Price for Non-Keyboard Electrical Musical Instruments in Kenya - 2021

Contents:

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

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

The average non-keyboard electrical musical instruments import price stood at $40 per unit in 2022, waning by -36.4% against the previous year. Overall, the import price faced a deep contraction. The growth pace was the most rapid in 2018 an increase of 105%. Over the period under review, average import prices reached the maximum at $117 per unit in 2012; however, from 2013 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 United Arab Emirates ($233 per unit), while the price for the United States ($34 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+193.6%), while the prices for the other major suppliers experienced mixed trend patterns.

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

In 2022, the average non-keyboard electrical musical instruments export price amounted to $1,624 per unit, surging by 1,419% against the previous year. Over the period under review, the export price continues to indicate significant growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($4,845 per unit), while the average price for exports to Rwanda ($15 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 France (+19.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Keyboard Electrical Musical Instruments in Kenya

In 2022, approx. 6.5K units of non-keyboard electrical musical instrumentses were imported into Kenya; with an increase of 208% on 2021 figures. Over the period under review, imports posted a prominent increase. 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 surged to $257K in 2022. In general, imports, however, saw a pronounced curtailment. Over the period under review, imports hit record highs at $293K in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

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

1. United Arab Emirates (undefinedK units)
2. China (5.7K units)
3. United States (0.4K units)

Exports of Non-Keyboard Electrical Musical Instruments in Kenya

In 2022, shipments abroad of non-keyboard electrical musical instrumentses increased by 1,182% to 141 units for the first time since 2019, thus ending a two-year declining trend. Overall, exports showed significant growth. 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 skyrocketed to $229K in 2022. Over the period under review, exports continue to indicate a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

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

1. Congo (54.0 units)
2. Germany (41.0 units)
3. South Sudan (16.0 units)
4. Uganda (9.0 units)
5. France (8.0 units)
6. Tanzania (3.0 units)

Source: IndexBox Market Intelligence Platform