Report Update Nov 1, 2024

Myanmar - Electrical Musical or Keyboard Instruments - Market Analysis, Forecast, Size, Trends and Insights

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Myanmar: Electrical Musical Instrument Market 2024

Electrical Musical Instrument Market Size in Myanmar

The Myanmar's electrical musical instrument market declined modestly to $X in 2022, standing approx. at the previous year. In general, consumption recorded a abrupt curtailment. Electrical musical instrument consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Electrical Musical Instrument Production in Myanmar

In value terms, electrical musical instrument production expanded modestly to $X in 2022 estimated in export price. In general, production, however, continues to indicate a abrupt slump. The pace of growth appeared the most rapid in 2016 when the production volume increased by X% against the previous year. Electrical musical instrument production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Electrical Musical Instrument Exports

Exports from Myanmar

After two years of growth, overseas shipments of electrical musical or keyboard instruments decreased by X% to X units in 2022. In general, exports, however, posted a significant increase. The growth pace was the most rapid in 2021 when exports increased by X%. As a result, the exports reached the peak of X units, and then fell rapidly in the following year.

In value terms, electrical musical instrument exports fell markedly to $X in 2022. Overall, exports, however, saw a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, the exports reached the peak of $X, and then dropped significantly in the following year.

Exports by Country

Nepal (X units) and Thailand (X units) were the main destinations of electrical musical instrument exports from Myanmar.

From 2018 to 2022, the biggest increases were recorded for Thailand (with a CAGR of X%).

In value terms, Thailand ($X) emerged as the key foreign market for electrical musical or keyboard instruments exports from Myanmar, comprising X% of total exports. The second position in the ranking was held by Nepal ($X), with a X% share of total exports.

From 2018 to 2022, the average annual rate of growth in terms of value to Thailand amounted to X%.

Export Prices by Country

The average electrical musical instrument export price stood at $X per unit in 2022, approximately reflecting the previous year. Overall, the export price, however, continues to indicate a significant curtailment. The export price peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Thailand ($X per unit), while the average price for exports to Nepal amounted to $X per unit.

From 2018 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (X%).

Electrical Musical Instrument Imports

Imports into Myanmar

In 2022, purchases abroad of electrical musical or keyboard instruments decreased by X% to X units, falling for the third year in a row after four years of growth. Over the period under review, imports, however, recorded a remarkable increase. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. Imports peaked at X units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, electrical musical instrument imports contracted sharply to $X in 2022. Overall, imports, however, showed a temperate increase. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

China (X units), Indonesia (X units) and India (X units) were the main suppliers of electrical musical instrument imports to Myanmar, together comprising X% of total imports.

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

In value terms, Indonesia ($X), China ($X) and Japan ($X) constituted the largest electrical musical instrument suppliers to Myanmar, together accounting for X% of total imports.

In terms of the main suppliers, Japan, 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

The average electrical musical instrument import price stood at $X per unit in 2022, increasing by X% against the previous year. Overall, the import price, however, continues to indicate a deep slump. The most prominent rate of growth was recorded in 2018 when the average import price increased by X%. Over the period under review, average import prices reached the peak figure at $X per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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 Japan ($X per unit), while the price for Thailand ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for electrical musical or keyboard instruments in the world?

The countries with the highest volumes of in 2021 were China, the United States and the Netherlands, together comprising 33% of global consumption.

What are the largest producers of electrical musical or keyboard instruments in the world?

China constituted the country with the largest volume of electrical musical instrument production, comprising approx. 38% of total volume. Moreover, electrical musical instrument production in China exceeded the figures recorded by the second-largest producer, Indonesia, threefold. The Netherlands ranked third in terms of total production with a 10% share.

What are the leading suppliers of electrical musical or keyboard instruments to Myanmar?

In value terms, China constituted the largest supplier of electrical musical instrument to Myanmar, comprising 70% of total imports. The second position in the ranking was occupied by Indonesia, with a 20% share of total imports. It was followed by Japan, with a 7.3% share.

What are the leading importers of electrical musical or keyboard instruments from Myanmar?

In value terms, Thailand remains the key foreign market for electrical musical instrument exports from Myanmar.

What is the average export price for electrical musical or keyboard instruments in Myanmar?

The average electrical musical instrument export price stood at $102,893 per ton in 2021, surging by 599% against the previous year.

What is the average import price for electrical musical or keyboard instruments in Myanmar?

In 2021, the average electrical musical instrument import price amounted to $27,647 per ton, rising by 1.6% against the previous year.

This report provides an in-depth analysis of the electrical musical instrument market in Myanmar. 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:

Myanmar

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Myanmar
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