Price for Musical Instruments; Wind, Brass (Eg Trumpets) in India - 2023

Price for Musical Instruments; Wind, Brass (Eg Trumpets) in India (FOB) - 2022

In 2022, the average export price for musical instruments; wind, brass (eg trumpets) amounted to $4.6 per unit, falling by -35% against the previous year. In general, the export price showed a noticeable decline. The pace of growth was the most pronounced in 2019 when the average export price increased by 40%. Over the period under review, the average export prices attained the peak figure at $9.5 per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($18 per unit), while the average price for exports to Germany ($1.7 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Estonia (+29.3%), while the prices for the other major destinations experienced a decline.

Price for Musical Instruments; Wind, Brass (Eg Trumpets) in India (CIF) - 2022

In 2022, the average import price for musical instruments; wind, brass (eg trumpets) amounted to $37 per unit, surging by 161% against the previous year. In general, the import price enjoyed a tangible increase. The import price peaked at $148 per unit in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for Vietnam amounted to +33.8% per year.

Exports of Musical Instruments; Wind, Brass (Eg Trumpets) in India

In 2022, shipments abroad of musical instruments; wind, brass (eg trumpets) was finally on the rise to reach 14K units for the first time since 2019, thus ending a two-year declining trend. Overall, exports posted significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of musical instruments; wind, brass (eg trumpets) soared to $66K in 2022. In general, exports posted a buoyant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Export of Musical Instruments; Wind, Brass (Eg Trumpets) in India (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	18.5	13.9	N/A	29.6	17.0%
Netherlands	N/A	N/A	N/A	9.5	0%
Germany	7.5	12.2	4.1	8.4	3.8%
Estonia	5.0	5.5	4.8	7.2	12.9%
Denmark	N/A	N/A	N/A	4.5	0%
Bangladesh	N/A	N/A	N/A	2.6	0%
Bhutan	N/A	N/A	N/A	1.1	0%
Lebanon	11.5	N/A	N/A	N/A	0%
Australia	1.8	0.1	N/A	N/A	-94.4%
Others	4.0	11.7	20.0	2.9	-10.2%
Total	48.2	43.3	28.9	65.7	10.9%

Top Export Markets for Musical Instruments; Wind, Brass (Eg Trumpets) from India in 2022:

United States (5.0K units)
Germany (4.9K units)
Denmark (1.7K units)
Estonia (1.1K units)
Netherlands (0.5K units)
Bangladesh (0.4K units)
Bhutan (0.2K units)

Imports of Musical Instruments; Wind, Brass (Eg Trumpets) in India

In 2022, the amount of musical instruments; wind, brass (eg trumpets) imported into India declined dramatically to 1.6K units, shrinking by -35.1% on the previous year. Over the period under review, imports continue to indicate a deep contraction. The pace of growth was the most pronounced in 2021 with an increase of 86%. As a result, imports attained the peak of 2.5K units, and then contracted remarkably in the following year.

In value terms, imports of musical instruments; wind, brass (eg trumpets) soared to $61K in 2022. Overall, imports, however, posted a resilient increase. The most prominent rate of growth was recorded in 2021 when imports increased by 109% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are likely to continue growth in years to come.