Price for Musical Instruments; Parts and Accessories for Pianos in Sri Lanka - 2022

Contents:

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

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

The average import price for musical instruments; parts and accessories for pianoses stood at $55,000 per ton in 2022, picking up by 120% against the previous year. Overall, the import price posted a significant expansion. The most prominent rate of growth was recorded in 2014 an increase of 1,057%. The import price peaked at $65,175 per ton in 2020; however, from 2021 to 2022, import prices remained at a 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 Indonesia ($100,000 per ton), while the price for Singapore stood at $10,000 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+12.8%), while the prices for the other major suppliers experienced mixed trend patterns.

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

In 2022, the average export price for musical instruments; parts and accessories for pianoses amounted to $8,000 per ton, approximately mirroring the previous year. Overall, the export price showed a perceptible decrease. The pace of growth was the most pronounced in 2013 an increase of 601%. As a result, the export price reached the peak level of $69,600 per ton. From 2014 to 2022, the average export prices failed to regain momentum.

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

From 2012 to 2022, the rate of growth in terms of prices for Maldives amounted to -2.1% per year.

Imports of Musical Instruments; Parts and Accessories for Pianos in Sri Lanka

In 2022, imports of musical instruments; parts and accessories for pianoses into Sri Lanka declined dramatically to 2 kg, dropping by -97.8% against the year before. In general, imports continue to indicate a precipitous contraction. The pace of growth appeared the most rapid in 2021 with an increase of 133% against the previous year. As a result, imports reached the peak of 93 kg, and then shrank dramatically in the following year.

In value terms, imports of musical instruments; parts and accessories for pianoses reduced markedly to $110 in 2022. Overall, imports faced a sharp setback. The pace of growth appeared the most rapid in 2020 when imports increased by 38% against the previous year. As a result, imports reached the peak of $2.6K. From 2021 to 2022, the growth of imports of remained at a lower figure.

Import of Musical Instruments; Parts and Accessories for Pianos in Sri Lanka (USD)
COUNTRY2019202020212022CAGR,
2019-2022
IndonesiaN/A2,303N/A100-79.2%
Singapore15.010.02,22510.0-12.6%
Thailand70.062.018.0N/A-49.3%
China1,69712317.0N/A-90.0%
Japan11110935.0N/A-43.8%
OthersN/AN/A31.0N/A0%
Total1,8932,6072,326110-61.3%

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

  1. Indonesia (1.0 kg)
  2. Singapore (1.0 kg)

Exports of Musical Instruments; Parts and Accessories for Pianos in Sri Lanka

In 2022, exports of musical instruments; parts and accessories for pianoses from Sri Lanka totaled 1 kg, approximately mirroring 2021 figures. Over the period under review, exports continue to indicate a relatively flat trend pattern. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, exports of musical instruments; parts and accessories for pianoses stood at $8 in 2022. In general, exports saw a relatively flat trend pattern. The exports peaked in 2022 and are likely to see steady growth in the immediate term.

Export of Musical Instruments; Parts and Accessories for Pianos in Sri Lanka (USD)
COUNTRY2019202020212022CAGR,
2019-2022
Maldives8.08.08.08.00.0%
OthersN/AN/AN/AN/A0%
Total8.08.08.08.00.0%

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

  1. Maldives (1.0 kg)

Source: IndexBox Market Intelligence Platform

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