Price for Musical Instruments; Parts and Accessories for Pianos in Thailand - 2024
Contents:
- Price for Musical Instruments; Parts and Accessories for Pianos in Thailand (FOB) - 2022
- Price for Musical Instruments; Parts and Accessories for Pianos in Thailand (CIF) - 2022
- Exports of Musical Instruments; Parts and Accessories for Pianos in Thailand
- Imports of Musical Instruments; Parts and Accessories for Pianos in Thailand
Price for Musical Instruments; Parts and Accessories for Pianos in Thailand (FOB) - 2022
In 2022, the average export price for musical instruments; parts and accessories for pianoses amounted to $8,486 per ton, declining by -25.6% against the previous year. Overall, the export price, however, continues to indicate a prominent expansion. The most prominent rate of growth was recorded in 2015 an increase of 129% against the previous year. As a result, the export price attained the peak level of $12,660 per ton. From 2016 to 2022, the average export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Hong Kong SAR ($39,922 per ton), while the average price for exports to Malaysia ($7,997 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 Iran (+61.4%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Musical Instruments; Parts and Accessories for Pianos in Thailand (CIF) - 2022
The average import price for musical instruments; parts and accessories for pianoses stood at $47,802 per ton in 2022, picking up by 4% against the previous year. Over the period under review, import price indicated a pronounced expansion from 2012 to 2022: its price increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for musical instruments; parts and accessories for pianoses increased by +11.9% against 2018 indices. The pace of growth was the most pronounced in 2014 an increase of 56% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in years to come.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($91,931 per ton), while the price for China ($22,186 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+5.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Musical Instruments; Parts and Accessories for Pianos in Thailand
Exports of musical instruments; parts and accessories for pianoses from Thailand soared to 31 tons in 2022, rising by 88% compared with the previous year's figure. Over the period under review, exports showed a relatively flat trend pattern. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of musical instruments; parts and accessories for pianoses soared to $266K in 2022. Overall, exports, however, showed a abrupt slump.
| Export of Musical Instruments; Parts and Accessories for Pianos in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 324 | 130 | 156 | 234 | -10.3% |
| Hong Kong SAR | 11.3 | 11.1 | 19.8 | 21.6 | 24.1% |
| Japan | 6.4 | 4.7 | 11.5 | 9.4 | 13.7% |
| Others | 2.0 | 0.2 | 3.1 | 1.2 | -15.7% |
| Total | 343 | 146 | 190 | 266 | -8.1% |
Top Export Markets for Musical Instruments; Parts and Accessories for Pianos from Thailand in 2022:
- Malaysia (29.3 tons)
- Japan (1.1 tons)
- Hong Kong SAR (0.5 tons)
Imports of Musical Instruments; Parts and Accessories for Pianos in Thailand
In 2022, supplies from abroad of musical instruments; parts and accessories for pianoses decreased by -48% to 5.3 tons, falling for the second consecutive year after two years of growth. Overall, imports showed a abrupt decline. The pace of growth was the most pronounced in 2020 when imports increased by 125%. As a result, imports attained the peak of 16 tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of musical instruments; parts and accessories for pianoses declined markedly to $252K in 2022. In general, imports, however, continue to indicate notable growth. The most prominent rate of growth was recorded in 2020 when imports increased by 155% against the previous year. As a result, imports attained the peak of $558K. From 2021 to 2022, the growth of imports of remained at a lower figure.
| Import of Musical Instruments; Parts and Accessories for Pianos in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hong Kong SAR | 158 | 436 | 321 | 162 | 0.8% |
| United States | 13.3 | 75.1 | 27.7 | 35.5 | 38.7% |
| China | 30.7 | 18.9 | 77.2 | 25.2 | -6.4% |
| Germany | 3.3 | 4.6 | 11.4 | 12.0 | 53.8% |
| Japan | 6.9 | 15.5 | 8.4 | 3.5 | -20.2% |
| Taiwan (Chinese) | N/A | 0.1 | 0.1 | 3.4 | 483.1% |
| Others | 7.2 | 8.0 | 19.9 | 9.6 | 10.1% |
| Total | 219 | 558 | 466 | 252 | 4.8% |
Top Suppliers of Musical Instruments; Parts and Accessories for Pianos to Thailand in 2022:
- Hong Kong SAR (3137.0 kg)
- China (1138.0 kg)
- United States (426.0 kg)
- Taiwan (Chinese) (131.0 kg)
- Germany (131.0 kg)
- Japan (114.0 kg)
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