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

Price for Non-Keyboard Electrical Musical Instruments in Japan (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. Over the period under review, import price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of +3.8% 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 +54.4% against 2016 indices. The pace of growth appeared the most rapid in 2020 an increase of 22% against the previous year. The import price peaked at $411 per unit in 2021, and then contracted in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Taiwan (Chinese) ($380 per unit) and Indonesia ($380 per unit), while the price for South Korea ($380 per unit) and Mexico ($380 per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+12.4%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average non-keyboard electrical musical instruments export price stood at $597 per unit in 2022, waning by -7.8% against the previous year. In general, the export price, however, posted strong growth. The most prominent rate of growth was recorded in 2015 when the average export price increased by 40% against the previous year. Over the period under review, the average export prices attained the peak figure at $648 per unit in 2021, and then declined in the following year.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Canada ($598 per unit) and Taiwan (Chinese) ($598 per unit), while the average price for exports to South Korea ($597 per unit) and France ($597 per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+5.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Keyboard Electrical Musical Instruments in Japan

In 2022, supplies from abroad of non-keyboard electrical musical instrumentses increased by 23% to 219K units for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, showed a noticeable downturn. Over the period under review, imports hit record highs at 240K units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, non-keyboard electrical musical instruments imports stood at $83M in 2022. The total import value increased at an average annual rate of +4.1% from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Non-Keyboard Electrical Musical Instruments in Japan (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	32.7	27.1	27.9	31.0	-1.8%
China	18.9	21.2	19.8	22.3	5.7%
Indonesia	7.6	9.9	11.0	14.4	23.7%
Mexico	2.8	2.9	5.4	6.0	28.9%
Malaysia	3.6	4.7	2.5	3.0	-5.9%
Taiwan (Chinese)	0.6	0.7	1.3	1.7	41.5%
South Korea	2.4	1.7	1.4	1.4	-16.4%
Others	5.4	3.5	3.6	3.7	-11.8%
Total	73.9	71.8	73.0	83.5	4.2%

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

United States (81.6K units)
China (58.5K units)
Indonesia (38.0K units)
Mexico (15.8K units)
Malaysia (7.8K units)
Taiwan (Chinese) (4.5K units)
South Korea (3.6K units)

Exports of Non-Keyboard Electrical Musical Instruments in Japan

In 2022, approx. 86K units of non-keyboard electrical musical instrumentses were exported from Japan; increasing by 25% compared with 2021. Overall, total exports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +14.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +49.3% against 2019 indices. 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 surged to $51M in 2022. In general, total exports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +18.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +66.0% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 34% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.

Export of Non-Keyboard Electrical Musical Instruments in Japan (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	13.1	14.0	16.9	19.2	13.6%
Germany	3.7	3.6	4.0	6.4	20.0%
China	0.8	2.3	5.0	4.3	75.2%
Netherlands	1.3	2.7	2.3	3.0	32.1%
United Kingdom	0.9	0.8	1.8	2.7	44.2%
Australia	1.1	1.0	2.0	2.1	24.1%
Hong Kong SAR	1.9	1.3	1.5	1.5	-7.6%
Russia	0.7	1.1	1.7	1.4	26.0%
Taiwan (Chinese)	0.3	0.3	0.7	1.1	54.2%
South Korea	0.9	0.6	1.1	1.1	6.9%
France	1.0	0.8	1.0	1.0	0.0%
Singapore	0.5	0.4	0.7	0.9	21.6%
Others	4.8	4.3	5.5	6.4	10.1%
Total	30.8	33.2	44.4	51.2	18.5%