Price for Keyboard Electrical Musical Instruments, Other than Accordions in Vietnam - 2022
Contents:
- Price for Keyboard Electrical Musical Instruments, Other than Accordions in Vietnam (CIF) - 2022
- Price for Keyboard Electrical Musical Instruments, Other than Accordions in Vietnam (FOB) - 2022
- Imports of Keyboard Electrical Musical Instruments, Other than Accordions in Vietnam
- Exports of Keyboard Electrical Musical Instruments, Other than Accordions in Vietnam
Price for Keyboard Electrical Musical Instruments, Other than Accordions in Vietnam (CIF) - 2022
The average import price for keyboard electrical musical instruments, other than accordionses stood at $532 per unit in 2022, increasing by 19% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The import price peaked at $580 per unit in 2014; however, from 2015 to 2022, 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 Indonesia ($533 per unit), while the price for Hong Kong SAR ($346 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+8.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Keyboard Electrical Musical Instruments, Other than Accordions in Vietnam (FOB) - 2022
The average export price for keyboard electrical musical instruments, other than accordionses stood at $428 per unit in 2022, with an increase of 8.9% against the previous year. In general, the export price showed a moderate expansion. The pace of growth appeared the most rapid in 2017 an increase of 129%. The export price peaked at $695 per unit in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($907 per unit), while the average price for exports to China ($186 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 (+23.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Keyboard Electrical Musical Instruments, Other than Accordions in Vietnam
In 2022, approx. 14K units of keyboard electrical musical instruments, other than accordionses were imported into Vietnam; waning by -32.8% on the previous year's figure. Over the period under review, imports recorded a deep slump. The most prominent rate of growth was recorded in 2021 with an increase of 23%. As a result, imports attained the peak of 21K units, and then declined significantly in the following year.
In value terms, imports of keyboard electrical musical instruments, other than accordionses contracted rapidly to $7.4M in 2022. In general, imports saw a abrupt descent. The growth pace was the most rapid in 2021 with an increase of 19%. As a result, imports reached the peak of $9.3M, and then declined sharply in the following year.
| Import of Keyboard Electrical Musical Instruments, Other than Accordions in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 4.5 | 5.1 | 5.7 | 3.6 | -7.2% |
| Indonesia | 2.6 | 1.0 | 1.8 | 2.3 | -4.0% |
| Malaysia | 1.0 | 0.6 | 0.9 | 0.7 | -11.2% |
| Japan | 1.1 | 0.8 | 0.7 | 0.5 | -23.1% |
| Others | 0.1 | 0.2 | 0.2 | 0.3 | 44.2% |
| Total | 9.2 | 7.8 | 9.3 | 7.4 | -7.0% |
Top Suppliers of Keyboard Electrical Musical Instruments, Other than Accordions to Vietnam in 2022:
- China (6.7K units)
- Indonesia (4.3K units)
- Malaysia (1.4K units)
- Japan (1.0K units)
Exports of Keyboard Electrical Musical Instruments, Other than Accordions in Vietnam
In 2022, the amount of keyboard electrical musical instruments, other than accordionses exported from Vietnam reached 2K units, growing by 1.8% against 2021 figures. In general, exports showed a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 234%. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, exports of keyboard electrical musical instruments, other than accordionses amounted to $871K in 2022. Over the period under review, exports showed a resilient increase. The pace of growth appeared the most rapid in 2021 when exports increased by 133%. The exports peaked in 2022 and are expected to retain growth in the immediate term.
| Export of Keyboard Electrical Musical Instruments, Other than Accordions in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 61.3 | 16.4 | 101 | 129 | 28.1% |
| Japan | 50.2 | 24.2 | 43.4 | 89.7 | 21.3% |
| China | 4.7 | 19.9 | 4.2 | 66.1 | 141.4% |
| Slovakia | N/A | 11.7 | 41.2 | 52.1 | 111.0% |
| Czech Republic | 47.2 | 37.5 | 59.4 | 42.9 | -3.1% |
| Poland | 66.2 | 21.8 | 70.6 | 40.8 | -14.9% |
| Switzerland | 14.3 | 14.6 | 23.6 | 36.6 | 36.8% |
| Russia | 10.3 | 4.1 | 5.2 | 31.8 | 45.6% |
| Norway | 29.8 | 19.6 | 28.7 | 23.7 | -7.4% |
| Finland | 32.3 | 21.9 | 22.1 | 22.6 | -11.2% |
| Portugal | 11.8 | 18.1 | 44.7 | 19.7 | 18.6% |
| Argentina | 30.8 | 22.7 | 56.1 | 18.0 | -16.4% |
| Colombia | N/A | 3.8 | 13.0 | 17.8 | 116.4% |
| Others | 245 | 101 | 273 | 280 | 4.6% |
| Total | 604 | 338 | 786 | 871 | 13.0% |
Top Export Markets for Keyboard Electrical Musical Instruments, Other than Accordions from Vietnam in 2022:
- China (356.0 units)
- Czech Republic (230.0 units)
- Poland (161.0 units)
- United States (142.0 units)
- Russia (108.0 units)
- Slovakia (106.0 units)
- Finland (104.0 units)
- Japan (99.0 units)
- Portugal (91.0 units)
- Argentina (64.0 units)
- Switzerland (56.0 units)
- Norway (55.0 units)
- Colombia (52.0 units)
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This report provides an in-depth analysis of the electrical musical instrument market in Vietnam.
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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 Vietnam.
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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.
