Price for Musical Instruments; Parts and Accessories for Pianos in Latvia - 2023
Contents:
- Price for Musical Instruments; Parts and Accessories for Pianos in Latvia (CIF) - 2022
- Price for Musical Instruments; Parts and Accessories for Pianos in Latvia (FOB) - 2022
- Imports of Musical Instruments; Parts and Accessories for Pianos in Latvia
- Exports of Musical Instruments; Parts and Accessories for Pianos in Latvia
Price for Musical Instruments; Parts and Accessories for Pianos in Latvia (CIF) - 2022
In 2022, the average import price for musical instruments; parts and accessories for pianoses amounted to $32,256 per ton, rising by 23% against the previous year. In general, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 an increase of 140% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($66,143 per ton), while the price for the Netherlands ($7,590 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+17.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Musical Instruments; Parts and Accessories for Pianos in Latvia (FOB) - 2022
The average export price for musical instruments; parts and accessories for pianoses stood at $156,000 per ton in 2022, flattening at the previous year. Over the period under review, the export price enjoyed a buoyant increase. The growth pace was the most rapid in 2014 when the average export price increased by 87%. Over the period under review, the average export prices attained the peak figure at $623,000 per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Lithuania ($420,000 per ton), while the average price for exports to the Netherlands ($1,000 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 Germany (-28.7%).
Imports of Musical Instruments; Parts and Accessories for Pianos in Latvia
In 2022, approx. 632 kg of musical instruments; parts and accessories for pianoses were imported into Latvia; with an increase of 72% compared with 2021. In general, total imports indicated significant growth from 2019 to 2022: its volume increased at an average annual rate of +20.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +74.6% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of musical instruments; parts and accessories for pianoses soared to $20K in 2022. Overall, imports continue to indicate 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 Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 0.1 | 0.3 | N/A | 17.1 | 455.0% |
| Netherlands | N/A | N/A | 0.1 | 1.9 | 1800.0% |
| Germany | 1.8 | 4.3 | 5.4 | 1.3 | -10.3% |
| China | 2.3 | 1.3 | N/A | N/A | -43.5% |
| Slovenia | N/A | N/A | 3.7 | N/A | 0% |
| Finland | N/A | 0.8 | N/A | N/A | 0% |
| Others | 0.5 | 0.3 | 0.4 | 0.2 | -26.3% |
| Total | 4.6 | 7.1 | 9.7 | 20.4 | 64.3% |
Top Suppliers of Musical Instruments; Parts and Accessories for Pianos to Latvia in 2022:
- United Kingdom (258.0 kg)
- Netherlands (249.0 kg)
- Germany (117.0 kg)
Exports of Musical Instruments; Parts and Accessories for Pianos in Latvia
In 2022, exports of musical instruments; parts and accessories for pianoses from Latvia amounted to 4 kg, leveling off at 2021 figures. In general, exports saw a significant expansion. The smallest decline of 99.9% was in 2021. Over the period under review, the exports of attained the peak figure in 2022 and are expected to retain growth in the immediate term.
In value terms, exports of musical instruments; parts and accessories for pianoses amounted to $624 in 2022. Over the period under review, exports faced a sharp descent. The smallest decline of 99.9% was in 2021.
| Export of Musical Instruments; Parts and Accessories for Pianos in Latvia (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| Lithuania | 969 | N/A | 420 | -34.2% | |
| Norway | N/A | N/A | 172 | 0% | |
| Thailand | N/A | N/A | 31.0 | 0% | |
| Netherlands | N/A | N/A | 1.0 | 0% | |
| Denmark | 277 | N/A | N/A | 0% | |
| Others | N/A | N/A | N/A | 0% | |
| Total | 1,246 | N/A | 624 | -29.2% | |
Top Export Markets for Musical Instruments; Parts and Accessories for Pianos from Latvia in 2022:
- Norway (1.0 kg)
- Netherlands (1.0 kg)
- Lithuania (1.0 kg)
- Thailand (1.0 kg)
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