Price for Keyboard Electrical Musical Instruments, Other than Accordions in Austria - 2023

Contents:

1. Price for Keyboard Electrical Musical Instruments, Other than Accordions in Austria (CIF) - 2023
2. Price for Keyboard Electrical Musical Instruments, Other than Accordions in Austria (FOB) - 2022
3. Imports of Keyboard Electrical Musical Instruments, Other than Accordions in Austria
4. Exports of Keyboard Electrical Musical Instruments, Other than Accordions in Austria

Price for Keyboard Electrical Musical Instruments, Other than Accordions in Austria (CIF) - 2023

The average import price for keyboard electrical musical instruments, other than accordionses stood at $687 per unit in December 2023, dropping by -5.5% against the previous month. Overall, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in March 2023 when the average import price increased by 20% month-to-month. Over the period under review, average import prices hit record highs at $1,006 per unit in April 2023; however, from May 2023 to December 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was the United States ($2,349 per unit), while the price for Australia ($239 per unit) was amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by China (+10.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Keyboard Electrical Musical Instruments, Other than Accordions in Austria (FOB) - 2022

In 2022, the average export price for keyboard electrical musical instruments, other than accordionses amounted to $517 per unit, increasing by 10% against the previous year. Overall, export price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of +1.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for keyboard electrical musical instruments, other than accordionses decreased by -25.0% against 2018 indices. The pace of growth was the most pronounced in 2017 when the average export price increased by 38%. The export price peaked at $689 per unit in 2018; however, from 2019 to 2022, the export prices stood at a somewhat 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 Switzerland ($1,217 per unit), while the average price for exports to Jordan ($166 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 the United Arab Emirates (+13.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Keyboard Electrical Musical Instruments, Other than Accordions in Austria

Imports of keyboard electrical musical instruments, other than accordionses into Austria dropped significantly to 21K units in 2022, which is down by -30.1% against the previous year's figure. In general, imports showed a deep setback. The pace of growth appeared the most rapid in 2021 with an increase of 21% against the previous year. Imports peaked at 33K units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of keyboard electrical musical instruments, other than accordionses fell notably to $15M in 2022. Over the period under review, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 30%. As a result, imports attained the peak of $21M, and then fell rapidly in the following year.

Top Suppliers of Keyboard Electrical Musical Instruments, Other than Accordions to Austria in 2022:

1. Germany (17.9K units)
2. Belgium (1.4K units)
3. Poland (1.2K units)
4. Italy (0.3K units)
5. China (0.1K units)

Exports of Keyboard Electrical Musical Instruments, Other than Accordions in Austria

In 2022, overseas shipments of keyboard electrical musical instruments, other than accordionses decreased by -17.4% to 967 units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, total exports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +19.1% 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 +69.1% against 2019 indices. The pace of growth was the most pronounced in 2020 when exports increased by 61% against the previous year. The exports peaked at 1.2K units in 2021, and then dropped sharply in the following year.

In value terms, exports of keyboard electrical musical instruments, other than accordionses declined to $500K in 2022. Overall, total exports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +14.0% 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 -9.6% against 2020 indices. The pace of growth appeared the most rapid in 2020 when exports increased by 64%. As a result, the exports attained the peak of $553K. From 2021 to 2022, the growth of the exports of failed to regain momentum.

Top Export Markets for Keyboard Electrical Musical Instruments, Other than Accordions from Austria in 2022:

1. Germany (387.0 units)
2. Poland (227.0 units)
3. Canada (105.0 units)
4. Jordan (94.0 units)
5. Slovakia (62.0 units)
6. United Kingdom (21.0 units)
7. United States (16.0 units)
8. Switzerland (8.0 units)

Source: IndexBox Market Intelligence Platform