Kenya - Electrical Musical Or Keyboard Instruments - Market Analysis, Forecast, Size, Trends And Insights
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View PricingElectrical Musical Instrument Price in Kenya - 2021
Contents:
- Electrical Musical Instrument Price in Kenya (CIF) - 2022
- Electrical Musical Instrument Price in Kenya (FOB) - 2022
- Electrical Musical Instrument Imports in Kenya
- Electrical Musical Instrument Exports in Kenya
Electrical Musical Instrument Price in Kenya (CIF) - 2022
In 2022, the average electrical musical instrument import price amounted to $63 per unit, waning by -70% against the previous year. Overall, the import price faced a drastic downturn. The most prominent rate of growth was recorded in 2017 when the average import price increased by 201% against the previous year. The import price peaked at $327 per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United Arab Emirates ($333 per unit), while the price for the United States ($39 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+14.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Electrical Musical Instrument Price in Kenya (FOB) - 2022
In 2022, the average electrical musical instrument export price amounted to $1,589 per unit, rising by 1,323% against the previous year. Overall, the export price showed significant growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($4,845 per unit), while the average price for exports to Rwanda ($15 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 France (+19.8%), while the prices for the other major destinations experienced a decline.
Electrical Musical Instrument Imports in Kenya
Electrical musical instrument imports into Kenya skyrocketed to 14K units in 2022, increasing by 26% on 2021 figures. In general, imports, however, showed a noticeable curtailment. The pace of growth appeared the most rapid in 2021 when imports increased by 44% against the previous year. Imports peaked at 15K units in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, electrical musical instrument imports dropped markedly to $852K in 2022. Overall, imports, however, continue to indicate a dramatic decrease. The smallest decline of -0.9% was in 2021. Imports peaked at $3.4M in 2019; however, from 2020 to 2022, imports failed to regain momentum.
Import of Electrical Musical Instrument in Kenya (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 170 | 78.7 | 232 | 658 | 57.0% |
India | 0.2 | 0.2 | 0.8 | 76.3 | 625.3% |
Indonesia | N/A | N/A | N/A | 31.6 | 0% |
United States | 8.6 | N/A | 23.1 | 16.8 | 25.0% |
United Arab Emirates | 3,128 | 2,129 | 1,936 | 3.3 | -89.8% |
Others | 126 | 71.7 | 66.0 | 65.4 | -19.6% |
Total | 3,432 | 2,280 | 2,259 | 852 | -37.2% |
Top Suppliers of Electrical Musical Instrument to Kenya in 2022:
- United Arab Emirates (undefinedK units)
- China (11.2K units)
- India (1.3K units)
- United States (0.4K units)
- Indonesia (0.2K units)
Electrical Musical Instrument Exports in Kenya
After two years of decline, shipments abroad of electrical musical or keyboard instruments increased by 400% to 145 units in 2022. Overall, exports continue to indicate significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, electrical musical instrument exports surged to $230K in 2022. In general, exports recorded a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
Export of Electrical Musical Instrument in Kenya (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | N/A | N/A | N/A | 199 | 0% |
Congo | N/A | N/A | N/A | 18.5 | 0% |
France | N/A | N/A | N/A | 5.1 | 0% |
South Sudan | N/A | N/A | N/A | 1.7 | 0% |
Uganda | 0.4 | 0.1 | N/A | 0.7 | 20.5% |
Tanzania | 1.2 | 0.1 | 0.6 | 0.5 | -25.3% |
United States | N/A | 0.9 | 0.7 | 0.2 | -52.9% |
Mozambique | N/A | 0.1 | N/A | N/A | 0% |
Democratic Republic of the Congo | 6.5 | 0.6 | N/A | N/A | -90.8% |
Israel | N/A | N/A | 1.3 | N/A | 0% |
Canada | 0.2 | N/A | N/A | N/A | 0% |
Others | 4.4 | 0.8 | 0.6 | 5.0 | 4.4% |
Total | 12.6 | 2.7 | 3.2 | 230 | 163.3% |
Top Export Markets for Electrical Musical Instrument from Kenya in 2022:
- Congo (54.0 units)
- Germany (41.0 units)
- South Sudan (16.0 units)
- Uganda (9.0 units)
- France (8.0 units)
- Tanzania (4.0 units)
- United States (1.0 units)
This report provides an in-depth analysis of the electrical musical instrument market in Kenya. 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:
- Kenya
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Kenya
- 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
This report provides an in-depth analysis of the electrical musical instrument market in Kenya.
This report provides an in-depth analysis of the global electrical musical instrument market.
This report provides an in-depth analysis of the electrical musical instrument market in Kenya.
This report provides an in-depth analysis of the global electrical musical instrument market.
Discover the top import markets for electrical musical instruments in 2023. Learn about the key countries driving the global trade of musical instruments.
Discover the top import markets for electrical musical instruments in 2023. Learn about the key countries driving the global trade of musical instruments.