Price for Keyboard Electrical Musical Instruments, Other than Accordions in Venezuela - 2022
Contents:
- Price for Keyboard Electrical Musical Instruments, Other than Accordions in Venezuela (CIF) - 2022
- Price for Keyboard Electrical Musical Instruments, Other than Accordions in Venezuela (FOB) - 2022
- Imports of Keyboard Electrical Musical Instruments, Other than Accordions in Venezuela
- Exports of Keyboard Electrical Musical Instruments, Other than Accordions in Venezuela
Price for Keyboard Electrical Musical Instruments, Other than Accordions in Venezuela (CIF) - 2022
In 2022, the average import price for keyboard electrical musical instruments, other than accordionses amounted to $284 per unit, which is down by -4.1% against the previous year. Overall, the import price showed a deep slump. The pace of growth was the most pronounced in 2013 when the average import price increased by 26% against the previous year. As a result, import price reached the peak level of $658 per unit. From 2014 to 2022, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($791 per unit), while the price for Canada ($9 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Costa Rica (+28.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Keyboard Electrical Musical Instruments, Other than Accordions in Venezuela (FOB) - 2022
In 2022, the average export price for keyboard electrical musical instruments, other than accordionses amounted to $353 per unit, increasing by 31% against the previous year. Over the period under review, the export price recorded a significant increase. The growth pace was the most rapid in 2014 when the average export price increased by 419% against the previous year. The export price peaked at $438 per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($1,527 per unit), while the average price for exports to Costa Rica ($3 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 the United States (+74.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Keyboard Electrical Musical Instruments, Other than Accordions in Venezuela
In 2022, imports of keyboard electrical musical instruments, other than accordionses into Venezuela fell rapidly to 39 units, which is down by -15.2% compared with the year before. Over the period under review, imports saw a abrupt shrinkage. The growth pace was the most rapid in 2021 when imports increased by 44% against the previous year. Imports peaked at 71 units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, imports of keyboard electrical musical instruments, other than accordionses dropped dramatically to $11K in 2022. Overall, imports recorded a dramatic contraction. The smallest decline of -15.8% was in 2021. Over the period under review, imports of hit record highs at $40K in 2019; however, from 2020 to 2022, imports remained at a lower figure.
| Import of Keyboard Electrical Musical Instruments, Other than Accordions in Venezuela (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Panama | 24.2 | 5.9 | 4.7 | 4.2 | -44.2% |
| Japan | 0.9 | 1.0 | 1.0 | 1.6 | 21.1% |
| China | 4.7 | 1.8 | 1.5 | 1.5 | -31.7% |
| United States | 6.0 | 3.7 | 2.2 | 1.1 | -43.2% |
| Hong Kong SAR | 1.5 | 1.3 | 1.1 | 1.1 | -9.8% |
| Colombia | 1.9 | 1.2 | 0.8 | 0.6 | -31.9% |
| Costa Rica | 0.3 | 0.5 | 0.4 | 0.4 | 10.1% |
| Barbados | 0.4 | 0.4 | 0.3 | 0.3 | -9.1% |
| Canada | N/A | N/A | N/A | N/A | 0% |
| Others | 0.4 | 0.4 | 1.5 | 0.4 | 0.0% |
| Total | 40.3 | 16.2 | 13.6 | 11.1 | -34.9% |
Top Suppliers of Keyboard Electrical Musical Instruments, Other than Accordions to Venezuela in 2022:
- China (20.0 units)
- Panama (8.0 units)
- United States (2.0 units)
- Hong Kong SAR (2.0 units)
- Japan (2.0 units)
- Canada (1.0 units)
- Costa Rica (1.0 units)
- Colombia (1.0 units)
- Barbados (1.0 units)
Exports of Keyboard Electrical Musical Instruments, Other than Accordions in Venezuela
In 2022, overseas shipments of keyboard electrical musical instruments, other than accordionses decreased by -23.1% to 10 units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, total exports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +7.7% 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 +25.0% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 44% against the previous year. As a result, the exports reached the peak of 13 units, and then reduced markedly in the following year.
In value terms, exports of keyboard electrical musical instruments, other than accordionses totaled $3.5K in 2022. Overall, exports, however, recorded significant growth. The growth pace was the most rapid in 2020 with an increase of 56% against the previous year. The exports peaked in 2022 and are likely to continue growth in the near future.
| Export of Keyboard Electrical Musical Instruments, Other than Accordions in Venezuela (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 645 | 1,085 | 1,413 | 1,527 | 33.3% |
| Panama | 489 | 772 | 942 | 955 | 25.0% |
| Germany | 115 | 249 | 649 | 588 | 72.3% |
| Chile | 175 | 240 | 256 | 226 | 8.9% |
| Spain | 133 | 196 | 224 | 212 | 16.8% |
| Guatemala | 23.0 | 29.0 | 27.0 | 21.0 | -3.0% |
| Costa Rica | 3.0 | 4.0 | 4.0 | 3.0 | 0.0% |
| Ecuador | 67.0 | N/A | N/A | N/A | 0% |
| Others | N/A | 7.0 | N/A | N/A | 0% |
| Total | 1,650 | 2,582 | 3,515 | 3,532 | 28.9% |
Top Export Markets for Keyboard Electrical Musical Instruments, Other than Accordions from Venezuela in 2022:
- Germany (3.0 units)
- Panama (2.0 units)
- Costa Rica (1.0 units)
- United States (1.0 units)
- Guatemala (1.0 units)
- Chile (1.0 units)
- Spain (1.0 units)
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This report provides an in-depth analysis of the electrical musical instrument market in Venezuela.
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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 Venezuela.
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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.
