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

Contents:

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

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

The average non-keyboard electrical musical instruments import price stood at $188 per unit in September 2023, picking up by 47% against the previous month. Over the period under review, import price indicated a pronounced expansion from September 2022 to September 2023: its price increased at an average monthly rate of +3.6% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2023 figures, non-keyboard electrical musical instruments import price increased by +67.3% against July 2023 indices. The most prominent rate of growth was recorded in November 2022 an increase of 68% m-o-m. Over the period under review, average import prices attained the peak figure in September 2023.

There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Indonesia ($222 per unit), while the price for China ($145 per unit) was amongst the lowest.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by China (+5.0%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average non-keyboard electrical musical instruments export price stood at $67 per unit in 2022, growing by 24% against the previous year. Over the period under review, the export price, however, showed a noticeable downturn. The most prominent rate of growth was recorded in 2018 an increase of 867%. As a result, the export price attained the peak level of $370 per unit. From 2019 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($158 per unit), while the average price for exports to Iran ($11 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 Gabon (+59.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Keyboard Electrical Musical Instruments in Turkey

In 2022, non-keyboard electrical musical instruments imports into Turkey soared to 55K units, with an increase of 41% on 2021. Overall, total imports indicated significant growth from 2019 to 2022: its volume increased at an average annual rate of +23.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +88.3% against 2019 indices. 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 surged to $6.8M in 2022. In general, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +18.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +64.8% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

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

1. China (37.4K units)
2. Indonesia (12.4K units)
3. Malaysia (2.8K units)
4. Mexico (1.1K units)
5. United States (0.7K units)

Exports of Non-Keyboard Electrical Musical Instruments in Turkey

In 2022, approx. 9K units of non-keyboard electrical musical instrumentses were exported from Turkey; increasing by 312% against the previous year's figure. In general, exports posted significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 690%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in years to come.

In value terms, non-keyboard electrical musical instruments exports soared to $601K in 2022. Over the period under review, exports showed a significant increase. The pace of growth was the most pronounced in 2021 when exports increased by 535% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to continue growth in years to come.

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

1. Libya (undefinedK units)
2. Azerbaijan (undefinedK units)
3. Russia (7.4K units)
4. Iran (0.4K units)
5. United States (0.3K units)
6. Iraq (0.3K units)
7. Germany (0.2K units)

Source: IndexBox Market Intelligence Platform