Report Update: Apr 12, 2024

Australia - Electrical Musical Or Keyboard Instruments - Market Analysis, Forecast, Size, Trends And Insights

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Electrical Musical Instrument Price in Australia - 2023

Electrical Musical Instrument Price in Australia (CIF) - 2023

The average electrical musical instrument import price stood at $236 per unit in September 2023, dropping by -29.3% against the previous month. In general, the import price showed a mild slump. The pace of growth was the most pronounced in February 2023 an increase of 27% m-o-m. The import price peaked at $388 per unit in May 2023; however, from June 2023 to September 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Japan ($1,634 per unit), while the price for China ($98.0 per unit) was amongst the lowest.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Japan (+13.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Electrical Musical Instrument Price in Australia (FOB) - 2022

In 2022, the average electrical musical instrument export price amounted to $402 per unit, rising by 63% against the previous year. Overall, the export price, however, continues to indicate a slight downturn. The export price peaked at $495 per unit in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Spain ($1,283 per unit), while the average price for exports to Lithuania ($1.4 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 New Caledonia (+22.7%), while the prices for the other major destinations experienced more modest paces of growth.

Electrical Musical Instrument Imports in Australia

In 2022, purchases abroad of electrical musical or keyboard instruments decreased by -18.6% to 293K units for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +2.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 20%. Imports peaked at 360K units in 2021, and then dropped markedly in the following year.

In value terms, electrical musical instrument imports expanded significantly to $96M in 2022. In general, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +18.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +66.1% against 2019 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 40%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the near future.

Import of Electrical Musical Instrument in Australia (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	10.2	11.8	20.2	23.2	31.5%
China	19.0	24.1	27.8	22.3	5.5%
Indonesia	11.5	11.0	16.0	20.7	21.6%
Malaysia	6.5	6.4	8.6	11.3	20.2%
Mexico	3.0	2.7	5.5	7.7	36.9%
Japan	2.5	2.8	4.0	4.5	21.6%
India	N/A	N/A	0.1	0.7	600.0%
Others	4.9	4.2	6.3	5.1	1.3%
Total	57.5	63.0	88.5	95.6	18.5%

Top Suppliers of Electrical Musical Instrument to Australia in 2022:

China (170.4K units)
Indonesia (54.0K units)
United States (17.4K units)
Malaysia (17.4K units)
Mexico (13.3K units)
Japan (7.0K units)
India (4.9K units)

Electrical Musical Instrument Exports in Australia

In 2022, the amount of electrical musical or keyboard instruments exported from Australia rose significantly to 9.8K units, growing by 10% against the previous year's figure. Overall, exports posted buoyant growth. The pace of growth was the most pronounced in 2021 when exports increased by 145% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, electrical musical instrument exports surged to $3.9M in 2022. In general, exports continue to indicate a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Export of Electrical Musical Instrument in Australia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	234	159	450	1,960	103.1%
New Zealand	573	245	680	826	13.0%
Spain	N/A	1.8	149	245	1066.7%
Indonesia	56.2	106	10.7	132	32.9%
China	621	17.6	22.8	81.4	-49.2%
Papua New Guinea	12.3	11.7	169	76.2	83.7%
Germany	290	126	51.2	54.9	-42.6%
Philippines	0.3	0.2	12.4	12.7	248.5%
New Caledonia	57.2	95.4	29.9	11.3	-41.8%
Lithuania	N/A	N/A	N/A	3.0	0%
Others	377	523	627	543	12.9%
Total	2,222	1,286	2,202	3,944	21.1%

Top Export Markets for Electrical Musical Instrument from Australia in 2022:

New Zealand (2798.0 units)
Lithuania (2070.0 units)
United States (1654.0 units)
Indonesia (1058.0 units)
China (472.0 units)
Papua New Guinea (318.0 units)
Philippines (307.0 units)
Spain (191.0 units)
Germany (133.0 units)
New Caledonia (26.0 units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the electrical musical instrument market in Australia. 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:

Australia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Australia
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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023