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

Contents:

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

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

In 2022, the average import price for musical instruments; parts and accessories for pianoses amounted to $4,875 per ton, increasing by 3.6% against the previous year. Over the period under review, the import price, however, recorded a slight curtailment. The pace of growth was the most pronounced in 2017 an increase of 168%. As a result, import price reached the peak level of $10,323 per ton. From 2018 to 2022, the average import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($5,610 per ton), while the price for India amounted to $4,103 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+13.0%), while the prices for the other major suppliers experienced a decline.

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

In 2022, the average export price for musical instruments; parts and accessories for pianoses amounted to $44,333 per ton, standing approx. at the previous year. Over the period under review, the export price enjoyed a significant expansion. The growth pace was the most rapid in 2019 an increase of 53%. Over the period under review, the average export prices reached the maximum in 2022 and is likely to see steady growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Ireland.

From 2016 to 2022, the rate of growth in terms of prices for Canada amounted to 0.0% per year.

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

Imports of musical instruments; parts and accessories for pianoses into Nepal plummeted to 80 kg in 2022, which is down by -77.5% against 2021 figures. In general, imports showed a significant decrease. The pace of growth was the most pronounced in 2021 when imports increased by 140%. As a result, imports attained the peak of 355 kg, and then dropped significantly in the following year.

In value terms, imports of musical instruments; parts and accessories for pianoses shrank sharply to $390 in 2022. Overall, imports showed a sharp slump. The most prominent rate of growth was recorded in 2021 when imports increased by 259%. As a result, imports reached the peak of $1.7K, and then contracted remarkably in the following year.

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

1. China (41.0 kg)
2. India (39.0 kg)

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

After two years of decline, shipments abroad of musical instruments; parts and accessories for pianoses decreased by 0% to 6 kg in 2022. Overall, exports recorded a sharp reduction. The smallest decline of 99.9% was in 2020.

In value terms, exports of musical instruments; parts and accessories for pianoses totaled $266 in 2022. In general, exports continue to indicate a pronounced setback. The smallest decline of 99.9% was in 2020.

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

1. Ireland (6.0 kg)

Source: IndexBox Market Intelligence Platform