Price for Musical Instruments; Parts and Accessories for Pianos in the Philippines - 2023
Contents:
- Price for Musical Instruments; Parts and Accessories for Pianos in the Philippines (CIF) - 2022
- Price for Musical Instruments; Parts and Accessories for Pianos in the Philippines (FOB) - 2022
- Imports of Musical Instruments; Parts and Accessories for Pianos in the Philippines
- Exports of Musical Instruments; Parts and Accessories for Pianos in the Philippines
Price for Musical Instruments; Parts and Accessories for Pianos in the Philippines (CIF) - 2022
In 2022, the average import price for musical instruments; parts and accessories for pianoses amounted to $1,403 per ton, waning by -2.5% against the previous year. Over the period under review, the import price, however, showed slight growth. The growth pace was the most rapid in 2018 an increase of 227%. As a result, import price attained the peak level of $5,858 per ton. From 2019 to 2022, the average import prices failed to regain momentum.
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 Japan ($1,819 per ton), while the price for South Korea ($179 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+8.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Musical Instruments; Parts and Accessories for Pianos in the Philippines (FOB) - 2022
In 2022, the average export price for musical instruments; parts and accessories for pianoses amounted to $76,953 per ton, surging by 8.6% against the previous year. Overall, the export price posted significant growth. The most prominent rate of growth was recorded in 2014 an increase of 3,558%. Over the period under review, the average export prices reached the maximum at $80,000 per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Taiwan (Chinese).
From 2013 to 2022, the rate of growth in terms of prices for the United States amounted to +26.2% per year.
Imports of Musical Instruments; Parts and Accessories for Pianos in the Philippines
In 2022, overseas purchases of musical instruments; parts and accessories for pianoses decreased by -0.5% to 210 tons, falling for the second year in a row after two years of growth. In general, imports, however, saw a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 957%. As a result, imports reached the peak of 852 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 slightly to $295K in 2022. Overall, imports, however, enjoyed a prominent expansion. The pace of growth appeared the most rapid in 2020 with an increase of 488%. As a result, imports attained the peak of $1.2M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
| Import of Musical Instruments; Parts and Accessories for Pianos in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 129 | 1,187 | 279 | 262 | 26.6% |
| Japan | 72.9 | 17.1 | 22.9 | 18.3 | -36.9% |
| France | N/A | N/A | 0.3 | 10.8 | 3500.0% |
| Others | 5.2 | 11.2 | 2.1 | 3.7 | -10.7% |
| Total | 207 | 1,215 | 304 | 295 | 12.5% |
Top Suppliers of Musical Instruments; Parts and Accessories for Pianos to the Philippines in 2022:
- China (189.3 tons)
- Japan (10.1 tons)
- France (7.8 tons)
Exports of Musical Instruments; Parts and Accessories for Pianos in the Philippines
Exports of musical instruments; parts and accessories for pianoses from the Philippines surged to 513 kg in 2022, with an increase of 20% compared with the year before. In general, exports posted a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 9,100% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, exports of musical instruments; parts and accessories for pianoses soared to $39K in 2022. Overall, exports posted significant growth. The pace of growth appeared the most rapid in 2020 when exports increased by 3,025%. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of Musical Instruments; Parts and Accessories for Pianos in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | N/A | N/A | 30.3 | 39.5 | 30.4% |
| United States | N/A | 0.5 | N/A | N/A | 0% |
| Others | 0.1 | 2.0 | N/A | N/A | 1900.0% |
| Total | 0.1 | 2.5 | 30.3 | 39.5 | 633.7% |
Top Export Markets for Musical Instruments; Parts and Accessories for Pianos from the Philippines in 2022:
- Taiwan (Chinese) (513.0 kg)
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