Price for Musical Instruments; Wind, Brass (Eg Trumpets) in Hong Kong SAR - 2023
Contents:
- Price for Musical Instruments; Wind, Brass (Eg Trumpets) in Hong Kong SAR (CIF) - 2022
- Price for Musical Instruments; Wind, Brass (Eg Trumpets) in Hong Kong SAR (FOB) - 2022
- Imports of Musical Instruments; Wind, Brass (Eg Trumpets) in Hong Kong SAR
- Exports of Musical Instruments; Wind, Brass (Eg Trumpets) in Hong Kong SAR
Price for Musical Instruments; Wind, Brass (Eg Trumpets) in Hong Kong SAR (CIF) - 2022
The average import price for musical instruments; wind, brass (eg trumpets) stood at $521 per unit in 2022, declining by -32.7% against the previous year. In general, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of 103% against the previous year. As a result, import price attained the peak level of $1,048 per unit. From 2016 to 2022, the average import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($3,671 per unit), while the price for China ($300 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+20.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Musical Instruments; Wind, Brass (Eg Trumpets) in Hong Kong SAR (FOB) - 2022
The average export price for musical instruments; wind, brass (eg trumpets) stood at $95 per unit in 2022, increasing by 132% against the previous year. In general, the export price showed strong growth. The pace of growth was the most pronounced in 2016 an increase of 773% against the previous year. As a result, the export price attained the peak level of $491 per unit. From 2017 to 2022, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bangladesh ($270 per unit), while the average price for exports to Mexico ($13 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bangladesh (+202.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Musical Instruments; Wind, Brass (Eg Trumpets) in Hong Kong SAR
In 2022, supplies from abroad of musical instruments; wind, brass (eg trumpets) was finally on the rise to reach 5.4K units for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, showed a abrupt downturn. Imports peaked at 9.6K units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, imports of musical instruments; wind, brass (eg trumpets) dropped to $2.8M in 2022. Over the period under review, imports, however, continue to indicate a abrupt decrease. The pace of growth was the most pronounced in 2021 when imports increased by 12%. Imports peaked at $4.9M in 2019; however, from 2020 to 2022, imports failed to regain momentum.
| Import of Musical Instruments; Wind, Brass (Eg Trumpets) in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,404 | 1,178 | 881 | 1,280 | -3.0% |
| Japan | 1,583 | 980 | 1,039 | 849 | -18.8% |
| France | 725 | 148 | 479 | 235 | -31.3% |
| United States | 548 | 231 | 338 | 151 | -34.9% |
| Indonesia | N/A | N/A | 67.8 | 76.7 | 13.1% |
| Malaysia | 37.1 | 64.6 | 74.2 | 66.0 | 21.2% |
| Taiwan (Chinese) | 118 | 20.2 | 25.9 | 24.9 | -40.5% |
| Spain | 274 | N/A | N/A | N/A | 0% |
| Others | 169 | 104 | 154 | 122 | -10.3% |
| Total | 4,858 | 2,726 | 3,060 | 2,805 | -16.7% |
Top Suppliers of Musical Instruments; Wind, Brass (Eg Trumpets) to Hong Kong SAR in 2022:
- China (4273.0 units)
- Japan (598.0 units)
- Malaysia (139.0 units)
- Indonesia (124.0 units)
- United States (112.0 units)
- France (64.0 units)
- Taiwan (Chinese) (46.0 units)
Exports of Musical Instruments; Wind, Brass (Eg Trumpets) in Hong Kong SAR
In 2022, shipments abroad of musical instruments; wind, brass (eg trumpets) was finally on the rise to reach 2.9K units after two years of decline. Over the period under review, exports, however, saw a abrupt shrinkage. The exports peaked at 4.1K units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, exports of musical instruments; wind, brass (eg trumpets) soared to $278K in 2022. In general, exports continue to indicate resilient growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Musical Instruments; Wind, Brass (Eg Trumpets) in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 36.2 | 85.8 | 25.3 | 204 | 78.0% |
| France | 1.4 | 4.9 | 14.9 | 29.9 | 177.4% |
| United States | 31.0 | 26.8 | 19.8 | 28.5 | -2.8% |
| Bangladesh | N/A | 31.3 | 0.5 | 3.0 | -69.0% |
| Mexico | 0.4 | 0.3 | 1.4 | 0.8 | 26.0% |
| South Korea | 85.2 | 9.4 | N/A | 0.1 | -89.5% |
| Germany | 21.7 | 0.6 | 0.1 | N/A | -93.2% |
| Others | 6.9 | 13.5 | 4.9 | 12.5 | 21.9% |
| Total | 183 | 173 | 67.0 | 278 | 15.0% |
Top Export Markets for Musical Instruments; Wind, Brass (Eg Trumpets) from Hong Kong SAR in 2022:
- United States (1007.0 units)
- France (898.0 units)
- China (890.0 units)
- Mexico (62.0 units)
- Bangladesh (11.0 units)
- South Korea (1.0 units)
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