Price for Keyboard Electrical Musical Instruments, Other than Accordions in Mexico - 2023

Contents:

  1. Price for Keyboard Electrical Musical Instruments, Other than Accordions in Mexico (CIF) - 2023
  2. Imports of Keyboard Electrical Musical Instruments, Other than Accordions in Mexico

Price for Keyboard Electrical Musical Instruments, Other than Accordions in Mexico (CIF) - 2023

The average import price for keyboard electrical musical instruments, other than accordionses stood at $38.8 per unit in December 2023, jumping by 17% against the previous month. In general, the import price, however, recorded a abrupt shrinkage. The most prominent rate of growth was recorded in September 2023 an increase of 78% against the previous month. The import price peaked at $154 per unit in December 2022; however, from January 2023 to December 2023, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for China.

From December 2022 to December 2023, the rate of growth in terms of prices for China amounted to -10.8% per month.

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

After three years of growth, overseas purchases of keyboard electrical musical instruments, other than accordionses decreased by -20.7% to 113K units in 2022. Over the period under review, imports, however, continue to indicate a significant increase. The pace of growth appeared the most rapid in 2021 when imports increased by 291%. As a result, imports attained the peak of 142K units, and then contracted markedly in the following year.

In value terms, imports of keyboard electrical musical instruments, other than accordionses skyrocketed to $11M in 2022. Overall, imports continue to indicate a deep downturn. Over the period under review, imports of hit record highs at $13M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Import of Keyboard Electrical Musical Instruments, Other than Accordions in Mexico (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China10.78.08.910.80.3%
Indonesia1.81.2N/AN/A-33.3%
Others0.40.4N/AN/A0.0%
Total12.99.58.910.8-5.8%

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

  1. China (112.6K units)

Source: IndexBox Market Intelligence Platform

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Free Data: Musical instruments; keyboard, (other than accordions), the sound of which is produced or must be amplified electrically - Mexico