Price for Non-Keyboard Electrical Musical Instruments in Thailand - 2023
Contents:
- Price for Non-Keyboard Electrical Musical Instruments in Thailand (CIF) - 2022
- Price for Non-Keyboard Electrical Musical Instruments in Thailand (FOB) - 2022
- Imports of Non-Keyboard Electrical Musical Instruments in Thailand
- Exports of Non-Keyboard Electrical Musical Instruments in Thailand
Price for Non-Keyboard Electrical Musical Instruments in Thailand (CIF) - 2022
The average non-keyboard electrical musical instruments import price stood at $164 per unit in 2022, picking up by 48% against the previous year. In general, the import price recorded a strong expansion. The pace of growth was the most pronounced in 2013 an increase of 49%. Over the period under review, average import prices attained the peak figure in 2022 and is likely to see gradual growth in the near future.
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 States ($834 per unit), while the price for China ($89 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+8.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Non-Keyboard Electrical Musical Instruments in Thailand (FOB) - 2022
The average non-keyboard electrical musical instruments export price stood at $182 per unit in 2022, shrinking by -28% against the previous year. In general, the export price, however, continues to indicate a prominent increase. The most prominent rate of growth was recorded in 2014 an increase of 814% against the previous year. Over the period under review, the average export prices reached the peak figure at $281 per unit in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($497 per unit), while the average price for exports to Nepal ($18 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 Sri Lanka (+23.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Non-Keyboard Electrical Musical Instruments in Thailand
In 2022, supplies from abroad of non-keyboard electrical musical instrumentses decreased by -25.7% to 64K units, falling for the second consecutive year after two years of growth. Overall, imports recorded a abrupt decline. The most prominent rate of growth was recorded in 2020 with an increase of 27% against the previous year. As a result, imports attained the peak of 122K units. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, non-keyboard electrical musical instruments imports expanded sharply to $11M in 2022. The total import value increased at an average annual rate of +9.8% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 23% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.
| Import of Non-Keyboard Electrical Musical Instruments in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2.9 | 4.4 | 3.7 | 4.1 | 12.2% |
| United States | 2.4 | 2.0 | 2.1 | 2.8 | 5.3% |
| Indonesia | 1.2 | 1.7 | 1.9 | 1.8 | 14.5% |
| Japan | 0.4 | 0.6 | 0.7 | 0.6 | 14.5% |
| Others | 1.2 | 1.2 | 1.2 | 1.3 | 2.7% |
| Total | 8.0 | 9.8 | 9.6 | 10.6 | 9.8% |
Top Suppliers of Non-Keyboard Electrical Musical Instruments to Thailand in 2022:
- China (46.1K units)
- Indonesia (8.3K units)
- Japan (3.4K units)
- United States (3.3K units)
Exports of Non-Keyboard Electrical Musical Instruments in Thailand
In 2022, approx. 1.6K units of non-keyboard electrical musical instrumentses were exported from Thailand; growing by 11% on the previous year's figure. Overall, total exports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +26.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -2.9% against 2020 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 108% against the previous year. As a result, the exports attained the peak of 1.7K units. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, non-keyboard electrical musical instruments exports fell rapidly to $294K in 2022. Over the period under review, exports continue to indicate significant growth. The growth pace was the most rapid in 2020 when exports increased by 80%. The exports peaked at $370K in 2021, and then dropped rapidly in the following year.
| Export of Non-Keyboard Electrical Musical Instruments in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hong Kong SAR | 70.8 | 114 | 222 | 139 | 25.2% |
| United States | 15.0 | 59.7 | 34.4 | 56.3 | 55.4% |
| Singapore | 4.8 | 29.0 | 27.8 | 13.3 | 40.5% |
| Canada | 0.5 | 0.6 | 1.6 | 12.4 | 191.6% |
| South Korea | 13.0 | 13.8 | 7.3 | 8.2 | -14.2% |
| Italy | N/A | 0.3 | 1.8 | 5.3 | 320.3% |
| Lao People's Democratic Republic | 9.6 | 10.4 | 2.7 | 5.0 | -19.5% |
| India | 0.2 | 1.0 | 0.6 | 3.9 | 169.2% |
| Nepal | N/A | N/A | 0.1 | 2.3 | 2200.0% |
| United Arab Emirates | 16.2 | 0.2 | N/A | 0.5 | -68.6% |
| Myanmar | 0.3 | 4.9 | 1.7 | 0.2 | -12.6% |
| Others | 23.4 | 43.5 | 69.4 | 47.8 | 26.9% |
| Total | 154 | 277 | 370 | 294 | 24.1% |
Top Export Markets for Non-Keyboard Electrical Musical Instruments from Thailand in 2022:
- Hong Kong SAR (636.0 units)
- United States (433.0 units)
- Nepal (129.0 units)
- Canada (68.0 units)
- India (50.0 units)
- Singapore (43.0 units)
- South Korea (36.0 units)
- Italy (35.0 units)
- Lao People's Democratic Republic (31.0 units)
- United Arab Emirates (5.0 units)
- Myanmar (2.0 units)
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This report provides an in-depth analysis of the electrical musical instrument market in Thailand.
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This report provides an in-depth analysis of the global electrical musical instrument market.
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This report provides an in-depth analysis of the electrical musical instrument market in Thailand.
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This report provides an in-depth analysis of the global electrical musical instrument market.
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Discover the top import markets for electrical musical instruments in 2023. Learn about the key countries driving the global trade of musical instruments.
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Discover the top import markets for electrical musical instruments in 2023. Learn about the key countries driving the global trade of musical instruments.
