Price for Musical Instruments; Wind, Brass (Eg Trumpets) in Singapore - 2023

Contents:

1. Price for Musical Instruments; Wind, Brass (Eg Trumpets) in Singapore (CIF) - 2022
2. Price for Musical Instruments; Wind, Brass (Eg Trumpets) in Singapore (FOB) - 2022
3. Imports of Musical Instruments; Wind, Brass (Eg Trumpets) in Singapore
4. Exports of Musical Instruments; Wind, Brass (Eg Trumpets) in Singapore

Price for Musical Instruments; Wind, Brass (Eg Trumpets) in Singapore (CIF) - 2022

The average import price for musical instruments; wind, brass (eg trumpets) stood at $629 per unit in 2022, surging by 34% against the previous year. In general, the import price showed buoyant growth. The most prominent rate of growth was recorded in 2017 an increase of 153%. The import price peaked in 2022 and is likely to see steady growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($3,641 per unit), while the price for India ($3 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+24.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Musical Instruments; Wind, Brass (Eg Trumpets) in Singapore (FOB) - 2022

In 2022, the average export price for musical instruments; wind, brass (eg trumpets) amounted to $127 per unit, increasing by 2,835% against the previous year. Over the period under review, the export price posted prominent growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($952 per unit), while the average price for exports to Malaysia ($6.1 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 Papua New Guinea (+82.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Musical Instruments; Wind, Brass (Eg Trumpets) in Singapore

In 2022, approx. 1K units of musical instruments; wind, brass (eg trumpets) were imported into Singapore; shrinking by -24.7% on the previous year. In general, imports faced a deep slump. The pace of growth was the most pronounced in 2021 when imports increased by 26% against the previous year. Over the period under review, imports of attained the peak figure at 1.5K units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, imports of musical instruments; wind, brass (eg trumpets) amounted to $652K in 2022. Over the period under review, imports showed a mild setback. The most prominent rate of growth was recorded in 2021 when imports increased by 4.5%. Over the period under review, imports of reached the maximum at $673K in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Top Suppliers of Musical Instruments; Wind, Brass (Eg Trumpets) to Singapore in 2022:

1. United States (438.0 units)
2. China (333.0 units)
3. France (89.0 units)
4. Taiwan (Chinese) (36.0 units)
5. Japan (34.0 units)
6. Germany (30.0 units)
7. Indonesia (26.0 units)
8. Austria (12.0 units)

Exports of Musical Instruments; Wind, Brass (Eg Trumpets) in Singapore

After three years of growth, overseas shipments of musical instruments; wind, brass (eg trumpets) decreased by -98.9% to 284 units in 2022. Overall, exports saw a precipitous descent. The most prominent rate of growth was recorded in 2020 with an increase of 258%. Over the period under review, the exports of reached the peak figure at 27K units in 2021, and then declined significantly in the following year.

In value terms, exports of musical instruments; wind, brass (eg trumpets) contracted rapidly to $36K in 2022. Over the period under review, exports continue to indicate a sharp descent. The growth pace was the most rapid in 2020 with an increase of 87%. As a result, the exports attained the peak of $647K. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

Top Export Markets for Musical Instruments; Wind, Brass (Eg Trumpets) from Singapore in 2022:

1. Malaysia (157.0 units)
2. China (88.0 units)
3. Hong Kong SAR (27.0 units)
4. United States (7.0 units)
5. Zimbabwe (5.0 units)

Source: IndexBox Market Intelligence Platform