Price for Musical Instruments; Parts and Accessories for Pianos in the Dominican Republic - 2023
Contents:
- Price for Musical Instruments; Parts and Accessories for Pianos in the Dominican Republic (CIF) - 2022
- Price for Musical Instruments; Parts and Accessories for Pianos in the Dominican Republic (FOB) - 2022
- Imports of Musical Instruments; Parts and Accessories for Pianos in the Dominican Republic
- Exports of Musical Instruments; Parts and Accessories for Pianos in the Dominican Republic
Price for Musical Instruments; Parts and Accessories for Pianos in the Dominican Republic (CIF) - 2022
In 2022, the average import price for musical instruments; parts and accessories for pianoses amounted to $22,850 per ton, increasing by 59% against the previous year. In general, the import price showed resilient growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
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 ($211,000 per ton), while the price for the United States ($8,929 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+28.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Musical Instruments; Parts and Accessories for Pianos in the Dominican Republic (FOB) - 2022
The average export price for musical instruments; parts and accessories for pianoses stood at $43,500 per ton in 2022, rising by 51% against the previous year. In general, the export price continues to indicate a significant expansion. The pace of growth appeared the most rapid in 2021 an increase of 208% against the previous year. The export price peaked at $71,200 per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Haiti.
From 2012 to 2022, the rate of growth in terms of prices for Haiti amounted to +15.8% per year.
Imports of Musical Instruments; Parts and Accessories for Pianos in the Dominican Republic
For the fourth year in a row, the Dominican Republic recorded growth in overseas purchases of musical instruments; parts and accessories for pianoses, which increased by 77% to 2 tons in 2022. Over the period under review, imports saw significant growth. The pace of growth was the most pronounced in 2020 when imports increased by 103%. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in the near future.
In value terms, imports of musical instruments; parts and accessories for pianoses soared to $46K in 2022. In general, imports showed a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Musical Instruments; Parts and Accessories for Pianos in the Dominican Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2.8 | 7.6 | 11.1 | 22.5 | 100.3% |
| Indonesia | 3.4 | 0.9 | 3.0 | 7.2 | 28.4% |
| United States | 0.8 | 0.7 | 0.8 | 0.1 | -50.0% |
| Others | 1.9 | 1.7 | 1.5 | 16.3 | 104.7% |
| Total | 8.9 | 10.9 | 16.3 | 46.1 | 73.0% |
Top Suppliers of Musical Instruments; Parts and Accessories for Pianos to the Dominican Republic in 2022:
- China (1925.0 kg)
- Indonesia (34.0 kg)
- United States (14.0 kg)
Exports of Musical Instruments; Parts and Accessories for Pianos in the Dominican Republic
Exports of musical instruments; parts and accessories for pianoses from the Dominican Republic shrank rapidly to 2 kg in 2022, reducing by -50% compared with 2021. Overall, exports saw a sharp shrinkage. The pace of growth appeared the most rapid in 2021 when exports increased by 33%.
In value terms, exports of musical instruments; parts and accessories for pianoses declined sharply to $87 in 2022. Over the period under review, exports faced a sharp curtailment. The pace of growth was the most pronounced in 2021 when exports increased by 311%.
| Export of Musical Instruments; Parts and Accessories for Pianos in the Dominican Republic (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Haiti | 1,780 | 9.0 | 115 | 87.0 | -63.4% |
| Honduras | N/A | 19.0 | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 1,780 | 28.0 | 115 | 87.0 | -63.4% |
Top Export Markets for Musical Instruments; Parts and Accessories for Pianos from the Dominican Republic in 2022:
- Haiti (2.0 kg)
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