Price for Keyboard Electrical Musical Instruments, Other than Accordions in Latvia - 2023
Contents:
- Price for Keyboard Electrical Musical Instruments, Other than Accordions in Latvia (CIF) - 2022
- Price for Keyboard Electrical Musical Instruments, Other than Accordions in Latvia (FOB) - 2022
- Imports of Keyboard Electrical Musical Instruments, Other than Accordions in Latvia
- Exports of Keyboard Electrical Musical Instruments, Other than Accordions in Latvia
Price for Keyboard Electrical Musical Instruments, Other than Accordions in Latvia (CIF) - 2022
The average import price for keyboard electrical musical instruments, other than accordionses stood at $503 per unit in 2022, with a decrease of -4.5% against the previous year. In general, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the average import price increased by 33%. As a result, import price attained the peak level of $650 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 Italy ($1,195 per unit), while the price for Vietnam ($165 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+19.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Keyboard Electrical Musical Instruments, Other than Accordions in Latvia (FOB) - 2022
In 2022, the average export price for keyboard electrical musical instruments, other than accordionses amounted to $704 per unit, waning by -35% against the previous year. Overall, the export price recorded a abrupt setback. The most prominent rate of growth was recorded in 2013 an increase of 18% against the previous year. As a result, the export price attained the peak level of $1,959 per unit. From 2014 to 2022, the average export prices remained at a lower figure.
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 Romania ($1,328 per unit), while the average price for exports to Poland ($449 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 Sweden (+20.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Keyboard Electrical Musical Instruments, Other than Accordions in Latvia
In 2022, supplies from abroad of keyboard electrical musical instruments, other than accordionses decreased by -11.5% to 3.9K units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports recorded a abrupt setback. The smallest decline of -3.9% was in 2020. Imports peaked at 4.5K units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, imports of keyboard electrical musical instruments, other than accordionses dropped notably to $1.9M in 2022. The total import value increased at an average annual rate of +5.0% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 18% against the previous year. As a result, imports attained the peak of $2.3M, and then shrank remarkably in the following year.
| Import of Keyboard Electrical Musical Instruments, Other than Accordions in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 810 | 969 | 1,351 | 969 | 6.2% |
| China | 134 | 162 | 244 | 314 | 32.8% |
| Japan | 163 | 153 | 149 | 229 | 12.0% |
| Hungary | N/A | N/A | N/A | 148 | 0% |
| South Korea | 60.2 | 38.4 | N/A | 69.2 | 4.8% |
| Estonia | 14.7 | 4.7 | 26.3 | 45.3 | 45.5% |
| Vietnam | 19.5 | 39.7 | 44.7 | 36.3 | 23.0% |
| Netherlands | 58.9 | 101 | 83.0 | 34.1 | -16.7% |
| Italy | 224 | 137 | 203 | 20.3 | -55.1% |
| France | 0.1 | 157 | 93.6 | 10.9 | 377.7% |
| United Kingdom | 2.4 | 107 | 6.5 | 0.9 | -27.9% |
| Others | 189 | 78.0 | 94.1 | 63.0 | -30.7% |
| Total | 1,676 | 1,947 | 2,295 | 1,939 | 5.0% |
Top Suppliers of Keyboard Electrical Musical Instruments, Other than Accordions to Latvia in 2022:
- Germany (1544.0 units)
- China (915.0 units)
- Japan (424.0 units)
- Vietnam (220.0 units)
- Hungary (178.0 units)
- South Korea (131.0 units)
- Estonia (118.0 units)
- Netherlands (84.0 units)
- France (39.0 units)
- Italy (17.0 units)
- United Kingdom (7.0 units)
Exports of Keyboard Electrical Musical Instruments, Other than Accordions in Latvia
In 2022, approx. 1.3K units of keyboard electrical musical instruments, other than accordionses were exported from Latvia; growing by 38% compared with the previous year. Overall, total exports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +23.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +85.9% against 2019 indices. The pace of growth was the most pronounced in 2020 when exports increased by 50%. The exports peaked in 2022 and are likely to see steady growth in years to come.
In value terms, exports of keyboard electrical musical instruments, other than accordionses contracted to $926K in 2022. The total export value increased at an average annual rate of +8.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 44% against the previous year. As a result, the exports reached the peak of $1M. From 2021 to 2022, the growth of the exports of remained at a lower figure.
| Export of Keyboard Electrical Musical Instruments, Other than Accordions in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lithuania | 297 | 551 | 393 | 382 | 8.8% |
| Estonia | 120 | 223 | 318 | 204 | 19.3% |
| Russia | N/A | 157 | 117 | 172 | 4.7% |
| Moldova | 119 | 44.7 | 97.2 | 83.1 | -11.3% |
| Sweden | N/A | N/A | 4.6 | 30.9 | 571.7% |
| Romania | 34.8 | N/A | 39.7 | 29.2 | -5.7% |
| Poland | 1.5 | 0.7 | 19.0 | 11.7 | 98.3% |
| Turkmenistan | 96.8 | 48.5 | 32.1 | N/A | -42.4% |
| Others | 49.5 | 10.8 | 14.1 | 13.3 | -35.5% |
| Total | 719 | 1,036 | 1,035 | 926 | 8.8% |
Top Export Markets for Keyboard Electrical Musical Instruments, Other than Accordions from Latvia in 2022:
- Lithuania (570.0 units)
- Estonia (330.0 units)
- Russia (236.0 units)
- Moldova (80.0 units)
- Sweden (28.0 units)
- Poland (26.0 units)
- Romania (22.0 units)
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This report provides an in-depth analysis of the electrical musical instrument market in Latvia.
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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 Latvia.
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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.
