Price for Non-Keyboard Electrical Musical Instruments in Ethiopia - 2022

Contents:

1. Price for Non-Keyboard Electrical Musical Instruments in Ethiopia (CIF) - 2022
2. Price for Non-Keyboard Electrical Musical Instruments in Ethiopia (FOB) - 2022
3. Imports of Non-Keyboard Electrical Musical Instruments in Ethiopia
4. Exports of Non-Keyboard Electrical Musical Instruments in Ethiopia

Price for Non-Keyboard Electrical Musical Instruments in Ethiopia (CIF) - 2022

The average non-keyboard electrical musical instruments import price stood at $403 per unit in 2022, declining by -4.5% against the previous year. Overall, import price indicated a buoyant increase from 2012 to 2022: its price increased at an average annual rate of +6.7% 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 +60.8% against 2015 indices. The pace of growth was the most pronounced in 2013 an increase of 43%. Over the period under review, average import prices reached the maximum at $422 per unit in 2021, and then declined modestly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($580 per unit), while the price for France ($364 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+11.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Non-Keyboard Electrical Musical Instruments in Ethiopia (FOB) - 2022

The average non-keyboard electrical musical instruments export price stood at $274 per unit in 2022, reducing by -22% against the previous year. Overall, the export price, however, posted perceptible growth. The most prominent rate of growth was recorded in 2017 an increase of 162% against the previous year. Over the period under review, the average export prices reached the maximum at $604 per unit in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($817 per unit), while the average price for exports to India ($1 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 Israel (+80.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Keyboard Electrical Musical Instruments in Ethiopia

In 2022, supplies from abroad of non-keyboard electrical musical instrumentses increased by 38% to 83 units for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, faced a sharp decline. Imports peaked at 1.2K units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, non-keyboard electrical musical instruments imports surged to $33K in 2022. Over the period under review, imports, however, saw a sharp decrease. Imports peaked at $381K in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Top Suppliers of Non-Keyboard Electrical Musical Instruments to Ethiopia in 2022:

1. China (41.0 units)
2. United Arab Emirates (10.0 units)
3. Belgium (8.0 units)
4. Japan (7.0 units)
5. United States (4.0 units)
6. Switzerland (3.0 units)
7. France (2.0 units)

Exports of Non-Keyboard Electrical Musical Instruments in Ethiopia

In 2022, approx. 14 units of non-keyboard electrical musical instrumentses were exported from Ethiopia; with a decrease of -22.2% against the previous year. Overall, exports showed a abrupt descent. The most prominent rate of growth was recorded in 2021 when exports increased by 64%. Over the period under review, the exports reached the maximum at 27 units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, non-keyboard electrical musical instruments exports reduced notably to $3.8K in 2022. In general, exports continue to indicate a sharp slump. The growth pace was the most rapid in 2021 with an increase of 15%. Over the period under review, the exports reached the maximum at $16K in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Top Export Markets for Non-Keyboard Electrical Musical Instruments from Ethiopia in 2022:

1. Israel (2.0 units)
2. Tanzania (2.0 units)
3. Netherlands (1.0 units)
4. Egypt (1.0 units)
5. Guinea (1.0 units)
6. India (1.0 units)
7. France (1.0 units)
8. United States (1.0 units)
9. Belgium (1.0 units)
10. Denmark (1.0 units)
11. Switzerland (1.0 units)
12. Kenya (1.0 units)

Source: IndexBox Market Intelligence Platform