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

Contents:

1. Price for Musical Instruments; Parts and Accessories for Pianos in Mexico (CIF) - 2022
2. Price for Musical Instruments; Parts and Accessories for Pianos in Mexico (FOB) - 2022
3. Imports of Musical Instruments; Parts and Accessories for Pianos in Mexico
4. Exports of Musical Instruments; Parts and Accessories for Pianos in Mexico

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

The average import price for musical instruments; parts and accessories for pianoses stood at $12,958 per ton in 2022, picking up by 50% against the previous year. Over the period under review, the import price, however, showed a noticeable setback. The import price peaked at $20,589 per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($17,733 per ton), while the price for China totaled $6,728 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+0.5%), while the prices for the other major suppliers experienced a decline.

Price for Musical Instruments; Parts and Accessories for Pianos in Mexico (FOB) - 2022

In 2022, the average export price for musical instruments; parts and accessories for pianoses amounted to $97,319 per ton, jumping by 73% against the previous year. Overall, the export price posted a noticeable increase. The most prominent rate of growth was recorded in 2019 an increase of 897%. Over the period under review, the average export prices reached the peak figure at $103,692 per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Spain ($512,667 per ton), while the average price for exports to Ecuador ($74,000 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 Spain (+139.6%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, supplies from abroad of musical instruments; parts and accessories for pianoses decreased by -44% to 7.4 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, continue to indicate significant growth. The pace of growth was the most pronounced in 2021 when imports increased by 218% against the previous year. As a result, imports reached the peak of 13 tons, and then reduced markedly in the following year.

In value terms, imports of musical instruments; parts and accessories for pianoses reduced dramatically to $96K in 2022. Overall, imports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 92% against the previous year. As a result, imports reached the peak of $114K, and then fell notably in the following year.

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

1. United States (4.2 tons)
2. China (3.2 tons)

Exports of Musical Instruments; Parts and Accessories for Pianos in Mexico

In 2022, the amount of musical instruments; parts and accessories for pianoses exported from Mexico reduced rapidly to 116 kg, waning by -17.1% compared with 2021 figures. In general, exports continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2021 with an increase of 977% against the previous year.

In value terms, exports of musical instruments; parts and accessories for pianoses soared to $11K in 2022. Over the period under review, exports, however, enjoyed a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 485% against the previous year. Over the period under review, the exports of attained the maximum in 2022 and are expected to retain growth in the immediate term.

Top Export Markets for Musical Instruments; Parts and Accessories for Pianos from Mexico in 2022:

1. United States (104.0 kg)
2. France (3.0 kg)
3. Norway (3.0 kg)
4. Spain (3.0 kg)

Source: IndexBox Market Intelligence Platform