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

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May 11, 2023

Electrical Musical Instrument Price in Brazil - 2023

Price Forecast for Electrical Musical Or Keyboard Instruments in Brazil till 2025

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Electrical Musical Instrument Price in Brazil (CIF) - 2023

In February 2023, the average electrical musical instrument import price amounted to $111 per unit, shrinking by -10.7% against the previous month. In general, import price indicated a mild expansion from February 2022 to February 2023: its price increased at an average monthly rate of +1.6% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on February 2023 figures, electrical musical instrument import price increased by +11.5% against December 2022 indices. The pace of growth appeared the most rapid in November 2022 an increase of 34% m-o-m. As a result, import price attained the peak level of $144 per unit. From December 2022 to February 2023, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In February 2023, the country with the highest price was Indonesia ($344 per unit), while the price for China ($85.6 per unit) was amongst the lowest.

From February 2022 to February 2023, the most notable rate of growth in terms of prices was attained by India (+4.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Electrical Musical Instrument Price in Brazil (FOB) - 2023

The average electrical musical instrument export price stood at $1,531 per unit in February 2023, surging by 23% against the previous month. Over the period under review, the export price saw mild growth. The pace of growth appeared the most rapid in June 2022 an increase of 64% against the previous month. Over the period under review, the average export prices hit record highs at $1,840 per unit in December 2022; afterwards, it flattened through to February 2023.

Prices varied noticeably by the country of destination: the country with the highest price was Hong Kong SAR ($3,500 per unit), while the average price for exports to Angola ($365 per unit) was amongst the lowest.

From February 2022 to February 2023, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+72.5%), while the prices for the other major destinations experienced more modest paces of growth.

Electrical Musical Instrument Imports in Brazil

In 2022, approx. 1.9M units of electrical musical or keyboard instruments were imported into Brazil; dropping by -2.3% on 2021. The total import volume increased at an average annual rate of +7.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 30% against the previous year. As a result, imports attained the peak of 1.9M units, and then declined modestly in the following year.

In value terms, electrical musical instrument imports rose remarkably to $34M in 2022. Overall, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +11.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +63.9% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 44% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.

Import of Electrical Musical or Keyboard Instruments in Brazil (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	19.2	16.9	23.4	23.6	7.1%
Indonesia	3.0	2.2	3.8	5.9	25.3%
Malaysia	1.4	0.7	1.0	1.7	6.7%
India	N/A	N/A	N/A	0.6	0%
Others	1.2	1.2	2.1	2.6	29.4%
Total	24.7	21.0	30.3	34.4	11.7%

Top Suppliers of Electrical Musical or Keyboard Instruments to Brazil in 2022:

China (1446.2K units)
Indonesia (259.7K units)
Malaysia (70.8K units)
India (34.8K units)

Electrical Musical Instrument Exports in Brazil

In 2022, exports of electrical musical or keyboard instruments from Brazil expanded significantly to 2.4K units, picking up by 9.8% on the year before. In general, exports, however, showed a perceptible curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 49% against the previous year. The exports peaked at 2.6K units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, electrical musical instrument exports skyrocketed to $264K in 2022. Overall, exports recorded a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 121%. Over the period under review, the exports attained the maximum in 2022 and are likely to see gradual growth in the near future.

Export of Electrical Musical or Keyboard Instruments in Brazil (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	103	51.3	143	192	23.1%
Hong Kong SAR	2.1	11.6	2.7	19.7	110.9%
Japan	N/A	N/A	1.5	15.7	946.7%
Uruguay	N/A	N/A	N/A	4.6	0%
Italy	N/A	N/A	5.1	4.4	-13.7%
Chile	6.7	N/A	3.9	0.9	-48.8%
Paraguay	N/A	6.6	1.4	0.2	-82.6%
Argentina	7.3	N/A	N/A	N/A	0%
Others	21.0	6.8	11.4	26.5	8.1%
Total	140	76.4	169	264	23.5%

Top Export Markets for Electrical Musical or Keyboard Instruments from Brazil in 2022:

United States (1516.0 units)
Italy (192.0 units)
Japan (183.0 units)
Hong Kong SAR (161.0 units)
Uruguay (140.0 units)
Chile (50.0 units)
Paraguay (16.0 units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the electrical musical instrument market in Brazil. 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:

Brazil

Data coverage:

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