Japan - Electrical Musical Or Keyboard Instruments - Market Analysis, Forecast, Size, Trends And Insights
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View PricingImports of Musical Electrical Instruments Surge by 13% to $19M in Japan for November 2023
Japan Electrical Musical Instrument Imports
In November 2023, approximately 39K units of electrical musical or keyboard instruments were imported into Japan; growing by 13% compared with the month before. Over the period under review, imports, however, saw a mild curtailment. Over the period under review, imports hit record highs at 48K units in December 2022; however, from January 2023 to November 2023, imports stood at a somewhat lower figure.
In value terms, electrical musical instrument imports rose rapidly to $19M (IndexBox estimates) in November 2023. Overall, imports, however, recorded a slight descent. Over the period under review, imports attained the peak figure at 22M units in December 2022; however, from January 2023 to November 2023, imports failed to regain momentum.
| COUNTRY | Import Value of Electrical Musical Instrument in Japan (million USD) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 | Apr 2023 | May 2023 | Jun 2023 | Jul 2023 | Aug 2023 | Sep 2023 | Oct 2023 | Nov 2023 | |
| China | 10.5 | 10.1 | 4.7 | 3.0 | 5.0 | 6.5 | 6.2 | 5.8 | 5.4 | 5.8 | 6.5 | 6.3 | 7.0 |
| United States | 3.0 | 2.7 | 2.9 | 3.8 | 3.5 | 2.8 | 3.8 | 4.5 | 4.3 | 4.9 | 4.4 | 3.4 | 4.3 |
| Indonesia | 3.8 | 5.5 | 3.2 | 4.5 | 5.2 | 4.9 | 3.3 | 3.0 | 3.2 | 3.2 | 2.4 | 3.0 | 3.5 |
| Malaysia | 2.2 | 1.6 | 1.5 | 0.9 | 0.7 | 0.9 | 1.0 | 0.9 | 0.9 | 1.3 | 1.3 | 1.6 | 2.0 |
| Mexico | 0.8 | 0.3 | 0.2 | 0.9 | 0.3 | 0.4 | 0.5 | 0.3 | 1.0 | 0.3 | 0.4 | 0.9 | 0.6 |
| Others | 1.2 | 1.3 | 0.7 | 1.3 | 1.3 | 1.1 | 1.0 | 0.7 | 0.7 | 0.9 | 1.0 | 1.1 | 1.1 |
| Total | 21.4 | 21.6 | 13.3 | 14.2 | 16.1 | 16.6 | 15.8 | 15.3 | 15.5 | 16.4 | 16.0 | 16.4 | 18.6 |
Imports by Country
China (14K units), the United States (10K units) and Indonesia (7.2K units) were the main suppliers of electrical musical instrument imports to Japan, together accounting for 80% of total imports.
From November 2022 to November 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United States (with a CAGR of +2.3%), while imports for the other leaders experienced a decline.
In value terms, China ($7M), the United States ($4.3M) and Indonesia ($3.5M) constituted the largest electrical musical instrument suppliers to Japan, together comprising 80% of total imports.
In terms of the main suppliers, the United States, with a CAGR of +3.1%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.
Imports by Type
Non-keyboard electrical musical instruments (22K units) and keyboard electrical musical instruments, other than accordions (17K units) were the main products of electrical musical instrument imports to Japan.
From November 2022 to November 2023, the most notable rate of growth in terms of purchases, amongst the major product types, was attained by non-keyboard electrical musical instruments (with a CAGR of +0.3%).
In value terms, the most traded types of electrical musical or keyboard instruments in Japan were keyboard electrical musical instruments, other than accordions ($9.3M) and non-keyboard electrical musical instruments ($9.3M).
Import Prices by Country
In November 2023, the electrical musical instrument price amounted to $475 per unit (CIF, Japan), standing approximately at the previous month. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in January 2023 an increase of 6.5% month-to-month. As a result, import price attained the peak level of $480K per thousand units. From February 2023 to November 2023, the average import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In November 2023, the countries with the highest prices were China ($510 per unit) and Malaysia ($509 per unit), while the price for Mexico ($419 per unit) and the United States ($420 per unit) were amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Mexico (+0.8%), while the prices for the other major suppliers experienced more modest paces of growth.
This report provides an in-depth analysis of the electrical musical instrument market in Japan. 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:
- Japan
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Japan
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2024
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2024
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2024
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Per Capita Consumption In 2012-2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
- Trade Balance, In Physical Terms, 2012-2024
- Trade Balance, In Value Terms, 2012-2024
- Per Capita Consumption, 2012-2024
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2024
- Production, In Value Terms, 2012–2024
- Imports, In Physical Terms, 2012–2024
- Imports, In Value Terms, 2012–2024
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, 2012–2024
- Exports, In Value Terms, 2012–2024
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
