United Kingdom - Electrical Musical Or Keyboard Instruments - Market Analysis, Forecast, Size, Trends And Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingUK Imports of Electrical Musical Instruments Diminish to $187M in 2023
United Kingdom Electrical Musical Instrument Imports
For the third year in a row, the UK recorded decline in purchases abroad of electrical musical or keyboard instruments, which decreased by -8.4% to 643K units in 2023. Overall, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of 36%. Imports peaked at 921K units in 2020; however, from 2021 to 2023, imports remained at a lower figure.
In value terms, electrical musical instrument imports declined slightly to $187M (IndexBox estimates) in 2023. The total import value increased at an average annual rate of +3.5% over the period from 2013 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2016 with an increase of 17% against the previous year. Over the period under review, imports reached the maximum at $196M in 2022, and then contracted in the following year.
| COUNTRY | Import Value of Electrical Musical Instrument in United Kingdom (million USD) | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
| China | 29.5 | 31.4 | 29.3 | 31.4 | 30.5 | 40.2 | 42.2 | 49.5 | 48.8 | 64.3 | 65.7 |
| United States | 11.4 | 14.5 | 11.6 | 13.8 | 13.5 | 14.5 | 13.3 | 12.6 | 14.5 | 38.5 | 41.3 |
| Indonesia | 15.9 | 17.0 | 19.0 | 21.7 | 18.2 | 21.1 | 22.9 | 21.1 | 32.3 | 41.6 | 32.5 |
| Malaysia | 0.2 | N/A | N/A | N/A | 0.5 | N/A | 3.4 | 0.2 | 0.1 | 13.8 | 12.8 |
| Mexico | N/A | N/A | N/A | 0.4 | 0.1 | 0.1 | N/A | N/A | N/A | 8.0 | 8.6 |
| Japan | 4.3 | 5.4 | 3.7 | 3.9 | 3.2 | 3.4 | 2.5 | 2.3 | 3.9 | 6.7 | 6.3 |
| Italy | 0.4 | 0.1 | 0.4 | 2.3 | 1.9 | 1.6 | 1.7 | 2.5 | 0.9 | 2.1 | 3.7 |
| Germany | 10.0 | 15.4 | 16.4 | 11.2 | 10.5 | 15.8 | 12.2 | 21.4 | 19.0 | 2.4 | 2.1 |
| Netherlands | 51.0 | 41.8 | 38.2 | 40.2 | 36.2 | 40.5 | 43.3 | 45.1 | 59.6 | 1.6 | 0.9 |
| Belgium | 0.3 | 0.4 | 0.5 | 16.9 | 22.5 | 12.6 | 9.3 | 9.0 | 0.6 | 0.1 | 0.1 |
| Others | 10.1 | 11.2 | 10.2 | 9.3 | 12.5 | 15.1 | 16.1 | 15.8 | 15.4 | 17.2 | 12.8 |
| Total | 133 | 137 | 129 | 151 | 150 | 165 | 167 | 180 | 195 | 196 | 187 |
Imports by Country
In 2023, China (384K units) constituted the largest electrical musical instrument supplier to the UK, with a 60% share of total imports. Moreover, electrical musical instrument imports from China exceeded the figures recorded by the second-largest supplier, Indonesia (85K units), fourfold. the United States (50K units) ranked third in terms of total imports with a 7.8% share.
From 2013 to 2023, the average annual rate of growth in terms of volume from China stood at +2.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (+7.7% per year) and the United States (+3.4% per year).
In value terms, China ($66M), the United States ($41M) and Indonesia ($33M) appeared to be the largest electrical musical instrument suppliers to the UK, together comprising 75% of total imports. Malaysia, Mexico, Japan, Italy, Germany, the Netherlands and Belgium lagged somewhat behind, together comprising a further 18%.
In terms of the main suppliers, Mexico, with a CAGR of +106.5%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.
Imports by Type
Non-keyboard electrical musical instruments (404K units) and keyboard electrical musical instruments, other than accordions (239K units) were the main products of electrical musical instrument imports to the UK.
From 2013 to 2023, the biggest increases were recorded for keyboard electrical musical instruments, other than accordions (with a CAGR of +3.6%).
In value terms, non-keyboard electrical musical instruments ($119M) and keyboard electrical musical instruments, other than accordions ($68M) were the most imported types of electrical musical or keyboard instruments in the UK.
Import Prices by Country
In 2023, the electrical musical instrument price stood at $291 per unit (CIF, United Kingdom), picking up by 3.9% against the previous year. Over the period from 2013 to 2023, it increased at an average annual rate of +2.9%. The most prominent rate of growth was recorded in 2021 an increase of 31% against the previous year. Over the period under review, average import prices hit record highs in 2023 and is expected to retain growth in years to come.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($819 per unit), while the price for the Netherlands ($133 per unit) was amongst the lowest.
From 2013 to 2023, the most notable rate of growth in terms of prices was attained by Belgium (+10.7%), 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 the UK. 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:
- United Kingdom
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the UK
- 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
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND THE AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDSThis Chapter is Available Only for the Professional EditionPRO
3. MARKET OVERVIEW
Understanding the Current State of The Market and its Prospects
- MARKET SIZE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- MARKET STRUCTURE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- TRADE BALANCE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- PER CAPITA CONSUMPTION: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- MARKET FORECAST TO 2035
4. MOST PROMISING PRODUCTS FOR DIVERSIFICATION
Finding New Products to Diversify Your Business
- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCTS
- MOST TRADED PRODUCTS
- MOST PROFITABLE PRODUCTS FOR EXPORTS
5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Export
- 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: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- IMPORTS BY COUNTRY: HISTORICAL DATA (2012–2024)
- IMPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2024)
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- EXPORTS BY COUNTRY: HISTORICAL DATA (2012–2024)
- EXPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2024)
10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
LIST OF TABLES
- Key Findings In 2024
- Market Volume, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Value: Historical Data (2012–2024) and Forecast (2025–2035)
- Per Capita Consumption: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country, 2012–2024
LIST OF FIGURES
- Market Volume, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Value: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Structure – Domestic Supply vs. Imports, in Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Structure – Domestic Supply vs. Imports, in Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Trade Balance, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Trade Balance, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Per Capita Consumption: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Volume Forecast to 2035
- Market Value Forecast to 2035
- Market Size and Growth, By Product
- Average Per Capita Consumption, By Product
- Exports and Growth, By Product
- Export Prices and Growth, By Product
- 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: Historical Data (2012–2024) and Forecast (2025–2035)
- Production, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- 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, 2012–2024
- Exports, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Exports, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- 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, 2012–2024
