Price for Non-Keyboard Electrical Musical Instruments in Brazil - 2023

Contents:

1. Price for Non-Keyboard Electrical Musical Instruments in Brazil (CIF) - 2023
2. Price for Non-Keyboard Electrical Musical Instruments in Brazil (FOB) - 2022
3. Imports of Non-Keyboard Electrical Musical Instruments in Brazil
4. Exports of Non-Keyboard Electrical Musical Instruments in Brazil

Price for Non-Keyboard Electrical Musical Instruments in Brazil (CIF) - 2023

In October 2023, the average non-keyboard electrical musical instruments import price amounted to $75.2 per unit, which is down by -9.8% against the previous month. In general, the import price showed a mild decrease. The pace of growth was the most pronounced in November 2022 when the average import price increased by 50% month-to-month. As a result, import price attained the peak level of $138 per unit. From December 2022 to October 2023, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Indonesia ($214 per unit), while the price for China totaled $54.4 per unit.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by China (-1.5%).

Price for Non-Keyboard Electrical Musical Instruments in Brazil (FOB) - 2022

The average non-keyboard electrical musical instruments export price stood at $454 per unit in 2022, increasing by 13% against the previous year. Overall, export price indicated a buoyant increase from 2012 to 2022: its price increased at an average annual rate of +8.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, non-keyboard electrical musical instruments export price increased by +53.9% against 2017 indices. The most prominent rate of growth was recorded in 2015 when the average export price increased by 46% against the previous year. The export price peaked in 2022 and is likely to see steady growth in the near future.

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 China ($1,235 per unit), while the average price for exports to Panama ($145 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 China (+17.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Keyboard Electrical Musical Instruments in Brazil

In 2022, approx. 132K units of non-keyboard electrical musical instrumentses were imported into Brazil; increasing by 9.9% compared with 2021. In general, imports continue to indicate a strong increase. The pace of growth was the most pronounced in 2021 with an increase of 63% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, non-keyboard electrical musical instruments imports soared to $13M in 2022. Overall, imports recorded significant growth. The pace of growth was the most pronounced in 2021 when imports increased by 62% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Top Suppliers of Non-Keyboard Electrical Musical Instruments to Brazil in 2022:

1. China (115.2K units)
2. Indonesia (11.0K units)

Exports of Non-Keyboard Electrical Musical Instruments in Brazil

Non-keyboard electrical musical instruments exports from Brazil soared to 442 units in 2022, jumping by 48% compared with the previous year. In general, exports saw a notable expansion. The growth pace was the most rapid in 2021 when exports increased by 157%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, non-keyboard electrical musical instruments exports skyrocketed to $201K in 2022. Over the period under review, exports continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2021 with an increase of 133% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

Top Export Markets for Non-Keyboard Electrical Musical Instruments from Brazil in 2022:

1. United States (334.0 units)
2. Japan (41.0 units)
3. Hong Kong SAR (36.0 units)
4. El Salvador (10.0 units)
5. China (2.0 units)

Source: IndexBox Market Intelligence Platform