Price for Non-Keyboard Electrical Musical Instruments in New Zealand - 2023

Contents:

1. Price for Non-Keyboard Electrical Musical Instruments in New Zealand (CIF) - 2023
2. Price for Non-Keyboard Electrical Musical Instruments in New Zealand (FOB) - 2022
3. Imports of Non-Keyboard Electrical Musical Instruments in New Zealand
4. Exports of Non-Keyboard Electrical Musical Instruments in New Zealand

Price for Non-Keyboard Electrical Musical Instruments in New Zealand (CIF) - 2023

In September 2023, the average non-keyboard electrical musical instruments import price amounted to $287 per unit, rising by 92% against the previous month. Overall, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in November 2022 an increase of 260% against the previous month. The import price peaked at $467 per unit in April 2023; however, from May 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 ($1,072 per unit), while the price for China ($103 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 Argentina (+16.7%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average non-keyboard electrical musical instruments export price amounted to $1,864 per unit, rising by 101% against the previous year. Over the period under review, the export price recorded noticeable growth. The pace of growth was the most pronounced in 2016 when the average export price increased by 212% against the previous year. The export price peaked at $8,725 per unit in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($10,644 per unit), while the average price for exports to Samoa ($434 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 Japan (+8.8%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Non-Keyboard Electrical Musical Instruments in New Zealand

In 2022, after three years of growth, there was significant decline in overseas purchases of non-keyboard electrical musical instrumentses, when their volume decreased by -5.6% to 32K units. Overall, total imports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +14.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +49.6% against 2019 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 44%. As a result, imports attained the peak of 34K units, and then reduced in the following year.

In value terms, non-keyboard electrical musical instruments imports reached $7.6M in 2022. In general, imports, however, posted significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 77%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

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

1. China (18.6K units)
2. Indonesia (7.0K units)
3. United States (2.5K units)
4. Malaysia (1.3K units)
5. Mexico (1.1K units)

Exports of Non-Keyboard Electrical Musical Instruments in New Zealand

In 2022, shipments abroad of non-keyboard electrical musical instrumentses decreased by -15.4% to 66 units, falling for the second year in a row after two years of growth. In general, exports, however, enjoyed significant growth. The growth pace was the most rapid in 2020 when exports increased by 657%. As a result, the exports reached the peak of 174 units. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, non-keyboard electrical musical instruments exports surged to $123K in 2022. Overall, exports saw a abrupt shrinkage. Over the period under review, the exports reached the maximum at $166K in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

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

1. Australia (34.0 units)
2. United States (13.0 units)
3. United Kingdom (11.0 units)
4. Samoa (6.0 units)
5. Taiwan (Chinese) (1.0 units)
6. Chile (1.0 units)

Source: IndexBox Market Intelligence Platform