Price for Musical Instruments; Parts and Accessories for Pianos in Panama - 2023

Contents:

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

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

The average import price for musical instruments; parts and accessories for pianoses stood at $12,056 per ton in 2022, rising by 36% against the previous year. In general, the import price recorded tangible growth. The growth pace was the most rapid in 2013 an increase of 127% against the previous year. As a result, import price reached the peak level of $17,283 per ton. From 2014 to 2022, the average import prices remained at a somewhat lower figure.

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 Free Zones ($23,198 per ton), while the price for China amounted to $9,848 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.6%), while the prices for the other major suppliers experienced a decline.

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

The average export price for musical instruments; parts and accessories for pianoses stood at $23,800 per ton in 2022, flattening at the previous year. In general, the export price, however, posted a significant expansion. The most prominent rate of growth was recorded in 2020 an increase of 335% against the previous year. Over the period under review, the average export prices hit record highs at $23,957 per ton in 2021, and then dropped modestly in the following year.

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

From 2012 to 2022, the rate of growth in terms of prices for Cuba amounted to +113.1% per year.

Imports of Musical Instruments; Parts and Accessories for Pianos in Panama

In 2022, purchases abroad of musical instruments; parts and accessories for pianoses decreased by -74.5% to 520 kg, falling for the second year in a row after two years of growth. Overall, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 when imports increased by 396% against the previous year. As a result, imports attained the peak of 2.5 tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of musical instruments; parts and accessories for pianoses contracted dramatically to $6.3K in 2022. Over the period under review, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of 152% against the previous year.

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

1. China (434.0 kg)
2. Free Zones (86.0 kg)

Exports of Musical Instruments; Parts and Accessories for Pianos in Panama

In 2022, overseas shipments of musical instruments; parts and accessories for pianoses decreased by -56.5% to 10 kg, falling for the second year in a row after two years of growth. Overall, exports recorded a sharp curtailment. The most prominent rate of growth was recorded in 2020 with an increase of 496%. As a result, the exports attained the peak of 167 kg. From 2021 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of musical instruments; parts and accessories for pianoses contracted markedly to $238 in 2022. Over the period under review, exports, however, posted a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 2,495% against the previous year. As a result, the exports attained the peak of $2.5K. From 2021 to 2022, the growth of the exports of remained at a lower figure.

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

1. France (10.0 kg)

Source: IndexBox Market Intelligence Platform