Price for Non-Keyboard Electrical Musical Instruments in Egypt - 2023

Contents:

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

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

The average non-keyboard electrical musical instruments import price stood at $362 per unit in 2022, falling by -11.4% against the previous year. Over the period under review, the import price, however, showed prominent growth. The most prominent rate of growth was recorded in 2018 when the average import price increased by 63%. The import price peaked at $409 per unit in 2021, and then fell 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 Morocco ($522 per unit), while the price for Spain ($26 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+32.4%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average non-keyboard electrical musical instruments export price stood at $144 per unit in 2022, rising by 188% against the previous year. Over the period under review, the export price, however, showed a deep downturn. Over the period under review, the average export prices hit record highs at $374 per unit in 2013; however, from 2014 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 the United Arab Emirates.

From 2012 to 2022, the rate of growth in terms of prices for Israel amounted to +20.8% per year.

Imports of Non-Keyboard Electrical Musical Instruments in Egypt

In 2022, overseas purchases of non-keyboard electrical musical instrumentses decreased by -74.9% to 45 units, falling for the second consecutive year after two years of growth. Overall, imports faced a precipitous decline. The growth pace was the most rapid in 2020 with an increase of 259% against the previous year. As a result, imports reached the peak of 460 units. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, non-keyboard electrical musical instruments imports dropped rapidly to $16K in 2022. Over the period under review, imports saw a abrupt curtailment. The growth pace was the most rapid in 2020 when imports increased by 392% against the previous year. As a result, imports reached the peak of $130K. From 2021 to 2022, the growth of imports remained at a lower figure.

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

1. China (41.0 units)
2. United States (1.0 units)
3. Morocco (1.0 units)
4. Germany (1.0 units)
5. Spain (1.0 units)

Exports of Non-Keyboard Electrical Musical Instruments in Egypt

In 2022, approx. 35 units of non-keyboard electrical musical instrumentses were exported from Egypt; increasing by 1,650% compared with the previous year. Over the period under review, exports showed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, non-keyboard electrical musical instruments exports skyrocketed to $5K in 2022. In general, exports enjoyed a significant increase. Over the period under review, the exports reached the maximum at $10K in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

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

1. United Arab Emirates (35.0 units)

Source: IndexBox Market Intelligence Platform