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

Contents:

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

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

In 2022, the average non-keyboard electrical musical instruments import price amounted to $155 per unit, dropping by -22.3% against the previous year. Over the period under review, the import price recorded a perceptible contraction. The most prominent rate of growth was recorded in 2014 an increase of 65% against the previous year. Over the period under review, average import prices hit record highs at $247 per unit in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Indonesia ($176 per unit), while the price for China totaled $136 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+0.7%).

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

The average non-keyboard electrical musical instruments export price stood at $137 per unit in 2022, shrinking by -56% against the previous year. Overall, the export price saw a deep contraction. The pace of growth appeared the most rapid in 2015 when the average export price increased by 1,898%. As a result, the export price attained the peak level of $390 per unit. From 2016 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Burkina Faso ($272 per unit), while the average price for exports to Senegal ($20 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 (+168.1%), while the prices for the other major destinations experienced a decline.

Imports of Non-Keyboard Electrical Musical Instruments in Morocco

Non-keyboard electrical musical instruments imports into Morocco surged to 1.9K units in 2022, increasing by 46% on the previous year. Overall, imports continue to indicate a significant expansion. The growth pace was the most rapid in 2020 when imports increased by 51%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the near future.

In value terms, non-keyboard electrical musical instruments imports rose significantly to $292K in 2022. Over the period under review, imports recorded a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 84%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

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

1. China (1323.0 units)
2. Indonesia (487.0 units)
3. United States (12.0 units)
4. Netherlands (1.0 units)

Exports of Non-Keyboard Electrical Musical Instruments in Morocco

In 2022, non-keyboard electrical musical instruments exports from Morocco skyrocketed to 8 units, rising by 60% against the previous year. In general, total exports indicated significant growth from 2021 to 2022: its volume increased at an average annual rate of +60.0% over the last one-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, non-keyboard electrical musical instruments exports contracted remarkably to $1.1K in 2022. Overall, exports, however, faced a precipitous curtailment. The exports peaked at $1.6K in 2021, and then declined notably in the following year.

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

1. Burkina Faso (3.0 units)
2. Cote d'Ivoire (2.0 units)
3. Portugal (2.0 units)
4. Senegal (1.0 units)

Source: IndexBox Market Intelligence Platform