Price for Musical Instruments; Parts and Accessories for Pianos in the UK - 2023
Contents:
- Price for Musical Instruments; Parts and Accessories for Pianos in the UK (CIF) - 2023
- Price for Musical Instruments; Parts and Accessories for Pianos in the UK (FOB) - 2023
- Imports of Musical Instruments; Parts and Accessories for Pianos in the UK
- Exports of Musical Instruments; Parts and Accessories for Pianos in the UK
Price for Musical Instruments; Parts and Accessories for Pianos in the UK (CIF) - 2023
The average import price for musical instruments; parts and accessories for pianoses stood at $87,157 per ton in December 2023, increasing by 102% against the previous month. In general, the import price recorded a pronounced expansion. The import price peaked at $120K per ton in March 2023; however, from April 2023 to December 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was Germany ($513K per ton), while the price for China ($12,556 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Germany (+16.1%), while the prices for the other major suppliers experienced a decline.
Price for Musical Instruments; Parts and Accessories for Pianos in the UK (FOB) - 2023
The average export price for musical instruments; parts and accessories for pianoses stood at $43,951 per ton in December 2023, dropping by -15.3% against the previous month. Over the period under review, the export price recorded a deep contraction. The pace of growth appeared the most rapid in May 2023 an increase of 154% month-to-month. The export price peaked at $180K per ton in January 2023; however, from February 2023 to December 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was the United States ($106K per ton), while the average price for exports to the Netherlands ($33,459 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to France (+27.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Musical Instruments; Parts and Accessories for Pianos in the UK
In 2022, purchases abroad of musical instruments; parts and accessories for pianoses was finally on the rise to reach 38 tons after two years of decline. Over the period under review, imports, however, continue to indicate a deep setback.
In value terms, imports of musical instruments; parts and accessories for pianoses surged to $1M in 2022. The total import value increased at an average annual rate of +5.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Musical Instruments; Parts and Accessories for Pianos in the UK (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 329 | 329 | 184 | 362 | 3.2% |
| China | 153 | 177 | 147 | 234 | 15.2% |
| United States | 75.8 | 132 | 173 | 210 | 40.4% |
| Italy | 50.0 | 29.7 | 12.8 | 57.6 | 4.8% |
| Belgium | 7.1 | 2.1 | 0.1 | 16.8 | 33.3% |
| Japan | 17.6 | 3.9 | 149 | 12.4 | -11.0% |
| Ireland | 2.0 | 0.1 | 0.2 | 7.2 | 53.3% |
| Spain | 51.4 | 39.5 | 1.8 | 6.7 | -49.3% |
| France | 80.0 | 30.6 | 15.5 | 5.8 | -58.3% |
| Poland | 28.1 | 14.6 | 1.4 | 3.1 | -52.0% |
| Others | 73.7 | 30.1 | 51.0 | 108 | 13.6% |
| Total | 869 | 789 | 736 | 1,023 | 5.6% |
Top Suppliers of Musical Instruments; Parts and Accessories for Pianos to the UK in 2022:
- China (21.5 tons)
- Germany (4.5 tons)
- Italy (3.9 tons)
- United States (2.5 tons)
- Belgium (1.1 tons)
- Ireland (1.0 tons)
- Japan (0.8 tons)
- France (0.4 tons)
- Spain (0.2 tons)
- Poland (0.1 tons)
Exports of Musical Instruments; Parts and Accessories for Pianos in the UK
For the third consecutive year, the UK recorded decline in overseas shipments of musical instruments; parts and accessories for pianoses, which decreased by -29.2% to 7.5 tons in 2022. Overall, exports showed a sharp downturn. The smallest decline of -28.8% was in 2021.
In value terms, exports of musical instruments; parts and accessories for pianoses expanded markedly to $851K in 2022. In general, exports faced a abrupt downturn. The pace of growth was the most pronounced in 2021 when exports increased by 88%.
| Export of Musical Instruments; Parts and Accessories for Pianos in the UK (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 246 | 125 | 216 | 224 | -3.1% |
| China | 22.5 | 21.6 | 203 | 218 | 113.2% |
| Germany | 109 | 53.6 | 57.9 | 112 | 0.9% |
| Indonesia | 585 | 33.2 | 30.4 | 82.9 | -47.9% |
| Japan | 144 | 9.9 | 5.7 | 50.8 | -29.3% |
| Hong Kong SAR | 19.8 | 8.1 | 4.2 | 25.6 | 8.9% |
| Poland | 22.1 | 3.8 | 48.0 | 15.5 | -11.2% |
| Netherlands | 4.1 | 4.0 | 9.5 | 12.7 | 45.8% |
| New Zealand | 5.3 | N/A | N/A | 12.5 | 33.1% |
| Italy | 83.2 | 22.2 | 11.7 | 7.1 | -56.0% |
| Ireland | 20.4 | 7.3 | 21.3 | 4.4 | -40.0% |
| France | 129 | 35.0 | 2.6 | 3.4 | -70.2% |
| Spain | 45.8 | 19.7 | 4.9 | 2.4 | -62.6% |
| Others | 117 | 62.3 | 147 | 79.8 | -12.0% |
| Total | 1,553 | 406 | 762 | 851 | -18.2% |
Top Export Markets for Musical Instruments; Parts and Accessories for Pianos from the UK in 2022:
- China (1215.0 kg)
- United States (1016.0 kg)
- Indonesia (974.0 kg)
- Netherlands (808.0 kg)
- Poland (715.0 kg)
- Germany (621.0 kg)
- Japan (499.0 kg)
- New Zealand (456.0 kg)
- Hong Kong SAR (361.0 kg)
- Italy (127.0 kg)
- Spain (75.0 kg)
- Ireland (39.0 kg)
- France (33.0 kg)
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