Price for Keyboard Electrical Musical Instruments, Other than Accordions in Italy - 2023
Contents:
- Price for Keyboard Electrical Musical Instruments, Other than Accordions in Italy (CIF) - 2023
- Price for Keyboard Electrical Musical Instruments, Other than Accordions in Italy (FOB) - 2023
- Imports of Keyboard Electrical Musical Instruments, Other than Accordions in Italy
- Exports of Keyboard Electrical Musical Instruments, Other than Accordions in Italy
Price for Keyboard Electrical Musical Instruments, Other than Accordions in Italy (CIF) - 2023
The average import price for keyboard electrical musical instruments, other than accordionses stood at $468 per unit in December 2023, reducing by -17.8% against the previous month. Over the period under review, the import price continues to indicate a slight curtailment. The growth pace was the most rapid in July 2023 an increase of 47% against the previous month. As a result, import price attained the peak level of $800 per unit. From August 2023 to December 2023, the average import prices remained at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for China.
From December 2022 to December 2023, the rate of growth in terms of prices for Belgium amounted to +2.7% per month.
Price for Keyboard Electrical Musical Instruments, Other than Accordions in Italy (FOB) - 2023
The average export price for keyboard electrical musical instruments, other than accordionses stood at $4,696 per unit in December 2023, increasing by 53% against the previous month. In general, the export price continues to indicate mild growth. The most prominent rate of growth was recorded in September 2023 when the average export price increased by 168% m-o-m. The export price peaked in December 2023.
There were significant differences in the average prices for the major foreign markets. In December 2023, the country with the highest price was the United States ($64,261 per unit), while the average price for exports to Hong Kong SAR ($420 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 Turkey (+28.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Keyboard Electrical Musical Instruments, Other than Accordions in Italy
In 2022, imports of keyboard electrical musical instruments, other than accordionses into Italy shrank modestly to 71K units, which is down by -4.5% on the previous year's figure. Overall, imports recorded a deep reduction. The smallest decline of -3.7% was in 2020. Imports peaked at 83K 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 shrank dramatically to $27M in 2022. The total import value increased at an average annual rate of +1.5% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when imports increased by 14% against the previous year. As a result, imports reached the peak of $32M, and then dropped dramatically in the following year.
| Import of Keyboard Electrical Musical Instruments, Other than Accordions in Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 11.5 | 11.0 | 10.5 | 9.1 | -7.5% |
| China | 3.6 | 5.9 | 9.6 | 7.0 | 24.8% |
| Germany | 4.4 | 4.9 | 6.1 | 4.4 | 0.0% |
| Belgium | 1.9 | 0.8 | 1.2 | 2.8 | 13.8% |
| Spain | 0.5 | 2.1 | 2.7 | 1.3 | 37.5% |
| Sweden | 1.1 | 1.0 | 0.4 | 1.1 | 0.0% |
| Others | 2.9 | 2.7 | 1.9 | 1.4 | -21.6% |
| Total | 25.9 | 28.4 | 32.4 | 27.1 | 1.5% |
Top Suppliers of Keyboard Electrical Musical Instruments, Other than Accordions to Italy in 2022:
- China (23.2K units)
- Germany (20.5K units)
- France (16.9K units)
- Belgium (3.7K units)
- Spain (2.1K units)
- Sweden (1.8K units)
Exports of Keyboard Electrical Musical Instruments, Other than Accordions in Italy
For the third consecutive year, Italy recorded decline in overseas shipments of keyboard electrical musical instruments, other than accordionses, which decreased by -30.9% to 14K units in 2022. In general, exports recorded a dramatic descent. The smallest decline of -29.3% was in 2020. The exports peaked at 44K 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 declined slightly to $21M in 2022. Overall, exports continue to indicate a deep slump. The smallest decline of -4.2% was in 2021. Over the period under review, the exports of attained the peak figure at $26M in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
| Export of Keyboard Electrical Musical Instruments, Other than Accordions in Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 5.1 | 5.7 | 5.2 | 4.5 | -4.1% |
| United States | 1.4 | 1.2 | 1.7 | 2.8 | 26.0% |
| France | 2.3 | 3.0 | 2.1 | 1.5 | -13.3% |
| China | 1.6 | 0.6 | 1.7 | 1.5 | -2.1% |
| United Kingdom | 1.9 | 1.4 | 1.2 | 1.3 | -11.9% |
| South Korea | 0.6 | 0.5 | 0.9 | 0.8 | 10.1% |
| Spain | 1.9 | 1.3 | 1.1 | 0.7 | -28.3% |
| Netherlands | 1.4 | 0.8 | 0.8 | 0.6 | -24.6% |
| United Arab Emirates | 0.2 | 0.3 | 0.2 | 0.5 | 35.7% |
| Czech Republic | 0.2 | 0.2 | 0.3 | 0.3 | 14.5% |
| Portugal | 0.7 | 0.3 | 0.1 | 0.3 | -24.6% |
| Lebanon | 0.2 | 0.2 | 0.4 | 0.3 | 14.5% |
| Hong Kong SAR | 0.7 | 0.2 | 0.2 | N/A | -46.5% |
| Others | 7.7 | 6.9 | 5.7 | 5.7 | -9.5% |
| Total | 25.8 | 22.6 | 21.7 | 20.7 | -7.1% |
Top Export Markets for Keyboard Electrical Musical Instruments, Other than Accordions from Italy in 2022:
- United States (3.9K units)
- Germany (2.2K units)
- France (1.1K units)
- Czech Republic (0.7K units)
- China (0.7K units)
- Spain (0.7K units)
- United Arab Emirates (0.6K units)
- Netherlands (0.5K units)
- United Kingdom (0.5K units)
- Lebanon (0.4K units)
- South Korea (0.4K units)
- Portugal (0.3K units)
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This report provides an in-depth analysis of the electrical musical instrument market in Italy.
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This report provides an in-depth analysis of the global electrical musical instrument market.
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This report provides an in-depth analysis of the electrical musical instrument market in Italy.
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This report provides an in-depth analysis of the global electrical musical instrument market.
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Discover the top import markets for electrical musical instruments in 2023. Learn about the key countries driving the global trade of musical instruments.
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Discover the top import markets for electrical musical instruments in 2023. Learn about the key countries driving the global trade of musical instruments.
