Price for Musical Instruments; Parts and Accessories for Pianos in Ethiopia - 2022

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

The average import price for musical instruments; parts and accessories for pianoses stood at $6,047 per ton in 2022, waning by -54.4% against the previous year. Over the period under review, the import price showed a perceptible decrease. The pace of growth was the most pronounced in 2017 an increase of 210% against the previous year. The import price peaked at $24,728 per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat 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 China amounted to +12.5% per year.

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

In 2022, the amount of musical instruments; parts and accessories for pianoses imported into Ethiopia skyrocketed to 1.4 tons, jumping by 238% compared with 2021 figures. Overall, imports saw a significant expansion. 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 $8.2K in 2022. In general, imports, however, showed a deep reduction.