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

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May 11, 2023

Electrical Musical Instrument Price in Germany - 2023

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

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Electrical Musical Instrument Price in Germany (CIF) - 2023

The average electrical musical instrument import price stood at $299 per unit in December 2022, increasing by 8% against the previous month. Over the last eleven months, it increased at an average monthly rate of +1.8%. The most prominent rate of growth was recorded in February 2022 an increase of 25% month-to-month. Over the period under review, average import prices attained the maximum at $344 per unit in April 2022; however, from May 2022 to December 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In December 2022, the country with the highest price was Indonesia ($530 per unit), while the price for China ($160 per unit) was amongst the lowest.

From January 2022 to December 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+3.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Electrical Musical Instrument Price in Germany (FOB) - 2023

In December 2022, the average electrical musical instrument export price amounted to $352 per unit, reducing by -9.9% against the previous month. Overall, the export price recorded a pronounced shrinkage. The most prominent rate of growth was recorded in June 2022 when the average export price increased by 3.3% m-o-m. The export price peaked at $475 per unit in March 2022; however, from April 2022 to December 2022, the export prices remained at a lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Switzerland ($579 per unit), while the average price for exports to Italy ($222 per unit) was amongst the lowest.

From January 2022 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (-0.5%), while the prices for the other major destinations experienced a decline.

Electrical Musical Instrument Imports in Germany

In 2022, after three years of growth, there was significant decline in overseas purchases of electrical musical or keyboard instruments, when their volume decreased by -15.3% to 15M units. Overall, imports continue to indicate a slight contraction. The pace of growth was the most pronounced in 2020 when imports increased by 7.2%. Imports peaked at 18M units in 2021, and then reduced rapidly in the following year.

In value terms, electrical musical instrument imports fell slightly to $416M in 2022. The total import value increased at an average annual rate of +8.4% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 16%. As a result, imports attained the peak of $419M, leveling off in the following year.

Import of Electrical Musical or Keyboard Instruments in Germany (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	122	112	128	131	2.4%
Indonesia	92.6	63.7	78.3	99.0	2.3%
Netherlands	36.9	84.8	115	96.4	37.7%
Belgium	0.8	7.2	8.9	9.6	128.9%
Poland	1.5	4.1	6.6	4.6	45.3%
United Kingdom	10.1	22.9	2.3	1.9	-42.7%
Others	62.7	65.3	79.3	73.6	5.5%
Total	326	360	419	416	8.5%

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

United Kingdom (undefinedM units)
China (7.0M units)
Indonesia (4.2M units)
Netherlands (2.6M units)
Belgium (0.3M units)
Poland (0.2M units)

Electrical Musical Instrument Exports in Germany

Electrical musical instrument exports from Germany skyrocketed to 8M units in 2022, picking up by 17% compared with 2021 figures. The total export volume increased at an average annual rate of +4.3% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, electrical musical instrument exports surged to $323M in 2022. In general, exports saw a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Export of Electrical Musical or Keyboard Instruments in Germany (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
France	18.5	21.1	20.0	50.3	39.6%
Netherlands	15.4	19.3	18.5	27.0	20.6%
Austria	11.4	12.5	13.9	21.3	23.2%
United Kingdom	8.9	14.1	16.4	20.7	32.5%
Switzerland	14.8	13.2	14.4	17.4	5.5%
Spain	6.1	7.0	9.2	17.2	41.3%
Italy	7.3	9.5	12.4	16.6	31.5%
Poland	10.7	10.7	14.5	16.6	15.8%
Sweden	5.5	6.7	10.5	15.4	40.9%
Belgium	7.3	9.2	8.8	13.2	21.8%
Czech Republic	7.9	7.0	8.7	9.9	7.8%
Finland	4.5	3.9	4.2	9.7	29.2%
Turkey	5.2	2.7	2.9	5.1	-0.6%
Others	52.8	44.6	56.9	82.5	16.0%
Total	176	182	211	323	22.4%

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

France (1293.3K units)
Netherlands (696.9K units)
Austria (555.1K units)
Poland (519.4K units)
Italy (479.2K units)
Spain (469.9K units)
Sweden (444.5K units)
Switzerland (359.2K units)
Turkey (324.9K units)
Belgium (321.7K units)
United Kingdom (276.7K units)
Czech Republic (268.1K units)
Finland (233.0K units)

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:

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