Price for Musical Instruments; Parts and Accessories for Pianos in Turkey - 2024

Contents:

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

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

The average import price for musical instruments; parts and accessories for pianoses stood at $48,472 per ton in 2022, picking up by 71% against the previous year. Overall, the import price enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2018 an increase of 231%. As a result, import price attained the peak level of $57,451 per ton. From 2019 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($147,922 per ton), while the price for Indonesia ($26,727 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+12.6%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average export price for musical instruments; parts and accessories for pianoses amounted to $12,560 per ton, with a decrease of -69.5% against the previous year. Over the period under review, the export price continues to indicate a deep downturn. The most prominent rate of growth was recorded in 2020 when the average export price increased by 322% against the previous year. As a result, the export price reached the peak level of $106,500 per ton. From 2021 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($99,000 per ton), while the average price for exports to Algeria ($7,391 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 Libya (+81.3%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, after three years of growth, there was significant decline in purchases abroad of musical instruments; parts and accessories for pianoses, when their volume decreased by -56.4% to 775 kg. Over the period under review, imports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 466% against the previous year.

In value terms, imports of musical instruments; parts and accessories for pianoses declined rapidly to $38K in 2022. Overall, imports, however, posted significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 408% against the previous year.

Import of Musical Instruments; Parts and Accessories for Pianos in Turkey (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China1.28.931.219.8154.6%
Germany0.39.314.413.3253.9%
Czech RepublicN/AN/AN/A2.70%
Taiwan (Chinese)1.1N/A0.80.3-35.2%
Indonesia1.00.51.60.3-33.1%
Others0.20.32.61.281.7%
Total3.718.950.537.6116.6%

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

  1. China (570.0 kg)
  2. Germany (90.0 kg)
  3. Czech Republic (74.0 kg)
  4. Indonesia (11.0 kg)
  5. Taiwan (Chinese) (8.0 kg)

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

In 2022, approx. 25 kg of musical instruments; parts and accessories for pianoses were exported from Turkey; reducing by -79.2% compared with the year before. Overall, exports showed a dramatic slump. The most prominent rate of growth was recorded in 2021 with an increase of 1,400%.

In value terms, exports of musical instruments; parts and accessories for pianoses contracted markedly to $314 in 2022. In general, exports recorded a significant decline. The pace of growth was the most pronounced in 2021 with an increase of 481%.

Export of Musical Instruments; Parts and Accessories for Pianos in Turkey (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
AlgeriaN/AN/AN/A0.20%
United Arab EmiratesN/AN/AN/A0.10%
Turkmenistan0.3N/A4.0N/A265.1%
Cyprus6.5N/AN/AN/A0%
CongoN/AN/AN/AN/A0%
Libya0.70.10.9N/A13.4%
OthersN/A0.80.1N/A-87.5%
Total7.50.94.90.3-65.8%

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

  1. Algeria (23.0 kg)
  2. United Arab Emirates (1.0 kg)
  3. Congo (1.0 kg)

Source: IndexBox Market Intelligence Platform

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