United Kingdom - Electrical Musical Or Keyboard Instruments - Market Analysis, Forecast, Size, Trends And Insights
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View PricingElectrical Musical Instrument Price in the UK - 2023
Contents:
- Electrical Musical Instrument Price in the UK (CIF) - 2023
- Electrical Musical Instrument Price in the UK (FOB) - 2022
- Electrical Musical Instrument Imports in the UK
- Electrical Musical Instrument Exports in the UK
Electrical Musical Instrument Price in the UK (CIF) - 2023
In August 2023, the average electrical musical instrument import price amounted to $363 per unit, rising by 44% against the previous month. Over the period under review, import price indicated a tangible expansion from August 2022 to August 2023: its price increased at an average monthly rate of +3.1% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on August 2023 figures, electrical musical instrument import price increased by +44.1% against July 2023 indices. Over the period under review, average import prices hit record highs at $462 per unit in March 2023; however, from April 2023 to August 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was the United States ($958 per unit), while the price for China ($223 per unit) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Vietnam (+14.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Electrical Musical Instrument Price in the UK (FOB) - 2022
The average electrical musical instrument export price stood at $614 per unit in 2022, surging by 16% against the previous year. Over the period under review, the export price continues to indicate a remarkable increase. The most prominent rate of growth was recorded in 2016 an increase of 28% against the previous year. The export price peaked in 2022 and is expected to retain growth in years to come.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Switzerland ($1,319 per unit), while the average price for exports to the Netherlands ($349 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 Switzerland (+25.9%), while the prices for the other major destinations experienced more modest paces of growth.
Electrical Musical Instrument Imports in the UK
In 2022, imports of electrical musical or keyboard instruments into the UK was estimated at 773K units, stabilizing at 2021 figures. The total import volume increased at an average annual rate of +2.1% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 25% against the previous year. As a result, imports attained the peak of 906K units. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, electrical musical instrument imports amounted to $196M in 2022. The total import value increased at an average annual rate of +5.5% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 8.6%. Over the period under review, imports reached the maximum in 2022 and are likely to see gradual growth in years to come.
Import of Electrical Musical Instrument in the UK (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 42.2 | 49.5 | 48.8 | 64.3 | 15.1% |
Indonesia | 22.9 | 21.1 | 32.3 | 41.6 | 22.0% |
United States | 13.3 | 12.6 | 14.5 | 38.5 | 42.5% |
Malaysia | 3.4 | 0.2 | 0.1 | 13.8 | 59.5% |
Mexico | N/A | N/A | N/A | 8.0 | 0% |
Japan | 2.5 | 2.3 | 3.9 | 6.7 | 38.9% |
Vietnam | 2.0 | 2.4 | 3.0 | 3.7 | 22.8% |
Germany | 12.2 | 21.4 | 19.0 | 2.4 | -41.8% |
Netherlands | 43.3 | 45.1 | 59.6 | 1.6 | -66.7% |
Belgium | 9.3 | 9.0 | 0.6 | 0.1 | -77.9% |
Others | 15.9 | 15.8 | 13.3 | 15.5 | -0.8% |
Total | 167 | 180 | 195 | 196 | 5.5% |
Top Suppliers of Electrical Musical Instrument to the UK in 2022:
- China (377.2K units)
- Indonesia (109.6K units)
- Malaysia (103.1K units)
- United States (57.8K units)
- Vietnam (24.1K units)
- Mexico (23.6K units)
- Japan (15.1K units)
- Netherlands (11.4K units)
- Germany (5.3K units)
- Belgium (0.3K units)
Electrical Musical Instrument Exports in the UK
In 2022, overseas shipments of electrical musical or keyboard instruments decreased by -1.9% to 83K units, falling for the second consecutive year after two years of growth. Overall, exports recorded a deep setback. The most prominent rate of growth was recorded in 2020 when exports increased by 5.5%. As a result, the exports reached the peak of 111K units. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, electrical musical instrument exports expanded rapidly to $51M in 2022. The total export value increased at an average annual rate of +1.6% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
Export of Electrical Musical Instrument in the UK (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | 12.5 | 14.9 | 14.3 | 18.3 | 13.5% |
United States | 5.1 | 3.9 | 4.7 | 7.3 | 12.7% |
Netherlands | 2.2 | 2.3 | 4.2 | 4.9 | 30.6% |
Switzerland | 1.6 | 2.0 | 2.3 | 2.3 | 12.9% |
Sweden | 3.7 | 2.4 | 1.6 | 2.1 | -17.2% |
Spain | 2.3 | 2.0 | 2.0 | 2.0 | -4.6% |
Italy | 2.8 | 2.4 | 1.9 | 1.8 | -13.7% |
France | 3.8 | 3.1 | 2.3 | 1.7 | -23.5% |
Ireland | 5.1 | 4.1 | 1.5 | 1.3 | -36.6% |
Japan | 0.5 | 0.6 | 0.7 | 0.6 | 6.3% |
Others | 8.7 | 9.0 | 9.4 | 8.3 | -1.6% |
Total | 48.4 | 46.7 | 44.7 | 50.7 | 1.6% |
Top Export Markets for Electrical Musical Instrument from the UK in 2022:
- Germany (28.1K units)
- Netherlands (14.1K units)
- United States (7.4K units)
- France (4.5K units)
- Spain (3.6K units)
- Sweden (3.4K units)
- Italy (3.0K units)
- Ireland (2.7K units)
- Switzerland (1.7K units)
- Japan (1.3K units)
This report provides an in-depth analysis of the electrical musical instrument market in the UK. 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:
- United Kingdom
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the UK
- 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 the UK.
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 the UK.
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.