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

Contents:

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

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

The average non-keyboard electrical musical instruments import price stood at $103 per unit in August 2023, waning by -37.6% against the previous month. In general, the import price showed a pronounced setback. The most prominent rate of growth was recorded in December 2022 when the average import price increased by 173% against the previous month. Over the period under review, average import prices hit record highs at $190 per unit in October 2022; however, from November 2022 to August 2023, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for China.

From August 2022 to August 2023, the rate of growth in terms of prices for China amounted to -4.7% per month.

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

In 2022, the average non-keyboard electrical musical instruments export price amounted to $190 per unit, standing approx. at the previous year. Over the period under review, the export price, however, saw a mild decline. The pace of growth was the most pronounced in 2017 when the average export price increased by 44% against the previous year. As a result, the export price reached the peak level of $479 per unit. From 2018 to 2022, the average export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for the United Arab Emirates.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to -1.9% per year.

Imports of Non-Keyboard Electrical Musical Instruments in Mexico

In 2022, approx. 116K units of non-keyboard electrical musical instrumentses were imported into Mexico; increasing by 98% compared with the previous year. In general, imports posted a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, non-keyboard electrical musical instruments imports skyrocketed to $12M in 2022. Over the period under review, imports, however, saw a relatively flat trend pattern. Imports peaked at $13M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

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

1. China (112.1K units)
2. United States (3.9K units)

Exports of Non-Keyboard Electrical Musical Instruments in Mexico

Non-keyboard electrical musical instruments exports from Mexico shrank markedly to 10K units in 2022, which is down by -50.5% on 2021 figures. Over the period under review, exports continue to indicate a dramatic decrease. The exports peaked at 21K units in 2021, and then contracted dramatically in the following year.

In value terms, non-keyboard electrical musical instruments exports fell remarkably to $2M in 2022. In general, exports saw a precipitous curtailment. The exports peaked at $4M in 2021, and then fell sharply in the following year.

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

1. United Arab Emirates (10.5K units)

Source: IndexBox Market Intelligence Platform