U.S. - Electrical Musical Or Keyboard Instruments - Market Analysis, Forecast, Size, Trends And Insights
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View PricingElectrical Musical Instrument Price in the United States - 2023
Contents:
- Price Forecast for Electrical Musical Or Keyboard Instruments in the United States till 2025
- Electrical Musical Instrument Price in the United States (CIF) - 2023
- Electrical Musical Instrument Price in the United States (FOB) - 2023
- Electrical Musical Instrument Imports in the United States
- Electrical Musical Instrument Exports in the United States
Price Forecast for Electrical Musical Or Keyboard Instruments in the United States till 2025
Electrical Musical Instrument Price in the United States (CIF) - 2023
The average electrical musical instrument import price stood at $259 per unit in March 2023, surging by 24% against the previous month. Overall, import price indicated a notable increase from March 2022 to March 2023: its price increased at an average monthly rate of +3.7% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on March 2023 figures, electrical musical instrument import price increased by +51.3% against January 2023 indices. The most prominent rate of growth was recorded in October 2022 an increase of 33% against the previous month. The import price peaked in March 2023.
There were significant differences in the average prices amongst the major supplying countries. In March 2023, the country with the highest price was Japan ($629 per unit), while the price for Vietnam ($137 per unit) was amongst the lowest.
From March 2022 to March 2023, the most notable rate of growth in terms of prices was attained by South Korea (+13.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Electrical Musical Instrument Price in the United States (FOB) - 2023
The average electrical musical instrument export price stood at $593 per unit in March 2023, declining by -5.8% against the previous month. Over the period from March 2022 to March 2023, it increased at an average monthly rate of +1.9%. The pace of growth appeared the most rapid in February 2023 an increase of 31% month-to-month. As a result, the export price attained the peak level of $629 per unit, and then dropped in the following month.
There were significant differences in the average prices for the major export markets. In March 2023, the country with the highest price was Japan ($1,181 per unit), while the average price for exports to Chile ($226 per unit) was amongst the lowest.
From March 2022 to March 2023, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+4.5%), while the prices for the other major destinations experienced more modest paces of growth.
Electrical Musical Instrument Imports in the United States
In 2022, imports of electrical musical or keyboard instruments into the United States soared to 36M units, with an increase of 19% on the year before. Over the period under review, imports recorded a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 36%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, electrical musical instrument imports soared to $777M in 2022. In general, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +12.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +59.1% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 28% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in the near future.
| Import of Electrical Musical or Keyboard Instruments in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 260 | 240 | 274 | 310 | 6.0% |
| Indonesia | 124 | 91.1 | 124 | 207 | 18.6% |
| Mexico | 41.2 | 38.2 | 63.9 | 70.5 | 19.6% |
| Malaysia | 36.8 | 32.5 | 49.3 | 65.4 | 21.1% |
| Japan | 24.5 | 26.0 | 28.0 | 29.7 | 6.6% |
| South Korea | 19.6 | 20.2 | 21.6 | 26.6 | 10.7% |
| Sweden | 15.0 | 12.9 | 21.7 | 25.6 | 19.5% |
| Others | 26.7 | 27.8 | 42.4 | 42.0 | 16.3% |
| Total | 548 | 489 | 625 | 777 | 12.3% |
Top Suppliers of Electrical Musical or Keyboard Instruments to the United States in 2022:
- China (20.6M units)
- Indonesia (7.3M units)
- Malaysia (2.7M units)
- Mexico (1.8M units)
- Japan (0.8M units)
- South Korea (0.7M units)
- Sweden (0.5M units)
Electrical Musical Instrument Exports in the United States
In 2022, shipments abroad of electrical musical or keyboard instruments was finally on the rise to reach 1.8M units for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, showed a precipitous contraction. The exports peaked at 3.7M units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, electrical musical instrument exports surged to $342M in 2022. Overall, total exports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +12.1% 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 +56.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 30% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in years to come.
| Export of Electrical Musical or Keyboard Instruments in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 65.9 | 55.1 | 77.2 | 85.1 | 8.9% |
| Canada | 42.7 | 44.4 | 55.3 | 68.8 | 17.2% |
| Japan | 31.4 | 27.7 | 33.5 | 35.1 | 3.8% |
| Australia | 12.2 | 13.0 | 22.4 | 31.3 | 36.9% |
| Hong Kong SAR | 10.3 | 8.2 | 8.0 | 21.2 | 27.2% |
| Mexico | 10.6 | 8.2 | 9.8 | 15.4 | 13.3% |
| United Kingdom | 11.8 | 10.9 | 13.6 | 14.8 | 7.8% |
| Germany | 12.1 | 13.6 | 15.4 | 14.8 | 6.9% |
| China | 5.0 | 5.0 | 10.9 | 9.8 | 25.1% |
| South Korea | 5.1 | 4.9 | 3.6 | 6.8 | 10.1% |
| Singapore | 4.5 | 2.7 | 3.4 | 4.4 | -0.7% |
| Others | 31.6 | 25.3 | 30.7 | 34.6 | 3.1% |
| Total | 243 | 219 | 284 | 342 | 12.1% |
Top Export Markets for Electrical Musical or Keyboard Instruments from the United States in 2022:
- Canada (437.6K units)
- Netherlands (437.6K units)
- Australia (165.4K units)
- Mexico (131.1K units)
- Germany (120.6K units)
- Japan (116.4K units)
- Hong Kong SAR (72.5K units)
- United Kingdom (68.0K units)
- China (48.0K units)
- South Korea (30.3K units)
- Singapore (18.7K units)
This report provides an in-depth analysis of the electrical musical instrument market in the U.S.. 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:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- 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 the U.S..
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This report provides an in-depth analysis of the global electrical musical instrument market.
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This report provides an in-depth analysis of the electrical musical instrument market in the U.S..
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This report provides an in-depth analysis of the global electrical musical instrument market.
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In terms of value, imports of Electrical Musical Instruments grew significantly to $41M in June 2023.
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In terms of value, imports of Electrical Musical Instruments grew significantly to $41M in June 2023.
