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

Contents:

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

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

The average import price for keyboard electrical musical instruments, other than accordionses stood at $90 per unit in 2022, dropping by -12.4% against the previous year. In general, the import price recorded a abrupt slump. The pace of growth appeared the most rapid in 2014 when the average import price increased by 41%. As a result, import price reached the peak level of $235 per unit. From 2015 to 2022, the average import prices failed to regain momentum.

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 Indonesia ($475 per unit), while the price for China ($50 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+21.1%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average export price for keyboard electrical musical instruments, other than accordionses stood at $65 per unit in 2022, falling by -48% against the previous year. Overall, the export price faced a abrupt decrease. The pace of growth appeared the most rapid in 2019 when the average export price increased by 42%. Over the period under review, the average export prices reached the peak figure at $311 per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Saudi Arabia ($251 per unit), while the average price for exports to Kenya ($1 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 Saudi Arabia (+3.4%), while the prices for the other major destinations experienced a decline.

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

After three years of growth, supplies from abroad of keyboard electrical musical instruments, other than accordionses decreased by -16.6% to 7.8K units in 2022. In general, imports showed a perceptible contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 6.6%. As a result, imports attained the peak of 9.4K units, and then contracted dramatically in the following year.

In value terms, imports of keyboard electrical musical instruments, other than accordionses reduced notably to $700K in 2022. Over the period under review, imports showed a pronounced contraction. The most prominent rate of growth was recorded in 2021 with an increase of 14% against the previous year. As a result, imports attained the peak of $958K, and then declined markedly in the following year.

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

1. China (5.8K units)
2. Hong Kong SAR (0.9K units)
3. United Arab Emirates (0.6K units)
4. Indonesia (0.2K units)
5. India (0.2K units)

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

In 2022, exports of keyboard electrical musical instruments, other than accordionses from Kuwait dropped to 13 units, with a decrease of -7.1% compared with the previous year. In general, exports saw a abrupt downturn. The smallest decline of -6.7% was in 2021. Over the period under review, the exports of attained the peak figure at 20 units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, exports of keyboard electrical musical instruments, other than accordionses fell rapidly to $850 in 2022. Over the period under review, exports showed a dramatic decline. The smallest decline of -30.5% was in 2021. Over the period under review, the exports of reached the peak figure at $3.7K in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

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

1. Saudi Arabia (2.0 units)
2. Ghana (1.0 units)
3. Bahrain (1.0 units)
4. Oman (1.0 units)
5. Nepal (1.0 units)
6. Serbia (1.0 units)
7. Qatar (1.0 units)
8. Ethiopia (1.0 units)
9. Germany (1.0 units)
10. Ireland (1.0 units)
11. United Arab Emirates (1.0 units)
12. Kenya (1.0 units)

Source: IndexBox Market Intelligence Platform