Turkey - Electrical Musical Or Keyboard Instruments - Market Analysis, Forecast, Size, Trends And Insights
Report Update: Jun 1, 2025

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

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May 11, 2023

Electrical Musical Instrument Price in Turkey - 2023

Contents:

  1. Price Forecast for Electrical Musical Or Keyboard Instruments in Turkey till 2025
  2. Electrical Musical Instrument Price in Turkey (CIF) - 2023
  3. Electrical Musical Instrument Price in Turkey (FOB) - 2023
  4. Electrical Musical Instrument Imports in Turkey
  5. 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)
COUNTRY2019202020212022CAGR,
2019-2022
China6.58.311.86.0-2.6%
Indonesia8.56.07.13.6-24.9%
United States0.50.50.90.921.6%
Malaysia0.70.61.70.98.7%
Mexico0.30.20.60.626.0%
South Korea0.20.30.60.314.5%
Others0.61.01.10.60.0%
Total17.416.923.812.9-9.5%

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

  1. China (434.6K units)
  2. Indonesia (205.2K units)
  3. Malaysia (61.6K units)
  4. Mexico (14.4K units)
  5. South Korea (12.9K units)
  6. 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)
COUNTRY2019202020212022CAGR,
2019-2022
Turkmenistan3.30.6462191286.8%
Azerbaijan15.16.161.086.679.0%
Germany26.54.119.752.325.4%
United Arab Emirates4.86.712.121.965.9%
Iraq0.24.239219.8362.6%
Libya5.71.78.211.827.4%
Iran1.2N/A2.71.814.5%
CameroonN/AN/A9.0N/A0%
Others42.614.916235.1-6.3%
Total99.438.41,12842061.7%

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

  1. Turkmenistan (19.5K units)
  2. Iraq (4.3K units)
  3. Azerbaijan (3.4K units)
  4. Libya (2.9K units)
  5. Germany (1.9K units)
  6. United Arab Emirates (1.5K units)
  7. Iran (0.7K units)

Source: IndexBox Market Intelligence Platform

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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND THE AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDSThis Chapter is Available Only for the Professional EditionPRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and its Prospects

    1. MARKET SIZE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
    2. MARKET STRUCTURE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
    3. TRADE BALANCE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
    4. PER CAPITA CONSUMPTION: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
    5. MARKET FORECAST TO 2035
  4. 4. MOST PROMISING PRODUCTS FOR DIVERSIFICATION

    Finding New Products to Diversify Your Business

    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCTS
    4. MOST TRADED PRODUCTS
    5. MOST PROFITABLE PRODUCTS FOR EXPORTS
  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Export

    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
    2. IMPORTS BY COUNTRY: HISTORICAL DATA (2012–2024)
    3. IMPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2024)
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
    2. EXPORTS BY COUNTRY: HISTORICAL DATA (2012–2024)
    3. EXPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2024)
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

  11. LIST OF TABLES

    1. Key Findings In 2024
    2. Market Volume, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    3. Market Value: Historical Data (2012–2024) and Forecast (2025–2035)
    4. Per Capita Consumption: Historical Data (2012–2024) and Forecast (2025–2035)
    5. Imports, In Physical Terms, By Country, 2012–2024
    6. Imports, In Value Terms, By Country, 2012–2024
    7. Import Prices, By Country, 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, 2012–2024
  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    2. Market Value: Historical Data (2012–2024) and Forecast (2025–2035)
    3. Market Structure – Domestic Supply vs. Imports, in Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    4. Market Structure – Domestic Supply vs. Imports, in Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    5. Trade Balance, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    6. Trade Balance, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    7. Per Capita Consumption: Historical Data (2012–2024) and Forecast (2025–2035)
    8. Market Volume Forecast to 2035
    9. Market Value Forecast to 2035
    10. Market Size and Growth, By Product
    11. Average Per Capita Consumption, By Product
    12. Exports and Growth, By Product
    13. Export Prices and Growth, By Product
    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: Historical Data (2012–2024) and Forecast (2025–2035)
    22. Production, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    23. Imports, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    24. Imports, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    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, 2012–2024
    29. Exports, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    30. Exports, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    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, 2012–2024
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