Price for Musical Instruments; Parts and Accessories for Pianos in Malaysia - 2024

Contents:

1. Price for Musical Instruments; Parts and Accessories for Pianos in Malaysia (CIF) - 2022
2. Price for Musical Instruments; Parts and Accessories for Pianos in Malaysia (FOB) - 2022
3. Imports of Musical Instruments; Parts and Accessories for Pianos in Malaysia
4. Exports of Musical Instruments; Parts and Accessories for Pianos in Malaysia

Price for Musical Instruments; Parts and Accessories for Pianos in Malaysia (CIF) - 2022

In 2022, the average import price for musical instruments; parts and accessories for pianoses amounted to $13,470 per ton, with a decrease of -4.4% against the previous year. Overall, the import price, however, showed a measured expansion. The growth pace was the most rapid in 2015 when the average import price increased by 58% against the previous year. Over the period under review, average import prices hit record highs at $23,381 per ton in 2018; however, from 2019 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 Indonesia ($19,127 per ton), while the price for China ($4,215 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+7.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Musical Instruments; Parts and Accessories for Pianos in Malaysia (FOB) - 2022

The average export price for musical instruments; parts and accessories for pianoses stood at $3,802 per ton in 2022, declining by -26% against the previous year. Overall, the export price recorded a perceptible decrease. The pace of growth appeared the most rapid in 2015 an increase of 77% against the previous year. The export price peaked at $21,367 per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Indonesia ($6,514 per ton), while the average price for exports to Australia ($644 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+7.7%), while the prices for the other major destinations experienced a decline.

Imports of Musical Instruments; Parts and Accessories for Pianos in Malaysia

For the third year in a row, Malaysia recorded decline in overseas purchases of musical instruments; parts and accessories for pianoses, which decreased by -9.1% to 74 tons in 2022. Overall, imports recorded a deep contraction.

In value terms, imports of musical instruments; parts and accessories for pianoses shrank to $993K in 2022. Over the period under review, imports faced a precipitous descent. The growth pace was the most rapid in 2021 when imports increased by 3.9%.

Top Suppliers of Musical Instruments; Parts and Accessories for Pianos to Malaysia in 2022:

1. Indonesia (35.7 tons)
2. Thailand (26.7 tons)
3. China (9.2 tons)
4. Japan (1.4 tons)

Exports of Musical Instruments; Parts and Accessories for Pianos in Malaysia

In 2022, after three years of growth, there was significant decline in shipments abroad of musical instruments; parts and accessories for pianoses, when their volume decreased by -14.8% to 74 tons. The total export volume increased at an average annual rate of +9.0% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 24%.

In value terms, exports of musical instruments; parts and accessories for pianoses fell markedly to $283K in 2022. Overall, exports showed a abrupt slump. The pace of growth was the most pronounced in 2021 when exports increased by 60% against the previous year. As a result, the exports attained the peak of $449K, and then dropped sharply in the following year.

Top Export Markets for Musical Instruments; Parts and Accessories for Pianos from Malaysia in 2022:

1. Japan (43.5 tons)
2. Indonesia (15.9 tons)
3. Australia (7.5 tons)
4. Hong Kong SAR (4.0 tons)
5. United Arab Emirates (1.6 tons)

Source: IndexBox Market Intelligence Platform