South Africa - Electrical Musical Or Keyboard Instruments - Market Analysis, Forecast, Size, Trends And Insights
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View PricingElectrical Musical Instrument Price in South Africa - 2023
Contents:
- Price Forecast for Electrical Musical Or Keyboard Instruments in South Africa till 2025
- Electrical Musical Instrument Price in South Africa (CIF) - 2023
- Electrical Musical Instrument Price in South Africa (FOB) - 2023
- Electrical Musical Instrument Imports in South Africa
- Electrical Musical Instrument Exports in South Africa
Price Forecast for Electrical Musical Or Keyboard Instruments in South Africa till 2025
Electrical Musical Instrument Price in South Africa (CIF) - 2023
The average electrical musical instrument import price stood at $198 per unit in February 2023, growing by 31% against the previous month. Over the period under review, the import price continues to indicate a prominent expansion. The pace of growth was the most pronounced in March 2022 an increase of 130% m-o-m. Over the period under review, average import prices reached the peak figure in February 2023.
Prices varied noticeably by the country of origin: the country with the highest price was Indonesia ($1,098 per unit), while the price for Japan ($7.2 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 Indonesia (+18.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Electrical Musical Instrument Price in South Africa (FOB) - 2023
In February 2023, the average electrical musical instrument export price amounted to $15.3 per unit, falling by -52.1% against the previous month. In general, the export price faced a sharp shrinkage. The growth pace was the most rapid in April 2022 when the average export price increased by 428% month-to-month. The export price peaked at $460 per unit in September 2022; however, from October 2022 to February 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In February 2023, the country with the highest price was Botswana ($167 per unit), while the average price for exports to China ($557 per thousand units) 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 Malawi (+7.9%), while the prices for the other major destinations experienced more modest paces of growth.
Electrical Musical Instrument Imports in South Africa
In 2022, the amount of electrical musical or keyboard instruments imported into South Africa shrank modestly to 193K units, with a decrease of -3.3% against the previous year's figure. Over the period under review, imports saw a abrupt curtailment. The most prominent rate of growth was recorded in 2021 when imports increased by 33% against the previous year. Imports peaked at 247K units in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, electrical musical instrument imports contracted slightly to $6.4M in 2022. Overall, imports saw a pronounced descent. The most prominent rate of growth was recorded in 2021 when imports increased by 45% against the previous year. Imports peaked at $7.5M in 2019; however, from 2020 to 2022, imports failed to regain momentum.
| Import of Electrical Musical or Keyboard Instruments in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 4,195 | 2,330 | 3,282 | 3,391 | -6.8% |
| Indonesia | 843 | 659 | 880 | 1,044 | 7.4% |
| Malaysia | 357 | 303 | 649 | 702 | 25.3% |
| India | 13.0 | 5.5 | 17.5 | 448 | 225.4% |
| United States | 357 | 257 | 629 | 415 | 5.1% |
| Japan | 228 | 97.3 | 161 | 138 | -15.4% |
| United Arab Emirates | 1,040 | 593 | 544 | 0.4 | -92.7% |
| Others | 443 | 323 | 460 | 304 | -11.8% |
| Total | 7,477 | 4,568 | 6,623 | 6,443 | -4.8% |
Top Suppliers of Electrical Musical or Keyboard Instruments to South Africa in 2022:
- United Arab Emirates (undefinedK units)
- China (109.5K units)
- Malaysia (23.9K units)
- Indonesia (21.9K units)
- India (18.1K units)
- United States (7.6K units)
- Japan (4.4K units)
Electrical Musical Instrument Exports in South Africa
For the fourth year in a row, South Africa recorded growth in shipments abroad of electrical musical or keyboard instruments, which increased by 98% to 34K units in 2022. Over the period under review, exports recorded a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, electrical musical instrument exports soared to $1.8M in 2022. Overall, exports enjoyed 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 South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 1.4 | N/A | N/A | 395 | 555.9% |
| Zimbabwe | 1.8 | 4.1 | 19.8 | 362 | 485.9% |
| United Arab Emirates | 3.1 | N/A | 3.6 | 280 | 348.7% |
| United States | 3.7 | 78.4 | 112 | 175 | 261.6% |
| Namibia | 158 | 119 | 104 | 141 | -3.7% |
| Botswana | 286 | 128 | 153 | 124 | -24.3% |
| Swaziland | 70.8 | 94.5 | 87.6 | 91.3 | 8.8% |
| Zambia | 30.1 | 15.1 | 20.8 | 27.7 | -2.7% |
| Democratic Republic of the Congo | 84.0 | 11.6 | 61.9 | 25.3 | -33.0% |
| Mozambique | 29.3 | 30.5 | 5.6 | 2.4 | -56.6% |
| Angola | 26.1 | 31.8 | 0.1 | 0.3 | -77.4% |
| Others | 127 | 161 | 235 | 145 | 4.5% |
| Total | 822 | 675 | 804 | 1,769 | 29.1% |
Top Export Markets for Electrical Musical or Keyboard Instruments from South Africa in 2022:
- Angola (undefinedK units)
- United Arab Emirates (9.2K units)
- Brazil (4.8K units)
- Zimbabwe (4.5K units)
- Namibia (3.7K units)
- Botswana (3.3K units)
- Swaziland (2.8K units)
- United States (2.4K units)
- Zambia (0.4K units)
- Democratic Republic of the Congo (0.3K units)
- Mozambique (0.1K units)
This report provides an in-depth analysis of the electrical musical instrument market in South Africa. 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:
- South Africa
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in South Africa
- 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 South Africa.
399
This report provides an in-depth analysis of the global electrical musical instrument market.
294
This report provides an in-depth analysis of the electrical musical instrument market in South Africa.
399
This report provides an in-depth analysis of the global electrical musical instrument market.
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