Report Update Apr 1, 2024

Myanmar - Keyboard Stringed Instruments - Market Analysis, Forecast, Size, Trends and Insights

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Myanmar: Keyboard Stringed Instrument Market 2024

Keyboard Stringed Instrument Market Size in Myanmar

After three years of growth, the Myanmar's keyboard stringed instrument market decreased by X% to $X in 2022. Over the period under review, consumption, however, continues to indicate a significant expansion. Keyboard stringed instrument consumption peaked at $X in 2021, and then contracted rapidly in the following year.

Keyboard Stringed Instrument Exports

Exports from Myanmar

In 2022, the amount of keyboard stringed instruments exported from Myanmar shrank notably to X units, dropping by X% on 2021 figures. Overall, exports, however, recorded significant growth. The exports peaked at X units in 2021, and then dropped notably in the following year.

In value terms, keyboard stringed instrument exports shrank remarkably to $X in 2022. In general, exports, however, showed a significant increase. Over the period under review, the exports attained the peak figure at $X in 2021, and then reduced markedly in the following year.

Exports by Country

Thailand (X units) was the main destination for keyboard stringed instrument exports from Myanmar, with a X% share of total exports. Moreover, keyboard stringed instrument exports to Thailand exceeded the volume sent to the second major destination, Kenya (X units), fourfold.

From 2018 to 2022, the average annual growth rate of volume to Thailand stood at X%.

In value terms, Thailand ($X) emerged as the key foreign market for keyboard stringed instruments exports from Myanmar, comprising X% of total exports. The second position in the ranking was taken by Kenya ($X), with a X% share of total exports.

From 2018 to 2022, the average annual rate of growth in terms of value to Thailand amounted to X%.

Export Prices by Country

In 2022, the average keyboard stringed instrument export price amounted to $X per unit, picking up by X% against the previous year. Over the period under review, the export price saw a significant increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Thailand ($X per unit), while the average price for exports to Kenya amounted to $X per unit.

From 2018 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (X%).

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Keyboard Stringed Instrument Imports

Imports into Myanmar

In 2022, keyboard stringed instrument imports into Myanmar surged to X units, with an increase of X% on 2021. In general, imports enjoyed a resilient increase. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at X units in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, keyboard stringed instrument imports soared to $X in 2022. Overall, imports recorded significant growth. The pace of growth appeared the most rapid in 2013 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2016; however, from 2017 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Japan (X units) constituted the largest supplier of keyboard stringed instrument to Myanmar, accounting for a X% share of total imports. Moreover, keyboard stringed instrument imports from Japan exceeded the figures recorded by the second-largest supplier, South Korea (X units), threefold. The third position in this ranking was taken by Indonesia (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Japan amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (X% per year) and Indonesia (X% per year).

In value terms, the largest keyboard stringed instrument suppliers to Myanmar were Indonesia ($X), South Korea ($X) and Japan ($X), with a combined X% share of total imports. China, Malaysia and Thailand lagged somewhat behind, together accounting for a further X%.

China, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average keyboard stringed instrument import price stood at $X per unit in 2022, falling by X% against the previous year. In general, the import price, however, posted a significant expansion. The most prominent rate of growth was recorded in 2013 an increase of 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 somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for keyboard stringed instruments in the world?

The countries with the highest volumes of consumption in 2023 were South Korea, Indonesia and Panama, together comprising 68% of global consumption. Thailand, the United Arab Emirates, South Africa, the Philippines and Malaysia lagged somewhat behind, together accounting for a further 14%.

What are the largest producers of keyboard stringed instruments in the world?

The countries with the highest volumes of production in 2022 were South Korea, Indonesia and Panama, with a combined 81% share of global production. The Philippines, the United States, Italy and the United Arab Emirates lagged somewhat behind, together accounting for a further 11%.

What are the leading suppliers of keyboard stringed instruments to Myanmar?

In value terms, the largest keyboard stringed instrument suppliers to Myanmar were Indonesia, South Korea and Japan, with a combined 88% share of total imports. China, Malaysia and Thailand lagged somewhat behind, together comprising a further 12%.

What are the leading importers of keyboard stringed instruments from Myanmar?

In value terms, Thailand emerged as the key foreign market for keyboard stringed instruments exports from Myanmar, comprising 92% of total exports. The second position in the ranking was taken by Kenya $975), with a 7.7% share of total exports.

What is the average export price for keyboard stringed instruments in Myanmar?

In 2022, the average keyboard stringed instrument export price amounted to $704 per unit, growing by 692% against the previous year.

What is the average import price for keyboard stringed instruments in Myanmar?

The average keyboard stringed instrument import price stood at $1,470 per unit in 2022, declining by -43.9% against the previous year.

This report provides an in-depth analysis of the keyboard stringed instrument market in Myanmar. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 32201150 - Keyboard stringed instruments (including harpsichords, s pinets and clavichords)

Country coverage:

Myanmar

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Myanmar
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023