China - Electrical Musical Or Keyboard Instruments - Market Analysis, Forecast, Size, Trends And Insights
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View PricingElectrical Musical Instrument Price in China - 2023
Contents:
- Price Forecast for Electrical Musical Or Keyboard Instruments in China till 2025
- Electrical Musical Instrument Price in China (FOB) - 2023
- Electrical Musical Instrument Price in China (CIF) - 2023
- Electrical Musical Instrument Exports in China
- Electrical Musical Instrument Imports in China
Price Forecast for Electrical Musical Or Keyboard Instruments in China till 2025
Electrical Musical Instrument Price in China (FOB) - 2023
The average electrical musical instrument export price stood at $67.6 per unit in March 2023, reducing by -24.6% against the previous month. Overall, the export price recorded a noticeable shrinkage. The growth pace was the most rapid in November 2022 an increase of 62% m-o-m. Over the period under review, the average export prices reached the maximum at $93.5 per unit in March 2022; however, from April 2022 to March 2023, the export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In March 2023, the country with the highest price was Germany ($109 per unit), while the average price for exports to Mexico ($8.0 per unit) was amongst the lowest.
From March 2022 to March 2023, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+3.7%), while the prices for the other major destinations experienced more modest paces of growth.
Electrical Musical Instrument Price in China (CIF) - 2023
In March 2023, the average electrical musical instrument import price amounted to $551 per unit, almost unchanged from the previous month. Overall, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in October 2022 when the average import price increased by 28% m-o-m. As a result, import price attained the peak level of $624 per unit. From November 2022 to March 2023, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($1,247 per unit), while the price for India ($294 per unit) was amongst the lowest.
From March 2022 to March 2023, the most notable rate of growth in terms of prices was attained by Malaysia (+2.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Electrical Musical Instrument Exports in China
In 2022, electrical musical instrument exports from China expanded slightly to 57M units, with an increase of 2.2% on the previous year's figure. Over the period under review, exports posted a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 82% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.
In value terms, electrical musical instrument exports reduced to $857M in 2022. The total export value increased at an average annual rate of +10.8% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when exports increased by 22%. The exports peaked at $918M in 2021, and then reduced in the following year.
| Export of Electrical Musical or Keyboard Instruments in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 182 | 223 | 255 | 289 | 16.7% |
| Germany | 79.3 | 92.7 | 114 | 89.4 | 4.1% |
| Japan | 56.3 | 71.4 | 89.7 | 87.2 | 15.7% |
| Netherlands | 20.3 | 26.3 | 42.3 | 32.9 | 17.5% |
| South Korea | 21.0 | 26.1 | 35.1 | 32.8 | 16.0% |
| United Kingdom | 38.3 | 62.8 | 49.8 | 31.2 | -6.6% |
| France | 18.1 | 23.1 | 26.4 | 22.7 | 7.8% |
| Malaysia | 17.8 | 13.5 | 17.6 | 22.3 | 7.8% |
| Brazil | 13.0 | 16.0 | 20.3 | 20.4 | 16.2% |
| Australia | 12.1 | 17.9 | 18.8 | 18.4 | 15.0% |
| Canada | 11.3 | 15.7 | 15.5 | 18.1 | 17.0% |
| India | 15.6 | 13.0 | 19.1 | 14.5 | -2.4% |
| United Arab Emirates | 20.8 | 14.5 | 22.2 | N/A | 3.3% |
| Others | 124 | 153 | 192 | 178 | 12.8% |
| Total | 630 | 768 | 918 | 857 | 10.8% |
Top Export Markets for Electrical Musical or Keyboard Instruments from China in 2022:
- United States (20.3M units)
- Germany (6.7M units)
- Japan (5.0M units)
- South Korea (2.9M units)
- United Kingdom (2.1M units)
- Netherlands (1.6M units)
- France (1.6M units)
- Canada (1.2M units)
- Australia (1.2M units)
- Brazil (1.1M units)
- Malaysia (1.1M units)
- India (1.0M units)
Electrical Musical Instrument Imports in China
For the fourth consecutive year, China recorded growth in purchases abroad of electrical musical or keyboard instruments, which increased by 5.9% to 5.3M units in 2022. In general, total imports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +23.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +87.1% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 38%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the immediate term.
In value terms, electrical musical instrument imports soared to $127M in 2022. Over the period under review, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +17.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +68.7% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Electrical Musical or Keyboard Instruments in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 47.4 | 38.8 | 44.4 | 70.6 | 14.2% |
| Malaysia | 15.0 | 16.8 | 14.2 | 17.6 | 5.5% |
| United States | 4.1 | 6.3 | 8.2 | 17.1 | 61.0% |
| Mexico | 2.9 | 2.2 | 2.6 | 9.6 | 49.0% |
| Japan | 3.7 | 5.2 | 8.1 | 6.5 | 20.7% |
| Others | 4.8 | 5.7 | 15.4 | 5.2 | 2.7% |
| Total | 77.9 | 75.0 | 93.0 | 127 | 17.7% |
Top Suppliers of Electrical Musical or Keyboard Instruments to China in 2022:
- Indonesia (3975.5K units)
- Malaysia (981.6K units)
- Japan (93.3K units)
- Mexico (84.1K units)
- United States (84.0K units)
This report provides an in-depth analysis of the electrical musical instrument market in China. 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:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in China
- 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 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- 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 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- 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, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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This report provides an in-depth analysis of the electrical musical instrument market in China.
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This report provides an in-depth analysis of the global electrical musical instrument market.
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This report provides an in-depth analysis of the electrical musical instrument market in China.
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This report provides an in-depth analysis of the global electrical musical instrument market.
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In February 2023, the electrical musical instrument price was $89.6 per unit (FOB, China), with a notable 21% increase compared to the previous month.
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In February 2023, the electrical musical instrument price was $89.6 per unit (FOB, China), with a notable 21% increase compared to the previous month.
