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

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May 11, 2023

Electrical Musical Instrument Price in Spain - 2023

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

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Electrical Musical Instrument Price in Spain (CIF) - 2023

The average electrical musical instrument import price stood at $245 per unit in December 2022, with an increase of 3.2% against the previous month. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in September 2022 an increase of 30% m-o-m. The import price peaked at $335 per unit in April 2022; however, from May 2022 to December 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In December 2022, the country with the highest price was Indonesia ($601 per unit), while the price for China ($116 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 Indonesia (+6.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Electrical Musical Instrument Price in Spain (FOB) - 2023

In December 2022, the average electrical musical instrument export price amounted to $253 per unit, falling by -17.4% against the previous month. In general, the export price continues to indicate a perceptible decrease. The most prominent rate of growth was recorded in March 2022 when the average export price increased by 76% month-to-month. Over the period under review, the average export prices hit record highs at $365 per unit in January 2022; however, from February 2022 to December 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In December 2022, the country with the highest price was the United States ($884 per unit), while the average price for exports to the UK ($52.6 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 Singapore (+30.4%), while the prices for the other major destinations experienced more modest paces of growth.

Electrical Musical Instrument Imports in Spain

In 2022, supplies from abroad of electrical musical or keyboard instruments decreased by -11% to 1.9M units for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +6.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 19%. Imports peaked at 2.2M units in 2021, and then reduced in the following year.

In value terms, electrical musical instrument imports rose remarkably to $64M in 2022. The total import value increased at an average annual rate of +13.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when imports increased by 21% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to see gradual growth in the immediate term.

Import of Electrical Musical or Keyboard Instruments in Spain (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	10.5	17.0	15.6	14.0	10.1%
Indonesia	6.6	6.7	8.1	12.2	22.7%
Netherlands	5.8	6.2	8.1	10.7	22.6%
France	0.5	8.8	8.8	9.5	166.8%
China	10.5	6.4	10.4	8.6	-6.4%
Belgium	0.4	1.0	1.5	1.6	58.7%
Italy	1.8	1.5	1.5	1.4	-8.0%
Others	7.5	5.0	6.4	6.2	-6.1%
Total	43.5	52.7	60.3	64.1	13.8%

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

China (531.7K units)
France (404.7K units)
Indonesia (300.9K units)
Germany (277.1K units)
Netherlands (179.7K units)
Belgium (57.1K units)
Italy (50.3K units)

Electrical Musical Instrument Exports in Spain

In 2022, after three years of growth, there was significant decline in shipments abroad of electrical musical or keyboard instruments, when their volume decreased by -41.1% to 289K units. In general, exports, however, posted resilient growth. The pace of growth appeared the most rapid in 2020 with an increase of 60% against the previous year. Over the period under review, the exports hit record highs at 491K units in 2021, and then reduced sharply in the following year.

In value terms, electrical musical instrument exports fell remarkably to $13M in 2022. Over the period under review, exports, however, continue to indicate significant growth. The pace of growth was the most pronounced in 2020 when exports increased by 61% against the previous year. Over the period under review, the exports hit record highs at $16M in 2021, and then reduced sharply in the following year.

Export of Electrical Musical or Keyboard Instruments in Spain (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Italy	0.8	1.3	4.4	3.4	62.0%
United States	1.1	2.6	2.6	2.6	33.2%
Portugal	0.8	1.2	1.7	1.6	26.0%
France	1.5	1.8	2.4	1.4	-2.3%
Indonesia	N/A	N/A	0.1	0.7	600.0%
Singapore	1.0	1.2	1.3	0.6	-15.7%
United Kingdom	0.4	0.8	0.4	0.6	14.5%
Germany	0.7	1.1	1.1	0.3	-24.6%
Others	1.0	1.7	2.4	1.8	21.6%
Total	7.3	11.7	16.3	13.0	21.2%

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

Italy (148.2K units)
Portugal (38.8K units)
Singapore (24.4K units)
France (17.8K units)
United States (14.1K units)
Indonesia (11.9K units)
Germany (7.1K units)
United Kingdom (4.5K units)

Source: IndexBox Market Intelligence Platform

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

Spain

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Spain
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 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
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 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
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, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country Of Destination, 2012–2024