Japan: Keyboard Stringed Instrument Market 2024

Keyboard Stringed Instrument Market Size in Japan

The Japanese keyboard stringed instrument market soared to $X in 2022, growing by X% against the previous year. Over the period under review, the total consumption indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2019 indices. Over the period under review, the market reached the peak level in 2022 and is expected to retain growth in the near future.

Keyboard Stringed Instrument Production in Japan

In value terms, keyboard stringed instrument production reached $X in 2022 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of X%. As a result, production reached the peak level of $X. From 2018 to 2022, production growth remained at a somewhat lower figure.

Keyboard Stringed Instrument Exports

Exports from Japan

In 2022, exports of keyboard stringed instruments from Japan dropped markedly to X units, waning by X% on the previous year. In general, exports faced a deep reduction. The growth pace was the most rapid in 2019 with an increase of X%. As a result, the exports reached the peak of X units. From 2020 to 2022, the growth of the exports failed to regain momentum.

In value terms, keyboard stringed instrument exports dropped sharply to $X in 2022. Overall, exports faced a abrupt curtailment. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X units), Taiwan (Chinese) (X units) and the Netherlands (X units) were the main destinations of keyboard stringed instrument exports from Japan, with a combined X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) emerged as the key foreign market for keyboard stringed instruments exports from Japan, comprising X% of total exports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a X% share of total exports. It was followed by the Netherlands, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (X% per year) and the Netherlands (X% per year).

Export Prices by Country

The average keyboard stringed instrument export price stood at $X per unit in 2022, with an increase of X% against the previous year. In general, the export price enjoyed buoyant growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Canada ($X 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 the United States (X%), while the prices for the other major destinations experienced more modest paces of growth.

Keyboard Stringed Instrument Imports

Imports into Japan

In 2022, approx. X units of keyboard stringed instruments were imported into Japan; jumping by X% against 2021. Overall, imports posted a buoyant expansion. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, keyboard stringed instrument imports surged to $X in 2022. Over the period under review, imports, however, saw a noticeable decrease. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) was the main supplier of keyboard stringed instrument to Japan, with a X% share of total imports. It was followed by Germany (X units), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from China stood at X%.

In value terms, China ($X) constituted the largest supplier of keyboard stringed instruments to Japan, comprising X% of total imports. The second position in the ranking was held by Germany ($X), with an X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China totaled X%.

Import Prices by Country

In 2022, the average keyboard stringed instrument import price amounted to $X per unit, shrinking by X% against the previous year. Overall, the import price faced a deep contraction. The pace of growth was the most pronounced in 2013 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per unit. From 2014 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per unit), while the price for China stood at $X per unit.

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

Source: IndexBox Platform

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