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

Contents:

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

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

In 2022, the average non-keyboard electrical musical instruments import price amounted to $380 per unit, which is down by -7.5% against the previous year. In general, import price indicated a strong expansion from 2012 to 2022: its price increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, non-keyboard electrical musical instruments import price increased by +54.5% against 2016 indices. The most prominent rate of growth was recorded in 2014 when the average import price increased by 24%. The import price peaked at $411 per unit in 2021, and then reduced in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were South Korea ($386 per unit) and Malaysia ($380 per unit), while the price for Indonesia ($380 per unit) and China ($380 per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+7.2%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average non-keyboard electrical musical instruments export price stood at $579 per unit in 2022, with a decrease of -12.4% against the previous year. In general, the export price, however, saw a resilient expansion. The most prominent rate of growth was recorded in 2017 an increase of 39% against the previous year. The export price peaked at $661 per unit in 2021, and then contracted in the following year.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was El Salvador ($614 per unit), while the average price for exports to Bahrain ($20 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 Nicaragua (+89.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Keyboard Electrical Musical Instruments in Guatemala

Non-keyboard electrical musical instruments imports into Guatemala soared to 15K units in 2022, growing by 162% on 2021 figures. In general, imports enjoyed significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, non-keyboard electrical musical instruments imports skyrocketed to $5.5M in 2022. Overall, imports recorded a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

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

1. China (6.9K units)
2. Indonesia (4.6K units)
3. Malaysia (1.9K units)
4. United States (0.8K units)

Exports of Non-Keyboard Electrical Musical Instruments in Guatemala

In 2022, approx. 34 units of non-keyboard electrical musical instrumentses were exported from Guatemala; waning by -64.6% against the previous year's figure. Over the period under review, exports faced a sharp setback. The smallest decline of -31.9% was in 2021. The exports peaked at 346 units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, non-keyboard electrical musical instruments exports shrank rapidly to $20K in 2022. Overall, exports showed a precipitous decline. The smallest decline of -21.8% was in 2021. Over the period under review, the exports hit record highs at $217K in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

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

1. Nicaragua (16.0 units)
2. El Salvador (13.0 units)
3. Honduras (3.0 units)
4. Bahrain (1.0 units)
5. Mexico (1.0 units)

Source: IndexBox Market Intelligence Platform