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

Contents:

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

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

The average non-keyboard electrical musical instruments import price stood at $151 per unit in August 2023, which is down by -14.1% against the previous month. Over the period under review, the import price recorded a pronounced descent. The pace of growth was the most pronounced in February 2023 when the average import price increased by 98% month-to-month. Over the period under review, average import prices attained the maximum at $248 per unit in May 2023; however, from June 2023 to August 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Japan ($364 per unit), while the price for Indonesia ($102 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 Malaysia (+5.8%), while the prices for the other major suppliers experienced a decline.

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

In 2022, the average non-keyboard electrical musical instruments export price amounted to $51 per unit, dropping by -58.9% against the previous year. Over the period under review, the export price continues to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2014 when the average export price increased by 117% against the previous year. The export price peaked at $547 per unit in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Singapore ($449 per unit), while the average price for exports to Moldova ($18 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 Georgia (+52.4%), while the prices for the other major destinations experienced a decline.

Imports of Non-Keyboard Electrical Musical Instruments in Ukraine

In 2022, purchases abroad of non-keyboard electrical musical instrumentses decreased by -27.6% to 11K units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, total imports indicated a tangible expansion from 2019 to 2022: its volume increased at an average annual rate of +2.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 37% against the previous year. As a result, imports attained the peak of 15K units, and then contracted significantly in the following year.

In value terms, non-keyboard electrical musical instruments imports contracted significantly to $1.6M in 2022. In general, total imports indicated a notable expansion from 2019 to 2022: its value increased at an average annual rate of +2.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 50% against the previous year. As a result, imports reached the peak of $2.5M, and then dropped dramatically in the following year.

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

1. Indonesia (6.3K units)
2. China (4.1K units)
3. Mexico (0.2K units)
4. Japan (0.2K units)

Exports of Non-Keyboard Electrical Musical Instruments in Ukraine

After three years of growth, shipments abroad of non-keyboard electrical musical instrumentses decreased by -87.2% to 17 units in 2022. Over the period under review, exports, however, recorded a significant expansion. The growth pace was the most rapid in 2020 with an increase of 750% against the previous year. The exports peaked at 133 units in 2021, and then fell notably in the following year.

In value terms, non-keyboard electrical musical instruments exports reduced sharply to $870 in 2022. Overall, exports, however, posted a strong increase. The most prominent rate of growth was recorded in 2020 when exports increased by 966% against the previous year. The exports peaked at $17K in 2021, and then declined remarkably in the following year.

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

1. Moldova (15.0 units)
2. Hungary (1.0 units)
3. Singapore (1.0 units)

Source: IndexBox Market Intelligence Platform