Report Update: Apr 1, 2024

Uruguay - Keyboard Stringed Instruments - Market Analysis, Forecast, Size, Trends And Insights

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Keyboard Stringed Instrument Price in Uruguay - 2021

Keyboard Stringed Instrument Price in Uruguay (FOB) - 2022

In 2022, the average keyboard stringed instrument export price amounted to $868 per unit, which is down by -38% against the previous year. In general, the export price recorded a slight contraction. The most prominent rate of growth was recorded in 2021 an increase of 519%. As a result, the export price reached the peak level of $1,400 per unit, and then reduced notably in the following year.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for Spain amounted to -25.4% per year.

Keyboard Stringed Instrument Price in Uruguay (CIF) - 2022

In 2022, the average keyboard stringed instrument import price amounted to $414 per unit, with an increase of 766% against the previous year. Overall, the import price, however, recorded a sharp setback. The import price peaked at $4,819 per unit in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($440 per unit), while the price for the United States amounted to $388 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (-23.2%), while the prices for the other major suppliers experienced a decline.

Keyboard Stringed Instrument Exports in Uruguay

In 2022, shipments abroad of keyboard stringed instruments decreased by 0% to 1 units, falling for the second year in a row after two years of growth. Over the period under review, exports showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 200%. As a result, the exports reached the peak of 3 units. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, keyboard stringed instrument exports shrank remarkably to $868 in 2022. In general, exports recorded a perceptible decrease. The most prominent rate of growth was recorded in 2021 when exports increased by 106%. As a result, the exports attained the peak of $1.4K, and then contracted dramatically in the following year.

Export of Keyboard Stringed Instrument in Uruguay (USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	N/A	N/A	N/A	868	0%
Spain	N/A	287	N/A	N/A	0%
Guatemala	980	N/A	N/A	N/A	0%
Ethiopia	N/A	106	N/A	N/A	0%
Israel	N/A	N/A	1,400	N/A	0%
Others	N/A	286	N/A	N/A	0%
Total	980	679	1,400	868	-4.0%

Top Export Markets for Keyboard Stringed Instrument from Uruguay in 2022:

United States (1.0 units)

Keyboard Stringed Instrument Imports in Uruguay

In 2022, keyboard stringed instrument imports into Uruguay contracted significantly to 2 units, dropping by -66.7% on 2021 figures. In general, imports recorded a precipitous setback. The pace of growth appeared the most rapid in 2021 when imports increased by 20% against the previous year. Imports peaked at 9 units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, keyboard stringed instrument imports soared to $828 in 2022. Over the period under review, imports continue to indicate a sharp descent. Imports peaked at $14K in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Import of Keyboard Stringed Instrument in Uruguay (USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Italy	N/A	N/A	N/A	440	0%
United States	7.0	1.0	1.0	388	281.3%
China	28.0	1.0	1.0	N/A	-81.1%
Vietnam	N/A	57.0	3.0	N/A	-94.7%
Malaysia	610	N/A	4.0	N/A	-91.9%
India	7.0	1.0	1.0	N/A	-62.2%
Panama	13,424	772	270	N/A	-85.8%
Others	N/A	N/A	7.0	N/A	0%
Total	14,076	832	287	828	-61.1%

Top Suppliers of Keyboard Stringed Instrument to Uruguay in 2022:

United States (1.0 units)
Italy (1.0 units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the keyboard stringed instrument market in Uruguay. 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:

Uruguay

Data coverage:

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