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Germany - Electrical Musical Or Keyboard Instruments - Market Analysis, Forecast, Size, Trends And Insights
Report Update: Jan 1, 2025

Germany - Electrical Musical Or Keyboard Instruments - Market Analysis, Forecast, Size, Trends And Insights

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Jul 27, 2023

Germany Sees a 9% Surge in Prices of Electronic Musical Instruments, Reaching An Average of $285 per Unit.

Germany Electrical Musical Instrument Import Price in April 2023

In April 2023, the electrical musical instrument price stood at $285 per unit (CIF, Germany), rising by 8.9% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +2.5%. The most prominent rate of growth was recorded in August 2022 an increase of 17% month-to-month. The import price peaked in April 2023.

There were significant differences in the average prices amongst the major supplying countries. In April 2023, the country with the highest price was Sweden ($483 per unit), while the price for China ($165 per unit) was amongst the lowest.

From April 2022 to April 2023, the most notable rate of growth in terms of prices was attained by China (+2.6%), while the prices for the other major suppliers experienced more modest paces of growth.

COUNTRYImport Price of Electrical Musical Instrument in Germany (USD per unit)
Apr 2022May 2022Jun 2022Jul 2022Aug 2022Sep 2022Oct 2022Nov 2022Dec 2022Jan 2023Feb 2023Mar 2023Apr 2023
Sweden1,0244287201,120437789528732587555470226483
South Korea373501404378326578393545418315397513420
Belgium320289330240268332229288268329297346407
France306179333284218296250274251311328317347
Netherlands242240271228279269204198241300282301328
Indonesia200188187193212192183201194204236222242
Poland25214519293.018018015289.692.4131151171207
China121142154120148140143139131119144173165
Average212209231192225203192191193208238262285

Germany Electrical Musical Instrument Import Prices by Type

Average prices varied noticeably amongst the major supplied products. In April 2023, the product with the highest price was non-keyboard electrical musical instruments ($302 per unit), while the price for keyboard electrical musical instruments, other than accordions amounted to $266 per unit.

From April 2022 to April 2023, the most notable rate of growth in terms of prices was attained by keyboard electrical musical instruments, other than accordions (+2.6%).

Germany Electrical Musical Instrument Imports

In April 2023, after four months of decline, there was significant growth in purchases abroad of electrical musical or keyboard instruments, when their volume increased by 7.9% to 103K units. Over the period under review, imports, however, recorded a perceptible curtailment. The most prominent rate of growth was recorded in September 2022 with an increase of 28% against the previous month. Imports peaked at 227K units in November 2022; however, from December 2022 to April 2023, imports stood at a somewhat lower figure.

In value terms, electrical musical instrument imports skyrocketed to $29M (IndexBox estimates) in April 2023. Overall, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in November 2022 with an increase of 24% m-o-m. As a result, imports attained the peak of $43M. From December 2022 to April 2023, the growth of imports failed to regain momentum.

Germany Electrical Musical Instrument Imports by Type

Non-keyboard electrical musical instruments (54K units) and keyboard electrical musical instruments, other than accordions (49K units) were the main products of electrical musical instrument imports to Germany.

From April 2022 to April 2023, the biggest increases were in non-keyboard electrical musical instruments (with a CAGR of -0.9%).

In value terms, non-keyboard electrical musical instruments ($16M) and keyboard electrical musical instruments, other than accordions ($13M) were the most imported types of electrical musical or keyboard instruments in Germany.

Germany Electrical Musical Instrument Imports by Country

China (30K units), Indonesia (29K units) and the Netherlands (25K units) were the main suppliers of electrical musical instrument imports to Germany, together comprising 82% of total imports. These countries were followed by France, Sweden, Poland, South Korea and Belgium, which together accounted for a further 11%.

From April 2022 to April 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Sweden (with a CAGR of +11.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($8.3M), Indonesia ($6.9M) and China ($5M) were the largest electrical musical instrument suppliers to Germany, together comprising 69% of total imports. France, Sweden, South Korea, Belgium and Poland lagged somewhat behind, together accounting for a further 14%.

Among the main suppliers, France, with a CAGR of +9.0%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the electrical musical instrument market in Germany. 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 32201400 - Musical or keyboard instruments, the sound of which is produced, or must be amplified, electrically

Country coverage:

  • Germany

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Germany
  • 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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 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. 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. 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. 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. 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. 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. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2024
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2024
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. LIST OF TABLES

    1. Key Findings In 2024
    2. Market Volume, In Physical Terms, 2012–2024
    3. Market Value, 2012–2024
    4. Per Capita Consumption In 2012-2024
    5. Imports, In Physical Terms, By Country, 2012–2024
    6. Imports, In Value Terms, By Country, 2012–2024
    7. Import Prices, By Country Of Origin, 2012–2024
    8. Exports, In Physical Terms, By Country, 2012–2024
    9. Exports, In Value Terms, By Country, 2012–2024
    10. Export Prices, By Country Of Destination, 2012–2024

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2024
    2. Market Value, 2012–2024
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
    5. Trade Balance, In Physical Terms, 2012-2024
    6. Trade Balance, In Value Terms, 2012-2024
    7. Per Capita Consumption, 2012-2024
    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, 2012–2024
    22. Production, In Value Terms, 2012–2024
    23. Imports, In Physical Terms, 2012–2024
    24. Imports, In Value Terms, 2012–2024
    25. Imports, In Physical Terms, By Country, 2024
    26. Imports, In Physical Terms, By Country, 2012–2024
    27. Imports, In Value Terms, By Country, 2012–2024
    28. Import Prices, By Country Of Origin, 2012–2024
    29. Exports, In Physical Terms, 2012–2024
    30. Exports, In Value Terms, 2012–2024
    31. Exports, In Physical Terms, By Country, 2024
    32. Exports, In Physical Terms, By Country, 2012–2024
    33. Exports, In Value Terms, By Country, 2012–2024
    34. Export Prices, By Country Of Destination, 2012–2024

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