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

Contents:

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

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

In 2022, the average import price for keyboard electrical musical instruments, other than accordionses amounted to $173 per unit, with an increase of 22% against the previous year. In general, the import price, however, saw a deep downturn. The most prominent rate of growth was recorded in 2014 when the average import price increased by 60%. As a result, import price reached the peak level of $524 per unit. From 2015 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 Indonesia ($1,122 per unit), while the price for China ($118 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+6.7%), while the prices for the other major suppliers experienced mixed trend patterns.

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

The average export price for keyboard electrical musical instruments, other than accordionses stood at $924 per unit in 2022, remaining constant against the previous year. In general, the export price continues to indicate a significant expansion. The pace of growth was the most pronounced in 2016 when the average export price increased by 72% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to see steady growth in the immediate term.

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 Lithuania ($5,228 per unit), while the average price for exports to Spain ($75 per unit) was amongst the lowest.

From 2015 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Spain (-6.4%).

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

Imports of keyboard electrical musical instruments, other than accordionses into Morocco declined markedly to 3.3K units in 2022, falling by -28.6% on the previous year's figure. In general, imports, however, saw prominent growth. The most prominent rate of growth was recorded in 2021 with an increase of 162% against the previous year. As a result, imports attained the peak of 4.7K units, and then shrank notably in the following year.

In value terms, imports of keyboard electrical musical instruments, other than accordionses shrank to $577K in 2022. Over the period under review, imports showed a mild setback. The pace of growth was the most pronounced in 2021 with an increase of 78%. As a result, imports attained the peak of $664K, and then reduced in the following year.

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

1. China (2725.0 units)
2. United Arab Emirates (230.0 units)
3. Malaysia (154.0 units)
4. Hong Kong SAR (73.0 units)
5. Japan (61.0 units)
6. Indonesia (3.0 units)

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

In 2022, approx. 7 units of keyboard electrical musical instruments, other than accordionses were exported from Morocco; standing approx. at the year before. Over the period under review, exports showed significant growth. The smallest decline of 99.9% was in 2021. Over the period under review, the exports of reached the peak figure in 2022 and are likely to see steady growth in the near future.

In value terms, exports of keyboard electrical musical instruments, other than accordionses totaled $6.5K in 2022. Overall, exports continue to indicate significant growth. The growth pace was the most rapid in 2020 with an increase of 51% against the previous year. Over the period under review, the exports of reached the peak figure in 2022 and are likely to see steady growth in years to come.

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

1. Sweden (3.0 units)
2. Spain (2.0 units)
3. Lithuania (1.0 units)
4. France (1.0 units)

Source: IndexBox Market Intelligence Platform