Price for Non-Keyboard Electrical Musical Instruments in Costa Rica - 2022

Contents:

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

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

The average non-keyboard electrical musical instruments import price stood at $429 per unit in 2022, surging by 9.1% against the previous year. Overall, the import price recorded a resilient expansion. The pace of growth was the most pronounced in 2016 an increase of 75%. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in years to come.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Indonesia ($430 per unit) and South Korea ($430 per unit), while the price for Japan ($406 per unit) and China ($429 per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Panama (+11.8%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average non-keyboard electrical musical instruments export price stood at $422 per unit in 2022, reducing by -17.9% against the previous year. In general, the export price, however, saw a moderate increase. The pace of growth was the most pronounced in 2020 when the average export price increased by 151%. As a result, the export price reached the peak level of $523 per unit. From 2021 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Panama ($709 per unit), while the average price for exports to Mexico ($58 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 Spain (+33.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Keyboard Electrical Musical Instruments in Costa Rica

In 2022, non-keyboard electrical musical instruments imports into Costa Rica dropped modestly to 2K units, approximately mirroring 2021. Overall, imports recorded a noticeable decrease. The pace of growth was the most pronounced in 2021 when imports increased by 3.6%. Over the period under review, imports reached the peak figure at 2.3K units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, non-keyboard electrical musical instruments imports rose rapidly to $868K in 2022. The total import value increased at an average annual rate of +6.4% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 17% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to continue growth in years to come.

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

1. United States (1246.0 units)
2. China (521.0 units)
3. Indonesia (170.0 units)
4. South Korea (57.0 units)

Exports of Non-Keyboard Electrical Musical Instruments in Costa Rica

In 2022, the amount of non-keyboard electrical musical instrumentses exported from Costa Rica soared to 17 units, increasing by 55% compared with 2021 figures. Over the period under review, exports showed a buoyant expansion. The pace of growth was the most pronounced in 2020 with an increase of 279%. As a result, the exports attained the peak of 53 units. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, non-keyboard electrical musical instruments exports surged to $7.2K in 2022. In general, exports saw a significant increase. The growth pace was the most rapid in 2020 when exports increased by 849%. As a result, the exports reached the peak of $28K. From 2021 to 2022, the growth of the exports remained at a lower figure.

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

1. United States (11.0 units)
2. Israel (1.0 units)
3. Mexico (1.0 units)
4. Panama (1.0 units)
5. Malaysia (1.0 units)
6. Nicaragua (1.0 units)
7. Spain (1.0 units)

Source: IndexBox Market Intelligence Platform