Price for Non-Keyboard Electrical Musical Instruments in China - 2023
Contents:
- Price for Non-Keyboard Electrical Musical Instruments in China (FOB) - 2022
- Price for Non-Keyboard Electrical Musical Instruments in China (CIF) - 2023
- Exports of Non-Keyboard Electrical Musical Instruments in China
- Imports of Non-Keyboard Electrical Musical Instruments in China
Price for Non-Keyboard Electrical Musical Instruments in China (FOB) - 2022
The average non-keyboard electrical musical instruments export price stood at $80 per unit in 2022, rising by 16% against the previous year. Over the period under review, the export price recorded a modest expansion. 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 Malaysia ($112 per unit), while the average price for exports to Mexico ($17 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 Malaysia (+5.2%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Non-Keyboard Electrical Musical Instruments in China (CIF) - 2023
The average non-keyboard electrical musical instruments import price stood at $429 per unit in September 2023, declining by -16.3% against the previous month. Overall, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in June 2023 when the average import price increased by 43% m-o-m. Over the period under review, average import prices reached the peak figure at $553 per unit in January 2023; however, from February 2023 to September 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was the United States ($1,544 per unit), while the price for Indonesia ($215 per unit) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Japan (+2.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Non-Keyboard Electrical Musical Instruments in China
In 2022, after three years of growth, there was decline in overseas shipments of non-keyboard electrical musical instrumentses, when their volume decreased by -0.6% to 3.9M units. In general, total exports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +18.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +67.2% against 2019 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 35%. As a result, the exports reached the peak of 4M units, leveling off in the following year.
In value terms, non-keyboard electrical musical instruments exports soared to $317M in 2022. Overall, total exports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +22.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +82.1% against 2019 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 28% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Non-Keyboard Electrical Musical Instruments in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 65.1 | 83.8 | 108 | 128 | 25.3% |
| Germany | 21.6 | 29.0 | 31.5 | 35.2 | 17.7% |
| Netherlands | 13.3 | 15.2 | 20.6 | 21.5 | 17.4% |
| Japan | 14.8 | 18.6 | 20.7 | 21.4 | 13.1% |
| United Kingdom | 8.6 | 12.9 | 12.5 | 12.6 | 13.6% |
| Malaysia | 3.5 | 3.6 | 3.8 | 8.3 | 33.4% |
| Australia | 4.9 | 6.8 | 8.9 | 7.5 | 15.2% |
| Brazil | 3.7 | 3.5 | 5.8 | 6.6 | 21.3% |
| South Korea | 2.1 | 3.8 | 4.4 | 6.2 | 43.5% |
| Mexico | 2.5 | 1.4 | 2.6 | 5.1 | 26.8% |
| Philippines | 1.9 | 1.3 | 2.6 | 4.1 | 29.2% |
| Singapore | 1.9 | 2.9 | 1.1 | 3.8 | 26.0% |
| Hong Kong SAR | 1.2 | 2.8 | 3.3 | 3.5 | 42.9% |
| Others | 28.8 | 37.5 | 48.2 | 53.3 | 22.8% |
| Total | 174 | 223 | 274 | 317 | 22.1% |
Top Export Markets for Non-Keyboard Electrical Musical Instruments from China in 2022:
- United States (1384.7K units)
- Germany (398.0K units)
- Mexico (301.9K units)
- Japan (202.2K units)
- Netherlands (199.5K units)
- United Kingdom (175.1K units)
- Philippines (139.8K units)
- Brazil (102.9K units)
- Australia (100.0K units)
- Singapore (97.0K units)
- Hong Kong SAR (76.3K units)
- Malaysia (74.1K units)
- South Korea (66.7K units)
Imports of Non-Keyboard Electrical Musical Instruments in China
In 2022, approx. 122K units of non-keyboard electrical musical instrumentses were imported into China; picking up by 31% against 2021 figures. Over the period under review, total imports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +16.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +77.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 36%. Over the period under review, imports reached the peak figure in 2022 and are likely to see gradual growth in the immediate term.
In value terms, non-keyboard electrical musical instruments imports soared to $51M in 2022. Overall, imports showed significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Non-Keyboard Electrical Musical Instruments in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 4.1 | 6.4 | 8.3 | 15.8 | 56.8% |
| Indonesia | 6.9 | 6.6 | 8.4 | 14.4 | 27.8% |
| Mexico | 2.9 | 2.2 | 2.7 | 9.3 | 47.5% |
| Malaysia | 2.3 | 0.6 | 3.1 | 4.5 | 25.1% |
| Japan | 1.2 | 2.6 | 4.7 | 4.4 | 54.2% |
| Taiwan (Chinese) | 2.1 | 3.4 | 4.0 | 2.7 | 8.7% |
| South Korea | 0.7 | 0.1 | 0.2 | 0.1 | -47.7% |
| Others | 0.3 | 0.2 | 0.3 | 0.4 | 10.1% |
| Total | 20.4 | 22.1 | 31.7 | 51.5 | 36.2% |
Top Suppliers of Non-Keyboard Electrical Musical Instruments to China in 2022:
- Indonesia (64.3K units)
- Mexico (19.0K units)
- United States (11.6K units)
- Taiwan (Chinese) (11.2K units)
- Malaysia (7.4K units)
- Japan (6.4K units)
- South Korea (0.3K units)
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This report provides an in-depth analysis of the electrical musical instrument market in China.
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This report provides an in-depth analysis of the global electrical musical instrument market.
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This report provides an in-depth analysis of the electrical musical instrument market in China.
481
This report provides an in-depth analysis of the global electrical musical instrument market.
222
In February 2023, the electrical musical instrument price was $89.6 per unit (FOB, China), with a notable 21% increase compared to the previous month.
201
Discover the top import markets for electrical musical instruments in 2023. Learn about the key countries driving the global trade of musical instruments.
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In February 2023, the electrical musical instrument price was $89.6 per unit (FOB, China), with a notable 21% increase compared to the previous month.
201
Discover the top import markets for electrical musical instruments in 2023. Learn about the key countries driving the global trade of musical instruments.
