U.S. - Keyboard Stringed Instruments - Market Analysis, Forecast, Size, Trends And Insights
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View PricingKeyboard Stringed Instrument Price in the United States - 2023
Contents:
- Keyboard Stringed Instrument Price in the United States (FOB) - 2023
- Keyboard Stringed Instrument Price in the United States (CIF) - 2022
- Keyboard Stringed Instrument Exports in the United States
- Keyboard Stringed Instrument Imports in the United States
Keyboard Stringed Instrument Price in the United States (FOB) - 2023
The average keyboard stringed instrument export price stood at $895 per unit in July 2023, dropping by -32.6% against the previous month. Overall, the export price showed a perceptible curtailment. The pace of growth was the most pronounced in April 2023 an increase of 42% month-to-month. The export price peaked at $1,566 per unit in January 2023; however, from February 2023 to July 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Canada ($1,826 per unit), while the average price for exports to Colombia ($435 per unit) was amongst the lowest.
From September 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Jamaica (+223.9%), while the prices for the other major destinations experienced more modest paces of growth.
Keyboard Stringed Instrument Price in the United States (CIF) - 2022
In 2022, the average keyboard stringed instrument import price amounted to $1,653 per unit, with an increase of 14% against the previous year. Over the period under review, the import price, however, continues to indicate a abrupt decline. The import price peaked at $3,364 per unit in 2012; however, from 2013 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 Japan ($2,653 per unit), while the price for Austria ($304 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (-1.1%), while the prices for the other major suppliers experienced a decline.
Keyboard Stringed Instrument Exports in the United States
In 2022, the amount of keyboard stringed instruments exported from the United States skyrocketed to 962 units, increasing by 75% on the previous year's figure. Over the period under review, exports showed a significant expansion. The growth pace was the most rapid in 2020 when exports increased by 166%. 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, keyboard stringed instrument exports surged to $2.1M in 2022. Overall, total exports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +7.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -13.9% against 2020 indices. The growth pace was the most rapid in 2020 with an increase of 43% against the previous year. As a result, the exports reached the peak of $2.4M. From 2021 to 2022, the growth of the exports remained at a lower figure.
| Export of Keyboard Stringed Instrument in the United States (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 14.6 | 5.0 | 3.0 | 373 | 194.5% |
| Japan | 28.1 | 38.5 | 73.8 | 265 | 111.3% |
| Guatemala | 214 | 155 | 168 | 256 | 6.2% |
| Malaysia | N/A | N/A | N/A | 210 | 0% |
| Argentina | N/A | 17.7 | 35.6 | 89.9 | 125.4% |
| Costa Rica | 51.8 | 2.7 | 54.9 | 87.6 | 19.1% |
| Canada | 458 | 323 | 292 | 79.6 | -44.2% |
| Brazil | N/A | 5.2 | 3.0 | 65.5 | 254.9% |
| France | N/A | 200 | 18.2 | 59.2 | -45.6% |
| Cyprus | N/A | 28.2 | N/A | N/A | 0% |
| Indonesia | N/A | 68.1 | N/A | N/A | 0% |
| Others | 905 | 1,540 | 879 | 566 | -14.5% |
| Total | 1,671 | 2,384 | 1,527 | 2,051 | 7.1% |
Top Export Markets for Keyboard Stringed Instrument from the United States in 2022:
- Guatemala (212.0 units)
- Malaysia (157.0 units)
- Costa Rica (139.0 units)
- Italy (79.0 units)
- Argentina (66.0 units)
- Japan (65.0 units)
- Brazil (24.0 units)
- France (23.0 units)
- Canada (20.0 units)
Keyboard Stringed Instrument Imports in the United States
In 2022, supplies from abroad of keyboard stringed instruments decreased by -17.9% to 431 units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports saw a pronounced shrinkage. The pace of growth was the most pronounced in 2020 when imports increased by 8.5% against the previous year. Over the period under review, imports reached the peak figure at 525 units in 2021, and then dropped markedly in the following year.
In value terms, keyboard stringed instrument imports dropped to $713K in 2022. In general, imports saw a perceptible setback. The growth pace was the most rapid in 2021 when imports increased by 7.6%. Over the period under review, imports hit record highs at $794K in 2019; however, from 2020 to 2022, imports failed to regain momentum.
| Import of Keyboard Stringed Instrument in the United States (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 228 | 196 | 170 | 176 | -8.3% |
| Italy | 114 | 119 | 86.4 | 170 | 14.2% |
| Czech Republic | 38.9 | 2.7 | 57.7 | 70.0 | 21.6% |
| Germany | 55.6 | 77.2 | 25.8 | 61.6 | 3.5% |
| Japan | 19.4 | 31.5 | 52.1 | 61.0 | 46.5% |
| United Kingdom | 34.3 | 41.7 | 117 | 37.1 | 2.7% |
| Netherlands | N/A | 50.1 | 17.5 | 34.5 | -17.0% |
| Indonesia | 102 | 15.4 | 18.3 | 21.0 | -41.0% |
| France | 66.2 | 26.8 | 41.7 | 13.4 | -41.3% |
| Austria | N/A | 5.2 | 8.9 | 6.4 | 10.9% |
| Others | 135 | 140 | 164 | 61.2 | -23.2% |
| Total | 794 | 706 | 760 | 713 | -3.5% |
Top Suppliers of Keyboard Stringed Instrument to the United States in 2022:
- Italy (122.0 units)
- China (104.0 units)
- Czech Republic (37.0 units)
- Indonesia (37.0 units)
- Germany (25.0 units)
- Japan (23.0 units)
- Austria (21.0 units)
- Netherlands (17.0 units)
- United Kingdom (12.0 units)
- France (4.0 units)
This report provides an in-depth analysis of the keyboard stringed instrument market in the U.S.. 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:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- 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
441
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