Price for Non-Keyboard Electrical Musical Instruments in Sri Lanka - 2021

Contents:

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

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

In 2022, the average non-keyboard electrical musical instruments import price amounted to $83 per unit, with a decrease of -26.1% against the previous year. In general, the import price, however, continues to indicate a slight increase. The pace of growth appeared the most rapid in 2013 an increase of 68%. Over the period under review, average import prices attained the maximum at $164 per unit in 2015; however, from 2016 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 Malaysia ($465 per unit), while the price for Hong Kong SAR ($18 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+0.7%), while the prices for the other major suppliers experienced mixed trend patterns.

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

In 2022, the average non-keyboard electrical musical instruments export price amounted to $39 per unit, rising by 130% against the previous year. Over the period under review, the export price continues to indicate a pronounced increase. The pace of growth was the most pronounced in 2014 an increase of 1,096%. The export price peaked at $87 per unit in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Maldives ($104 per unit), while the average price for exports to Australia ($5.8 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 Maldives (+8.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Keyboard Electrical Musical Instruments in Sri Lanka

In 2022, overseas purchases of non-keyboard electrical musical instrumentses decreased by -82.4% to 495 units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports faced a abrupt decrease. The most prominent rate of growth was recorded in 2021 with an increase of 219%. As a result, imports reached the peak of 2.8K units, and then reduced remarkably in the following year.

In value terms, non-keyboard electrical musical instruments imports contracted remarkably to $41K in 2022. In general, imports showed a dramatic curtailment. The pace of growth appeared the most rapid in 2021 with an increase of 192% against the previous year. As a result, imports attained the peak of $314K, and then reduced markedly in the following year.

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

1. China (172.0 units)
2. Indonesia (103.0 units)
3. Hong Kong SAR (101.0 units)
4. Japan (68.0 units)
5. Singapore (27.0 units)
6. Malaysia (8.0 units)
7. India (4.0 units)

Exports of Non-Keyboard Electrical Musical Instruments in Sri Lanka

In 2022, the amount of non-keyboard electrical musical instrumentses exported from Sri Lanka surged to 106 units, growing by 864% against the year before. In general, 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.

In value terms, non-keyboard electrical musical instruments exports soared to $4.1K in 2022. Overall, exports continue to indicate a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

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

1. Australia (87.0 units)
2. Maldives (13.0 units)
3. United Kingdom (2.0 units)
4. India (2.0 units)

Source: IndexBox Market Intelligence Platform