Price for Musical Instruments; Wind, Brass (Eg Trumpets) in the United States - 2023
Contents:
- Price for Musical Instruments; Wind, Brass (Eg Trumpets) in the United States (CIF) - 2023
- Price for Musical Instruments; Wind, Brass (Eg Trumpets) in the United States (FOB) - 2023
- Imports of Musical Instruments; Wind, Brass (Eg Trumpets) in the United States
- Exports of Musical Instruments; Wind, Brass (Eg Trumpets) in the United States
Price for Musical Instruments; Wind, Brass (Eg Trumpets) in the United States (CIF) - 2023
The average import price for musical instruments; wind, brass (eg trumpets) stood at $405 per unit in December 2023, reducing by -12.4% against the previous month. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in February 2023 an increase of 70% m-o-m. As a result, import price reached the peak level of $684 per unit. From March 2023 to December 2023, the average import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Japan ($1,835 per unit), while the price for Germany ($216 per unit) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Japan (+1.5%), while the prices for the other major suppliers experienced a decline.
Price for Musical Instruments; Wind, Brass (Eg Trumpets) in the United States (FOB) - 2023
In December 2023, the average export price for musical instruments; wind, brass (eg trumpets) amounted to $1,159 per unit, with a decrease of -6.8% against the previous month. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in October 2023 when the average export price increased by 29% against the previous month. As a result, the export price reached the peak level of $1,297 per unit; afterwards, it flattened through to December 2023.
Prices varied noticeably by the country of destination: the country with the highest price was Hong Kong SAR ($5,690 per unit), while the average price for exports to the UK ($528 per unit) 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 Hong Kong SAR (+12.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Musical Instruments; Wind, Brass (Eg Trumpets) in the United States
In 2022, imports of musical instruments; wind, brass (eg trumpets) into the United States soared to 549K units, with an increase of 177% compared with the previous year's figure. Over the period under review, imports recorded significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of musical instruments; wind, brass (eg trumpets) soared to $90M in 2022. In general, imports posted a modest increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Musical Instruments; Wind, Brass (Eg Trumpets) in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 35.9 | 24.9 | 20.1 | 41.4 | 4.9% |
| Japan | 30.9 | 13.1 | 11.5 | 22.3 | -10.3% |
| Taiwan (Chinese) | 10.8 | 5.4 | 8.1 | 14.7 | 10.8% |
| Others | 9.1 | 7.4 | 9.5 | 11.6 | 8.4% |
| Total | 86.7 | 50.8 | 49.1 | 90.1 | 1.3% |
Top Suppliers of Musical Instruments; Wind, Brass (Eg Trumpets) to the United States in 2022:
- China (482.4K units)
- Taiwan (Chinese) (39.1K units)
- Japan (12.9K units)
Exports of Musical Instruments; Wind, Brass (Eg Trumpets) in the United States
For the third consecutive year, the United States recorded decline in overseas shipments of musical instruments; wind, brass (eg trumpets), which decreased by -4% to 13K units in 2022. Over the period under review, exports faced a abrupt contraction. Over the period under review, the exports of hit record highs at 23K units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, exports of musical instruments; wind, brass (eg trumpets) shrank to $15M in 2022. Overall, exports saw a deep setback. The most prominent rate of growth was recorded in 2021 with an increase of 3.2%. Over the period under review, the exports of hit record highs at $24M in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
| Export of Musical Instruments; Wind, Brass (Eg Trumpets) in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 8.7 | 5.9 | 5.9 | 5.1 | -16.3% |
| Germany | 3.8 | 2.2 | 2.9 | 2.2 | -16.7% |
| United Kingdom | 0.9 | 1.5 | 0.9 | 1.3 | 13.0% |
| Canada | 1.8 | 1.0 | 0.8 | 1.1 | -15.1% |
| South Korea | 0.8 | 0.8 | 0.9 | 0.8 | 0.0% |
| China | 1.1 | 0.6 | 1.1 | 0.6 | -18.3% |
| Taiwan (Chinese) | 0.9 | 0.4 | 0.6 | 0.5 | -17.8% |
| Italy | 0.3 | 0.1 | 0.1 | 0.4 | 10.1% |
| Spain | 0.8 | 0.5 | 0.3 | 0.4 | -20.6% |
| Kazakhstan | N/A | N/A | N/A | 0.4 | 0% |
| France | 0.2 | 0.1 | 0.3 | 0.3 | 14.5% |
| Hong Kong SAR | 0.5 | 0.2 | 0.2 | 0.3 | -15.7% |
| Australia | 0.5 | 0.2 | 0.5 | 0.2 | -26.3% |
| Others | 3.3 | 2.3 | 1.6 | 1.5 | -23.1% |
| Total | 23.7 | 15.7 | 16.2 | 15.3 | -13.6% |
Top Export Markets for Musical Instruments; Wind, Brass (Eg Trumpets) from the United States in 2022:
- Canada (3480.0 units)
- Japan (3407.0 units)
- Germany (1471.0 units)
- United Kingdom (854.0 units)
- South Korea (650.0 units)
- China (519.0 units)
- Taiwan (Chinese) (425.0 units)
- Kazakhstan (411.0 units)
- Hong Kong SAR (219.0 units)
- Italy (217.0 units)
- France (217.0 units)
- Spain (210.0 units)
- Australia (188.0 units)
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