Price for Musical Instruments; Parts and Accessories for Pianos in Hong Kong SAR - 2023
Contents:
- Price for Musical Instruments; Parts and Accessories for Pianos in Hong Kong SAR (FOB) - 2022
- Price for Musical Instruments; Parts and Accessories for Pianos in Hong Kong SAR (CIF) - 2022
- Exports of Musical Instruments; Parts and Accessories for Pianos in Hong Kong SAR
- Imports of Musical Instruments; Parts and Accessories for Pianos in Hong Kong SAR
Price for Musical Instruments; Parts and Accessories for Pianos in Hong Kong SAR (FOB) - 2022
The average export price for musical instruments; parts and accessories for pianoses stood at $12,418 per ton in 2022, shrinking by -20.9% against the previous year. Over the period under review, the export price, however, recorded perceptible growth. The most prominent rate of growth was recorded in 2017 when the average export price increased by 141%. Over the period under review, the average export prices reached the peak figure at $15,707 per ton in 2021, and then fell markedly in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($24,111 per ton), while the average price for exports to China ($9,435 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+27.3%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Musical Instruments; Parts and Accessories for Pianos in Hong Kong SAR (CIF) - 2022
The average import price for musical instruments; parts and accessories for pianoses stood at $43,217 per ton in 2022, with an increase of 15% against the previous year. In general, the import price continues to indicate a strong increase. The pace of growth was the most pronounced in 2020 when the average import price increased by 93%. The import price peaked in 2022 and is expected to retain growth in the near future.
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 ($112,094 per ton), while the price for China ($21,142 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+32.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Musical Instruments; Parts and Accessories for Pianos in Hong Kong SAR
In 2022, approx. 20 tons of musical instruments; parts and accessories for pianoses were exported from Hong Kong SAR; reducing by -37.8% against 2021 figures. Over the period under review, exports showed a abrupt decline. The most prominent rate of growth was recorded in 2021 when exports increased by 32% against the previous year. As a result, the exports attained the peak of 33 tons, and then plummeted in the following year.
In value terms, exports of musical instruments; parts and accessories for pianoses reduced sharply to $254K in 2022. In general, exports showed a drastic downturn. The pace of growth appeared the most rapid in 2021 with an increase of 35%. As a result, the exports reached the peak of $517K, and then reduced sharply in the following year.
| Export of Musical Instruments; Parts and Accessories for Pianos in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 345 | 305 | 394 | 150 | -24.2% |
| China | 10.7 | 11.8 | 41.4 | 63.0 | 80.6% |
| United States | 19.7 | 11.4 | 18.4 | 14.5 | -9.7% |
| Indonesia | 12.1 | 0.7 | 6.9 | 13.8 | 4.5% |
| Others | 5.6 | 52.9 | 56.7 | 12.6 | 31.0% |
| Total | 393 | 382 | 517 | 254 | -13.5% |
Top Export Markets for Musical Instruments; Parts and Accessories for Pianos from Hong Kong SAR in 2022:
- Japan (12.1 tons)
- China (6.7 tons)
- United States (0.6 tons)
- Indonesia (0.6 tons)
Imports of Musical Instruments; Parts and Accessories for Pianos in Hong Kong SAR
Imports of musical instruments; parts and accessories for pianoses into Hong Kong SAR fell rapidly to 4.5 tons in 2022, with a decrease of -73.1% against the year before. Over the period under review, imports faced a precipitous contraction. The growth pace was the most rapid in 2021 with an increase of 95%.
In value terms, imports of musical instruments; parts and accessories for pianoses shrank significantly to $193K in 2022. Overall, imports showed a significant decline. The most prominent rate of growth was recorded in 2021 when imports increased by 91% against the previous year. As a result, imports attained the peak of $622K, and then fell remarkably in the following year.
| Import of Musical Instruments; Parts and Accessories for Pianos in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 112 | 72.5 | 145 | 82.5 | -9.7% |
| Japan | 72.3 | 69.3 | 400 | 67.5 | -2.3% |
| China | 131 | 60.4 | 35.8 | 23.0 | -44.0% |
| Germany | 80.7 | 112 | 25.4 | 12.9 | -45.7% |
| Taiwan (Chinese) | N/A | N/A | 8.4 | 7.1 | -15.5% |
| Others | 25.8 | 10.7 | 8.3 | N/A | -43.3% |
| Total | 421 | 325 | 622 | 193 | -22.9% |
Top Suppliers of Musical Instruments; Parts and Accessories for Pianos to Hong Kong SAR in 2022:
- Japan (2292.0 kg)
- China (1087.0 kg)
- United States (736.0 kg)
- Germany (210.0 kg)
- Taiwan (Chinese) (139.0 kg)
420
Global Metronome Market Report 2018. This report provides an in-depth analysis of the global metronome market.
420
Global Metronome Market Report 2018. This report provides an in-depth analysis of the global metronome market.
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