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

Contents:

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

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

In 2022, the average import price for keyboard electrical musical instruments, other than accordionses amounted to $177 per unit, increasing by 9.4% against the previous year. Overall, the import price, however, showed a abrupt decrease. Over the period under review, average import prices hit record highs at $607 per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Czech Republic ($947 per unit), while the price for China ($46 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+9.1%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average export price for keyboard electrical musical instruments, other than accordionses amounted to $384 per unit, dropping by -27.1% against the previous year. Over the period under review, the export price showed a deep setback. The pace of growth was the most pronounced in 2019 an increase of 39%. As a result, the export price reached the peak level of $830 per unit. From 2020 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Serbia ($1,671 per unit), while the average price for exports to Slovakia ($186 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 Serbia (+10.2%), while the prices for the other major destinations experienced mixed trend patterns.

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

In 2022, after three years of growth, there was significant decline in purchases abroad of keyboard electrical musical instruments, other than accordionses, when their volume decreased by -6.8% to 12K units. Overall, imports, however, saw significant growth. The growth pace was the most rapid in 2021 when imports increased by 64% against the previous year. As a result, imports reached the peak of 13K units, and then dropped in the following year.

In value terms, imports of keyboard electrical musical instruments, other than accordionses reached $2.2M in 2022. Over the period under review, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 when imports increased by 4.8% against the previous year. As a result, imports attained the peak of $2.3M. From 2021 to 2022, the growth of imports of failed to regain momentum.

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

1. China (9.4K units)
2. Germany (0.8K units)
3. Japan (0.4K units)
4. Austria (0.4K units)
5. Vietnam (0.4K units)
6. Belgium (0.4K units)
7. Czech Republic (0.3K units)

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

In 2022, shipments abroad of keyboard electrical musical instruments, other than accordionses was finally on the rise to reach 625 units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, faced a sharp curtailment. Over the period under review, the exports of hit record highs at 4.9K units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, exports of keyboard electrical musical instruments, other than accordionses shrank dramatically to $240K in 2022. Overall, exports, however, showed a significant decrease. The smallest decline of -21.6% was in 2021. The exports peaked at $4.1M in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

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

1. Slovakia (472.0 units)
2. Serbia (59.0 units)
3. Romania (46.0 units)
4. Czech Republic (16.0 units)
5. Germany (13.0 units)

Source: IndexBox Market Intelligence Platform