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

Contents:

1. Price for Keyboard Electrical Musical Instruments, Other than Accordions in Saudi Arabia (FOB) - 2022
2. Exports of Keyboard Electrical Musical Instruments, Other than Accordions in Saudi Arabia

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

The average export price for keyboard electrical musical instruments, other than accordionses stood at $739 per unit in 2021, increasing by 48% against the previous year. In general, export price indicated resilient growth from 2017 to 2021: its price increased at an average annual rate of +10.7% over the last four-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, export price for keyboard electrical musical instruments, other than accordionses increased by +62.0% against 2018 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for the United Arab Emirates.

From 2017 to 2021, the rate of growth in terms of prices for the United Arab Emirates amounted to +56.2% per year.

Exports of Keyboard Electrical Musical Instruments, Other than Accordions in Saudi Arabia

In 2022, shipments abroad of keyboard electrical musical instruments, other than accordionses decreased by 0% to 5 units, falling for the second consecutive year after two years of growth. In general, exports continue to indicate a abrupt descent. The pace of growth appeared the most rapid in 2020 when exports increased by 133%. As a result, the exports reached the peak of 21 units. From 2021 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of keyboard electrical musical instruments, other than accordionses contracted notably to $2.4K in 2022. Over the period under review, exports saw a abrupt decline. The growth pace was the most rapid in 2020 with an increase of 137%. As a result, the exports reached the peak of $10K. From 2021 to 2022, the growth of the exports of remained at a lower figure.

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

1. United Arab Emirates (3.0 units)

Source: IndexBox Market Intelligence Platform