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

Contents:

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

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

The average import price for keyboard electrical musical instruments, other than accordionses stood at $110 per unit in 2022, declining by -13.7% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average import price increased by 24%. Over the period under review, average import prices reached the peak figure at $160 per unit in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($497 per unit), while the price for China totaled $84 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+13.2%).

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

The average export price for keyboard electrical musical instruments, other than accordionses stood at $122 per unit in 2022, falling by -21% against the previous year. In general, the export price continues to indicate a deep contraction. The pace of growth was the most pronounced in 2018 an increase of 250% against the previous year. As a result, the export price reached the peak level of $558 per unit. From 2019 to 2022, the average export prices failed to regain momentum.

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 Finland ($423 per unit), while the average price for exports to Germany ($71 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 Chile (-5.3%).

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

In 2022, overseas purchases of keyboard electrical musical instruments, other than accordionses decreased by -6% to 5.2K units, falling for the second year in a row after two years of growth. The total import volume increased at an average annual rate of +8.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 40%. As a result, imports reached the peak of 5.7K units. From 2021 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of keyboard electrical musical instruments, other than accordionses reduced notably to $572K in 2022. The total import value increased at an average annual rate of +6.0% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 when imports increased by 25% against the previous year. Over the period under review, imports of reached the maximum at $705K in 2021, and then reduced sharply in the following year.

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

1. China (4.9K units)
2. United States (0.1K units)

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

In 2022, overseas shipments of keyboard electrical musical instruments, other than accordionses decreased by -99.1% to 13 units for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, posted a notable increase. The most prominent rate of growth was recorded in 2020 with an increase of 2,150%. Over the period under review, the exports of hit record highs at 1.4K units in 2021, and then contracted dramatically in the following year.

In value terms, exports of keyboard electrical musical instruments, other than accordionses declined notably to $1.6K in 2022. Over the period under review, exports recorded a significant decrease. The growth pace was the most rapid in 2020 with an increase of 1,277%. Over the period under review, the exports of attained the peak figure at $216K in 2021, and then reduced dramatically in the following year.

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

1. Germany (10.0 units)
2. Panama (1.0 units)
3. Finland (1.0 units)
4. Chile (1.0 units)

Source: IndexBox Market Intelligence Platform