard electrical musical instruments, other than accordionses stood at $419 per unit in December 2023, shrinking by -3% against the previous month. Overall, the import price recorded a slight decrease. The pace of growth appeared the most rapid in August 2023 an increase of 20% month-to-month. As a result, import price attained the peak level of $571 per unit. From September 2023 to December 2023, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was South Korea ($495 per unit), while the price for China totaled $250 per unit.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (+0.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Keyboard Electrical Musical Instruments, Other than Accordions in Slovakia (FOB) - 2023

In November 2023, the average export price for keyboard electrical musical instruments, other than accordionses amounted to $852 per unit, surging by 6.2% against the previous month. Over the last eleven months, it increased at an average monthly rate of +2.6%. The pace of growth was the most pronounced in January 2023 when the average export price increased by 38% m-o-m. Over the period under review, the average export prices reached the peak figure at $985 per unit in March 2023; however, from April 2023 to November 2023, the export prices remained at a lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Romania ($2,043 per unit), while the average price for exports to the Czech Republic ($599 per unit) was amongst the lowest.

From December 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+8.5%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, after three years of growth, there was significant decline in supplies from abroad of keyboard electrical musical instruments, other than accordionses, when their volume decreased by -55.8% to 15K units. In general, imports faced a abrupt setback. The pace of growth was the most pronounced in 2021 with an increase of 40% against the previous year. As a result, imports reached the peak of 35K units, and then declined markedly in the following year.

In value terms, imports of keyboard electrical musical instruments, other than accordionses fell sharply to $7.8M in 2022. Overall, imports, however, saw perceptible growth. The most prominent rate of growth was recorded in 2021 when imports increased by 78% against the previous year. As a result, imports attained the peak of $13M, and then shrank rapidly in the following year.

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

1. Austria (4.7K units)
2. Czech Republic (3.3K units)
3. Germany (1.7K units)
4. Belgium (1.5K units)
5. China (1.5K units)
6. Netherlands (1.4K units)
7. South Korea (0.3K units)

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

In 2022, shipments abroad of keyboard electrical musical instruments, other than accordionses decreased by -81.9% to 4.1K units for the first time since 2018, thus ending a three-year rising trend. In general, exports continue to indicate a precipitous setback. The pace of growth was the most pronounced in 2020 when exports increased by 17%. Over the period under review, the exports of reached the peak figure at 23K units in 2021, and then fell sharply in the following year.

In value terms, exports of keyboard electrical musical instruments, other than accordionses dropped rapidly to $2.4M in 2022. Overall, exports recorded a significant decrease. The pace of growth was the most pronounced in 2021 with an increase of 22% against the previous year. As a result, the exports attained the peak of $8.5M, and then shrank dramatically in the following year.

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

1. Czech Republic (2089.0 units)
2. Poland (618.0 units)
3. Hungary (430.0 units)
4. Romania (241.0 units)
5. Germany (188.0 units)
6. Bulgaria (145.0 units)
7. France (62.0 units)
8. Italy (61.0 units)
9. Slovenia (44.0 units)
10. Croatia (37.0 units)
11. United Kingdom (26.0 units)

Source: IndexBox Market Intelligence Platform