Report Update: Apr 12, 2024

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

Single report

Sent by email within 24h (Mon-Fri)

$599 Basic Edition

$2095 Professional Edition

What's the difference?

Subscription

Online access and download

from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing

Electrical Musical Instrument Price in Indonesia - 2022

Electrical Musical Instrument Price in Indonesia (FOB) - 2022

The average electrical musical instrument export price stood at $666 per unit in March 2022, stabilizing at the previous month. In general, the export price posted resilient growth. The most prominent rate of growth was recorded in February 2022 when the average export price increased by 236% m-o-m. The export price peaked in March 2022.

Average prices varied noticeably for the major external markets. In March 2022, the highest price was recorded for prices to China ($679 per unit) and Malaysia ($676 per unit), while the average price for exports to the Netherlands ($648 per unit) and Russia ($648 per unit) were amongst the lowest.

From March 2021 to March 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+16.7%), while the prices for the other major destinations experienced more modest paces of growth.

Electrical Musical Instrument Price in Indonesia (CIF) - 2022

The average electrical musical instrument import price stood at $459 per unit in March 2022, approximately equating the previous month. Overall, the import price enjoyed a slight expansion. The most prominent rate of growth was recorded in February 2022 when the average import price increased by 98% m-o-m. Over the period under review, average import prices attained the maximum in March 2022.

Average prices varied noticeably amongst the major supplying countries. In March 2022, the highest price was recorded for prices from India ($475 per unit) and Japan ($465 per unit), while the price for China ($453 per unit) and Malaysia ($465 per unit) were amongst the lowest.

From March 2021 to March 2022, the most notable rate of growth in terms of prices was attained by India (+30.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Electrical Musical Instrument Exports in Indonesia

In 2022, the amount of electrical musical or keyboard instruments exported from Indonesia skyrocketed to 977K units, jumping by 62% against the previous year. Over the period under review, exports recorded a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, electrical musical instrument exports stood at $451M in 2022. In general, total exports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +13.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +52.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 36%. The exports peaked in 2022 and are likely to see steady growth in the near future.

Export of Electrical Musical Instrument in Indonesia (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	85.1	86.5	129	140	18.1%
Germany	46.2	46.0	57.4	66.2	12.7%
Japan	39.8	35.2	42.1	48.7	7.0%
China	27.9	21.7	31.8	37.0	9.9%
United Kingdom	13.4	13.1	17.3	18.7	11.7%
Netherlands	14.1	17.2	23.5	17.8	8.1%
South Korea	10.2	9.3	11.6	16.7	17.9%
France	9.4	9.3	13.7	15.5	18.1%
Australia	7.2	8.2	9.9	11.2	15.9%
Canada	5.6	6.0	6.7	9.3	18.4%
United Arab Emirates	9.5	4.9	6.0	9.3	-0.7%
Malaysia	5.9	4.3	6.3	9.1	15.5%
Others	33.7	34.4	46.3	51.2	15.0%
Total	308	296	401	451	13.6%

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

United States (295.4K units)
Germany (146.0K units)
Japan (108.5K units)
China (82.6K units)
United Kingdom (40.7K units)
South Korea (36.6K units)
Netherlands (36.1K units)
France (34.3K units)
Australia (24.2K units)
United Arab Emirates (20.8K units)
Canada (20.5K units)
Malaysia (20.5K units)

Electrical Musical Instrument Imports in Indonesia

In 2022, supplies from abroad of electrical musical or keyboard instruments was finally on the rise to reach 27K units after two years of decline. In general, imports, however, continue to indicate a abrupt shrinkage. Imports peaked at 35K units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, electrical musical instrument imports soared to $13M in 2022. Over the period under review, imports, however, recorded a mild setback. Imports peaked at $14M in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Import of Electrical Musical Instrument in Indonesia (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	11.1	8.2	8.6	7.8	-11.1%
Malaysia	0.7	0.9	1.2	1.9	39.5%
India	0.1	0.1	0.1	1.2	128.9%
United States	0.4	0.3	0.3	1.1	40.1%
Japan	0.7	0.3	0.5	0.5	-10.6%
Singapore	0.1	0.1	0.1	0.2	26.0%
Others	0.6	1.3	0.2	0.6	0.0%
Total	13.6	11.1	11.1	13.2	-1.0%

Top Suppliers of Electrical Musical Instrument to Indonesia in 2022:

China (15.6K units)
Malaysia (3.6K units)
United States (2.5K units)
India (2.2K units)
Japan (1.2K units)
Singapore (0.5K units)

Source: IndexBox Market Intelligence Platform

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

Indonesia

Data coverage:

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