Price for Keyboard Electrical Musical Instruments, Other than Accordions in Panama - 2024
Contents:
- Price for Keyboard Electrical Musical Instruments, Other than Accordions in Panama (FOB) - 2022
- Price for Keyboard Electrical Musical Instruments, Other than Accordions in Panama (CIF) - 2024
- Exports of Keyboard Electrical Musical Instruments, Other than Accordions in Panama
- Imports of Keyboard Electrical Musical Instruments, Other than Accordions in Panama
Price for Keyboard Electrical Musical Instruments, Other than Accordions in Panama (FOB) - 2022
In 2022, the average export price for keyboard electrical musical instruments, other than accordionses amounted to $123 per unit, shrinking by -7.7% against the previous year. Overall, the export price recorded a deep setback. The most prominent rate of growth was recorded in 2014 an increase of 78%. Over the period under review, the average export prices hit record highs at $585 per unit in 2012; however, from 2013 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 Ecuador ($517 per unit), while the average price for exports to Chile ($109 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 Venezuela (+10.4%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Keyboard Electrical Musical Instruments, Other than Accordions in Panama (CIF) - 2024
In November 2023, the average import price for keyboard electrical musical instruments, other than accordionses amounted to $505 per unit, with a decrease of -7.7% against the previous month. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in May 2023 when the average import price increased by 7.4% m-o-m. The import price peaked at $547 per unit in June 2023; however, from July 2023 to November 2023, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In November 2023, the country with the highest price was Free Zones ($505 per unit), while the price for Germany ($505 per unit) was amongst the lowest.
From January 2023 to November 2023, the most notable rate of growth in terms of prices was attained by Italy (+0.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Keyboard Electrical Musical Instruments, Other than Accordions in Panama
After three years of growth, shipments abroad of keyboard electrical musical instruments, other than accordionses decreased by -32.3% to 7.5K units in 2022. In general, exports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 459%. Over the period under review, the exports of hit record highs at 11K units in 2021, and then reduced markedly in the following year.
In value terms, exports of keyboard electrical musical instruments, other than accordionses dropped dramatically to $923K in 2022. Over the period under review, exports, however, continue to indicate a buoyant increase. The pace of growth appeared the most rapid in 2020 with an increase of 109%. The exports peaked at $1.5M in 2021, and then fell significantly in the following year.
| Export of Keyboard Electrical Musical Instruments, Other than Accordions in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Chile | 29.9 | 667 | 1,118 | 745 | 192.1% |
| France | 12.4 | 94.9 | 38.8 | 102 | 101.9% |
| Belize | 13.6 | 8.2 | 25.7 | 54.2 | 58.5% |
| Guatemala | 564 | 468 | 260 | 0.4 | -91.1% |
| Others | 7.6 | 75.1 | 33.4 | 21.7 | 41.9% |
| Total | 628 | 1,313 | 1,476 | 923 | 13.7% |
Top Export Markets for Keyboard Electrical Musical Instruments, Other than Accordions from Panama in 2022:
- Chile (6.9K units)
- France (0.3K units)
- Belize (0.2K units)
Imports of Keyboard Electrical Musical Instruments, Other than Accordions in Panama
In 2022, purchases abroad of keyboard electrical musical instruments, other than accordionses decreased by -42.2% to 1.3K units, falling for the second year in a row after two years of growth. In general, imports recorded a sharp shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of 17% against the previous year. As a result, imports attained the peak of 15K 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 notably to $676K in 2022. Over the period under review, imports saw a precipitous contraction. The growth pace was the most rapid in 2020 with an increase of 14%. As a result, imports reached the peak of $6.2M. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Keyboard Electrical Musical Instruments, Other than Accordions in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Free Zones | 401 | 255 | 544 | 519 | 9.0% |
| China | 3,695 | 4,568 | 480 | 134 | -66.9% |
| Indonesia | 610 | 1,036 | 5.6 | 7.1 | -77.3% |
| Japan | 148 | 76.2 | N/A | N/A | -48.5% |
| Malaysia | 167 | 128 | N/A | N/A | -23.4% |
| Others | 356 | 88.9 | 16.6 | 16.8 | -63.9% |
| Total | 5,375 | 6,152 | 1,045 | 676 | -49.9% |
Top Suppliers of Keyboard Electrical Musical Instruments, Other than Accordions to Panama in 2022:
- Free Zones (975.0 units)
- China (251.0 units)
- Indonesia (13.0 units)
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This report provides an in-depth analysis of the electrical musical instrument market in Panama.
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This report provides an in-depth analysis of the global electrical musical instrument market.
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This report provides an in-depth analysis of the electrical musical instrument market in Panama.
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This report provides an in-depth analysis of the global electrical musical instrument market.
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Discover the top import markets for electrical musical instruments in 2023. Learn about the key countries driving the global trade of musical instruments.
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Discover the top import markets for electrical musical instruments in 2023. Learn about the key countries driving the global trade of musical instruments.
