Price for Keyboard Electrical Musical Instruments, Other than Accordions in Ecuador - 2022

Contents:

1. Price for Keyboard Electrical Musical Instruments, Other than Accordions in Ecuador (CIF) - 2022
2. Price for Keyboard Electrical Musical Instruments, Other than Accordions in Ecuador (FOB) - 2022
3. Imports of Keyboard Electrical Musical Instruments, Other than Accordions in Ecuador
4. Exports of Keyboard Electrical Musical Instruments, Other than Accordions in Ecuador

Price for Keyboard Electrical Musical Instruments, Other than Accordions in Ecuador (CIF) - 2022

In 2022, the average import price for keyboard electrical musical instruments, other than accordionses amounted to $77 per unit, falling by -6.3% against the previous year. In general, the import price faced a abrupt descent. The growth pace was the most rapid in 2018 an increase of 29%. The import price peaked at $464 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 Indonesia ($535 per unit), while the price for China ($62 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+5.0%), while the prices for the other major suppliers experienced a decline.

Price for Keyboard Electrical Musical Instruments, Other than Accordions in Ecuador (FOB) - 2022

In 2022, the average export price for keyboard electrical musical instruments, other than accordionses amounted to $69 per unit, shrinking by -8.4% against the previous year. In general, the export price recorded a perceptible curtailment. The most prominent rate of growth was recorded in 2020 an increase of 253% against the previous year. The export price peaked at $133 per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

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 ($123 per unit), while the average price for exports to Panama ($3 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 Costa Rica (+4.5%), while the prices for the other major destinations experienced a decline.

Imports of Keyboard Electrical Musical Instruments, Other than Accordions in Ecuador

In 2022, imports of keyboard electrical musical instruments, other than accordionses into Ecuador soared to 29K units, growing by 54% compared with the year before. In general, imports showed a buoyant increase. The pace of growth was the most pronounced in 2021 when imports increased by 220% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, imports of keyboard electrical musical instruments, other than accordionses soared to $2.3M in 2022. Over the period under review, imports, however, showed a abrupt contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 144%. Over the period under review, imports of attained the peak figure at $3.3M in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Top Suppliers of Keyboard Electrical Musical Instruments, Other than Accordions to Ecuador in 2022:

1. China (28.2K units)
2. Indonesia (0.8K units)

Exports of Keyboard Electrical Musical Instruments, Other than Accordions in Ecuador

In 2022, the amount of keyboard electrical musical instruments, other than accordionses exported from Ecuador skyrocketed to 5 units, rising by 25% compared with 2021. The total export volume increased at an average annual rate of +7.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of keyboard electrical musical instruments, other than accordionses reached $347 in 2022. Over the period under review, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 253%. As a result, the exports attained the peak of $371. From 2021 to 2022, the growth of the exports of failed to regain momentum.

Top Export Markets for Keyboard Electrical Musical Instruments, Other than Accordions from Ecuador in 2022:

1. Panama (1.0 units)
2. Guatemala (1.0 units)
3. Costa Rica (1.0 units)
4. Spain (1.0 units)
5. Dominican Republic (1.0 units)

Source: IndexBox Market Intelligence Platform