Price for Musical Instruments; Parts and Accessories for Pianos in Canada - 2024

Contents:

1. Price for Musical Instruments; Parts and Accessories for Pianos in Canada (CIF) - 2022
2. Price for Musical Instruments; Parts and Accessories for Pianos in Canada (FOB) - 2022
3. Imports of Musical Instruments; Parts and Accessories for Pianos in Canada
4. Exports of Musical Instruments; Parts and Accessories for Pianos in Canada

Price for Musical Instruments; Parts and Accessories for Pianos in Canada (CIF) - 2022

In 2022, the average import price for musical instruments; parts and accessories for pianoses amounted to $22,162 per ton, growing by 3.7% against the previous year. Over the last decade, it increased at an average annual rate of +2.2%. The pace of growth was the most pronounced in 2019 an increase of 10%. The import price peaked in 2022 and is likely to continue growth in the near future.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from China ($22,163 per ton) and the United States ($22,161 per ton), while the price for Indonesia ($22,156 per ton) and Germany ($22,159 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+2.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Musical Instruments; Parts and Accessories for Pianos in Canada (FOB) - 2022

In 2022, the average export price for musical instruments; parts and accessories for pianoses amounted to $21,443 per ton, declining by -3.5% against the previous year. Overall, export price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for musical instruments; parts and accessories for pianoses increased by +50.1% against 2018 indices. The pace of growth was the most pronounced in 2014 an increase of 57%. As a result, the export price reached the peak level of $27,316 per ton. From 2015 to 2022, the average export prices failed to regain momentum.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to the United States ($21,421 per ton) and Germany ($21,375 per ton), while the average price for exports to Japan ($21,182 per ton) and Belgium ($21,296 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+17.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Musical Instruments; Parts and Accessories for Pianos in Canada

Imports of musical instruments; parts and accessories for pianoses into Canada reduced remarkably to 29 tons in 2022, falling by -25.4% compared with the year before. In general, imports continue to indicate a deep reduction. The pace of growth appeared the most rapid in 2021 when imports increased by 45% against the previous year. As a result, imports reached the peak of 39 tons, and then fell rapidly in the following year.

In value terms, imports of musical instruments; parts and accessories for pianoses declined notably to $652K in 2022. Overall, imports continue to indicate a perceptible curtailment. The pace of growth was the most pronounced in 2021 when imports increased by 47% against the previous year. As a result, imports attained the peak of $843K, and then shrank remarkably in the following year.

Top Suppliers of Musical Instruments; Parts and Accessories for Pianos to Canada in 2022:

1. United States (15.6 tons)
2. Japan (4.9 tons)
3. China (4.0 tons)
4. Germany (2.8 tons)
5. Indonesia (1.6 tons)

Exports of Musical Instruments; Parts and Accessories for Pianos in Canada

In 2022, overseas shipments of musical instruments; parts and accessories for pianoses decreased by -47.7% to 23 tons for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, recorded a buoyant increase. The growth pace was the most rapid in 2021 when exports increased by 82% against the previous year. As a result, the exports attained the peak of 44 tons, and then declined notably in the following year.

In value terms, exports of musical instruments; parts and accessories for pianoses dropped remarkably to $488K in 2022. Overall, exports, however, recorded a significant expansion. The growth pace was the most rapid in 2021 when exports increased by 100% against the previous year. As a result, the exports attained the peak of $968K, and then reduced markedly in the following year.

Top Export Markets for Musical Instruments; Parts and Accessories for Pianos from Canada in 2022:

1. United States (14.6 tons)
2. Germany (2.6 tons)
3. Taiwan (Chinese) (2.2 tons)
4. Italy (1.7 tons)
5. Belgium (1.1 tons)
6. Japan (0.6 tons)

Source: IndexBox Market Intelligence Platform