Price for Musical Instruments; Parts and Accessories for Pianos in Myanmar - 2023
Contents:
- Price for Musical Instruments; Parts and Accessories for Pianos in Myanmar (CIF) - 2022
- Imports of Musical Instruments; Parts and Accessories for Pianos in Myanmar
Price for Musical Instruments; Parts and Accessories for Pianos in Myanmar (CIF) - 2022
The average import price for musical instruments; parts and accessories for pianoses stood at $7,345 per ton in 2022, which is down by -22.2% against the previous year. In general, import price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when the average import price increased by 87%. Over the period under review, average import prices attained the peak figure at $9,440 per ton in 2021, and then dropped significantly in the following year.
As there is only one major supplying country, the average price level is determined by prices for China.
From 2012 to 2022, the rate of growth in terms of prices for China amounted to +9.6% per year.
Imports of Musical Instruments; Parts and Accessories for Pianos in Myanmar
In 2022, purchases abroad of musical instruments; parts and accessories for pianoses decreased by -84.5% to 113 kg for the first time since 2018, thus ending a three-year rising trend. In general, imports, however, showed a remarkable increase. The pace of growth appeared the most rapid in 2020 with an increase of 240%.
In value terms, imports of musical instruments; parts and accessories for pianoses contracted remarkably to $830 in 2022. Over the period under review, imports, however, saw a buoyant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 312%.
| Import of Musical Instruments; Parts and Accessories for Pianos in Myanmar (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 0.4 | 1.6 | 5.4 | 0.8 | 26.0% |
| Thailand | N/A | N/A | 0.2 | N/A | 0% |
| Malaysia | N/A | 0.2 | 1.1 | N/A | 450.0% |
| Others | 0.1 | 0.2 | 0.2 | N/A | 41.4% |
| Total | 0.5 | 2.0 | 6.9 | 0.8 | 17.0% |
Top Suppliers of Musical Instruments; Parts and Accessories for Pianos to Myanmar in 2022:
- China (113.0 kg)
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