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

Contents:

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

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

The average import price for keyboard electrical musical instruments, other than accordionses stood at $501 per unit in 2022, surging by 5.8% against the previous year. Overall, the import price enjoyed a prominent increase. The most prominent rate of growth was recorded in 2015 when the average import price increased by 60%. The import price peaked in 2022 and is expected to retain growth in years to come.

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 Indonesia ($616 per unit), while the price for Hong Kong SAR ($95 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+14.9%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average export price for keyboard electrical musical instruments, other than accordionses stood at $59 per unit in 2022, reducing by -40.5% against the previous year. In general, the export price, however, continues to indicate significant growth. The most prominent rate of growth was recorded in 2015 an increase of 398%. Over the period under review, the average export prices attained the maximum at $99 per unit in 2021, and then dropped notably in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Qatar ($413 per unit), while the average price for exports to Denmark ($1 per unit) was amongst the lowest.

From 2014 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kuwait (+29.5%), while the prices for the other major destinations experienced more modest paces of growth.

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

For the third year in a row, Egypt recorded decline in overseas purchases of keyboard electrical musical instruments, other than accordionses, which decreased by -69.5% to 518 units in 2022. Over the period under review, imports showed a sharp setback. The smallest decline of -7% was in 2021. Imports peaked at 2.5K units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, imports of keyboard electrical musical instruments, other than accordionses contracted notably to $259K in 2022. Overall, imports faced a dramatic slump. The pace of growth was the most pronounced in 2021 with an increase of 37% against the previous year. Over the period under review, imports of attained the peak figure at $947K in 2019; however, from 2020 to 2022, imports remained at a lower figure.

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

1. United Arab Emirates (222.0 units)
2. China (93.0 units)
3. Malaysia (65.0 units)
4. Hong Kong SAR (50.0 units)
5. Vietnam (36.0 units)
6. Indonesia (26.0 units)
7. South Korea (9.0 units)
8. Taiwan (Chinese) (2.0 units)

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

In 2022, after two years of decline, there was significant decline in overseas shipments of keyboard electrical musical instruments, other than accordionses, when their volume decreased by -8.3% to 11 units. Overall, exports, however, enjoyed tangible growth. The exports peaked at 12 units in 2021, and then reduced in the following year.

In value terms, exports of keyboard electrical musical instruments, other than accordionses declined sharply to $647 in 2022. Over the period under review, exports, however, posted significant growth. Over the period under review, the exports of attained the maximum at $1.2K in 2021, and then reduced notably in the following year.

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

1. Bahrain (1.0 units)
2. Saudi Arabia (1.0 units)
3. Netherlands (1.0 units)
4. Denmark (1.0 units)
5. Qatar (1.0 units)
6. France (1.0 units)
7. Morocco (1.0 units)
8. Austria (1.0 units)
9. United Arab Emirates (1.0 units)
10. Palestine (1.0 units)
11. Kuwait (1.0 units)

Source: IndexBox Market Intelligence Platform