Hong Kong SAR, China - Electrical Musical Or Keyboard Instruments - Market Analysis, Forecast, Size, Trends And Insights
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View PricingElectrical Musical Instrument Price in Hong Kong SAR - 2023
Contents:
- Price Forecast for Electrical Musical Or Keyboard Instruments in Hong Kong SAR till 2025
- Electrical Musical Instrument Price in Hong Kong SAR (CIF) - 2023
- Electrical Musical Instrument Price in Hong Kong SAR (FOB) - 2023
- Electrical Musical Instrument Imports in Hong Kong SAR
- Electrical Musical Instrument Exports in Hong Kong SAR
Price Forecast for Electrical Musical Or Keyboard Instruments in Hong Kong SAR till 2025
Electrical Musical Instrument Price in Hong Kong SAR (CIF) - 2023
In January 2023, the average electrical musical instrument import price amounted to $387 per unit, increasing by 84% against the previous month. In general, the import price saw a strong increase. The most prominent rate of growth was recorded in December 2022 when the average import price increased by 251% m-o-m. Over the period under review, average import prices reached the maximum in January 2023.
There were significant differences in the average prices amongst the major supplying countries. In January 2023, the country with the highest price was the United States ($1,234 per unit), while the price for China ($122 per unit) was amongst the lowest.
From February 2022 to January 2023, the most notable rate of growth in terms of prices was attained by China (+2.4%), while the prices for the other major suppliers experienced mixed trend patterns.
Electrical Musical Instrument Price in Hong Kong SAR (FOB) - 2023
The average electrical musical instrument export price stood at $259 per unit in January 2023, picking up by 18% against the previous month. Over the period under review, the export price continues to indicate resilient growth. The most prominent rate of growth was recorded in March 2022 when the average export price increased by 106% month-to-month. Over the period under review, the average export prices reached the maximum in January 2023.
Prices varied noticeably by the country of destination: the country with the highest price was China ($872 per unit), while the average price for exports to India ($34.9 per unit) was amongst the lowest.
From February 2022 to January 2023, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+15.0%), while the prices for the other major destinations experienced more modest paces of growth.
Electrical Musical Instrument Imports in Hong Kong SAR
Electrical musical instrument imports into Hong Kong SAR skyrocketed to 2.8M units in 2022, with an increase of 27% against the previous year's figure. Over the period under review, imports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2021 when imports increased by 172% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to continue growth in the immediate term.
In value terms, electrical musical instrument imports skyrocketed to $77M in 2022. Overall, imports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 138% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in years to come.
| Import of Electrical Musical or Keyboard Instruments in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 10.6 | 12.1 | 43.0 | 53.5 | 71.5% |
| United States | 7.2 | 6.0 | 8.3 | 11.1 | 15.5% |
| Indonesia | 3.0 | 2.7 | 3.4 | 4.3 | 12.7% |
| Malaysia | 1.9 | 2.3 | 2.9 | 3.7 | 24.9% |
| Japan | 1.2 | 1.4 | 1.6 | 2.1 | 20.5% |
| Others | 1.7 | 1.2 | 1.8 | 2.6 | 15.2% |
| Total | 25.5 | 25.6 | 61.0 | 77.2 | 44.7% |
Top Suppliers of Electrical Musical or Keyboard Instruments to Hong Kong SAR in 2022:
- China (2181.4K units)
- United States (159.1K units)
- Indonesia (158.7K units)
- Malaysia (153.6K units)
- Japan (46.2K units)
Electrical Musical Instrument Exports in Hong Kong SAR
In 2022, approx. 1M units of electrical musical or keyboard instruments were exported from Hong Kong SAR; declining by -10.9% compared with 2021 figures. Over the period under review, exports, however, showed a significant increase. The growth pace was the most rapid in 2021 with an increase of 207% against the previous year. As a result, the exports reached the peak of 1.2M units, and then fell in the following year.
In value terms, electrical musical instrument exports skyrocketed to $54M in 2022. In general, exports, however, saw significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 168% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the immediate term.
| Export of Electrical Musical or Keyboard Instruments in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 6.4 | 6.5 | 6.0 | 22.5 | 52.1% |
| United States | 3.5 | 4.5 | 19.0 | 17.1 | 69.7% |
| Germany | 0.7 | 0.7 | 6.8 | 5.7 | 101.2% |
| Netherlands | 0.1 | 0.2 | 1.0 | 0.8 | 100.0% |
| Malaysia | 0.8 | 0.4 | 1.0 | 0.8 | 0.0% |
| Brazil | 0.3 | N/A | 0.8 | 0.7 | 32.6% |
| Singapore | N/A | 0.3 | 0.9 | 0.7 | 52.8% |
| India | 0.5 | 1.1 | 0.8 | 0.7 | 11.9% |
| Taiwan (Chinese) | N/A | 0.1 | 0.7 | 0.6 | 144.9% |
| Japan | 1.0 | 0.1 | 0.4 | 0.4 | -26.3% |
| Belgium | 1.1 | N/A | 0.5 | 0.4 | -28.6% |
| Others | 2.8 | 2.6 | 6.6 | 3.4 | 6.7% |
| Total | 17.2 | 16.5 | 44.3 | 53.8 | 46.2% |
Top Export Markets for Electrical Musical or Keyboard Instruments from Hong Kong SAR in 2022:
- United States (444.9K units)
- China (202.3K units)
- Germany (157.1K units)
- Malaysia (22.0K units)
- Netherlands (21.7K units)
- Singapore (19.8K units)
- Brazil (18.7K units)
- India (18.2K units)
- Taiwan (Chinese) (16.7K units)
- Belgium (12.2K units)
- Japan (11.2K units)
This report provides an in-depth analysis of the electrical musical instrument market in Hong Kong SAR, 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:
- Hong Kong SAR
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Hong Kong SAR, 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 Hong Kong SAR, China.
399
This report provides an in-depth analysis of the global electrical musical instrument market.
204
This report provides an in-depth analysis of the electrical musical instrument market in Hong Kong SAR, China.
399
This report provides an in-depth analysis of the global electrical musical instrument market.
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