Price for Musical Instruments; Parts and Accessories for Pianos in China - 2023
Contents:
- Price for Musical Instruments; Parts and Accessories for Pianos in China (FOB) - 2023
- Price for Musical Instruments; Parts and Accessories for Pianos in China (CIF) - 2022
- Exports of Musical Instruments; Parts and Accessories for Pianos in China
- Imports of Musical Instruments; Parts and Accessories for Pianos in China
Price for Musical Instruments; Parts and Accessories for Pianos in China (FOB) - 2023
In December 2023, the average export price for musical instruments; parts and accessories for pianoses amounted to $10,087 per ton, growing by 8.1% against the previous month. In general, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in February 2023 when the average export price increased by 17% against the previous month. The export price peaked at $11,690 per ton in August 2023; however, from September 2023 to December 2023, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Germany ($30,362 per ton), while the average price for exports to South Korea ($1,754 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+13.7%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Musical Instruments; Parts and Accessories for Pianos in China (CIF) - 2022
In 2022, the average import price for musical instruments; parts and accessories for pianoses amounted to $6,170 per ton, surging by 22% against the previous year. Over the period under review, the import price, however, continues to indicate a mild slump. Over the period under review, average import prices attained the maximum at $7,265 per ton in 2013; however, from 2014 to 2022, 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 Germany ($140,966 per ton), while the price for Japan ($4,486 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+23.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Musical Instruments; Parts and Accessories for Pianos in China
In 2022, exports of musical instruments; parts and accessories for pianoses from China shrank rapidly to 4.7K tons, which is down by -22.2% compared with the previous year's figure. Over the period under review, exports continue to indicate a abrupt contraction. The pace of growth was the most pronounced in 2021 with an increase of 45%.
In value terms, exports of musical instruments; parts and accessories for pianoses reduced to $42M in 2022. In general, exports recorded a abrupt downturn. The pace of growth was the most pronounced in 2021 with an increase of 40% against the previous year.
| Export of Musical Instruments; Parts and Accessories for Pianos in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 31.2 | 14.2 | 22.1 | 20.0 | -13.8% |
| Czech Republic | 5.1 | 3.1 | 3.3 | 5.1 | 0.0% |
| Japan | 2.5 | 2.4 | 3.6 | 3.9 | 16.0% |
| South Korea | 2.7 | 2.6 | 3.3 | 2.3 | -5.2% |
| Russia | 1.8 | 0.2 | 1.2 | 1.9 | 1.8% |
| Germany | 1.3 | 1.2 | 1.5 | 1.2 | -2.6% |
| Belarus | 0.8 | 0.6 | 0.4 | 0.4 | -20.6% |
| South Africa | N/A | N/A | N/A | 0.3 | 0% |
| Others | 4.2 | 5.8 | 6.7 | 6.8 | 17.4% |
| Total | 49.7 | 30.2 | 42.1 | 42.0 | -5.5% |
Top Export Markets for Musical Instruments; Parts and Accessories for Pianos from China in 2022:
- Indonesia (1984.1 tons)
- South Korea (644.7 tons)
- Czech Republic (626.1 tons)
- Japan (307.3 tons)
- Germany (270.6 tons)
- Russia (249.3 tons)
- South Africa (70.5 tons)
- Belarus (70.2 tons)
Imports of Musical Instruments; Parts and Accessories for Pianos in China
In 2022, the amount of musical instruments; parts and accessories for pianoses imported into China dropped rapidly to 4.9K tons, waning by -16.5% against the previous year's figure. In general, imports saw a abrupt contraction. The pace of growth appeared the most rapid in 2021 with an increase of 21%.
In value terms, imports of musical instruments; parts and accessories for pianoses expanded to $30M in 2022. Over the period under review, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 17%.
| Import of Musical Instruments; Parts and Accessories for Pianos in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 21.2 | 16.2 | 22.2 | 21.7 | 0.8% |
| Germany | 8.8 | 8.7 | 7.1 | 8.0 | -3.1% |
| Others | 1.0 | 0.5 | 0.4 | 0.6 | -15.7% |
| Total | 31.0 | 25.4 | 29.7 | 30.3 | -0.8% |
Top Suppliers of Musical Instruments; Parts and Accessories for Pianos to China in 2022:
- Japan (4.8K tons)
- Germany (0.1K tons)
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