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

Contents:

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

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

The average import price for keyboard electrical musical instruments, other than accordionses stood at $536 per unit in 2022, with an increase of 13% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.9%. The pace of growth was the most pronounced in 2018 an increase of 22%. As a result, import price attained the peak level of $553 per unit. From 2019 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($709 per unit), while the price for China ($135 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+30.8%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average export price for keyboard electrical musical instruments, other than accordionses amounted to $558 per unit, with an increase of 70% against the previous year. In general, the export price enjoyed a resilient increase. The most prominent rate of growth was recorded in 2014 an increase of 71%. Over the period under review, the average export prices hit record highs at $782 per unit in 2015; however, from 2016 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 Georgia ($1,113 per unit), while the average price for exports to Belarus ($329 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 Kyrgyzstan (+58.7%), while the prices for the other major destinations experienced more modest paces of growth.

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

After three years of growth, supplies from abroad of keyboard electrical musical instruments, other than accordionses decreased by -19.6% to 5.6K units in 2022. Overall, total imports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +10.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 62%. Over the period under review, imports of hit record highs at 7K units in 2021, and then declined remarkably in the following year.

In value terms, imports of keyboard electrical musical instruments, other than accordionses dropped to $3M in 2022. Over the period under review, total imports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +20.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +76.7% against 2019 indices. The pace of growth was the most pronounced in 2020 when imports increased by 72%. Over the period under review, imports of attained the maximum at $3.3M in 2021, and then fell in the following year.

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

1. Germany (2197.0 units)
2. China (795.0 units)
3. Sweden (778.0 units)
4. Latvia (667.0 units)
5. Poland (466.0 units)
6. Belgium (396.0 units)
7. Finland (133.0 units)
8. Netherlands (82.0 units)

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

In 2022, overseas shipments of keyboard electrical musical instruments, other than accordionses decreased by -39.3% to 2.6K units for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, posted a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 91% against the previous year. As a result, the exports attained the peak of 4.3K units, and then shrank markedly in the following year.

In value terms, exports of keyboard electrical musical instruments, other than accordionses expanded to $1.4M in 2022. Over the period under review, exports, however, posted a significant increase. The growth pace was the most rapid in 2020 with an increase of 120%. Over the period under review, the exports of reached the peak figure in 2022 and are expected to retain growth in the near future.

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

1. Germany (616.0 units)
2. Kyrgyzstan (433.0 units)
3. Kazakhstan (256.0 units)
4. Belarus (249.0 units)
5. Turkey (197.0 units)
6. Russia (169.0 units)
7. Georgia (139.0 units)
8. Estonia (138.0 units)
9. Poland (133.0 units)
10. Latvia (126.0 units)
11. Tajikistan (125.0 units)

Source: IndexBox Market Intelligence Platform