Price for Non-Keyboard Electrical Musical Instruments in the UK - 2023
Contents:
- Price for Non-Keyboard Electrical Musical Instruments in the UK (CIF) - 2023
- Price for Non-Keyboard Electrical Musical Instruments in the UK (FOB) - 2023
- Imports of Non-Keyboard Electrical Musical Instruments in the UK
- Exports of Non-Keyboard Electrical Musical Instruments in the UK
Price for Non-Keyboard Electrical Musical Instruments in the UK (CIF) - 2023
The average non-keyboard electrical musical instruments import price stood at $334 per unit in August 2023, increasing by 2% against the previous month. Overall, import price indicated a perceptible expansion from August 2022 to August 2023: its price increased at an average monthly rate of +4.0% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on August 2023 figures, non-keyboard electrical musical instruments import price increased by +24.8% against June 2023 indices. The pace of growth appeared the most rapid in December 2022 when the average import price increased by 41% month-to-month. The import price peaked at $459 per unit in March 2023; however, from April 2023 to August 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($987 per unit), while the price for China ($168 per unit) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Mexico (+4.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Non-Keyboard Electrical Musical Instruments in the UK (FOB) - 2023
In August 2023, the average non-keyboard electrical musical instruments export price amounted to $710 per unit, picking up by 35% against the previous month. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in June 2023 when the average export price increased by 107% month-to-month. Over the period under review, the average export prices hit record highs at $1,195 per unit in April 2023; however, from May 2023 to August 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In August 2023, the country with the highest price was the United States ($2,164 per unit), while the average price for exports to Lithuania ($156 per unit) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+8.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Non-Keyboard Electrical Musical Instruments in the UK
In 2022, the amount of non-keyboard electrical musical instrumentses imported into the UK expanded notably to 481K units, increasing by 7% against the previous year's figure. The total import volume increased at an average annual rate of +9.1% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2020 with an increase of 23%. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the immediate term.
In value terms, non-keyboard electrical musical instruments imports amounted to $121M in 2022. The total import value increased at an average annual rate of +10.1% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 21% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the immediate term.
| Import of Non-Keyboard Electrical Musical Instruments in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 9.8 | 9.4 | 11.5 | 35.2 | 53.1% |
| China | 10.1 | 13.2 | 14.3 | 33.4 | 49.0% |
| Indonesia | 7.2 | 7.9 | 12.5 | 20.2 | 41.0% |
| Mexico | N/A | N/A | N/A | 8.0 | 0% |
| Malaysia | 1.1 | N/A | N/A | 5.7 | 73.0% |
| Japan | 1.2 | 1.0 | 2.5 | 4.9 | 59.8% |
| South Korea | 4.1 | 1.8 | 1.9 | 3.7 | -3.4% |
| Vietnam | 1.3 | 1.1 | 1.8 | 3.4 | 37.8% |
| Germany | 6.7 | 11.8 | 11.6 | 1.7 | -36.7% |
| Netherlands | 43.1 | 45.0 | 59.5 | 0.3 | -80.9% |
| Belgium | 3.2 | 4.4 | N/A | 0.1 | -68.5% |
| Others | 3.0 | 3.8 | 4.1 | 4.5 | 14.5% |
| Total | 90.7 | 99.4 | 120 | 121 | 10.1% |
Top Suppliers of Non-Keyboard Electrical Musical Instruments to the UK in 2022:
- China (230.2K units)
- Indonesia (84.3K units)
- United States (55.1K units)
- Mexico (23.6K units)
- Malaysia (22.6K units)
- Vietnam (22.6K units)
- Japan (11.5K units)
- South Korea (8.6K units)
- Germany (4.4K units)
- Netherlands (0.8K units)
- Belgium (0.2K units)
Exports of Non-Keyboard Electrical Musical Instruments in the UK
In 2022, non-keyboard electrical musical instruments exports from the UK rose notably to 52K units, with an increase of 10% on the previous year. Overall, exports, however, saw a noticeable contraction. Over the period under review, the exports attained the maximum at 58K units in 2020; however, from 2021 to 2022, the exports failed to regain momentum.
In value terms, non-keyboard electrical musical instruments exports soared to $40M in 2022. Over the period under review, total exports indicated a resilient increase from 2019 to 2022: its value 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 +49.2% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Non-Keyboard Electrical Musical Instruments in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 7.7 | 9.2 | 11.4 | 15.2 | 25.4% |
| United States | 4.2 | 2.9 | 3.4 | 5.8 | 11.4% |
| Netherlands | 1.6 | 2.1 | 3.1 | 3.5 | 29.8% |
| Sweden | 2.3 | 1.7 | 1.4 | 1.9 | -6.2% |
| Spain | 1.5 | 1.3 | 1.7 | 1.8 | 6.3% |
| Italy | 1.5 | 1.5 | 1.4 | 1.7 | 4.3% |
| Switzerland | 0.6 | 1.1 | 1.4 | 1.4 | 32.6% |
| France | 1.5 | 0.9 | 1.2 | 1.0 | -12.6% |
| Ireland | 1.1 | 0.8 | 0.6 | 0.6 | -18.3% |
| Others | 5.0 | 6.1 | 7.1 | 6.8 | 10.8% |
| Total | 26.7 | 27.6 | 32.6 | 39.9 | 14.3% |
Top Export Markets for Non-Keyboard Electrical Musical Instruments from the UK in 2022:
- Germany (20.7K units)
- United States (5.3K units)
- Netherlands (5.1K units)
- Sweden (2.9K units)
- Spain (2.8K units)
- Italy (2.6K units)
- France (1.7K units)
- Ireland (1.4K units)
- Switzerland (1.1K units)
391
This report provides an in-depth analysis of the electrical musical instrument market in the UK.
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This report provides an in-depth analysis of the global electrical musical instrument market.
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This report provides an in-depth analysis of the electrical musical instrument market in the UK.
482
This report provides an in-depth analysis of the global electrical musical instrument market.
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In 2020, Electrical Musical Instrument imports reached a peak of 921K units. From 2021 to 2023, imports stayed at a lower level, with a slight decline in value to $187M in 2023.
202
Discover the top import markets for electrical musical instruments in 2023. Learn about the key countries driving the global trade of musical instruments.
99
In 2020, Electrical Musical Instrument imports reached a peak of 921K units. From 2021 to 2023, imports stayed at a lower level, with a slight decline in value to $187M in 2023.
202
Discover the top import markets for electrical musical instruments in 2023. Learn about the key countries driving the global trade of musical instruments.
