Price for Musical Instruments; Parts and Accessories for Pianos in Costa Rica - 2022

Contents:

  1. Price for Musical Instruments; Parts and Accessories for Pianos in Costa Rica (FOB) - 2022
  2. Price for Musical Instruments; Parts and Accessories for Pianos in Costa Rica (CIF) - 2022
  3. Exports of Musical Instruments; Parts and Accessories for Pianos in Costa Rica
  4. Imports of Musical Instruments; Parts and Accessories for Pianos in Costa Rica

Price for Musical Instruments; Parts and Accessories for Pianos in Costa Rica (FOB) - 2022

The average export price for musical instruments; parts and accessories for pianoses stood at $42,024 per ton in 2022, with an increase of 14% against the previous year. Over the period under review, the export price continues to indicate a strong increase. The most prominent rate of growth was recorded in 2019 an increase of 85% against the previous year. The export price peaked in 2022 and is likely to continue growth in the near future.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +10.4% per year.

Price for Musical Instruments; Parts and Accessories for Pianos in Costa Rica (CIF) - 2022

The average import price for musical instruments; parts and accessories for pianoses stood at $5,525 per ton in 2022, with a decrease of -20.2% against the previous year. In general, the import price continues to indicate a drastic downturn. The growth pace was the most rapid in 2019 when the average import price increased by 55%. Over the period under review, average import prices hit record highs at $10,895 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($10,959 per ton), while the price for the Dominican Republic ($548 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+1.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Exports of Musical Instruments; Parts and Accessories for Pianos in Costa Rica

In 2022, shipments abroad of musical instruments; parts and accessories for pianoses decreased by -56.7% to 1.5 tons, falling for the second consecutive year after two years of growth. In general, exports showed a precipitous contraction. The most prominent rate of growth was recorded in 2020 when exports increased by 22%. As a result, the exports attained the peak of 5.5 tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of musical instruments; parts and accessories for pianoses fell sharply to $62K in 2022. Over the period under review, exports recorded a deep downturn. The most prominent rate of growth was recorded in 2020 when exports increased by 58% against the previous year. As a result, the exports reached the peak of $187K. From 2021 to 2022, the growth of the exports of failed to regain momentum.

Export of Musical Instruments; Parts and Accessories for Pianos in Costa Rica (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States11918712461.5-19.8%
OthersN/AN/AN/AN/A0%
Total11918712461.6-19.7%

Top Export Markets for Musical Instruments; Parts and Accessories for Pianos from Costa Rica in 2022:

  1. United States (1463.0 kg)

Imports of Musical Instruments; Parts and Accessories for Pianos in Costa Rica

In 2022, after two years of decline, there was significant growth in supplies from abroad of musical instruments; parts and accessories for pianoses, when their volume increased by 93% to 1.1 tons. In general, imports, however, faced a abrupt downturn.

In value terms, imports of musical instruments; parts and accessories for pianoses soared to $5.8K in 2022. Overall, imports, however, faced a dramatic contraction.

Import of Musical Instruments; Parts and Accessories for Pianos in Costa Rica (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States12.54.01.73.0-37.9%
China2.30.50.90.8-29.7%
SpainN/AN/AN/A0.40%
MexicoN/AN/AN/A0.10%
El SalvadorN/AN/AN/A0.10%
PhilippinesN/AN/AN/A0.10%
GuatemalaN/AN/AN/A0.10%
Dominican RepublicN/AN/AN/A0.10%
Hong Kong SAR0.80.60.3N/A-38.8%
Others0.40.70.81.244.2%
Total16.05.83.85.8-28.7%

Top Suppliers of Musical Instruments; Parts and Accessories for Pianos to Costa Rica in 2022:

  1. United States (278.0 kg)
  2. Spain (181.0 kg)
  3. Dominican Republic (104.0 kg)
  4. El Salvador (92.0 kg)
  5. Guatemala (84.0 kg)
  6. Mexico (81.0 kg)
  7. China (74.0 kg)
  8. Philippines (63.0 kg)

Source: IndexBox Market Intelligence Platform

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