Report Update: May 1, 2024

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

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Electrical Musical Instrument Price in Ireland - 2023

Electrical Musical Instrument Price in Ireland (CIF) - 2022

The average electrical musical instrument import price stood at $241 per unit in 2022, shrinking by -21.9% against the previous year. In general, the import price showed a pronounced curtailment. The most prominent rate of growth was recorded in 2018 an increase of 15%. As a result, import price attained the peak level of $433 per unit. From 2019 to 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($803 per unit), while the price for China ($129 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+10.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Electrical Musical Instrument Price in Ireland (FOB) - 2022

The average electrical musical instrument export price stood at $112 per unit in 2022, jumping by 32% against the previous year. In general, the export price, however, faced a abrupt setback. The most prominent rate of growth was recorded in 2018 an increase of 141% against the previous year. Over the period under review, the average export prices attained the peak figure at $416 per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($164 per unit), while the average price for exports to Israel ($65 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 Russia (+1,002.2%), while the prices for the other major destinations experienced mixed trend patterns.

Electrical Musical Instrument Imports in Ireland

Electrical musical instrument imports into Ireland expanded markedly to 39K units in 2022, growing by 9.3% compared with 2021 figures. The total import volume increased at an average annual rate of +12.8% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 when imports increased by 34%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, electrical musical instrument imports contracted to $9.4M in 2022. In general, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 22%. As a result, imports attained the peak of $11M. From 2021 to 2022, the growth of imports failed to regain momentum.

Import of Electrical Musical Instrument in Ireland (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	2.8	6.1	6.5	4.8	19.7%
China	0.4	0.1	2.1	2.1	73.8%
Indonesia	0.1	N/A	0.5	0.5	71.0%
Netherlands	0.2	0.1	0.3	0.4	26.0%
United Kingdom	4.8	4.7	0.5	0.2	-65.3%
Others	1.2	0.5	1.2	1.4	5.3%
Total	9.4	11.5	11.0	9.4	0.0%

Top Suppliers of Electrical Musical Instrument to Ireland in 2022:

China (16.1K units)
Germany (15.7K units)
Indonesia (1.8K units)
United Kingdom (1.0K units)
Netherlands (0.9K units)

Electrical Musical Instrument Exports in Ireland

In 2022, approx. 4.7K units of electrical musical or keyboard instruments were exported from Ireland; picking up by 21% against the previous year's figure. Over the period under review, exports saw a significant increase. The growth pace was the most rapid in 2021 with an increase of 235% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, electrical musical instrument exports soared to $532K in 2022. Overall, exports showed a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 90% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

Export of Electrical Musical Instrument in Ireland (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United Kingdom	77.4	76.1	163	255	48.8%
United States	27.8	54.7	100	123	64.2%
Israel	N/A	N/A	1.8	8.7	383.3%
Japan	N/A	15.8	0.1	7.5	-31.1%
New Zealand	N/A	0.2	0.2	6.7	478.8%
Canada	4.0	7.5	5.1	6.5	17.6%
Switzerland	0.5	0.5	6.1	5.1	116.9%
Russia	N/A	13.4	0.5	N/A	-96.3%
Others	6.1	7.9	57.8	120	170.0%
Total	116	176	335	532	66.1%

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

United Kingdom (1552.0 units)
United States (1542.0 units)
Israel (134.0 units)
Canada (99.0 units)
New Zealand (88.0 units)
Switzerland (62.0 units)
Japan (57.0 units)

Source: IndexBox Market Intelligence Platform

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

Ireland

Data coverage:

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