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

Contents:

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

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

The average import price for musical instruments; parts and accessories for pianoses stood at $6,360 per ton in 2022, which is down by -26.9% against the previous year. Over the period under review, import price indicated a modest increase from 2012 to 2022: its price increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 when the average import price increased by 73%. As a result, import price reached the peak level of $10,583 per ton. From 2019 to 2022, the average import prices failed to regain momentum.

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 Arab Emirates ($10,900 per ton), while the price for China amounted to $6,118 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+63.0%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average export price for musical instruments; parts and accessories for pianoses stood at $9,640 per ton in 2021, increasing by 11% against the previous year. Over the period under review, the export price, however, saw a perceptible descent. The pace of growth appeared the most rapid in 2019 an increase of 73% against the previous year. Over the period under review, the average export prices hit record highs at $15,167 per ton in 2015; however, from 2016 to 2021, 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 Qatar ($12,211 per ton), while the average price for exports to Kenya stood at $1,500 per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Qatar (-0.0%).

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

In 2022, overseas purchases of musical instruments; parts and accessories for pianoses decreased by -46.3% to 197 kg, falling for the second year in a row after two years of growth. Over the period under review, imports saw a abrupt shrinkage. The pace of growth was the most pronounced in 2020 when imports increased by 89% against the previous year. As a result, imports reached the peak of 573 kg. 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 fell notably to $1.3K in 2022. In general, imports recorded a deep downturn. The most prominent rate of growth was recorded in 2020 when imports increased by 95% against the previous year. As a result, imports reached the peak of $4.7K. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

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

1. China (187.0 kg)
2. United Arab Emirates (10.0 kg)

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

In 2022, overseas shipments of musical instruments; parts and accessories for pianoses decreased by 99.9% to less than 0.1 kg, falling for the second consecutive year after two years of growth. Over the period under review, exports recorded a dramatic decline. The pace of growth appeared the most rapid in 2020 when exports increased by 39% against the previous year. As a result, the exports attained the peak of 524 kg. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of musical instruments; parts and accessories for pianoses fell sharply to $109 in 2022. Overall, exports saw a sharp setback. The pace of growth was the most pronounced in 2020 when exports increased by 65%. As a result, the exports reached the peak of $4.5K. From 2021 to 2022, the growth of the exports of failed to regain momentum.

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

1. Qatar (19.0 kg)
2. Kenya (6.0 kg)

Source: IndexBox Market Intelligence Platform