Ethiopia - Keyboard Stringed Instruments - Market Analysis, Forecast, Size, Trends And Insights
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View PricingKeyboard Stringed Instrument Price in Ethiopia - 2022
Contents:
- Keyboard Stringed Instrument Price in Ethiopia (CIF) - 2022
- Keyboard Stringed Instrument Price in Ethiopia (FOB) - 2022
- Keyboard Stringed Instrument Imports in Ethiopia
- Keyboard Stringed Instrument Exports in Ethiopia
Keyboard Stringed Instrument Price in Ethiopia (CIF) - 2022
In 2022, the average keyboard stringed instrument import price amounted to $2,465 per unit, growing by 19% against the previous year. In general, the import price enjoyed a remarkable increase. The pace of growth was the most pronounced in 2019 when the average import price increased by 306%. The import price peaked at $3,420 per unit in 2016; however, from 2017 to 2022, import prices stood 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 Germany ($6,100 per unit), while the price for Turkey ($23 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+47.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Keyboard Stringed Instrument Price in Ethiopia (FOB) - 2022
The average keyboard stringed instrument export price stood at $772 per unit in 2022, remaining constant against the previous year. Over the period under review, the export price, however, saw a abrupt decline. The growth pace was the most rapid in 2016 when the average export price increased by 302%. Over the period under review, the average export prices reached the maximum at $1,726 per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($2,527 per unit), while the average price for exports to Cameroon ($5 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 Egypt (+122.0%), while the prices for the other major destinations experienced more modest paces of growth.
Keyboard Stringed Instrument Imports in Ethiopia
For the third year in a row, Ethiopia recorded decline in overseas purchases of keyboard stringed instruments, which decreased by -5.6% to 17 units in 2022. In general, imports saw a significant curtailment. Imports peaked at 40 units in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, keyboard stringed instrument imports rose markedly to $42K in 2022. Over the period under review, imports showed a abrupt contraction. Over the period under review, imports attained the peak figure at $68K in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
| Import of Keyboard Stringed Instrument in Ethiopia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 26.3 | 20.8 | 12.7 | 22.4 | -5.2% |
| Germany | 0.8 | 2.0 | 0.1 | 6.1 | 96.8% |
| United Kingdom | 0.4 | N/A | 0.7 | 4.3 | 120.7% |
| South Korea | 0.5 | 1.4 | N/A | 3.1 | 83.7% |
| Malaysia | N/A | N/A | N/A | 1.6 | 0% |
| Netherlands | 0.5 | 0.5 | 0.2 | 1.3 | 37.5% |
| United Arab Emirates | 1.8 | N/A | N/A | 1.2 | -12.6% |
| Thailand | 0.3 | N/A | N/A | 0.8 | 38.7% |
| Saudi Arabia | N/A | 0.2 | N/A | 0.6 | 73.2% |
| Kenya | 0.1 | N/A | N/A | 0.5 | 71.0% |
| Belgium | 16.0 | 0.5 | N/A | N/A | -96.9% |
| Finland | N/A | 5.2 | 0.4 | N/A | -92.3% |
| Turkey | N/A | N/A | 4.5 | N/A | 0% |
| Others | 20.9 | 19.6 | 18.5 | N/A | -5.9% |
| Total | 67.6 | 50.1 | 37.2 | 41.9 | -14.7% |
Top Suppliers of Keyboard Stringed Instrument to Ethiopia in 2022:
- China (7.0 units)
- Turkey (1.0 units)
- Saudi Arabia (1.0 units)
- Netherlands (1.0 units)
- United Arab Emirates (1.0 units)
- United Kingdom (1.0 units)
- Malaysia (1.0 units)
- Kenya (1.0 units)
- Germany (1.0 units)
- South Korea (1.0 units)
- Thailand (1.0 units)
Keyboard Stringed Instrument Exports in Ethiopia
In 2022, the amount of keyboard stringed instruments exported from Ethiopia soared to 21 units, with an increase of 24% against 2021 figures. Overall, total exports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +24.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +90.9% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 36%. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, keyboard stringed instrument exports surged to $16K in 2022. In general, exports saw significant growth. The growth pace was the most rapid in 2020 with an increase of 77%. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the immediate term.
| Export of Keyboard Stringed Instrument in Ethiopia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 0.7 | 0.3 | 5.5 | 12.6 | 162.1% |
| Egypt | 0.1 | N/A | N/A | 1.3 | 135.1% |
| Vietnam | N/A | N/A | N/A | 0.8 | 0% |
| South Korea | N/A | N/A | 1.1 | 0.6 | -45.5% |
| Switzerland | N/A | 0.1 | N/A | 0.3 | 73.2% |
| Canada | N/A | N/A | N/A | 0.2 | 0% |
| Mozambique | 0.6 | N/A | 0.2 | 0.2 | -30.7% |
| United States | N/A | N/A | 0.5 | 0.1 | -80.0% |
| Cameroon | N/A | N/A | N/A | N/A | 0% |
| Kenya | 0.8 | 0.4 | N/A | N/A | -50.0% |
| Senegal | N/A | N/A | N/A | N/A | 0% |
| United Kingdom | N/A | 1.4 | N/A | N/A | 0% |
| France | N/A | N/A | 0.2 | N/A | 0% |
| Others | 3.4 | 7.6 | 5.4 | N/A | 26.0% |
| Total | 5.6 | 9.8 | 13.0 | 16.2 | 42.5% |
Top Export Markets for Keyboard Stringed Instrument from Ethiopia in 2022:
- Germany (5.0 units)
- Vietnam (3.0 units)
- Egypt (2.0 units)
- Switzerland (2.0 units)
- Canada (1.0 units)
- United States (1.0 units)
- France (1.0 units)
- United Kingdom (1.0 units)
- Senegal (1.0 units)
- Mozambique (1.0 units)
- Kenya (1.0 units)
- South Korea (1.0 units)
- Cameroon (1.0 units)
This report provides an in-depth analysis of the keyboard stringed instrument market in Ethiopia. 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 32201150 - Keyboard stringed instruments (including harpsichords, s pinets and clavichords)
Country coverage:
- Ethiopia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Ethiopia
- 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
-
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
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