Turkey - Electrical Musical Or Keyboard Instruments - Market Analysis, Forecast, Size, Trends And Insights
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View PricingElectrical Musical Instrument Price in Turkey - 2023
Contents:
- Price Forecast for Electrical Musical Or Keyboard Instruments in Turkey till 2025
- Electrical Musical Instrument Price in Turkey (CIF) - 2023
- Electrical Musical Instrument Price in Turkey (FOB) - 2023
- Electrical Musical Instrument Imports in Turkey
- Electrical Musical Instrument Exports in Turkey
Price Forecast for Electrical Musical Or Keyboard Instruments in Turkey till 2025
Electrical Musical Instrument Price in Turkey (CIF) - 2023
In January 2023, the average electrical musical instrument import price amounted to $159 per unit, rising by 14% against the previous month. Overall, the import price posted a notable increase. The pace of growth appeared the most rapid in March 2022 when the average import price increased by 375% against the previous month. The import price peaked at $238 per unit in May 2022; however, from June 2022 to January 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In January 2023, the country with the highest price was Indonesia ($469 per unit), while the price for China ($86.8 per unit) was amongst the lowest.
From January 2022 to January 2023, the most notable rate of growth in terms of prices was attained by China (+4.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Electrical Musical Instrument Price in Turkey (FOB) - 2023
The average electrical musical instrument export price stood at $186 per unit in January 2023, surging by 9.3% against the previous month. Overall, the export price saw a perceptible increase. The pace of growth appeared the most rapid in February 2022 when the average export price increased by 400% month-to-month. As a result, the export price reached the peak level of $530 per unit. From March 2022 to January 2023, the the average export prices remained at a lower figure.
Average prices varied noticeably for the major export markets. In January 2023, the country with the highest price was Russia ($186 per unit), while the average price for exports to Iran stood at $167 per unit.
From January 2022 to January 2023, the most notable rate of growth in terms of prices was recorded for supplies to Iran (+17.5%).
Electrical Musical Instrument Imports in Turkey
In 2022, the amount of electrical musical or keyboard instruments imported into Turkey declined significantly to 757K units, waning by -54.6% compared with 2021. Over the period under review, imports continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2021 with an increase of 25% against the previous year. As a result, imports reached the peak of 1.7M units, and then dropped dramatically in the following year.
In value terms, electrical musical instrument imports shrank markedly to $13M in 2022. In general, imports continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2021 with an increase of 41%. As a result, imports attained the peak of $24M, and then dropped remarkably in the following year.
| Import of Electrical Musical or Keyboard Instruments in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 6.5 | 8.3 | 11.8 | 6.0 | -2.6% |
| Indonesia | 8.5 | 6.0 | 7.1 | 3.6 | -24.9% |
| United States | 0.5 | 0.5 | 0.9 | 0.9 | 21.6% |
| Malaysia | 0.7 | 0.6 | 1.7 | 0.9 | 8.7% |
| Mexico | 0.3 | 0.2 | 0.6 | 0.6 | 26.0% |
| South Korea | 0.2 | 0.3 | 0.6 | 0.3 | 14.5% |
| Others | 0.6 | 1.0 | 1.1 | 0.6 | 0.0% |
| Total | 17.4 | 16.9 | 23.8 | 12.9 | -9.5% |
Top Suppliers of Electrical Musical or Keyboard Instruments to Turkey in 2022:
- China (434.6K units)
- Indonesia (205.2K units)
- Malaysia (61.6K units)
- Mexico (14.4K units)
- South Korea (12.9K units)
- United States (12.5K units)
Electrical Musical Instrument Exports in Turkey
Electrical musical instrument exports from Turkey fell markedly to 35K units in 2022, which is down by -57.2% compared with the year before. Overall, exports, however, enjoyed a significant expansion. The growth pace was the most rapid in 2021 with an increase of 1,998%. As a result, the exports attained the peak of 82K units, and then dropped sharply in the following year.
In value terms, electrical musical instrument exports reduced rapidly to $420K in 2022. In general, exports, however, recorded a significant expansion. The growth pace was the most rapid in 2021 when exports increased by 2,841%. As a result, the exports reached the peak of $1.1M, and then shrank dramatically in the following year.
| Export of Electrical Musical or Keyboard Instruments in Turkey (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkmenistan | 3.3 | 0.6 | 462 | 191 | 286.8% |
| Azerbaijan | 15.1 | 6.1 | 61.0 | 86.6 | 79.0% |
| Germany | 26.5 | 4.1 | 19.7 | 52.3 | 25.4% |
| United Arab Emirates | 4.8 | 6.7 | 12.1 | 21.9 | 65.9% |
| Iraq | 0.2 | 4.2 | 392 | 19.8 | 362.6% |
| Libya | 5.7 | 1.7 | 8.2 | 11.8 | 27.4% |
| Iran | 1.2 | N/A | 2.7 | 1.8 | 14.5% |
| Cameroon | N/A | N/A | 9.0 | N/A | 0% |
| Others | 42.6 | 14.9 | 162 | 35.1 | -6.3% |
| Total | 99.4 | 38.4 | 1,128 | 420 | 61.7% |
Top Export Markets for Electrical Musical or Keyboard Instruments from Turkey in 2022:
- Turkmenistan (19.5K units)
- Iraq (4.3K units)
- Azerbaijan (3.4K units)
- Libya (2.9K units)
- Germany (1.9K units)
- United Arab Emirates (1.5K units)
- Iran (0.7K units)
This report provides an in-depth analysis of the electrical musical instrument market in Turkey. 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:
- Turkey
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Turkey
- 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 Turkey.
399
This report provides an in-depth analysis of the global electrical musical instrument market.
268
This report provides an in-depth analysis of the electrical musical instrument market in Turkey.
399
This report provides an in-depth analysis of the global electrical musical instrument market.
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