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

Contents:

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

Price for Keyboard Electrical Musical Instruments, Other than Accordions in Azerbaijan (CIF) - 2022

The average import price for keyboard electrical musical instruments, other than accordionses stood at $238 per unit in 2022, falling by -18.7% against the previous year. Over the period under review, the import price, however, posted a strong increase. The pace of growth was the most pronounced in 2014 when the average import price increased by 159%. Over the period under review, average import prices reached the peak figure at $292 per unit in 2021, and then dropped significantly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Indonesia ($916 per unit), while the price for Turkey ($77 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+24.3%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average export price for keyboard electrical musical instruments, other than accordionses stood at $255 per unit in 2022, increasing by 12% against the previous year. In general, the export price recorded a resilient increase. The pace of growth was the most pronounced in 2018 an increase of 103%. Over the period under review, the average export prices hit record highs at $387 per unit in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Turkmenistan ($882 per unit), while the average price for exports to the United States ($114 per unit) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+62.6%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, the amount of keyboard electrical musical instruments, other than accordionses imported into Azerbaijan shrank to 2.1K units, with a decrease of -12.8% against 2021 figures. In general, imports saw a abrupt downturn. The most prominent rate of growth was recorded in 2021 with an increase of 19%. Over the period under review, imports of hit record highs at 3.1K units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, imports of keyboard electrical musical instruments, other than accordionses reduced rapidly to $503K in 2022. Overall, total imports indicated a slight increase from 2019 to 2022: its value increased at an average annual rate of +1.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +5.1% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 42% against the previous year. As a result, imports reached the peak of $710K, and then reduced notably in the following year.

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

1. China (1835.0 units)
2. Indonesia (107.0 units)
3. Turkey (88.0 units)
4. South Korea (51.0 units)

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

In 2022, after three years of growth, there was significant decline in shipments abroad of keyboard electrical musical instruments, other than accordionses, when their volume decreased by -41.9% to 18 units. Over the period under review, exports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 82% against the previous year. As a result, the exports reached the peak of 31 units, and then contracted rapidly in the following year.

In value terms, exports of keyboard electrical musical instruments, other than accordionses shrank remarkably to $4.6K in 2022. Overall, exports, however, saw a significant expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 112% against the previous year. The exports peaked at $7.1K in 2021, and then reduced rapidly in the following year.

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

1. United Kingdom (7.0 units)
2. Turkey (2.0 units)
3. Canada (1.0 units)
4. Georgia (1.0 units)
5. Turkmenistan (1.0 units)
6. Oman (1.0 units)
7. France (1.0 units)
8. United States (1.0 units)
9. Trinidad and Tobago (1.0 units)
10. China (1.0 units)
11. South Korea (1.0 units)

Source: IndexBox Market Intelligence Platform