Report Update: May 1, 2024

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

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Electrical Musical Instrument Price in Japan - 2023

Electrical Musical Instrument Price in Japan (CIF) - 2023

In September 2023, the average electrical musical instrument import price amounted to $466 per unit, flattening at the previous month. Overall, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in August 2023 when the average import price increased by 10% against the previous month. As a result, import price attained the peak level of $467 per unit, leveling off in the following month.

Average prices varied noticeably amongst the major supplying countries. In September 2023, the countries with the highest prices were Malaysia ($517 per unit) and China ($488 per unit), while the price for Mexico ($419 per unit) and the United States ($420 per unit) were amongst the lowest.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Mexico (+0.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Electrical Musical Instrument Price in Japan (FOB) - 2023

The average electrical musical instrument export price stood at $662 per unit in September 2023, stabilizing at the previous month. Over the period under review, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in August 2023 when the average export price increased by 7.3% m-o-m. As a result, the export price reached the peak level of $667 per unit, leveling off in the following month.

Average prices varied somewhat for the major overseas markets. In September 2023, the countries with the highest prices were the United Arab Emirates ($799 per unit) and Vietnam ($788 per unit), while the average price for exports to Australia ($628 per unit) and the Netherlands ($628 per unit) were amongst the lowest.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+1.6%), while the prices for the other major destinations experienced more modest paces of growth.

Electrical Musical Instrument Imports in Japan

Electrical musical instrument imports into Japan was estimated at 471K units in 2022, growing by 10% against the previous year's figure. Overall, imports, however, showed a mild descent. Over the period under review, imports reached the maximum at 493K units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, electrical musical instrument imports reached $211M in 2022. The total import value increased at an average annual rate of +6.1% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 14% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.

Import of Electrical Musical Instrument in Japan (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	68.4	74.3	84.9	87.0	8.3%
Indonesia	42.6	36.5	44.5	52.8	7.4%
United States	33.7	28.1	30.0	32.2	-1.5%
Malaysia	18.8	17.5	16.9	22.4	6.0%
Mexico	2.8	2.9	5.4	6.0	28.9%
Others	10.7	8.9	9.4	11.1	1.2%
Total	177	168	191	211	6.0%

Top Suppliers of Electrical Musical Instrument to Japan in 2022:

China (185.6K units)
Indonesia (113.2K units)
United States (83.8K units)
Malaysia (45.9K units)
Mexico (15.8K units)

Electrical Musical Instrument Exports in Japan

Electrical musical instrument exports from Japan stood at 127K units in 2022, with an increase of 5.2% on the previous year's figure. The total export volume increased at an average annual rate of +4.3% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 22%. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the near future.

In value terms, electrical musical instrument exports shrank modestly to $79M in 2022. The total export value increased at an average annual rate of +7.8% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 31%. As a result, the exports attained the peak of $80M, and then contracted modestly in the following year.

Export of Electrical Musical Instrument in Japan (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	20.6	20.6	28.6	24.9	6.5%
Germany	6.1	6.5	6.5	8.6	12.1%
China	3.7	5.0	8.5	6.7	21.9%
United Kingdom	2.1	1.9	2.8	3.8	21.9%
Vietnam	5.2	3.2	4.3	3.3	-14.1%
Netherlands	1.8	2.9	2.7	3.2	21.1%
Australia	1.7	1.5	2.6	2.6	15.2%
South Korea	2.0	1.5	2.2	2.6	9.1%
France	2.4	2.4	2.5	2.5	1.4%
Hong Kong SAR	2.3	1.9	1.9	1.9	-6.2%
Russia	1.6	1.8	2.3	1.7	2.0%
Taiwan (Chinese)	0.6	0.5	1.0	1.5	35.7%
United Arab Emirates	1.0	0.9	1.1	1.5	14.5%
Others	12.1	10.7	13.3	14.3	5.7%
Total	63.0	61.4	80.3	78.9	7.8%

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

United States (40.6K units)
Germany (14.0K units)
China (10.7K units)
United Kingdom (6.1K units)
Netherlands (5.4K units)
Vietnam (5.0K units)
Australia (4.2K units)
South Korea (4.1K units)
France (3.9K units)
Hong Kong SAR (3.1K units)
Russia (2.7K units)
Taiwan (Chinese) (2.4K units)
United Arab Emirates (2.3K units)

Source: IndexBox Market Intelligence Platform

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

Japan

Data coverage:

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