Price for Keyboard Electrical Musical Instruments, Other than Accordions in the United States - 2024
Contents:
- Price for Keyboard Electrical Musical Instruments, Other than Accordions in the United States (CIF) - 2024
- Price for Keyboard Electrical Musical Instruments, Other than Accordions in the United States (FOB) - 2024
- Imports of Keyboard Electrical Musical Instruments, Other than Accordions in the United States
- Exports of Keyboard Electrical Musical Instruments, Other than Accordions in the United States
Price for Keyboard Electrical Musical Instruments, Other than Accordions in the United States (CIF) - 2024
In December 2023, the average import price for keyboard electrical musical instruments, other than accordionses amounted to $165 per unit, picking up by 10% against the previous month. Overall, the import price, however, showed a noticeable downturn. The pace of growth was the most pronounced in March 2023 when the average import price increased by 61% m-o-m. As a result, import price attained the peak level of $372 per unit. From April 2023 to December 2023, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was Sweden ($1,280 per unit), while the price for the Philippines ($59.0 per unit) was amongst the lowest.
From February 2023 to December 2023, the most notable rate of growth in terms of prices was attained by Indonesia (+3.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Keyboard Electrical Musical Instruments, Other than Accordions in the United States (FOB) - 2024
In December 2023, the average export price for keyboard electrical musical instruments, other than accordionses amounted to $392 per unit, shrinking by -4.5% against the previous month. Overall, the export price recorded a noticeable setback. The most prominent rate of growth was recorded in April 2023 when the average export price increased by 55% month-to-month. As a result, the export price attained the peak level of $657 per unit. From May 2023 to December 2023, the the average export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was the UK ($1,055 per unit), while the average price for exports to South Korea ($150 per unit) was amongst the lowest.
From February 2023 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+9.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Keyboard Electrical Musical Instruments, Other than Accordions in the United States
After three years of growth, purchases abroad of keyboard electrical musical instruments, other than accordionses decreased by -18.7% to 1.6M units in 2022. In general, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of 14%. Imports peaked at 2M units in 2021, and then declined dramatically in the following year.
In value terms, imports of keyboard electrical musical instruments, other than accordionses soared to $302M in 2022. The total import value increased at an average annual rate of +6.0% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Keyboard Electrical Musical Instruments, Other than Accordions in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 152 | 144 | 145 | 140 | -2.7% |
| Indonesia | 46.7 | 27.1 | 30.8 | 67.9 | 13.3% |
| Malaysia | 21.3 | 18.1 | 24.5 | 43.7 | 27.1% |
| Vietnam | 3.6 | 3.8 | 5.0 | 3.0 | -5.9% |
| Philippines | N/A | N/A | N/A | 2.4 | 0% |
| Taiwan (Chinese) | 0.2 | 2.5 | 5.7 | 0.5 | 35.7% |
| Others | 30.1 | 25.2 | 40.4 | 45.2 | 14.5% |
| Total | 254 | 220 | 252 | 302 | 5.9% |
Top Suppliers of Keyboard Electrical Musical Instruments, Other than Accordions to the United States in 2022:
- China (1323.9K units)
- Malaysia (93.8K units)
- Indonesia (93.1K units)
- Philippines (46.7K units)
- Vietnam (22.4K units)
- Taiwan (Chinese) (9.9K units)
Exports of Keyboard Electrical Musical Instruments, Other than Accordions in the United States
In 2022, shipments abroad of keyboard electrical musical instruments, other than accordionses decreased by -25.9% to 83K units for the first time since 2018, thus ending a three-year rising trend. Overall, exports showed a deep contraction. The pace of growth was the most pronounced in 2021 with an increase of 9.2% against the previous year. As a result, the exports reached the peak of 112K units, and then shrank markedly in the following year.
In value terms, exports of keyboard electrical musical instruments, other than accordionses shrank to $34M in 2022. In general, exports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 17%. As a result, the exports attained the peak of $39M, and then reduced in the following year.
| Export of Keyboard Electrical Musical Instruments, Other than Accordions in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 11.1 | 13.0 | 12.0 | 9.6 | -4.7% |
| Germany | 5.7 | 6.3 | 7.7 | 9.3 | 17.7% |
| United Kingdom | 3.0 | 2.4 | 2.8 | 2.8 | -2.3% |
| Australia | 0.8 | 1.2 | 1.7 | 1.8 | 31.0% |
| Belgium | 0.9 | 0.6 | 1.1 | 1.4 | 15.9% |
| Japan | 1.2 | 1.3 | 2.2 | 1.1 | -2.9% |
| South Korea | 1.6 | 1.3 | 1.1 | 1.1 | -11.7% |
| Mexico | 0.4 | 0.5 | 0.2 | 0.8 | 26.0% |
| Singapore | 0.6 | 0.4 | 1.3 | 0.4 | -12.6% |
| Others | 9.0 | 6.3 | 8.9 | 6.1 | -12.2% |
| Total | 34.2 | 33.3 | 39.0 | 34.4 | 0.2% |
Top Export Markets for Keyboard Electrical Musical Instruments, Other than Accordions from the United States in 2022:
- Canada (44.0K units)
- Germany (10.7K units)
- United Kingdom (3.5K units)
- Mexico (3.2K units)
- Singapore (2.1K units)
- South Korea (2.1K units)
- Australia (1.9K units)
- Belgium (1.7K units)
- Japan (1.4K units)
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This report provides an in-depth analysis of the electrical musical instrument market in the U.S..
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This report provides an in-depth analysis of the global electrical musical instrument market.
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In terms of value, imports of Electrical Musical Instruments grew significantly to $41M in June 2023.
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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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In terms of value, imports of Electrical Musical Instruments grew significantly to $41M in June 2023.
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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.
