MERCOSUR: Electrical Musical Instrument Market 2024

Electrical Musical Instrument Exports

Exports in MERCOSUR

In 2022, approx. X units of electrical musical or keyboard instruments were exported in MERCOSUR; dropping by X% against 2021 figures. Over the period under review, exports saw a abrupt contraction. The pace of growth appeared the most rapid in 2017 when exports increased by X% against the previous year. The volume of export peaked at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, electrical musical instrument exports expanded sharply to $X in 2022. Overall, exports showed a abrupt decline. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Chile dominates exports structure, resulting at X units, which was near X% of total exports in 2022. Brazil (X units) took an X% share (based on physical terms) of total exports, which put it in second place, followed by Uruguay (X%). Peru (X units) and Paraguay (X units) held a little share of total exports.

From 2012 to 2022, average annual rates of growth with regard to electrical musical instrument exports from Chile stood at X%. At the same time, Paraguay (X%) and Brazil (X%) displayed positive paces of growth. Moreover, Paraguay emerged as the fastest-growing exporter exported in MERCOSUR, with a CAGR of X% from 2012-2022. By contrast, Peru (X%) and Uruguay (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Brazil, Uruguay, Paraguay, Peru and Chile increased by X, X, X, X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Chile ($X) remains the largest electrical musical instrument supplier in MERCOSUR, comprising X% of total exports. The second position in the ranking was held by Brazil ($X), with a X% share of total exports. It was followed by Paraguay, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Chile totaled X%. In the other countries, the average annual rates were as follows: Brazil (X% per year) and Paraguay (X% per year).

Export Prices by Country

In 2022, the export price in MERCOSUR amounted to $X per unit, surging by X% against the previous year. Export price indicated buoyant growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, electrical musical instrument export price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. The level of export peaked in 2022 and is likely to see gradual growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Chile ($X per unit), while Uruguay ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Paraguay (X%), while the other leaders experienced more modest paces of growth.

Electrical Musical Instrument Imports

Imports in MERCOSUR

In 2022, after two years of growth, there was decline in purchases abroad of electrical musical or keyboard instruments, when their volume decreased by X% to X units. Overall, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of X%. The volume of import peaked at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, electrical musical instrument imports stood at $X in 2022. In general, imports recorded a slight slump. The most prominent rate of growth was recorded in 2021 when imports increased by X%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Brazil (X units) and Chile (X units) represented the major importers of electrical musical or keyboard instruments in MERCOSUR, together resulting at near X% of total imports. It was distantly followed by Argentina (X units), Peru (X units) and Colombia (X units), together making up a X% share of total imports. Ecuador (X units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Chile (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest electrical musical instrument importing markets in MERCOSUR were Brazil ($X), Chile ($X) and Peru ($X), together accounting for X% of total imports.

Among the main importing countries, Peru, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in MERCOSUR amounted to $X per unit, rising by X% against the previous year. Over the period under review, the import price, however, recorded a slight setback. The growth pace was the most rapid in 2021 an increase of X% against the previous year. The level of import peaked at $X per unit in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Ecuador ($X per unit), while Argentina ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Peru (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform