Report Update: Nov 1, 2024

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

Single report

Sent by email within 24h (Mon-Fri)

$599 Basic Edition

$2095 Professional Edition

What's the difference?

Subscription

Online access and download

from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing

May 11, 2023

Electrical Musical Instrument Price in Japan - 2023

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

Get access

Electrical Musical Instrument Price in Japan (CIF) - 2023

The average electrical musical instrument import price stood at $426 per unit in February 2023, with a decrease of -3.4% against the previous month. In general, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2022 when the average import price increased by 2.3% against the previous month. The import price peaked at $451 per unit in November 2022; however, from December 2022 to February 2023, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In February 2023, the highest price was recorded for prices from Malaysia ($481 per unit) and Indonesia ($457 per unit), while the price for Taiwan (Chinese) ($380 per unit) and Germany ($380 per unit) were amongst the lowest.

From February 2022 to February 2023, the most notable rate of growth in terms of prices was attained by Malaysia (+0.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Electrical Musical Instrument Price in Japan (FOB) - 2023

In February 2023, the average electrical musical instrument export price amounted to $617 per unit, therefore, remained relatively stable against the previous month. In general, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in June 2022 an increase of 0.8% against the previous month. As a result, the export price attained the peak level of $663 per unit. From July 2022 to February 2023, the the average export prices failed to regain momentum.

Average prices varied noticeably for the major foreign markets. In February 2023, the countries with the highest prices were Vietnam ($662 per unit) and South Korea ($638 per unit), while the average price for exports to Australia ($597 per unit) and the UK ($599 per unit) were amongst the lowest.

From February 2022 to February 2023, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (-0.3%), while the prices for the other major destinations experienced a decline.

Electrical Musical Instrument Imports in Japan

In 2022, the amount of electrical musical or keyboard instruments imported into Japan fell sharply to 9.6M units, waning by -21.7% compared with the previous year. In general, imports showed a deep reduction. The growth pace was the most rapid in 2021 when imports increased by 13% against the previous year. As a result, imports reached the peak of 12M units, and then declined significantly in the following year.

In value terms, electrical musical instrument imports shrank to $170M in 2022. Over the period under review, imports recorded a mild decline. The growth pace was the most rapid in 2021 when imports increased by 14%. As a result, imports attained the peak of $191M, and then declined in the following year.

Import of Electrical Musical or Keyboard Instruments in Japan (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	68.4	74.3	84.7	71.3	1.4%
Indonesia	42.6	36.5	44.4	37.6	-4.1%
United States	33.7	28.1	29.7	30.6	-3.2%
Malaysia	18.8	17.5	16.9	14.9	-7.5%
Others	13.6	11.9	15.3	15.8	5.1%
Total	177	168	191	170	-1.3%

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

China (5.0M units)
Indonesia (3.2M units)
Malaysia (1.1M units)
United States (0.1M units)

Electrical Musical Instrument Exports in Japan

In 2022, the amount of electrical musical or keyboard instruments exported from Japan declined to 2.7M units, reducing by -6.6% on the previous year's figure. In general, exports saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by 23% against the previous year. As a result, the exports attained the peak of 2.9M units, and then shrank in the following year.

In value terms, electrical musical instrument exports expanded remarkably to $90M in 2022. Over the period under review, total exports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +12.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +46.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 31%. The exports peaked in 2022 and are likely to see gradual growth in years to come.

Export of Electrical Musical or Keyboard Instruments in Japan (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	20.6	20.6	28.5	32.1	15.9%
China	3.7	5.0	8.5	9.5	36.9%
Germany	6.1	6.5	6.5	7.5	7.1%
Vietnam	5.2	3.2	4.3	3.4	-13.2%
United Kingdom	2.1	1.9	2.8	3.3	16.3%
Australia	1.7	1.5	2.6	3.2	23.5%
Russia	1.6	1.8	2.3	2.9	21.9%
France	2.4	2.4	2.5	2.5	1.4%
South Korea	2.0	1.5	2.2	2.4	6.3%
Singapore	1.1	0.8	1.4	1.5	10.9%
United Arab Emirates	1.0	0.9	1.1	0.9	-3.5%
Others	15.7	15.2	17.5	20.2	8.8%
Total	63.0	61.4	80.3	89.6	12.5%

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

Vietnam (1163.0K units)
United States (368.9K units)
China (148.0K units)
Germany (111.3K units)
Russia (104.4K units)
France (89.0K units)
United Arab Emirates (78.0K units)
Singapore (46.6K units)
South Korea (44.6K units)
Australia (42.8K units)
United Kingdom (42.2K units)

Source: IndexBox Market Intelligence Platform

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

Japan

Data coverage:

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