Price for Musical Instruments; Wind, Brass (Eg Trumpets) in the Philippines - 2023
Contents:
- Price for Musical Instruments; Wind, Brass (Eg Trumpets) in the Philippines (CIF) - 2022
- Price for Musical Instruments; Wind, Brass (Eg Trumpets) in the Philippines (FOB) - 2022
- Imports of Musical Instruments; Wind, Brass (Eg Trumpets) in the Philippines
- Exports of Musical Instruments; Wind, Brass (Eg Trumpets) in the Philippines
Price for Musical Instruments; Wind, Brass (Eg Trumpets) in the Philippines (CIF) - 2022
In 2022, the average import price for musical instruments; wind, brass (eg trumpets) amounted to $43 per unit, declining by -13.1% against the previous year. Over the period under review, the import price, however, enjoyed slight growth. The growth pace was the most rapid in 2017 an increase of 134%. Over the period under review, average import prices hit record highs at $49 per unit in 2021, and then contracted in the following year.
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 the United States ($248 per unit), while the price for Japan ($27 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+35.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Musical Instruments; Wind, Brass (Eg Trumpets) in the Philippines (FOB) - 2022
The average export price for musical instruments; wind, brass (eg trumpets) stood at $95 per unit in 2022, falling by -97% against the previous year. Over the period under review, the export price saw a deep slump. The growth pace was the most rapid in 2016 when the average export price increased by 1,338% against the previous year. The export price peaked at $3,187 per unit in 2021, and then dropped dramatically in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Thailand ($119 per unit), while the average price for exports to Germany ($52 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 France (+609.2%).
Imports of Musical Instruments; Wind, Brass (Eg Trumpets) in the Philippines
In 2022, supplies from abroad of musical instruments; wind, brass (eg trumpets) was finally on the rise to reach 1.8K units for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, recorded a dramatic curtailment. Over the period under review, imports of hit record highs at 5.9K 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) soared to $76K in 2022. In general, imports, however, recorded a deep slump. Imports peaked at $114K in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
| Import of Musical Instruments; Wind, Brass (Eg Trumpets) in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 72.8 | 36.3 | 15.9 | 53.9 | -9.5% |
| United States | 3.2 | 1.6 | 0.5 | 18.8 | 80.4% |
| Japan | 2.7 | 0.4 | 0.2 | 0.8 | -33.3% |
| Others | 34.9 | 16.9 | 8.7 | 3.0 | -55.9% |
| Total | 114 | 55.1 | 25.3 | 76.4 | -12.5% |
Top Suppliers of Musical Instruments; Wind, Brass (Eg Trumpets) to the Philippines in 2022:
- China (1654.0 units)
- United States (76.0 units)
- Japan (30.0 units)
Exports of Musical Instruments; Wind, Brass (Eg Trumpets) in the Philippines
In 2022, exports of musical instruments; wind, brass (eg trumpets) from the Philippines skyrocketed to 4 units, picking up by 300% compared with the year before. Over the period under review, exports continue to indicate a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of musical instruments; wind, brass (eg trumpets) dropped remarkably to $379 in 2022. Overall, exports, however, recorded a dramatic setback. Over the period under review, the exports of reached the maximum at $3.2K in 2021, and then declined sharply in the following year.
| Export of Musical Instruments; Wind, Brass (Eg Trumpets) in the Philippines (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2021 | 2022 | CAGR, 2021-2022 | ||
| Thailand | N/A | 119 | 0% | ||
| Germany | N/A | 104 | 0% | ||
| Finland | N/A | 56.0 | 0% | ||
| Netherlands | 1,545 | N/A | 0% | ||
| Others | 1,642 | 100 | -93.9% | ||
| Total | 3,187 | 379 | -88.1% | ||
Top Export Markets for Musical Instruments; Wind, Brass (Eg Trumpets) from the Philippines in 2022:
- Germany (2.0 units)
- Thailand (1.0 units)
- Finland (1.0 units)
417
This report provides an in-depth analysis of the accordion market in the Philippines.
836
This report provides an in-depth analysis of the global accordion market.
417
This report provides an in-depth analysis of the accordion market in the Philippines.
836
This report provides an in-depth analysis of the global accordion market.
Nothing found. Please try again.
