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

Contents:

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

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

The average import price for musical instruments; parts and accessories for pianoses stood at $17,260 per ton in 2022, waning by -9.1% against the previous year. Overall, the import price continues to indicate a perceptible shrinkage. The most prominent rate of growth was recorded in 2021 when the average import price increased by 15% against the previous year. The import price peaked at $24,648 per ton in 2014; however, from 2015 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 South Korea ($113,216 per ton), while the price for China ($5,058 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+7.2%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average export price for musical instruments; parts and accessories for pianoses stood at $22,212 per ton in 2022, which is down by -34.8% against the previous year. Over the period under review, the export price showed a drastic downturn. The most prominent rate of growth was recorded in 2014 an increase of 57% against the previous year. As a result, the export price attained the peak level of $53,553 per ton. From 2015 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($116,759 per ton), while the average price for exports to Austria ($11,412 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 Russia (+27.6%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, imports of musical instruments; parts and accessories for pianoses into Spain fell rapidly to 31 tons, shrinking by -33.7% compared with 2021. In general, imports faced a abrupt decrease. The most prominent rate of growth was recorded in 2021 with an increase of 2.1% against the previous year.

In value terms, imports of musical instruments; parts and accessories for pianoses dropped remarkably to $536K in 2022. Over the period under review, imports continue to indicate a abrupt shrinkage. The pace of growth appeared the most rapid in 2021 with an increase of 17% against the previous year. As a result, imports reached the peak of $890K, and then declined significantly in the following year.

Import of Musical Instruments; Parts and Accessories for Pianos in Spain (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany398413418238-15.8%
South Korea1310.1159126-1.3%
China53.040.880.276.913.2%
Italy23.225.035.324.62.0%
Japan11.132.315.720.923.5%
United Kingdom95.01074.23.8-65.8%
Others87.914317946.6-19.1%
Total798761890536-12.4%

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

  1. China (15.2 tons)
  2. Germany (11.4 tons)
  3. Italy (1.3 tons)
  4. South Korea (1.1 tons)
  5. Japan (1.0 tons)
  6. United Kingdom (0.1 tons)

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

In 2022, approx. 16 tons of musical instruments; parts and accessories for pianoses were exported from Spain; picking up by 45% against the year before. The total export volume increased at an average annual rate of +8.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of musical instruments; parts and accessories for pianoses dropped to $344K in 2022. Overall, exports, however, continue to indicate a slight downturn. The pace of growth appeared the most rapid in 2020 when exports increased by 22%. As a result, the exports attained the peak of $435K. From 2021 to 2022, the growth of the exports of failed to regain momentum.

Export of Musical Instruments; Parts and Accessories for Pianos in Spain (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany40.871.057.413850.1%
Portugal5.538.853.663.5126.0%
United Kingdom11814680.456.3-21.9%
France79.076.632.327.4-29.7%
Italy37.524.421.517.4-22.6%
Poland3.73.213.514.758.4%
Austria3.13.01.43.54.1%
Others68.571.910523.6-29.9%
Total356435365344-1.1%

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

  1. Portugal (4.8 tons)
  2. Germany (4.7 tons)
  3. France (2.3 tons)
  4. Italy (1.0 tons)
  5. Poland (0.6 tons)
  6. United Kingdom (0.5 tons)
  7. Austria (0.3 tons)

Source: IndexBox Market Intelligence Platform

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