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

Contents:

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

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

In 2022, the average import price for keyboard electrical musical instruments, other than accordionses amounted to $532 per unit, picking up by 12% against the previous year. In general, the import price, however, showed a mild contraction. The growth pace was the most rapid in 2021 when the average import price increased by 18% against the previous year. Over the period under review, average import prices hit record highs at $654 per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($582 per unit), while the price for Italy ($70 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-0.3%), while the prices for the other major suppliers experienced a decline.

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

The average export price for keyboard electrical musical instruments, other than accordionses stood at $406 per unit in 2022, with a decrease of -40.4% against the previous year. In general, the export price continues to indicate a abrupt decrease. The pace of growth was the most pronounced in 2017 when the average export price increased by 347%. Over the period under review, the average export prices attained the maximum at $2,509 per unit in 2012; however, from 2013 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 Yemen ($452 per unit), while the average price for exports to Thailand ($24 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 the United Arab Emirates (+12.9%), while the prices for the other major destinations experienced a decline.

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

In 2022, supplies from abroad of keyboard electrical musical instruments, other than accordionses decreased by -27.2% to 877 units, falling for the second year in a row after two years of growth. In general, total imports indicated a pronounced expansion from 2019 to 2022: its volume increased at an average annual rate of +3.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -37.6% against 2020 indices. The pace of growth was the most pronounced in 2020 when imports increased by 79% against the previous year. As a result, imports reached the peak of 1.4K units. From 2021 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of keyboard electrical musical instruments, other than accordionses contracted significantly to $466K in 2022. Over the period under review, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +13.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 77%. Imports peaked at $572K in 2021, and then contracted rapidly in the following year.

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

1. United Arab Emirates (533.0 units)
2. South Korea (80.0 units)
3. China (73.0 units)
4. Japan (67.0 units)
5. Malaysia (25.0 units)
6. Belgium (22.0 units)
7. United Kingdom (20.0 units)
8. Germany (18.0 units)
9. Italy (17.0 units)

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

In 2022, the amount of keyboard electrical musical instruments, other than accordionses exported from Oman shrank dramatically to 30 units, with a decrease of -86.8% compared with 2021. Over the period under review, exports recorded a precipitous slump. The smallest decline of -23% was in 2020. The exports peaked at 610 units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, exports of keyboard electrical musical instruments, other than accordionses reduced dramatically to $12K in 2022. In general, exports saw a precipitous decline. The smallest decline of -30% was in 2021. Over the period under review, the exports of hit record highs at $362K in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

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

1. Qatar (26.0 units)
2. United Arab Emirates (1.0 units)
3. Yemen (1.0 units)
4. Iran (1.0 units)
5. Thailand (1.0 units)

Source: IndexBox Market Intelligence Platform