Price for Keyboard Electrical Musical Instruments, Other than Accordions in Canada - 2024
Contents:
- Price for Keyboard Electrical Musical Instruments, Other than Accordions in Canada (CIF) - 2022
- Price for Keyboard Electrical Musical Instruments, Other than Accordions in Canada (FOB) - 2022
- Imports of Keyboard Electrical Musical Instruments, Other than Accordions in Canada
- Exports of Keyboard Electrical Musical Instruments, Other than Accordions in Canada
Price for Keyboard Electrical Musical Instruments, Other than Accordions in Canada (CIF) - 2022
In 2022, the average import price for keyboard electrical musical instruments, other than accordionses amounted to $214 per unit, growing by 26% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The import price peaked at $243 per unit in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Indonesia ($794 per unit), while the price for the Philippines ($56 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+12.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Keyboard Electrical Musical Instruments, Other than Accordions in Canada (FOB) - 2022
The average export price for keyboard electrical musical instruments, other than accordionses stood at $281 per unit in 2022, rising by 21% against the previous year. In general, the export price, however, recorded a pronounced curtailment. The pace of growth was the most pronounced in 2021 when the average export price increased by 55%. Over the period under review, the average export prices reached the maximum at $440 per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were the United Arab Emirates ($329 per unit) and Australia ($317 per unit), while the average price for exports to the United States ($261 per unit) and the UK ($285 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+11.0%), while the prices for the other major destinations experienced a decline.
Imports of Keyboard Electrical Musical Instruments, Other than Accordions in Canada
In 2022, purchases abroad of keyboard electrical musical instruments, other than accordionses decreased by -2.2% to 209K units, falling for the second year in a row after two years of growth. The total import volume increased at an average annual rate of +2.0% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The growth pace was the most rapid in 2020 when imports increased by 13% against the previous year. As a result, imports reached the peak of 222K units. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of keyboard electrical musical instruments, other than accordionses soared to $45M in 2022. The total import value increased at an average annual rate of +10.8% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Keyboard Electrical Musical Instruments, Other than Accordions in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 17.5 | 18.1 | 19.1 | 18.1 | 1.1% |
| Indonesia | 6.8 | 6.1 | 7.6 | 12.1 | 21.2% |
| Malaysia | 4.4 | 4.1 | 4.0 | 8.2 | 23.1% |
| United States | 1.5 | 1.8 | 2.0 | 2.1 | 11.9% |
| Philippines | N/A | N/A | N/A | 0.5 | 0% |
| Taiwan (Chinese) | 0.1 | 0.5 | 0.6 | 0.1 | 0.0% |
| Others | 2.6 | 2.3 | 2.9 | 3.6 | 11.5% |
| Total | 32.9 | 32.9 | 36.2 | 44.7 | 10.8% |
Top Suppliers of Keyboard Electrical Musical Instruments, Other than Accordions to Canada in 2022:
- China (149.4K units)
- Malaysia (16.5K units)
- Indonesia (15.2K units)
- Philippines (8.3K units)
- United States (6.5K units)
- Taiwan (Chinese) (2.0K units)
Exports of Keyboard Electrical Musical Instruments, Other than Accordions in Canada
In 2022, approx. 2.6K units of keyboard electrical musical instruments, other than accordionses were exported from Canada; rising by 60% compared with the previous year. Overall, exports saw significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 946%. As a result, the exports attained the peak of 4.9K units. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of keyboard electrical musical instruments, other than accordionses soared to $741K in 2022. Over the period under review, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 611% against the previous year. Over the period under review, the exports of reached the peak figure in 2022 and are likely to see gradual growth in the near future.
| Export of Keyboard Electrical Musical Instruments, Other than Accordions in Canada (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 86.3 | 641 | 285 | 439 | 72.0% |
| United Kingdom | 3.8 | 2.2 | 77.3 | 166 | 252.2% |
| Australia | N/A | N/A | N/A | 62.5 | 0% |
| United Arab Emirates | N/A | N/A | N/A | 17.4 | 0% |
| Others | 13.5 | 94.5 | 21.4 | 55.4 | 60.1% |
| Total | 104 | 737 | 384 | 741 | 92.4% |
Top Export Markets for Keyboard Electrical Musical Instruments, Other than Accordions from Canada in 2022:
- United States (1683.0 units)
- United Kingdom (583.0 units)
- Australia (197.0 units)
- United Arab Emirates (53.0 units)
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