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

Contents:

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

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

The average import price for keyboard electrical musical instruments, other than accordionses stood at $97 per unit in 2022, rising by 31% against the previous year. Over the period under review, import price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for keyboard electrical musical instruments, other than accordionses increased by +39.8% against 2019 indices. The pace of growth appeared the most rapid in 2013 an increase of 50% against the previous year. As a result, import price reached the peak level of $129 per unit. From 2014 to 2022, the average import prices failed to regain momentum.

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 ($207 per unit), while the price for Japan ($15 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 (+2.9%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average export price for keyboard electrical musical instruments, other than accordionses stood at $25 per unit in 2022, falling by -79.6% against the previous year. Over the period under review, the export price recorded a deep slump. The pace of growth was the most pronounced in 2021 when the average export price increased by 309% against the previous year. The export price peaked at $225 per unit in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($83 per unit), while the average price for exports to the UK ($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 Canada (+37.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Keyboard Electrical Musical Instruments, Other than Accordions in Sri Lanka

For the third consecutive year, Sri Lanka recorded decline in purchases abroad of keyboard electrical musical instruments, other than accordionses, which decreased by -74.7% to 4K units in 2022. Over the period under review, imports recorded a dramatic setback. The smallest decline of -7.6% was in 2021. Imports peaked at 22K units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of keyboard electrical musical instruments, other than accordionses dropped notably to $389K in 2022. In general, imports showed a sharp shrinkage. The smallest decline of -3% was in 2021. Over the period under review, imports of hit record highs at $1.5M in 2019; however, from 2020 to 2022, imports remained at a lower figure.

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

1. Malaysia (1990.0 units)
2. China (979.0 units)
3. India (552.0 units)
4. Indonesia (313.0 units)
5. Hong Kong SAR (98.0 units)

Exports of Keyboard Electrical Musical Instruments, Other than Accordions in Sri Lanka

After three years of growth, overseas shipments of keyboard electrical musical instruments, other than accordionses decreased by -18.2% to 9 units in 2022. Over the period under review, exports showed a perceptible shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 10% against the previous year. As a result, the exports reached the peak of 11 units, and then reduced remarkably in the following year.

In value terms, exports of keyboard electrical musical instruments, other than accordionses reduced markedly to $222 in 2022. Overall, exports showed a sharp shrinkage. The pace of growth appeared the most rapid in 2021 when exports increased by 350%. As a result, the exports attained the peak of $1.3K, and then contracted notably in the following year.

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

1. Canada (1.0 units)
2. United States (1.0 units)
3. Australia (1.0 units)
4. United Arab Emirates (1.0 units)
5. India (1.0 units)
6. United Kingdom (1.0 units)
7. Maldives (1.0 units)
8. Germany (1.0 units)
9. New Zealand (1.0 units)

Source: IndexBox Market Intelligence Platform