Price for Keyboard Electrical Musical Instruments, Other than Accordions in Thailand - 2024

Contents:

1. Price for Keyboard Electrical Musical Instruments, Other than Accordions in Thailand (CIF) - 2024
2. Price for Keyboard Electrical Musical Instruments, Other than Accordions in Thailand (FOB) - 2022
3. Imports of Keyboard Electrical Musical Instruments, Other than Accordions in Thailand
4. Exports of Keyboard Electrical Musical Instruments, Other than Accordions in Thailand

Price for Keyboard Electrical Musical Instruments, Other than Accordions in Thailand (CIF) - 2024

In January 2024, the average import price for keyboard electrical musical instruments, other than accordionses amounted to $205 per unit, declining by -23.4% against the previous month. Over the period under review, the import price showed a pronounced descent. The pace of growth was the most pronounced in July 2023 when the average import price increased by 40% month-to-month. Over the period under review, average import prices reached the peak figure at $334 per unit in February 2023; however, from March 2023 to January 2024, import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was Indonesia ($646 per unit), while the price for China ($152 per unit) was amongst the lowest.

From February 2023 to January 2024, the most notable rate of growth in terms of prices was attained by Indonesia (+1.8%), while the prices for the other major suppliers experienced a decline.

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

In 2022, the average export price for keyboard electrical musical instruments, other than accordionses amounted to $179 per unit, picking up by 162% against the previous year. Overall, the export price recorded resilient growth. The export price peaked at $251 per unit in 2015; however, from 2016 to 2022, the export prices remained at a 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 Lao People's Democratic Republic ($643 per unit), while the average price for exports to Comoros ($80 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 Australia (+62.0%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, the amount of keyboard electrical musical instruments, other than accordionses imported into Thailand dropped significantly to 17K units, with a decrease of -69.8% against the previous year. Overall, imports recorded a precipitous setback. The most prominent rate of growth was recorded in 2021 when imports increased by 10% against the previous year. As a result, imports reached the peak of 57K units, and then shrank rapidly in the following year.

In value terms, imports of keyboard electrical musical instruments, other than accordionses fell remarkably to $4.4M in 2022. In general, imports saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 when imports increased by 9.4% against the previous year. As a result, imports attained the peak of $6.6M, and then declined rapidly in the following year.

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

1. China (11.5K units)
2. Indonesia (3.3K units)
3. Malaysia (1.5K units)
4. India (0.4K units)

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

After three years of growth, shipments abroad of keyboard electrical musical instruments, other than accordionses decreased by -93.3% to 131 units in 2022. In general, exports continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2021 with an increase of 327% against the previous year. As a result, the exports attained the peak of 1.9K units, and then shrank remarkably in the following year.

In value terms, exports of keyboard electrical musical instruments, other than accordionses declined remarkably to $23K in 2022. Over the period under review, exports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 327% against the previous year. The exports peaked at $132K in 2021, and then contracted significantly in the following year.

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

1. Hong Kong SAR (76.0 units)
2. Japan (14.0 units)
3. Australia (9.0 units)
4. United States (6.0 units)
5. Maldives (5.0 units)
6. Comoros (5.0 units)
7. Singapore (3.0 units)
8. Lao People's Democratic Republic (2.0 units)
9. Cambodia (2.0 units)
10. Iraq (2.0 units)

Source: IndexBox Market Intelligence Platform