Price for Non-Keyboard Electrical Musical Instruments in Indonesia - 2022

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

The average non-keyboard electrical musical instruments export price stood at $648 per unit in March 2022, leveling off at the previous month. Over the period under review, the export price, however, saw resilient growth. The pace of growth appeared the most rapid in February 2022 when the average export price increased by 254% m-o-m. As a result, the export price attained the peak level of $648 per unit, leveling off in the following month.

Average prices varied noticeably for the major foreign markets. In March 2022, the highest price was recorded for prices to the United States ($648 per unit) and China ($648 per unit), while the average price for exports to the UK ($648 per unit) and Australia ($648 per unit) were amongst the lowest.

From March 2021 to March 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+16.7%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Non-Keyboard Electrical Musical Instruments in Indonesia (CIF) - 2022

In 2022, the average non-keyboard electrical musical instruments import price amounted to $429 per unit, growing by 4.3% against the previous year. Overall, the import price saw a strong expansion. The growth pace was the most rapid in 2014 an increase of 79%. The import price peaked in 2022 and is likely to see gradual growth in the near future.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Australia ($430 per unit) and Japan ($430 per unit), while the price for Malaysia ($429 per unit) and Spain ($429 per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+11.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Non-Keyboard Electrical Musical Instruments in Indonesia

For the fourth consecutive year, Indonesia recorded growth in overseas shipments of non-keyboard electrical musical instrumentses, which increased by 35% to 421K units in 2022. In general, total exports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +21.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +80.1% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, non-keyboard electrical musical instruments exports stood at $208M in 2022. Overall, total exports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +18.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +65.8% against 2019 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 40%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the near future.

Export of Non-Keyboard Electrical Musical Instruments in Indonesia (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	56.8	64.7	96.2	93.5	18.1%
Germany	9.7	13.0	18.8	21.4	30.2%
Netherlands	14.1	17.2	23.5	17.8	8.1%
Japan	6.1	8.9	9.2	11.5	23.5%
United Kingdom	5.7	6.0	7.7	8.2	12.9%
China	4.6	3.8	5.2	8.1	20.8%
South Korea	2.5	3.2	3.7	6.1	34.6%
Australia	3.2	4.3	5.3	5.4	19.1%
France	2.1	2.2	4.0	4.3	27.0%
Spain	1.4	2.4	2.9	3.7	38.3%
Others	19.3	18.5	25.5	28.1	13.3%
Total	126	144	202	208	18.2%

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

United States (189.3K units)
Germany (43.3K units)
Netherlands (36.1K units)
Japan (23.4K units)
United Kingdom (16.5K units)
China (16.3K units)
South Korea (12.4K units)
Australia (10.9K units)
France (8.8K units)
Spain (7.4K units)

Imports of Non-Keyboard Electrical Musical Instruments in Indonesia

After two years of decline, supplies from abroad of non-keyboard electrical musical instrumentses increased by 77% to 10K units in 2022. Over the period under review, total imports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +6.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, non-keyboard electrical musical instruments imports soared to $4.5M in 2022. In general, imports continue to indicate resilient growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Non-Keyboard Electrical Musical Instruments in Indonesia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	1,331	1,181	1,372	2,221	18.6%
United States	356	316	254	1,047	43.3%
Japan	414	206	338	387	-2.2%
Singapore	62.5	99.7	121	206	48.8%
Spain	24.9	1.2	16.9	162	86.7%
Malaysia	237	184	232	152	-13.8%
Australia	35.6	29.7	11.9	111	46.1%
Others	227	479	84.3	207	-3.0%
Total	2,687	2,497	2,431	4,492	18.7%