Price for Keyboard Electrical Musical Instruments, Other than Accordions in Spain - 2023
Contents:
- Price for Keyboard Electrical Musical Instruments, Other than Accordions in Spain (CIF) - 2022
- Price for Keyboard Electrical Musical Instruments, Other than Accordions in Spain (FOB) - 2023
- Imports of Keyboard Electrical Musical Instruments, Other than Accordions in Spain
- Exports of Keyboard Electrical Musical Instruments, Other than Accordions in Spain
Price for Keyboard Electrical Musical Instruments, Other than Accordions in Spain (CIF) - 2022
The average import price for keyboard electrical musical instruments, other than accordionses stood at $411 per unit in 2022, surging by 42% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2016 an increase of 46%. Over the period under review, average import prices reached the peak figure at $1,997 per unit in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Indonesia ($691 per unit), while the price for Vietnam ($97 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+10.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Keyboard Electrical Musical Instruments, Other than Accordions in Spain (FOB) - 2023
In December 2023, the average export price for keyboard electrical musical instruments, other than accordionses amounted to $143 per unit, increasing by 14% against the previous month. Overall, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in January 2023 an increase of 156% against the previous month. The export price peaked at $446 per unit in March 2023; however, from April 2023 to December 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In December 2023, the country with the highest price was the UK ($452 per unit), while the average price for exports to Sweden ($87.2 per unit) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+22.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Keyboard Electrical Musical Instruments, Other than Accordions in Spain
After three years of growth, supplies from abroad of keyboard electrical musical instruments, other than accordionses decreased by -44% to 63K units in 2022. Overall, imports, however, showed significant growth. The growth pace was the most rapid in 2020 when imports increased by 251%. Imports peaked at 113K units in 2021, and then fell markedly in the following year.
In value terms, imports of keyboard electrical musical instruments, other than accordionses fell significantly to $26M in 2022. The total import value increased at an average annual rate of +1.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 26% against the previous year. Imports peaked at $33M in 2021, and then dropped dramatically in the following year.
| Import of Keyboard Electrical Musical Instruments, Other than Accordions in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 0.2 | 7.8 | 7.4 | 7.5 | 234.7% |
| Germany | 7.4 | 10.5 | 9.7 | 6.4 | -4.7% |
| China | 8.4 | 4.9 | 7.5 | 4.7 | -17.6% |
| Indonesia | 4.5 | 4.0 | 3.7 | 3.4 | -8.9% |
| Belgium | 0.2 | 0.5 | 0.9 | 1.1 | 76.5% |
| Italy | 0.7 | 1.1 | 1.0 | 1.0 | 12.6% |
| Vietnam | 0.3 | 0.2 | 0.3 | 0.1 | -30.7% |
| Others | 3.5 | 2.7 | 2.3 | 1.9 | -18.4% |
| Total | 25.1 | 31.7 | 32.9 | 26.1 | 1.3% |
Top Suppliers of Keyboard Electrical Musical Instruments, Other than Accordions to Spain in 2022:
- China (25.6K units)
- Germany (12.2K units)
- France (11.6K units)
- Indonesia (5.0K units)
- Italy (1.9K units)
- Belgium (1.9K units)
- Vietnam (1.1K units)
Exports of Keyboard Electrical Musical Instruments, Other than Accordions in Spain
In 2022, after three years of growth, there was significant decline in shipments abroad of keyboard electrical musical instruments, other than accordionses, when their volume decreased by -39.3% to 18K units. Over the period under review, exports, however, continue to indicate significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 101%. Over the period under review, the exports of hit record highs at 30K units in 2021, and then reduced sharply in the following year.
In value terms, exports of keyboard electrical musical instruments, other than accordionses dropped markedly to $4.6M in 2022. Overall, exports, however, showed a buoyant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 55% against the previous year. The exports peaked at $8.5M in 2021, and then fell significantly in the following year.
| Export of Keyboard Electrical Musical Instruments, Other than Accordions in Spain (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 432 | 641 | 3,195 | 1,714 | 58.3% |
| Portugal | 597 | 919 | 1,183 | 853 | 12.6% |
| Singapore | 945 | 1,119 | 1,251 | 508 | -18.7% |
| France | 540 | 1,128 | 1,015 | 275 | -20.1% |
| United Kingdom | 228 | 459 | 77.0 | 271 | 5.9% |
| Germany | 637 | 993 | 927 | 244 | -27.4% |
| United States | 20.3 | 85.8 | 152 | 220 | 121.3% |
| United Arab Emirates | 0.3 | 0.3 | 108 | 187 | 754.2% |
| Poland | 7.2 | 20.0 | 160 | 33.5 | 66.9% |
| Others | 271 | 339 | 442 | 276 | 0.6% |
| Total | 3,678 | 5,704 | 8,510 | 4,581 | 7.6% |
Top Export Markets for Keyboard Electrical Musical Instruments, Other than Accordions from Spain in 2022:
- Italy (7.2K units)
- Portugal (3.4K units)
- Singapore (1.5K units)
- France (1.4K units)
- Germany (1.3K units)
- United Kingdom (1.0K units)
- United States (0.6K units)
- United Arab Emirates (0.4K units)
- Poland (0.3K units)
368
This report provides an in-depth analysis of the electrical musical instrument market in Spain.
481
This report provides an in-depth analysis of the global electrical musical instrument market.
368
This report provides an in-depth analysis of the electrical musical instrument market in Spain.
481
This report provides an in-depth analysis of the global electrical musical instrument market.
202
Discover the top import markets for electrical musical instruments in 2023. Learn about the key countries driving the global trade of musical instruments.
202
Discover the top import markets for electrical musical instruments in 2023. Learn about the key countries driving the global trade of musical instruments.
