Report Update Nov 1, 2024

Colombia - Keyboard Stringed Instruments - Market Analysis, Forecast, Size, Trends and Insights

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Colombia: Keyboard Stringed Instrument Market 2024

Keyboard Stringed Instrument Exports

Exports from Colombia

In 2021, overseas shipments of keyboard stringed instruments decreased by 0% to X units, falling for the second consecutive year after two years of growth. Overall, exports continue to indicate a abrupt contraction. The pace of growth was the most pronounced in 2014 when exports increased by 500% against the previous year. As a result, the exports attained the peak of X units. From 2015 to 2021, the growth of the exports failed to regain momentum.

In value terms, keyboard stringed instrument exports soared to $X in 2021. Over the period under review, exports recorded a dramatic curtailment. The pace of growth appeared the most rapid in 2018 when exports increased by 7,705%. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

From 2012 to 2022, the average annual growth rate of volume to No country was relatively modest.

In value terms, the Dominican Republic ($X) remains the key foreign market for keyboard stringed instruments exports from Colombia, comprising 37% of total exports. The second position in the ranking was taken by Guatemala ($X), with an 11% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the Dominican Republic stood at -2.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guatemala (-19.7% per year) and Costa Rica (-22.3% per year).

Export Prices by Country

The average keyboard stringed instrument export price stood at $X per unit in 2022, increasing by 770% against the previous year. Over the period under review, the export price, however, recorded a drastic downturn. The export price peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Costa Rica ($X per unit), while the average price for exports to the Dominican Republic ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Dominican Republic (-2.2%), while the prices for the other major destinations experienced a decline.

Keyboard Stringed Instrument Imports

Imports into Colombia

In 2022, overseas purchases of keyboard stringed instruments were finally on the rise to reach X units for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, continue to indicate a abrupt contraction. Over the period under review, imports hit record highs at X units in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, keyboard stringed instrument imports soared to $X in 2022. Over the period under review, imports, however, faced a deep slump. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

Panama (X units), China (X units) and the Philippines (X units) were the main suppliers of keyboard stringed instrument imports to Colombia, with a combined 71% share of total imports. Moreover, keyboard stringed instrument imports in Panama exceeded the figures recorded by the second-largest supplier, China, twofold.

From 2012 to 2022, the biggest increases were recorded for Panama (with a CAGR of +4.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Panama ($X) constituted the largest supplier of keyboard stringed instruments to Colombia, comprising 76% of total imports. The second position in the ranking was held by China ($X), with a 7.4% share of total imports. It was followed by the Philippines, with a 5% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Panama stood at +2.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-34.2% per year) and the Philippines (0.0% per year).

Import Prices by Country

The average keyboard stringed instrument import price stood at $X per unit in 2022, waning by -26.1% against the previous year. Overall, the import price saw a pronounced decline. The most prominent rate of growth was recorded in 2021 when the average import price increased by 58%. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Panama ($X per unit), while the price for Hong Kong SAR ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Panama (-0.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for keyboard stringed instruments in the world?

The countries with the highest volumes of in 2021 were South Korea, Indonesia and Japan, with a combined 78% share of global consumption.

What are the largest producers of keyboard stringed instruments in the world?

The countries with the highest volumes of in 2021 were South Korea, Indonesia and Japan, with a combined 87% share of global production. The United Arab Emirates and the UK lagged somewhat behind, together comprising a further 4.1%.

What are the leading suppliers of keyboard stringed instruments to Colombia?

In value terms, Panama constituted the largest supplier of keyboard stringed instrument to Colombia, comprising 81% of total imports. The second position in the ranking was occupied by China, with a 10% share of total imports.

What are the leading importers of keyboard stringed instruments from Colombia?

In value terms, Guatemala $694), the Dominican Republic $518) and Costa Rica $61) appeared to be the largest markets for keyboard stringed instrument exported from Colombia worldwide, together comprising 94% of total exports.

What is the average export price for keyboard stringed instruments in Colombia?

In 2021, the average keyboard stringed instrument export price amounted to $1,736 per ton, waning by -42.1% against the previous year.

What is the average import price for keyboard stringed instruments in Colombia?

The average keyboard stringed instrument import price stood at $16,290 per ton in 2021, growing by 9.2% against the previous year.

This report provides an in-depth analysis of the keyboard stringed instrument market in Colombia. 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 32201150 - Keyboard stringed instruments (including harpsichords, s pinets and clavichords)

Country coverage:

Colombia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Colombia
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 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
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 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
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, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023