Price for Non-Keyboard Electrical Musical Instruments in Australia - 2023
Contents:
- Price for Non-Keyboard Electrical Musical Instruments in Australia (CIF) - 2022
- Price for Non-Keyboard Electrical Musical Instruments in Australia (FOB) - 2022
- Imports of Non-Keyboard Electrical Musical Instruments in Australia
- Exports of Non-Keyboard Electrical Musical Instruments in Australia
Price for Non-Keyboard Electrical Musical Instruments in Australia (CIF) - 2022
In 2022, the average non-keyboard electrical musical instruments import price amounted to $378 per unit, rising by 28% against the previous year. Over the period under review, import price indicated perceptible growth from 2012 to 2022: its price increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, non-keyboard electrical musical instruments import price increased by +62.6% against 2019 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
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 the United States ($1,444 per unit), while the price for China ($137 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+7.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Non-Keyboard Electrical Musical Instruments in Australia (FOB) - 2022
The average non-keyboard electrical musical instruments export price stood at $439 per unit in 2022, surging by 94% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The export price peaked at $591 per unit in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Spain ($1,283 per unit), while the average price for exports to Lithuania ($1.4 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 New Caledonia (+22.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Non-Keyboard Electrical Musical Instruments in Australia
In 2022, after three years of growth, there was significant decline in supplies from abroad of non-keyboard electrical musical instrumentses, when their volume decreased by -16.2% to 153K units. The total import volume increased at an average annual rate of +6.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 39% against the previous year. As a result, imports reached the peak of 183K units, and then dropped notably in the following year.
In value terms, non-keyboard electrical musical instruments imports expanded notably to $58M in 2022. Over the period under review, imports, however, continue to indicate significant growth. The pace of growth appeared the most rapid in 2021 when imports increased by 67% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to see steady growth in the immediate term.
| Import of Non-Keyboard Electrical Musical Instruments in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 9.1 | 10.4 | 18.6 | 20.6 | 31.3% |
| China | 6.4 | 7.4 | 11.7 | 9.1 | 12.4% |
| Indonesia | 4.3 | 5.0 | 8.0 | 9.0 | 27.9% |
| Mexico | 3.0 | 2.7 | 5.5 | 7.7 | 36.9% |
| Malaysia | 2.4 | 2.8 | 3.9 | 4.8 | 26.0% |
| Japan | 1.6 | 1.6 | 3.1 | 3.8 | 33.4% |
| South Korea | 1.4 | 0.8 | 1.3 | 1.1 | -7.7% |
| Others | 1.2 | 1.5 | 1.9 | 2.0 | 18.6% |
| Total | 29.5 | 32.3 | 54.0 | 58.1 | 25.3% |
Top Suppliers of Non-Keyboard Electrical Musical Instruments to Australia in 2022:
- China (66.9K units)
- Indonesia (41.2K units)
- United States (14.3K units)
- Mexico (13.3K units)
- Malaysia (6.8K units)
- Japan (6.3K units)
- South Korea (2.3K units)
Exports of Non-Keyboard Electrical Musical Instruments in Australia
Non-keyboard electrical musical instruments exports from Australia contracted to 7.6K units in 2022, which is down by -3.1% on 2021 figures. Over the period under review, exports, however, saw a remarkable increase. The pace of growth appeared the most rapid in 2021 when exports increased by 168%. As a result, the exports reached the peak of 7.9K units, and then fell modestly in the following year.
In value terms, non-keyboard electrical musical instruments exports surged to $3.4M in 2022. Overall, exports, however, posted significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Non-Keyboard Electrical Musical Instruments in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 203 | 143 | 408 | 1,913 | 111.2% |
| New Zealand | 263 | 144 | 467 | 420 | 16.9% |
| Spain | N/A | 1.8 | 149 | 245 | 1066.7% |
| Indonesia | 56.2 | 21.9 | 10.7 | 132 | 32.9% |
| China | 2.5 | 17.6 | 22.8 | 79.0 | 216.2% |
| Germany | 290 | 126 | 39.0 | 46.7 | -45.6% |
| Philippines | 0.3 | N/A | 12.4 | 12.5 | 246.7% |
| New Caledonia | 51.8 | 95.4 | 29.9 | 10.7 | -40.9% |
| Papua New Guinea | 12.3 | N/A | 166 | 7.1 | -16.7% |
| Lithuania | N/A | N/A | N/A | 3.0 | 0% |
| Others | 334 | 448 | 476 | 484 | 13.2% |
| Total | 1,213 | 997 | 1,781 | 3,352 | 40.3% |
Top Export Markets for Non-Keyboard Electrical Musical Instruments from Australia in 2022:
- Lithuania (2070.0 units)
- United States (1613.0 units)
- Indonesia (1058.0 units)
- New Zealand (924.0 units)
- China (456.0 units)
- Philippines (306.0 units)
- Spain (191.0 units)
- Papua New Guinea (150.0 units)
- Germany (131.0 units)
- New Caledonia (25.0 units)
365
This report provides an in-depth analysis of the electrical musical instrument market in Australia.
460
This report provides an in-depth analysis of the global electrical musical instrument market.
365
This report provides an in-depth analysis of the electrical musical instrument market in Australia.
460
This report provides an in-depth analysis of the global electrical musical instrument market.
112
Electrical Musical Instrument imports reached a peak of 360K units in 2021, but failed to regain momentum from 2022 to 2023. In terms of value, imports sharply declined to $70M in 2023.
239
From October 2022 to August 2023, the imports of Electrical Musical Instruments experienced a sluggish growth, failing to regain momentum. In terms of value, these imports saw a modest contraction, amounting to $6.1M in August 2023.
132
Discover the top import markets for electrical musical instruments in 2023. Learn about the key countries driving the global trade of musical instruments.
112
Electrical Musical Instrument imports reached a peak of 360K units in 2021, but failed to regain momentum from 2022 to 2023. In terms of value, imports sharply declined to $70M in 2023.
239
From October 2022 to August 2023, the imports of Electrical Musical Instruments experienced a sluggish growth, failing to regain momentum. In terms of value, these imports saw a modest contraction, amounting to $6.1M in August 2023.
132
Discover the top import markets for electrical musical instruments in 2023. Learn about the key countries driving the global trade of musical instruments.
