Price for Keyboard Electrical Musical Instruments, Other than Accordions in Ghana - 2022

Contents:

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

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

The average import price for keyboard electrical musical instruments, other than accordionses stood at $180 per unit in 2022, declining by -7% against the previous year. Over the period under review, the import price showed a deep downturn. The pace of growth was the most pronounced in 2016 an increase of 65%. The import price peaked at $655 per unit in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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 the UK ($443 per unit), while the price for China ($74 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (-1.8%), while the prices for the other major suppliers experienced a decline.

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

In 2022, the average export price for keyboard electrical musical instruments, other than accordionses amounted to $75 per unit, dropping by -69.6% against the previous year. Over the period under review, the export price saw a drastic downturn. The pace of growth appeared the most rapid in 2016 when the average export price increased by 183% against the previous year. Over the period under review, the average export prices attained the maximum at $657 per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Cote d'Ivoire ($245 per unit), while the average price for exports to Nigeria ($10 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 Cote d'Ivoire (+22.2%), while the prices for the other major destinations experienced mixed trend patterns.

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

In 2022, purchases abroad of keyboard electrical musical instruments, other than accordionses decreased by -35.5% to 7.3K units for the first time since 2018, thus ending a three-year rising trend. In general, imports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 265%. Over the period under review, imports of reached the peak figure at 11K units in 2021, and then fell notably in the following year.

In value terms, imports of keyboard electrical musical instruments, other than accordionses shrank markedly to $1.3M in 2022. Over the period under review, imports, however, showed a strong expansion. The most prominent rate of growth was recorded in 2020 with an increase of 124%. Over the period under review, imports of reached the maximum at $2.2M in 2021, and then shrank notably in the following year.

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

1. China (3.1K units)
2. United Arab Emirates (3.0K units)
3. Hong Kong SAR (0.5K units)
4. India (0.2K units)
5. United Kingdom (0.2K units)

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

For the third consecutive year, Ghana recorded decline in shipments abroad of keyboard electrical musical instruments, other than accordionses, which decreased by 0% to 4 units in 2022. In general, exports continue to indicate a dramatic decrease. The smallest decline of -33.3% was in 2021. The exports peaked at 32 units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of keyboard electrical musical instruments, other than accordionses reduced rapidly to $301 in 2022. Over the period under review, exports faced a dramatic setback. The smallest decline of -40.9% was in 2021. The exports peaked at $15K in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

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

1. Ethiopia (1.0 units)
2. Nigeria (1.0 units)
3. Cote d'Ivoire (1.0 units)
4. South Africa (1.0 units)

Source: IndexBox Market Intelligence Platform