Price for Non-Keyboard Electrical Musical Instruments in Venezuela - 2022

Contents:

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

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

In 2022, the average non-keyboard electrical musical instruments export price amounted to $394 per unit, jumping by 24% against the previous year. In general, the export price saw moderate growth. The most prominent rate of growth was recorded in 2021 when the average export price increased by 525% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($2,268 per unit), while the average price for exports to the United States ($48 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 the UK (+17.5%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, the average non-keyboard electrical musical instruments import price amounted to $86 per unit, declining by -8.1% against the previous year. Overall, the import price saw a abrupt shrinkage. The pace of growth appeared the most rapid in 2015 an increase of 68%. As a result, import price attained the peak level of $279 per unit. From 2016 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($123 per unit), while the price for Panama ($39 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-3.8%), while the prices for the other major suppliers experienced a decline.

Exports of Non-Keyboard Electrical Musical Instruments in Venezuela

Non-keyboard electrical musical instruments exports from Venezuela skyrocketed to 55 units in 2022, increasing by 139% on 2021. Over the period under review, exports enjoyed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, non-keyboard electrical musical instruments exports surged to $22K in 2022. Overall, exports posted a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 927%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

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

1. United States (22.0 units)
2. Panama (14.0 units)
3. Canada (4.0 units)
4. Spain (3.0 units)
5. United Kingdom (2.0 units)
6. Chile (2.0 units)
7. Japan (2.0 units)
8. Australia (1.0 units)
9. Costa Rica (1.0 units)
10. Luxembourg (1.0 units)
11. France (1.0 units)
12. Netherlands (1.0 units)
13. Switzerland (1.0 units)

Imports of Non-Keyboard Electrical Musical Instruments in Venezuela

Non-keyboard electrical musical instruments imports into Venezuela rose remarkably to 71 units in 2022, picking up by 7.6% on the previous year. The total import volume increased at an average annual rate of +7.6% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 8.8%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, non-keyboard electrical musical instruments imports dropped modestly to $6.1K in 2022. Over the period under review, imports, however, recorded a slight shrinkage. The smallest decline of -1.1% was in 2021. Over the period under review, imports attained the maximum at $6.3K in 2019; however, from 2020 to 2022, imports remained at a lower figure.

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

1. India (20.0 units)
2. Panama (13.0 units)
3. Hong Kong SAR (11.0 units)
4. Colombia (4.0 units)
5. United States (3.0 units)
6. China (2.0 units)
7. Canada (1.0 units)
8. Brazil (1.0 units)
9. Costa Rica (1.0 units)
10. Chile (1.0 units)
11. Belgium (1.0 units)
12. Argentina (1.0 units)
13. Ecuador (1.0 units)

Source: IndexBox Market Intelligence Platform