Price for Musical Instruments; Wind, Brass (Eg Trumpets) in South Korea - 2022

Contents:

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

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

The average import price for musical instruments; wind, brass (eg trumpets) stood at $553 per unit in 2022, standing approx. at the previous year. In general, the import price recorded a mild decline. The pace of growth was the most pronounced in 2017 when the average import price increased by 2%. As a result, import price attained the peak level of $631 per unit. From 2018 to 2022, the average import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were France ($558 per unit) and Taiwan (Chinese) ($555 per unit), while the price for Spain ($521 per unit) and the UK ($545 per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (-0.8%), while the prices for the other major suppliers experienced a decline.

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

The average export price for musical instruments; wind, brass (eg trumpets) stood at $1,748 per unit in 2022, growing by 9.4% against the previous year. Overall, export price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for musical instruments; wind, brass (eg trumpets) increased by +25.2% against 2020 indices. The growth pace was the most rapid in 2019 an increase of 40% against the previous year. As a result, the export price attained the peak level of $2,073 per unit. From 2020 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 Japan ($2,425 per unit), while the average price for exports to Hong Kong SAR ($538 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 Japan (+10.6%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports of musical instruments; wind, brass (eg trumpets) into South Korea rose to 6.2K units in 2022, surging by 4.1% on 2021. In general, imports, however, showed a mild slump. The growth pace was the most rapid in 2021 with an increase of 18%. Imports peaked at 6.5K units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, imports of musical instruments; wind, brass (eg trumpets) reached $3.5M in 2022. Overall, imports, however, continue to indicate a slight slump. The most prominent rate of growth was recorded in 2021 when imports increased by 18% against the previous year. Imports peaked at $3.6M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

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

1. China (1591.0 units)
2. Germany (1285.0 units)
3. Japan (1255.0 units)
4. United States (1170.0 units)
5. Taiwan (Chinese) (343.0 units)
6. Spain (151.0 units)
7. France (148.0 units)

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

In 2022, the amount of musical instruments; wind, brass (eg trumpets) exported from South Korea surged to 94 units, jumping by 203% against 2021. In general, exports saw a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of musical instruments; wind, brass (eg trumpets) surged to $164K in 2022. Overall, exports showed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

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

1. United States (77.0 units)
2. France (10.0 units)
3. Japan (3.0 units)
4. Hong Kong SAR (2.0 units)

Source: IndexBox Market Intelligence Platform