Price for Keyboard Electrical Musical Instruments, Other than Accordions in Estonia - 2023
Contents:
- Price for Keyboard Electrical Musical Instruments, Other than Accordions in Estonia (CIF) - 2023
- Price for Keyboard Electrical Musical Instruments, Other than Accordions in Estonia (FOB) - 2023
- Imports of Keyboard Electrical Musical Instruments, Other than Accordions in Estonia
- Exports of Keyboard Electrical Musical Instruments, Other than Accordions in Estonia
Price for Keyboard Electrical Musical Instruments, Other than Accordions in Estonia (CIF) - 2023
The average import price for keyboard electrical musical instruments, other than accordionses stood at $644 per unit in December 2023, declining by -5.2% against the previous month. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in September 2023 an increase of 68% m-o-m. Over the period under review, average import prices attained the peak figure at $679 per unit in November 2023, and then fell in the following month.
There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was Denmark ($1,165 per unit), while the price for Latvia ($466 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 Denmark (+7.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Keyboard Electrical Musical Instruments, Other than Accordions in Estonia (FOB) - 2023
The average export price for keyboard electrical musical instruments, other than accordionses stood at $374 per unit in December 2023, surging by 82% against the previous month. Over the period under review, the export price saw a modest expansion. The most prominent rate of growth was recorded in September 2023 when the average export price increased by 157% m-o-m. As a result, the export price attained the peak level of $1,240 per unit. From October 2023 to December 2023, the the average export prices remained at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Sweden ($508 per unit), while the average price for exports to Latvia ($159 per unit) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Kyrgyzstan (+10.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Keyboard Electrical Musical Instruments, Other than Accordions in Estonia
In 2022, imports of keyboard electrical musical instruments, other than accordionses into Estonia shrank to 2.5K units, reducing by -9.7% against 2021 figures. The total import volume increased at an average annual rate of +1.2% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 23% against the previous year. As a result, imports attained the peak of 2.7K units, and then contracted in the following year.
In value terms, imports of keyboard electrical musical instruments, other than accordionses reduced to $1.5M in 2022. In general, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 20% against the previous year. As a result, imports attained the peak of $1.6M, and then dropped in the following year.
| Import of Keyboard Electrical Musical Instruments, Other than Accordions in Estonia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 906 | 917 | 974 | 843 | -2.4% |
| Latvia | 65.3 | 212 | 323 | 223 | 50.6% |
| Belgium | 60.7 | 114 | 141 | 140 | 32.1% |
| Sweden | 30.4 | 70.1 | 114 | 119 | 57.6% |
| Lithuania | N/A | 23.7 | 54.8 | 77.6 | 80.9% |
| Denmark | N/A | N/A | 3.5 | 30.1 | 760.0% |
| China | 104 | 1.1 | 10.6 | 5.5 | -62.5% |
| Others | 300 | 37.9 | 24.8 | 21.2 | -58.7% |
| Total | 1,466 | 1,375 | 1,646 | 1,459 | -0.2% |
Top Suppliers of Keyboard Electrical Musical Instruments, Other than Accordions to Estonia in 2022:
- Germany (816.0 units)
- Latvia (793.0 units)
- Sweden (296.0 units)
- Lithuania (281.0 units)
- Belgium (184.0 units)
- Denmark (42.0 units)
- China (11.0 units)
Exports of Keyboard Electrical Musical Instruments, Other than Accordions in Estonia
For the fourth year in a row, Estonia recorded growth in overseas shipments of keyboard electrical musical instruments, other than accordionses, which increased by 152% to 4.5K units in 2022. Over the period under review, exports posted significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 1,191% against the previous year. Over the period under review, the exports of attained the peak figure in 2022 and are likely to see gradual growth in the immediate term.
In value terms, exports of keyboard electrical musical instruments, other than accordionses surged to $923K in 2022. In general, exports showed significant growth. The pace of growth was the most pronounced in 2021 when exports increased by 955%. Over the period under review, the exports of hit record highs in 2022 and are likely to continue growth in the immediate term.
| Export of Keyboard Electrical Musical Instruments, Other than Accordions in Estonia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | N/A | 24.9 | 429 | 905 | 502.9% |
| Latvia | 1.0 | 2.6 | 6.6 | 8.4 | 103.3% |
| Others | 23.3 | 15.0 | 12.5 | 10.0 | -24.6% |
| Total | 24.3 | 42.5 | 448 | 923 | 236.1% |
Top Export Markets for Keyboard Electrical Musical Instruments, Other than Accordions from Estonia in 2022:
- Sweden (4.4K units)
- Latvia (0.1K units)
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