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

Contents:

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

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

The average import price for keyboard electrical musical instruments, other than accordionses stood at $339 per unit in 2022, picking up by 106% against the previous year. Overall, the import price, however, continues to indicate a noticeable contraction. Over the period under review, average import prices reached the maximum at $669 per unit in 2013; however, from 2014 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 the United Arab Emirates ($739 per unit), while the price for Uganda ($37 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+25.2%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average export price for keyboard electrical musical instruments, other than accordionses amounted to $102 per unit, reducing by -45.4% against the previous year. In general, the export price continues to indicate a deep contraction. The pace of growth appeared the most rapid in 2021 an increase of 2,002% against the previous year. Over the period under review, the average export prices hit record highs at $699 per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

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 Malawi ($581 per unit), while the average price for exports to Uzbekistan ($9 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 Malawi (+24.9%), while the prices for the other major destinations experienced a decline.

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

Imports of keyboard electrical musical instruments, other than accordionses into Tanzania shrank to 1.7K units in 2022, with a decrease of -14.9% against the previous year's figure. In general, total imports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +10.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +46.2% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 72%. As a result, imports attained the peak of 2K units, and then fell in the following year.

In value terms, imports of keyboard electrical musical instruments, other than accordionses surged to $591K in 2022. Overall, imports, however, showed a strong increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

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

1. China (457.0 units)
2. Uganda (440.0 units)
3. Indonesia (228.0 units)
4. India (183.0 units)
5. United Arab Emirates (177.0 units)
6. France (66.0 units)
7. Sweden (60.0 units)
8. Netherlands (13.0 units)
9. Switzerland (11.0 units)
10. Japan (1.0 units)

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

In 2022, approx. 12 units of keyboard electrical musical instruments, other than accordionses were exported from Tanzania; increasing by 9.1% compared with 2021. In general, total exports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +14.5% 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 +71.4% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 57%. The exports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, exports of keyboard electrical musical instruments, other than accordionses fell rapidly to $1.2K in 2022. Over the period under review, exports enjoyed significant growth. The pace of growth appeared the most rapid in 2021 when exports increased by 3,203%. As a result, the exports attained the peak of $2K, and then dropped significantly in the following year.

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

1. Ghana (1.0 units)
2. Canada (1.0 units)
3. Netherlands (1.0 units)
4. Italy (1.0 units)
5. Democratic Republic of the Congo (1.0 units)
6. Austria (1.0 units)
7. United States (1.0 units)
8. Uzbekistan (1.0 units)
9. Senegal (1.0 units)
10. Rwanda (1.0 units)
11. Kenya (1.0 units)
12. Malawi (1.0 units)

Source: IndexBox Market Intelligence Platform