Price for Musical Instruments; Wind, Brass (Eg Trumpets) in Sri Lanka - 2022

Contents:

1. Price for Musical Instruments; Wind, Brass (Eg Trumpets) in Sri Lanka (CIF) - 2022
2. Price for Musical Instruments; Wind, Brass (Eg Trumpets) in Sri Lanka (FOB) - 2022
3. Imports of Musical Instruments; Wind, Brass (Eg Trumpets) in Sri Lanka
4. Exports of Musical Instruments; Wind, Brass (Eg Trumpets) in Sri Lanka

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

The average import price for musical instruments; wind, brass (eg trumpets) stood at $44 per unit in 2022, dropping by -53.1% against the previous year. In general, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the average import price increased by 90% against the previous year. The import price peaked at $189 per unit in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

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 UK ($266 per unit), while the price for China stood at $34 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+18.1%), while the prices for the other major suppliers experienced mixed trend patterns.

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

The average export price for musical instruments; wind, brass (eg trumpets) stood at $20 per unit in 2022, dropping by -90.3% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the average export price increased by 1,790% against the previous year. The export price peaked at $1,598 per unit in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($21 per unit), while the average price for exports to Canada stood at $10 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+70.6%).

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

In 2022, supplies from abroad of musical instruments; wind, brass (eg trumpets) was finally on the rise to reach 369 units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, continue to indicate a sharp setback. Over the period under review, imports of attained the maximum at 1.2K units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, imports of musical instruments; wind, brass (eg trumpets) declined rapidly to $16K in 2022. Overall, imports, however, continue to indicate a precipitous shrinkage. Over the period under review, imports of hit record highs at $93K in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Top Suppliers of Musical Instruments; Wind, Brass (Eg Trumpets) to Sri Lanka in 2022:

1. China (366.0 units)
2. United Kingdom (1.0 units)

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

In 2022, approx. 14 units of musical instruments; wind, brass (eg trumpets) were exported from Sri Lanka; rising by 1,300% against 2021. Overall, exports saw a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of musical instruments; wind, brass (eg trumpets) surged to $279 in 2022. In general, exports, however, saw a precipitous setback. Over the period under review, the exports of reached the maximum at $3.2K in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

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

1. Japan (13.0 units)
2. Canada (1.0 units)

Source: IndexBox Market Intelligence Platform