Price for Musical Instruments; Parts and Accessories for Pianos in Vietnam - 2022
Contents:
- Price for Musical Instruments; Parts and Accessories for Pianos in Vietnam (CIF) - 2022
- Price for Musical Instruments; Parts and Accessories for Pianos in Vietnam (FOB) - 2022
- Imports of Musical Instruments; Parts and Accessories for Pianos in Vietnam
- Exports of Musical Instruments; Parts and Accessories for Pianos in Vietnam
Price for Musical Instruments; Parts and Accessories for Pianos in Vietnam (CIF) - 2022
The average import price for musical instruments; parts and accessories for pianoses stood at $22,165 per ton in 2022, rising by 7.3% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.4%. The growth pace was the most rapid in 2018 when the average import price increased by 19%. Over the period under review, average import prices attained the peak figure in 2022 and is likely to see gradual growth in the immediate term.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($22,172 per ton), while the price for China stood at $22,162 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+9.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Musical Instruments; Parts and Accessories for Pianos in Vietnam (FOB) - 2022
The average export price for musical instruments; parts and accessories for pianoses stood at $352,086 per ton in 2022, surging by 1,489% against the previous year. Over the period under review, the export price posted a significant increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($364,781 per ton), while the average price for exports to Taiwan (Chinese) stood at $216,667 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+45.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Musical Instruments; Parts and Accessories for Pianos in Vietnam
In 2022, imports of musical instruments; parts and accessories for pianoses into Vietnam skyrocketed to 4.1 tons, rising by 33% compared with 2021 figures. Overall, imports saw a prominent increase. The pace of growth was the most pronounced in 2021 when imports increased by 64% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in the immediate term.
In value terms, imports of musical instruments; parts and accessories for pianoses soared to $91K in 2022. Over the period under review, imports enjoyed a strong increase. The most prominent rate of growth was recorded in 2021 with an increase of 72% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.
| Import of Musical Instruments; Parts and Accessories for Pianos in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 10.8 | 6.2 | 14.2 | 81.4 | 96.1% |
| Japan | 1.8 | 0.4 | 0.6 | 6.9 | 56.5% |
| United States | 2.1 | 0.8 | 0.2 | 1.0 | -21.9% |
| Hong Kong SAR | 12.2 | 10.5 | 19.2 | N/A | 25.5% |
| South Korea | 2.0 | 1.5 | 2.5 | N/A | 11.8% |
| Singapore | 8.6 | 6.3 | 9.8 | N/A | 6.7% |
| Australia | 13.6 | 9.6 | 14.1 | N/A | 1.8% |
| Others | 2.3 | 1.7 | 3.0 | 1.7 | -9.6% |
| Total | 53.5 | 37.0 | 63.6 | 90.8 | 19.3% |
Top Suppliers of Musical Instruments; Parts and Accessories for Pianos to Vietnam in 2022:
- China (3.7 tons)
- Japan (0.3 tons)
Exports of Musical Instruments; Parts and Accessories for Pianos in Vietnam
In 2022, after three years of growth, there was significant decline in overseas shipments of musical instruments; parts and accessories for pianoses, when their volume decreased by -99% to 35 kg. Overall, exports saw a sharp contraction. The most prominent rate of growth was recorded in 2020 when exports increased by 341% against the previous year.
In value terms, exports of musical instruments; parts and accessories for pianoses declined markedly to $12K in 2022. In general, exports, however, recorded strong growth. The pace of growth was the most pronounced in 2020 with an increase of 479%.
| Export of Musical Instruments; Parts and Accessories for Pianos in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 0.1 | 8.4 | 7.0 | 11.7 | 389.1% |
| Taiwan (Chinese) | 0.1 | 0.6 | 1.2 | 0.7 | 91.3% |
| United States | 9.6 | 51.0 | 67.5 | N/A | 165.2% |
| Others | 0.7 | 1.1 | 1.8 | N/A | 60.4% |
| Total | 10.6 | 61.2 | 77.6 | 12.3 | 5.1% |
Top Export Markets for Musical Instruments; Parts and Accessories for Pianos from Vietnam in 2022:
- Japan (32.0 kg)
- Taiwan (Chinese) (3.0 kg)
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