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

Contents:

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

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

In 2022, the average import price for keyboard electrical musical instruments, other than accordionses amounted to $509 per unit, growing by 7.1% against the previous year. Over the period under review, the import price, however, continues to indicate a pronounced reduction. The most prominent rate of growth was recorded in 2018 an increase of 16% against the previous year. The import price peaked at $658 per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Japan ($510 per unit) and the United States ($510 per unit), while the price for Panama ($352 per unit) and South Korea ($488 per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+35.1%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average export price for keyboard electrical musical instruments, other than accordionses amounted to $494 per unit, declining by -36.2% against the previous year. In general, the export price showed a perceptible decrease. The most prominent rate of growth was recorded in 2018 an increase of 28% against the previous year. The export price peaked at $775 per unit in 2021, and then dropped remarkably in the following year.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Costa Rica ($924 per unit), while the average price for exports to Brazil ($45 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 Costa Rica (+43.5%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, imports of keyboard electrical musical instruments, other than accordionses into Guatemala rose notably to 8.7K units, growing by 12% compared with 2021 figures. In general, total imports indicated mild growth from 2019 to 2022: its volume increased at an average annual rate of +1.9% 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 +58.9% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 41%. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, imports of keyboard electrical musical instruments, other than accordionses soared to $4.4M in 2022. Overall, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +5.7% 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 +75.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 46% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to continue growth in the immediate term.

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

1. China (6.5K units)
2. India (0.7K units)
3. Malaysia (0.7K units)
4. Indonesia (0.2K units)
5. United States (0.2K units)
6. Japan (0.2K units)

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

In 2022, shipments abroad of keyboard electrical musical instruments, other than accordionses was finally on the rise to reach 34 units for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, continue to indicate a dramatic shrinkage. Over the period under review, the exports of attained the maximum at 137 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 fell dramatically to $17K in 2022. Over the period under review, exports, however, recorded a precipitous setback. The pace of growth was the most pronounced in 2020 when exports increased by 11%. As a result, the exports reached the peak of $91K. From 2021 to 2022, the growth of the exports of failed to regain momentum.

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

1. Honduras (8.0 units)
2. El Salvador (7.0 units)
3. Nicaragua (3.0 units)
4. Panama (2.0 units)
5. United States (2.0 units)
6. South Korea (2.0 units)
7. Brazil (1.0 units)
8. Bahrain (1.0 units)
9. Costa Rica (1.0 units)
10. Germany (1.0 units)
11. Colombia (1.0 units)
12. Argentina (1.0 units)
13. Ecuador (1.0 units)

Source: IndexBox Market Intelligence Platform