Price for Non-Keyboard Electrical Musical Instruments in Colombia - 2022

Contents:

1. Price for Non-Keyboard Electrical Musical Instruments in Colombia (CIF) - 2022
2. Price for Non-Keyboard Electrical Musical Instruments in Colombia (FOB) - 2022
3. Imports of Non-Keyboard Electrical Musical Instruments in Colombia
4. Exports of Non-Keyboard Electrical Musical Instruments in Colombia

Price for Non-Keyboard Electrical Musical Instruments in Colombia (CIF) - 2022

In February 2022, the average non-keyboard electrical musical instruments import price amounted to $188 per unit, rising by 34% against the previous month. Overall, import price indicated a notable increase from February 2021 to February 2022: its price increased at an average monthly rate of +3.2% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on February 2022 figures, non-keyboard electrical musical instruments import price increased by +34.2% against January 2022 indices. The pace of growth appeared the most rapid in April 2021 when the average import price increased by 52% against the previous month. As a result, import price attained the peak level of $236 per unit. From May 2021 to February 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Mexico ($457 per unit), while the price for China ($162 per unit) was amongst the lowest.

From February 2021 to February 2022, the most notable rate of growth in terms of prices was attained by Mexico (+9.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Non-Keyboard Electrical Musical Instruments in Colombia (FOB) - 2022

The average non-keyboard electrical musical instruments export price stood at $210 per unit in 2022, waning by -43.5% against the previous year. Over the period under review, the export price, however, posted perceptible growth. The pace of growth was the most pronounced in 2014 an increase of 277%. The export price peaked at $500 per unit in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Jamaica.

From 2012 to 2022, the rate of growth in terms of prices for Jamaica amounted to +120.8% per year.

Imports of Non-Keyboard Electrical Musical Instruments in Colombia

In 2022, approx. 25K units of non-keyboard electrical musical instrumentses were imported into Colombia; stabilizing at the previous year. Over the period under review, imports recorded a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 104% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the immediate term.

In value terms, non-keyboard electrical musical instruments imports soared to $3.6M in 2022. In general, imports showed a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 133% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.

Top Suppliers of Non-Keyboard Electrical Musical Instruments to Colombia in 2022:

1. China (18.1K units)
2. Indonesia (6.0K units)
3. Mexico (0.4K units)

Exports of Non-Keyboard Electrical Musical Instruments in Colombia

After three years of growth, shipments abroad of non-keyboard electrical musical instrumentses decreased by -94.7% to 4 units in 2022. Overall, exports continue to indicate a dramatic descent. The pace of growth appeared the most rapid in 2021 when exports increased by 77% against the previous year. As a result, the exports reached the peak of 76 units, and then fell remarkably in the following year.

In value terms, non-keyboard electrical musical instruments exports contracted remarkably to $840 in 2022. In general, exports faced a precipitous shrinkage. The pace of growth appeared the most rapid in 2021 with an increase of 139%. As a result, the exports attained the peak of $28K, and then shrank sharply in the following year.

Top Export Markets for Non-Keyboard Electrical Musical Instruments from Colombia in 2022:

1. Jamaica (4.0 units)

Source: IndexBox Market Intelligence Platform