Price for Musical Instruments; Parts and Accessories for Pianos in Colombia - 2022
Contents:
- Price for Musical Instruments; Parts and Accessories for Pianos in Colombia (CIF) - 2022
- Price for Musical Instruments; Parts and Accessories for Pianos in Colombia (FOB) - 2022
- Imports of Musical Instruments; Parts and Accessories for Pianos in Colombia
- Exports of Musical Instruments; Parts and Accessories for Pianos in Colombia
Price for Musical Instruments; Parts and Accessories for Pianos in Colombia (CIF) - 2022
In 2022, the average import price for musical instruments; parts and accessories for pianoses amounted to $4,621 per ton, reducing by -58.7% against the previous year. Over the period under review, the import price showed a abrupt setback. The most prominent rate of growth was recorded in 2014 when the average import price increased by 107%. Over the period under review, average import prices reached the maximum at $20,280 per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for China.
From 2012 to 2022, the rate of growth in terms of prices for Hong Kong SAR amounted to +0.5% per year.
Price for Musical Instruments; Parts and Accessories for Pianos in Colombia (FOB) - 2022
In 2022, the average export price for musical instruments; parts and accessories for pianoses amounted to $47,813 per ton, increasing by 5.8% against the previous year. Over the period under review, the export price continues to indicate buoyant growth. The most prominent rate of growth was recorded in 2020 when the average export price increased by 9.8%. As a result, the export price reached the peak level of $78,923 per ton. From 2021 to 2022, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Guatemala ($155,000 per ton), while the average price for exports to Ecuador ($37,214 per ton) was amongst the lowest.
From 2015 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Chile (-8.1%).
Imports of Musical Instruments; Parts and Accessories for Pianos in Colombia
In 2022, imports of musical instruments; parts and accessories for pianoses into Colombia surged to 11 tons, increasing by 2,117% compared with the previous year's figure. Over the period under review, imports continue to indicate a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of musical instruments; parts and accessories for pianoses skyrocketed to $52K in 2022. Overall, imports posted a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Musical Instruments; Parts and Accessories for Pianos in Colombia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 4.8 | 7.4 | 1.6 | 50.9 | 119.7% |
| Hong Kong SAR | 0.9 | 1.1 | 0.2 | N/A | -52.9% |
| Germany | 5.9 | 9.5 | 2.8 | N/A | -31.1% |
| Others | 6.6 | 7.2 | 1.0 | 0.8 | -50.5% |
| Total | 18.2 | 25.2 | 5.6 | 51.6 | 41.5% |
Top Suppliers of Musical Instruments; Parts and Accessories for Pianos to Colombia in 2022:
- China (11.1 tons)
Exports of Musical Instruments; Parts and Accessories for Pianos in Colombia
Exports of musical instruments; parts and accessories for pianoses from Colombia contracted sharply to 32 kg in 2022, shrinking by -28.9% on the previous year. Over the period under review, exports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 246% against the previous year. As a result, the exports reached the peak of 45 kg, and then dropped significantly in the following year.
In value terms, exports of musical instruments; parts and accessories for pianoses declined significantly to $1.5K in 2022. Overall, exports, however, continue to indicate strong growth. The pace of growth appeared the most rapid in 2021 when exports increased by 98%. As a result, the exports attained the peak of $2K, and then contracted sharply in the following year.
| Export of Musical Instruments; Parts and Accessories for Pianos in Colombia (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ecuador | N/A | N/A | N/A | 1,042 | 0% |
| Chile | 1,143 | 1,026 | 2,033 | 333 | -33.7% |
| Guatemala | N/A | N/A | N/A | 155 | 0% |
| Aruba | 7.0 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 1,150 | 1,026 | 2,033 | 1,530 | 10.0% |
Top Export Markets for Musical Instruments; Parts and Accessories for Pianos from Colombia in 2022:
- Ecuador (28.0 kg)
- Chile (3.0 kg)
- Guatemala (1.0 kg)
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