Price for Musical Instruments; Parts and Accessories for Pianos in Ecuador - 2022
Contents:
- Price for Musical Instruments; Parts and Accessories for Pianos in Ecuador (CIF) - 2022
- Imports of Musical Instruments; Parts and Accessories for Pianos in Ecuador
Price for Musical Instruments; Parts and Accessories for Pianos in Ecuador (CIF) - 2022
In 2022, the average import price for musical instruments; parts and accessories for pianoses amounted to $8,538 per ton, dropping by -45.4% against the previous year. Overall, the import price, however, recorded slight growth. The pace of growth appeared the most rapid in 2018 when the average import price increased by 80% against the previous year. Over the period under review, average import prices hit record highs at $27,053 per ton in 2020; however, from 2021 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($56,703 per ton), while the price for Hong Kong SAR ($5,822 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+15.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Musical Instruments; Parts and Accessories for Pianos in Ecuador
In 2022, the amount of musical instruments; parts and accessories for pianoses imported into Ecuador soared to 2.2 tons, with an increase of 61% against the previous year. In general, imports showed a strong increase. The most prominent rate of growth was recorded in 2021 when imports increased by 78% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.
In value terms, imports of musical instruments; parts and accessories for pianoses reduced to $18K in 2022. Over the period under review, imports, however, recorded a abrupt downturn. The growth pace was the most rapid in 2021 with an increase of 2.6%.
| Import of Musical Instruments; Parts and Accessories for Pianos in Ecuador (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 20.0 | 1.8 | 9.4 | 10.5 | -19.3% |
| Hong Kong SAR | 7.2 | 3.4 | 3.6 | 3.5 | -21.4% |
| United States | 0.2 | 1.8 | 4.7 | 2.1 | 119.0% |
| Colombia | N/A | N/A | N/A | 0.9 | 0% |
| Japan | 0.6 | 0.5 | 1.1 | 0.6 | 0.0% |
| Mexico | 0.6 | 0.1 | 0.1 | 0.1 | -45.0% |
| Italy | N/A | 11.8 | N/A | N/A | 0% |
| Others | 1.3 | 1.0 | 2.0 | 0.7 | -18.6% |
| Total | 29.8 | 20.4 | 20.9 | 18.4 | -14.8% |
Top Suppliers of Musical Instruments; Parts and Accessories for Pianos to Ecuador in 2022:
- China (1318.0 kg)
- Hong Kong SAR (608.0 kg)
- Colombia (112.0 kg)
- Japan (60.0 kg)
- United States (37.0 kg)
- Mexico (4.0 kg)
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