Price for Musical Instruments; Parts and Accessories for Pianos in India - 2023
Contents:
- Price for Musical Instruments; Parts and Accessories for Pianos in India (CIF) - 2022
- Price for Musical Instruments; Parts and Accessories for Pianos in India (FOB) - 2022
- Imports of Musical Instruments; Parts and Accessories for Pianos in India
- Exports of Musical Instruments; Parts and Accessories for Pianos in India
Price for Musical Instruments; Parts and Accessories for Pianos in India (CIF) - 2022
The average import price for musical instruments; parts and accessories for pianoses stood at $12,846 per ton in 2022, surging by 4.8% against the previous year. In general, the import price, however, showed a deep reduction. The pace of growth was the most pronounced in 2016 an increase of 25%. Over the period under review, average import prices hit record highs at $43,121 per ton in 2012; however, from 2013 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 ($107,341 per ton), while the price for China ($8,360 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+9.7%), while the prices for the other major suppliers experienced a decline.
Price for Musical Instruments; Parts and Accessories for Pianos in India (FOB) - 2022
The average export price for musical instruments; parts and accessories for pianoses stood at $27,545 per ton in 2022, growing by 8.4% against the previous year. In general, the export price enjoyed strong growth. The pace of growth appeared the most rapid in 2015 when the average export price increased by 521% against the previous year. Over the period under review, the average export prices reached the peak figure at $33,713 per ton in 2020; however, from 2021 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 UK ($34,339 per ton), while the average price for exports to Nepal ($9,532 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+530.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Musical Instruments; Parts and Accessories for Pianos in India
For the fourth year in a row, India recorded growth in overseas purchases of musical instruments; parts and accessories for pianoses, which increased by 66% to 8.8 tons in 2022. Over the period under review, imports enjoyed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of musical instruments; parts and accessories for pianoses surged to $113K in 2022. Overall, imports posted a strong expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Musical Instruments; Parts and Accessories for Pianos in India (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 52.8 | 53.0 | 50.0 | 65.9 | 7.7% |
| Japan | 3.7 | 0.3 | 1.0 | 28.1 | 96.6% |
| United States | 9.2 | 5.0 | 4.8 | 13.5 | 13.6% |
| Indonesia | N/A | 0.6 | 0.7 | 1.9 | 78.0% |
| Others | 3.1 | 3.1 | 8.4 | 3.7 | 6.1% |
| Total | 68.9 | 61.9 | 64.9 | 113 | 17.9% |
Top Suppliers of Musical Instruments; Parts and Accessories for Pianos to India in 2022:
- China (7.9 tons)
- Japan (0.4 tons)
- United States (0.1 tons)
- Indonesia (0.1 tons)
Exports of Musical Instruments; Parts and Accessories for Pianos in India
In 2022, exports of musical instruments; parts and accessories for pianoses from India soared to 411 kg, growing by 52% against the previous year's figure. Over the period under review, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 135%. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in years to come.
In value terms, exports of musical instruments; parts and accessories for pianoses skyrocketed to $11K in 2022. In general, exports recorded a significant expansion. The pace of growth was the most pronounced in 2020 when exports increased by 92%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in years to come.
| Export of Musical Instruments; Parts and Accessories for Pianos in India (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | N/A | N/A | 3.8 | 7.4 | 94.7% |
| United Kingdom | 1.2 | 1.8 | 2.7 | 2.0 | 18.6% |
| Spain | N/A | N/A | N/A | 1.4 | 0% |
| Nepal | 0.7 | N/A | N/A | 0.4 | -17.0% |
| United States | N/A | 1.7 | 0.1 | N/A | -94.1% |
| Others | 0.1 | 0.3 | 0.2 | 0.1 | 0.0% |
| Total | 2.0 | 3.9 | 6.9 | 11.3 | 78.1% |
Top Export Markets for Musical Instruments; Parts and Accessories for Pianos from India in 2022:
- Germany (230.0 kg)
- Spain (71.0 kg)
- United Kingdom (59.0 kg)
- Nepal (47.0 kg)
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