Price for Musical Instruments; Parts and Accessories for Pianos in Guatemala - 2023

Contents:

  1. Price for Musical Instruments; Parts and Accessories for Pianos in Guatemala (CIF) - 2022
  2. Imports of Musical Instruments; Parts and Accessories for Pianos in Guatemala

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

The average import price for musical instruments; parts and accessories for pianoses stood at $10,636 per ton in 2022, picking up by 28% against the previous year. Overall, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 87%. The import price peaked at $10,996 per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($18,335 per ton), while the price for China amounted to $9,345 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+4.6%).

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

Imports of musical instruments; parts and accessories for pianoses into Guatemala surged to 3.2 tons in 2022, picking up by 54% against the previous year's figure. In general, imports saw a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 185% against the previous year. As a result, imports attained the peak of 4.5 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of musical instruments; parts and accessories for pianoses soared to $34K in 2022. Over the period under review, imports enjoyed a significant expansion. 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 Guatemala (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China7.318.115.527.355.2%
United States2.00.10.34.833.9%
United KingdomN/A0.5N/AN/A0%
Others1.31.51.62.015.4%
Total10.620.317.434.147.6%

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

  1. China (2.9 tons)
  2. United States (0.3 tons)

Source: IndexBox Market Intelligence Platform

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