Price for Musical Instruments; Parts and Accessories for Pianos in South Korea - 2022
Contents:
- Price for Musical Instruments; Parts and Accessories for Pianos in South Korea (FOB) - 2022
- Price for Musical Instruments; Parts and Accessories for Pianos in South Korea (CIF) - 2022
- Exports of Musical Instruments; Parts and Accessories for Pianos in South Korea
- Imports of Musical Instruments; Parts and Accessories for Pianos in South Korea
Price for Musical Instruments; Parts and Accessories for Pianos in South Korea (FOB) - 2022
The average export price for musical instruments; parts and accessories for pianoses stood at $9,018 per ton in December 2022, falling by -53.8% against the previous month. In general, the export price recorded a abrupt setback. The growth pace was the most rapid in August 2022 when the average export price increased by 499% m-o-m. As a result, the export price attained the peak level of $155K per ton. From September 2022 to December 2022, the the average export prices remained at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Indonesia.
From December 2021 to December 2022, the rate of growth in terms of prices for Indonesia amounted to -5.6% per month.
Price for Musical Instruments; Parts and Accessories for Pianos in South Korea (CIF) - 2022
In 2022, the average import price for musical instruments; parts and accessories for pianoses amounted to $27,633 per ton, surging by 34% against the previous year. Overall, the import price showed a resilient increase. The most prominent rate of growth was recorded in 2021 when the average import price increased by 42%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in years to come.
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 Germany ($187,505 per ton), while the price for Indonesia ($8,163 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+8.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Musical Instruments; Parts and Accessories for Pianos in South Korea
Exports of musical instruments; parts and accessories for pianoses from South Korea reduced to 86 tons in 2022, waning by -9.5% on the previous year's figure. In general, exports continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2021 with an increase of 50% against the previous year.
In value terms, exports of musical instruments; parts and accessories for pianoses shrank to $2.1M in 2022. Overall, exports continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2021 with an increase of 72%.
| Export of Musical Instruments; Parts and Accessories for Pianos in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 2.7 | 1.3 | 2.3 | 2.0 | -9.5% |
| Others | 0.3 | 0.2 | 0.2 | 0.2 | -12.6% |
| Total | 3.0 | 1.5 | 2.5 | 2.1 | -11.2% |
Top Export Markets for Musical Instruments; Parts and Accessories for Pianos from South Korea in 2022:
- Indonesia (85.2 tons)
Imports of Musical Instruments; Parts and Accessories for Pianos in South Korea
Imports of musical instruments; parts and accessories for pianoses into South Korea fell remarkably to 14 tons in 2022, with a decrease of -15.7% on 2021 figures. Over the period under review, imports continue to indicate a dramatic decrease.
In value terms, imports of musical instruments; parts and accessories for pianoses expanded sharply to $399K in 2022. Overall, imports saw a relatively flat trend pattern.
| Import of Musical Instruments; Parts and Accessories for Pianos in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 128 | 104 | 144 | 165 | 8.8% |
| China | 149 | 148 | 119 | 141 | -1.8% |
| Japan | 52.4 | 58.3 | 70.5 | 78.3 | 14.3% |
| Indonesia | 24.1 | 16.9 | 7.8 | 5.2 | -40.0% |
| Others | 54.7 | 37.1 | 10.6 | 10.1 | -43.1% |
| Total | 408 | 364 | 352 | 399 | -0.7% |
Top Suppliers of Musical Instruments; Parts and Accessories for Pianos to South Korea in 2022:
- China (11.2 tons)
- Japan (1.6 tons)
- Germany (0.9 tons)
- Indonesia (0.6 tons)
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