China - Electrical Musical Or Keyboard Instruments - Market Analysis, Forecast, Size, Trends And Insights
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View PricingChina's Electrical Musical Instrument Price Jumps 21% to $89.6 per Unit
China Electrical Musical Instrument Export Price in February 2023
In February 2023, the electrical musical instrument price amounted to $89.6 per unit (FOB, China), with an increase of 21% against the previous month. Overall, export price indicated measured growth from February 2022 to February 2023: its price increased at an average monthly rate of +2.9% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on February 2023 figures, electrical musical instrument export price increased by +20.8% against January 2023 indices. The growth pace was the most rapid in November 2022 an increase of 62% against the previous month. Over the period under review, the average export prices reached the maximum at $93.5 per unit in March 2022; however, from April 2022 to February 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Germany ($151 per unit), while the average price for exports to Mexico ($48.7 per unit) was amongst the lowest.
From February 2022 to February 2023, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+15.7%), while the prices for the other major destinations experienced more modest paces of growth.
| COUNTRY | Export Price of Electrical Musical Instrument in China (USD per unit) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Feb 2022 | Mar 2022 | Apr 2022 | May 2022 | Jun 2022 | Jul 2022 | Aug 2022 | Sep 2022 | Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | |
| Germany | 99.8 | 109 | 91.2 | 76.5 | 86.2 | 83.8 | 88.1 | 94.7 | 100 | 94.7 | 82.6 | 103 | 151 |
| Japan | 90.7 | 155 | 104 | 100 | 99.2 | 107 | 91.3 | 92.6 | 88.4 | 96.6 | 93.8 | 104 | 131 |
| South Korea | 103 | 138 | 111 | 122 | 89.8 | 99.4 | 134 | 98.3 | 119 | 107 | 95.4 | 116 | 128 |
| Malaysia | 95.1 | 92.1 | 72.2 | 105 | 108 | 96.7 | 97.4 | 113 | 138 | 89.0 | 122 | 154 | 99.9 |
| United States | 86.0 | 100 | 93.2 | 83.9 | 84.8 | 79.3 | 80.5 | 82.7 | 67.0 | 101 | 90.5 | 95.6 | 90.0 |
| Russia | 25.6 | 35.1 | 48.8 | 61.7 | 86.0 | 87.5 | 36.7 | 69.0 | 80.3 | 67.7 | 94.1 | 67.4 | 88.1 |
| United Kingdom | 66.2 | 71.0 | 71.8 | 69.0 | 51.6 | 74.2 | 70.5 | 56.3 | 63.3 | 61.6 | 99.0 | 68.9 | 87.9 |
| Netherlands | 95.7 | 73.5 | 102 | 107 | 110 | 113 | 96.1 | 100 | 145 | 110 | 129 | 102 | 81.4 |
| Australia | 142 | 82.7 | 66.8 | 69.4 | 70.5 | 76.9 | 70.4 | 79.8 | 67.3 | 83.4 | 51.5 | 105 | 78.0 |
| Brazil | 90.1 | 74.1 | 64.0 | 48.2 | 60.5 | 76.0 | 86.2 | 70.6 | 62.0 | 59.5 | 76.8 | 70.3 | 75.1 |
| India | 16.6 | 55.7 | 32.2 | 36.5 | 31.9 | 38.7 | 33.0 | 38.5 | 37.3 | 34.4 | 36.4 | 44.7 | 62.8 |
| Singapore | 53.9 | 65.0 | 94.4 | 82.6 | 32.7 | 79.3 | 60.0 | 25.8 | 29.9 | 51.7 | 66.8 | 60.2 | 55.1 |
| Mexico | 8.5 | 82.5 | 44.6 | 58.3 | 44.5 | 6.4 | 52.9 | 54.6 | 46.9 | 60.1 | 66.3 | 50.1 | 48.7 |
| Average | 63.5 | 93.5 | 80.2 | 69.2 | 71.3 | 66.0 | 76.1 | 70.9 | 47.0 | 76.2 | 81.8 | 74.2 | 89.6 |
China Electrical Musical Instrument Export Prices by Type
Average prices varied noticeably for the major types of exported product. In February 2023, the product with the highest price was keyboard electrical musical instruments, other than accordions ($90.5 per unit), while the average price for exports of non-keyboard electrical musical instruments amounted to $87.8 per unit.
From February 2022 to February 2023, the most notable rate of growth in terms of prices was recorded for the following types: non-keyboard electrical musical instruments (+3.8%).
China Electrical Musical Instrument Exports
In February 2023, shipments abroad of electrical musical or keyboard instruments decreased by -48.2% to 335K units, falling for the fourth consecutive month after two months of growth. In general, exports saw a deep downturn. The most prominent rate of growth was recorded in July 2022 with an increase of 28% m-o-m. Over the period under review, the exports reached the maximum at 1.3M units in October 2022; however, from November 2022 to February 2023, the exports stood at a somewhat lower figure.
In value terms, electrical musical instrument exports plummeted to $30M (IndexBox estimates) in February 2023. Overall, exports recorded a noticeable decline. The growth pace was the most rapid in March 2022 when exports increased by 44% against the previous month. Over the period under review, the exports attained the maximum at 80M units in August 2022; however, from September 2022 to February 2023, the exports stood at a somewhat lower figure.
China Electrical Musical Instrument Exports by Type
Keyboard electrical musical instruments, other than accordions (228K units) was the largest type of electrical musical instrument exported from China, accounting for a 68% share of total exports. Moreover, keyboard electrical musical instruments, other than accordions exceeded the volume of the second product type, non-keyboard electrical musical instruments (107K units), twofold.
From February 2022 to February 2023, the average monthly rate of growth in terms of the volume of export of keyboard electrical musical instruments, other than accordions stood at -3.0%.
In value terms, keyboard electrical musical instruments, other than accordions ($21M) remains the largest type of electrical musical instrument exported from China, comprising 69% of total exports. The second position in the ranking was held by non-keyboard electrical musical instruments ($9.4M), with a 31% share of total exports.
From February 2022 to February 2023, the average monthly rate of growth in terms of the export volume of keyboard electrical musical instruments, other than accordions was relatively modest.
China Electrical Musical Instrument Exports by Country
The United States (57K units), Japan (34K units) and India (16K units) were the main destinations of electrical musical instrument exports from China, with a combined 32% share of total exports. These countries were followed by Russia, South Korea, Malaysia, the UK, Germany, the Netherlands, Brazil, Singapore, Australia and Mexico, which together accounted for a further 35%.
From February 2022 to February 2023, the biggest increases were in Singapore (with a CAGR of +8.7%), while shipments for the other leaders experienced more modest paces of growth.
In value terms, the largest markets for electrical musical instrument exported from China were the United States ($5.1M), Japan ($4.4M) and South Korea ($1.8M), together comprising 38% of total exports. Germany, Malaysia, Russia, the UK, India, the Netherlands, Brazil, Australia, Singapore and Mexico lagged somewhat behind, together accounting for a further 33%.
In terms of the main countries of destination, Singapore, with a CAGR of +8.8%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.
This report provides an in-depth analysis of the electrical musical instrument market in China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 32201400 - Musical or keyboard instruments, the sound of which is produced, or must be amplified, electrically
Country coverage:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in China
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
